Motiv8 Investments LLC Increases Holdings in NVIDIA Corporation (NASDAQ:NVDA)

Motiv8 Investments LLC raised its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 4.8% in the first quarter, Holdings Channel.com reports. The institutional investor owned 8,870 shares of the computer hardware maker’s stock after buying an additional 406 shares during the quarter. Motiv8 Investments LLC’s holdings in NVIDIA were worth $961,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Tacita Capital Inc purchased a new stake in shares of NVIDIA in the 4th quarter worth $28,000. Vision Financial Markets LLC purchased a new stake in shares of NVIDIA in the 4th quarter worth $38,000. Copia Wealth Management purchased a new stake in NVIDIA in the 4th quarter worth $50,000. LSV Asset Management purchased a new stake in NVIDIA in the 4th quarter worth $54,000. Finally, Bruce G. Allen Investments LLC increased its stake in 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 buying an additional 327 shares in the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

NVIDIA Price Performance

Shares of NVDA opened at $172.41 on Friday. The company has a market cap of $4.21 trillion, a price-to-earnings ratio of 55.62, a price-to-earnings-growth ratio of 1.52 and a beta of 2.13. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $174.25. The company has a quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10. The company has a 50 day moving average of $146.99 and a two-hundred 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 the consensus estimate of $0.87 by ($0.06). The firm 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%. NVIDIA’s revenue was up 69.2% on a year-over-year basis. During the same quarter last year, the business earned $0.61 earnings per share. As a group, analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

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

Insider Buying and Selling at NVIDIA

In other news, CFO Colette Kress sold 27,650 shares of NVIDIA stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $170.89, for a total transaction of $4,725,108.50. Following the completion of the sale, the chief financial officer directly owned 2,984,516 shares in the company, valued at approximately $510,023,939.24. The trade was a 0.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction on Friday, July 18th. The stock was sold at an average price of $172.52, for a total transaction of $12,939,000.00. Following the sale, the chief executive officer owned 74,348,225 shares of the company’s stock, valued at $12,826,555,777. The trade was a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,964,800 shares of company stock worth $734,906,003 over the last three months. Corporate insiders own 4.17% of the company’s stock.

Analyst Ratings Changes

NVDA has been the subject of a number of analyst reports. Barclays increased their price target on NVIDIA from $170.00 to $200.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 17th. Arete Research upgraded NVIDIA to a “strong-buy” rating in a research note on Wednesday, May 21st. HSBC lowered NVIDIA from a “buy” rating to a “hold” rating and set a $120.00 price target for the company. in a research note on Thursday, April 3rd. Wedbush reiterated an “outperform” rating on shares of NVIDIA in a research note on Thursday, May 29th. Finally, Loop Capital increased their price target on NVIDIA from $175.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, June 25th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, thirty-three have given a buy rating and four have given a strong buy rating to the stock. According to MarketBeat, the company currently has an average 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.