Optimist Retirement Group LLC Acquires 316 Shares of NVIDIA Corporation $NVDA

Optimist Retirement Group LLC raised its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 16.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,270 shares of the computer hardware maker’s stock after acquiring an additional 316 shares during the quarter. Optimist Retirement Group LLC’s holdings in NVIDIA were worth $246,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NVDA. Condor Capital Management raised its position in shares of NVIDIA by 3.6% in the 4th quarter. Condor Capital Management now owns 2,559 shares of the computer hardware maker’s stock valued at $344,000 after buying an additional 89 shares in the last quarter. High Note Wealth LLC raised its position in shares of NVIDIA by 0.5% in the 1st quarter. High Note Wealth LLC now owns 17,873 shares of the computer hardware maker’s stock valued at $1,937,000 after buying an additional 91 shares in the last quarter. Kelly Financial Services LLC raised its position in shares of NVIDIA by 2.0% in the 1st quarter. Kelly Financial Services LLC now owns 4,736 shares of the computer hardware maker’s stock valued at $513,000 after buying an additional 94 shares in the last quarter. Mendel Capital Management LLC raised its position in shares of NVIDIA by 0.8% in the 1st quarter. Mendel Capital Management LLC now owns 11,871 shares of the computer hardware maker’s stock valued at $1,287,000 after buying an additional 96 shares in the last quarter. Finally, Affiance Financial LLC raised its position in shares of NVIDIA by 0.7% in the 1st quarter. Affiance Financial LLC now owns 13,651 shares of the computer hardware maker’s stock valued at $1,479,000 after buying an additional 97 shares in the last quarter. 65.27% of the stock is owned by institutional investors.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director Tench Coxe sold 1,000,000 shares of the firm’s stock in a transaction on Monday, June 9th. The shares were sold at an average price of $142.80, for a total value of $142,800,000.00. Following the transaction, the director directly owned 26,671,360 shares of the company’s stock, valued at approximately $3,808,670,208. This trade represents a 3.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Ajay K. Puri sold 168,195 shares of the firm’s stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $152.64, for a total transaction of $25,673,284.80. Following the completion of the transaction, the executive vice president directly owned 4,018,547 shares in the company, valued at $613,391,014.08. This trade represents a 4.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,837,440 shares of company stock valued at $889,404,782 over the last ninety days. 4.17% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on NVDA. Citigroup upped their price objective on shares of NVIDIA from $180.00 to $190.00 and gave the stock a “buy” rating in a research report on Monday, July 7th. Bank of America upped their price objective on shares of NVIDIA from $180.00 to $220.00 in a research report on Wednesday, July 16th. The Goldman Sachs Group began coverage on shares of NVIDIA in a research report on Thursday, July 10th. They set a “buy” rating and a $185.00 price objective for the company. Raymond James Financial upped their price objective on shares of NVIDIA from $150.00 to $165.00 and gave the stock a “strong-buy” rating in a research report on Thursday, May 29th. Finally, Truist Financial upped their price objective on shares of NVIDIA from $205.00 to $210.00 and gave the stock a “buy” rating in a research report on Thursday, May 29th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-two have issued a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $186.33.

NVIDIA Stock Down 0.9%

Shares of NASDAQ NVDA opened at $180.45 on Monday. The firm has a market cap of $4.40 trillion, a PE ratio of 58.21, a P/E/G ratio of 1.59 and a beta of 2.14. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $184.48. The company’s fifty day simple moving average is $163.96 and its 200 day simple moving average is $135.52. The company has a quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10.

NVIDIA (NASDAQ:NVDA) last issued its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.06). NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The company had revenue of $44.06 billion for the quarter, compared to the consensus estimate of $43.09 billion. During the same period in the prior year, the company earned $0.61 earnings per share. The firm’s revenue was up 69.2% compared to the same quarter last year. As a group, sell-side analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date of this dividend was Wednesday, June 11th. NVIDIA’s dividend payout ratio (DPR) is 1.29%.

About NVIDIA

NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.