NVIDIA Corporation (NASDAQ:NVDA) Stock Position Increased by PPS&V Asset Management Consultants Inc.

PPS&V Asset Management Consultants Inc. boosted its position in NVIDIA Corporation (NASDAQ:NVDA) by 6.8% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,230 shares of the computer hardware maker’s stock after purchasing an additional 652 shares during the quarter. NVIDIA comprises 0.8% of PPS&V Asset Management Consultants Inc.’s holdings, making the stock its 14th biggest position. PPS&V Asset Management Consultants Inc.’s holdings in NVIDIA were worth $1,109,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Tacita Capital Inc acquired a new stake in shares of NVIDIA in the 4th quarter worth approximately $28,000. Vision Financial Markets LLC acquired a new stake in shares of NVIDIA in the 4th quarter worth approximately $38,000. Copia Wealth Management acquired a new stake in shares of NVIDIA in the 4th quarter worth approximately $50,000. Bruce G. Allen Investments LLC lifted its stake in shares of NVIDIA by 198.2% in the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker’s stock worth $53,000 after acquiring an additional 327 shares during the period. Finally, LSV Asset Management acquired a new stake in shares of NVIDIA in the 4th quarter worth approximately $54,000. 65.27% of the stock is currently owned by institutional investors.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, EVP Ajay K. Puri sold 168,195 shares of the company’s stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $152.64, for a total value of $25,673,284.80. Following the transaction, the executive vice president now owns 4,018,547 shares in the company, valued at approximately $613,391,014.08. This represents a 4.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jen Hsun Huang sold 50,000 shares of the stock in a transaction on Friday, June 20th. The stock was sold at an average price of $144.26, for a total transaction of $7,213,000.00. Following the transaction, the chief executive officer now owns 75,723,225 shares in the company, valued at approximately $10,923,832,438.50. This trade represents a 0.07% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 3,792,267 shares of company stock worth $544,823,117. 4.17% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on NVDA. Morgan Stanley reaffirmed an “overweight” rating and issued a $170.00 price target (up from $160.00) on shares of NVIDIA in a research note on Thursday, May 29th. Summit Insights raised shares of NVIDIA from a “hold” rating to a “buy” rating in a research note on Thursday, May 29th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $200.00 price target on shares of NVIDIA in a research note on Wednesday, April 16th. KeyCorp set a $190.00 price target on shares of NVIDIA in a research note on Wednesday, March 19th. Finally, TD Cowen increased their target price on shares of NVIDIA from $140.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, May 29th. One analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-four have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat, NVIDIA currently has a consensus rating of “Moderate Buy” and a consensus price target of $175.78.

NVIDIA Stock Up 1.8%

NVIDIA stock opened at $157.75 on Friday. The firm has a market cap of $3.85 trillion, a PE ratio of 50.89, a P/E/G ratio of 1.37 and a beta of 2.12. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.96 and a current ratio of 3.39. The firm’s 50 day moving average price is $130.96 and its two-hundred day moving average price is $127.05. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $158.71.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.06). The company had revenue of $44.06 billion during the quarter, compared to analyst estimates of $43.09 billion. NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The firm’s quarterly revenue was up 69.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.61 EPS. On average, research analysts predict that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th will be paid a $0.01 dividend. The ex-dividend date is Wednesday, June 11th. This represents a $0.04 annualized dividend and a yield of 0.03%. NVIDIA’s dividend payout ratio is presently 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.