Vivid Wealth Management LLC Purchases 960 Shares of NVIDIA Corporation (NASDAQ:NVDA)

Vivid Wealth Management LLC raised its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA) by 4.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,245 shares of the computer hardware maker’s stock after acquiring an additional 960 shares during the period. Vivid Wealth Management LLC’s holdings in NVIDIA were worth $2,411,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Tacita Capital Inc purchased a new position in NVIDIA in the 4th quarter worth $28,000. Vision Financial Markets LLC bought a new position in shares of NVIDIA during the fourth quarter valued at about $38,000. Copia Wealth Management purchased a new position in shares of NVIDIA in the fourth quarter worth about $50,000. LSV Asset Management bought a new stake in shares of NVIDIA in the 4th quarter valued at about $54,000. Finally, 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 valued at $53,000 after acquiring an additional 327 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors.

NVIDIA Price Performance

Shares of NASDAQ NVDA opened at $159.28 on Friday. The company has a 50 day simple moving average of $135.41 and a two-hundred day simple moving average of $127.64. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $160.98. The company has a market capitalization of $3.89 trillion, a price-to-earnings ratio of 51.38, a P/E/G ratio of 1.39 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.

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

NVIDIA Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th were given a $0.01 dividend. The ex-dividend date of this dividend was Wednesday, June 11th. This represents a $0.04 annualized dividend and a yield of 0.03%. NVIDIA’s dividend payout ratio (DPR) is presently 1.29%.

Insider Buying and Selling at NVIDIA

In other news, EVP Ajay K. Puri sold 168,195 shares of the company’s stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $152.64, for a total transaction of $25,673,284.80. Following the transaction, the executive vice president directly owned 4,018,547 shares of the company’s stock, valued at $613,391,014.08. This represents a 4.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction 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 sale, the chief executive officer directly owned 75,323,225 shares in the company, valued at $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. In the last three months, insiders have sold 4,044,919 shares of company stock worth $584,414,209. Insiders own 4.17% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on NVDA shares. Susquehanna restated a “positive” rating and set a $180.00 price target on shares of NVIDIA in a research report on Wednesday, March 19th. Citigroup restated a “buy” rating and issued a $180.00 target price (up previously from $150.00) on shares of NVIDIA in a report on Thursday, May 29th. Morgan Stanley reaffirmed an “overweight” rating and issued a $170.00 target price (up from $160.00) on shares of NVIDIA in a research note on Thursday, May 29th. Needham & Company LLC reiterated a “buy” rating and set a $160.00 price target on shares of NVIDIA in a report on Thursday, May 29th. Finally, Mizuho increased their price target on shares of NVIDIA from $170.00 to $185.00 and gave the company an “outperform” rating in a research report on Thursday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-four have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat, NVIDIA has a consensus rating of “Moderate Buy” and a consensus price target of $176.19.

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.