Stockman Wealth Management Inc. Has $445,000 Holdings in NVIDIA Corporation (NASDAQ:NVDA)

Stockman Wealth Management Inc. boosted its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA) by 10.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,108 shares of the computer hardware maker’s stock after purchasing an additional 380 shares during the period. Stockman Wealth Management Inc.’s holdings in NVIDIA were worth $445,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Tacita Capital Inc acquired a new stake in shares of NVIDIA in the fourth quarter valued at approximately $28,000. Vision Financial Markets LLC bought a new position in NVIDIA in the fourth quarter valued at about $38,000. Copia Wealth Management acquired a new stake in NVIDIA in the fourth quarter worth about $50,000. LSV Asset Management acquired a new position in NVIDIA in the fourth quarter valued at approximately $54,000. Finally, Bruce G. Allen Investments LLC grew its holdings in NVIDIA by 198.2% during 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. Institutional investors own 65.27% of the company’s stock.

Insider Buying and Selling at NVIDIA

In related news, Director A Brooke Seawell sold 51,740 shares of the firm’s stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $154.62, for a total transaction of $8,000,038.80. Following the completion of the transaction, the director directly owned 1,576,709 shares of the company’s stock, valued at $243,790,745.58. This trade represents a 3.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of the business’s stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $157.53, for a total value of $11,814,750.00. Following the completion of the transaction, the chief executive officer directly owned 75,323,225 shares in the company, valued at approximately $11,865,667,634.25. This trade represents a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 4,044,919 shares of company stock worth $584,414,209 over the last quarter. Corporate insiders own 4.17% of the company’s stock.

NVIDIA Price Performance

Shares of NASDAQ NVDA opened at $157.25 on Thursday. The firm has a market cap of $3.84 trillion, a P/E ratio of 50.73, a price-to-earnings-growth ratio of 1.36 and a beta of 2.13. The business’s 50 day moving average is $134.36 and its 200-day moving average is $127.45. The company has a current ratio of 3.39, a quick ratio of 2.96 and a debt-to-equity ratio of 0.10. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $158.71.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing the consensus estimate 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 company posted $0.61 earnings per share. The company’s revenue was up 69.2% on a year-over-year basis. Equities research analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. NVIDIA’s dividend payout ratio is 1.29%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on NVDA. Oppenheimer restated an “outperform” rating and set a $175.00 target price on shares of NVIDIA in a research report on Monday, June 16th. KeyCorp set a $190.00 price target on shares of NVIDIA in a research report on Wednesday, March 19th. Stifel Nicolaus set a $180.00 price objective on NVIDIA in a research report on Wednesday, March 19th. Susquehanna restated a “positive” rating and issued a $180.00 price target on shares of NVIDIA in a report on Wednesday, March 19th. Finally, Hsbc Global Res downgraded NVIDIA from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 3rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-four have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $175.78.

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.