Tanager Wealth Management LLP Has $1.11 Million Stake in NVIDIA Corporation (NASDAQ:NVDA)

Tanager Wealth Management LLP grew its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 10.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,267 shares of the computer hardware maker’s stock after purchasing an additional 987 shares during the period. Tanager Wealth Management LLP’s holdings in NVIDIA were worth $1,114,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in NVDA. Norges Bank acquired a new position in shares of NVIDIA in the 4th quarter valued at about $43,515,504,000. GAMMA Investing LLC increased its holdings in NVIDIA by 12,173.2% in the first quarter. GAMMA Investing LLC now owns 48,837,781 shares of the computer hardware maker’s stock worth $5,293,039,000 after buying an additional 48,439,859 shares during the last quarter. Northern Trust Corp increased its holdings in NVIDIA by 15.8% in the fourth quarter. Northern Trust Corp now owns 266,454,194 shares of the computer hardware maker’s stock worth $35,782,134,000 after buying an additional 36,266,817 shares during the last quarter. Proficio Capital Partners LLC increased its holdings in NVIDIA by 14,641.2% in the fourth quarter. Proficio Capital Partners LLC now owns 34,676,316 shares of the computer hardware maker’s stock worth $4,656,682,000 after buying an additional 34,441,082 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in NVIDIA by 204.6% in the first quarter. Assenagon Asset Management S.A. now owns 35,652,571 shares of the computer hardware maker’s stock worth $3,864,026,000 after buying an additional 23,948,733 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

NVIDIA Stock Performance

Shares of NASDAQ:NVDA opened at $172.41 on Friday. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $174.25. The firm has a market cap of $4.21 trillion, a PE ratio of 55.62, a price-to-earnings-growth ratio of 1.52 and a beta of 2.13. 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 business has a fifty day moving average of $146.99 and a 200-day moving average of $129.90.

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

NVIDIA Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.02%. The ex-dividend date was Wednesday, June 11th. NVIDIA’s dividend payout ratio is 1.29%.

Insider Transactions at NVIDIA

In related news, EVP Ajay K. Puri sold 168,195 shares of the firm’s stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $152.64, for a total value of $25,673,284.80. Following the transaction, the executive vice president 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of the firm’s stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $152.54, for a total value of $11,440,500.00. Following the completion of the transaction, the chief executive officer owned 75,548,225 shares in the company, valued at approximately $11,524,126,241.50. This represents a 0.10% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 4,964,800 shares of company stock worth $734,906,003 in the last ninety days. 4.17% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on NVDA. Citigroup increased their price objective on NVIDIA from $180.00 to $190.00 and gave the stock a “buy” rating in a report on Monday, July 7th. UBS Group restated a “buy” rating on shares of NVIDIA in a report on Friday, May 23rd. Hsbc Global Res cut NVIDIA from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 3rd. Loop Capital upped their target price on NVIDIA from $175.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, June 25th. Finally, Bank of America upped their target price on NVIDIA from $180.00 to $220.00 in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-three have given a buy rating and four have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $181.22.

NVIDIA Profile

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.