NORTHSTAR ASSET MANAGEMENT Co LLC Raises Stake in NVIDIA Corporation (NASDAQ:NVDA)

NORTHSTAR ASSET MANAGEMENT Co LLC boosted its position in NVIDIA Corporation (NASDAQ:NVDA) by 1.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,040 shares of the computer hardware maker’s stock after buying an additional 490 shares during the quarter. NVIDIA makes up approximately 1.2% of NORTHSTAR ASSET MANAGEMENT Co LLC’s portfolio, making the stock its 16th biggest position. NORTHSTAR ASSET MANAGEMENT Co LLC’s holdings in NVIDIA were worth $5,098,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Condor Capital Management raised its holdings in NVIDIA by 3.6% in the fourth quarter. Condor Capital Management now owns 2,559 shares of the computer hardware maker’s stock worth $344,000 after purchasing an additional 89 shares in the last quarter. Kelly Financial Services LLC raised its holdings in NVIDIA by 2.0% in the first quarter. Kelly Financial Services LLC now owns 4,736 shares of the computer hardware maker’s stock worth $513,000 after purchasing an additional 94 shares in the last quarter. Foundry Financial Group Inc. raised its holdings in NVIDIA by 2.2% in the fourth quarter. Foundry Financial Group Inc. now owns 4,387 shares of the computer hardware maker’s stock worth $589,000 after purchasing an additional 96 shares in the last quarter. Mendel Capital Management LLC raised its holdings in NVIDIA by 0.8% in the first quarter. Mendel Capital Management LLC now owns 11,871 shares of the computer hardware maker’s stock worth $1,287,000 after purchasing an additional 96 shares in the last quarter. Finally, Wallace Hart LLC raised its holdings in NVIDIA by 3.9% in the fourth quarter. Wallace Hart LLC now owns 2,599 shares of the computer hardware maker’s stock worth $349,000 after purchasing an additional 97 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on NVDA. Mizuho set a $192.00 target price on NVIDIA and gave the stock an “outperform” rating in a research note on Tuesday, July 15th. Cantor Fitzgerald reissued an “overweight” rating and issued a $200.00 target price on shares of NVIDIA in a research note on Wednesday, April 16th. Truist Financial increased their target price on NVIDIA from $205.00 to $210.00 and gave the stock a “buy” rating in a research note on Thursday, May 29th. Arete Research raised NVIDIA to a “strong-buy” rating in a research note on Wednesday, May 21st. Finally, Rosenblatt Securities increased their target price on NVIDIA from $178.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, May 29th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, thirty-three have assigned a buy rating and four have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $182.03.

Insider Activity at NVIDIA

In related news, Director A Brooke Seawell sold 48,792 shares of NVIDIA stock in a transaction that occurred on Monday, July 14th. The stock was sold at an average price of $163.96, for a total transaction of $7,999,936.32. Following the sale, the director owned 1,729,478 shares of the company’s stock, valued at approximately $283,565,212.88. This trade represents a 2.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $175.22, for a total value of $13,141,500.00. Following the sale, the chief executive officer directly owned 73,898,225 shares in the company, valued at $12,948,446,984.50. This trade represents a 0.10% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,264,800 shares of company stock valued at $786,735,503. 4.17% of the stock is owned by company insiders.

NVIDIA Stock Up 2.1%

NASDAQ NVDA opened at $179.27 on Thursday. The stock’s 50-day moving average price is $153.55 and its 200-day moving average price is $131.72. The company has a quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $179.89. The company has a market capitalization of $4.37 trillion, a P/E ratio of 57.83, a price-to-earnings-growth ratio of 1.55 and a beta of 2.13.

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

NVIDIA Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th were paid a dividend of $0.01 per share. 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 (DPR) is presently 1.29%.

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.