Family Capital Management Inc. Has $1.28 Million Position in NVIDIA Corporation (NASDAQ:NVDA)

Family Capital Management Inc. boosted its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 6.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,823 shares of the computer hardware maker’s stock after buying an additional 746 shares during the quarter. NVIDIA makes up approximately 0.8% of Family Capital Management Inc.’s portfolio, making the stock its 28th biggest position. Family Capital Management Inc.’s holdings in NVIDIA were worth $1,281,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NVDA. Planning Directions Inc. lifted its stake in shares of NVIDIA by 134.5% in the 1st quarter. Planning Directions Inc. now owns 28,201 shares of the computer hardware maker’s stock valued at $3,057,000 after purchasing an additional 16,174 shares during the period. Capital Management Associates Inc lifted its stake in shares of NVIDIA by 98.7% in the 1st quarter. Capital Management Associates Inc now owns 12,912 shares of the computer hardware maker’s stock valued at $1,399,000 after purchasing an additional 6,414 shares during the period. EULAV Asset Management lifted its stake in shares of NVIDIA by 9.0% in the 1st quarter. EULAV Asset Management now owns 400,139 shares of the computer hardware maker’s stock valued at $43,367,000 after purchasing an additional 33,002 shares during the period. Crossmark Global Holdings Inc. lifted its stake in shares of NVIDIA by 7.2% in the 1st quarter. Crossmark Global Holdings Inc. now owns 1,649,409 shares of the computer hardware maker’s stock valued at $178,763,000 after purchasing an additional 110,943 shares during the period. Finally, J Hagan Capital Inc. acquired a new position in shares of NVIDIA in the 1st quarter valued at about $6,404,000. 65.27% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at NVIDIA

In related news, CEO Jen Hsun Huang sold 75,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $152.54, for a total value of $11,440,500.00. Following 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Tench Coxe sold 1,000,000 shares of the company’s stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $142.80, for a total value of $142,800,000.00. Following the completion of the transaction, the director owned 26,671,360 shares in the company, valued at approximately $3,808,670,208. The trade was a 3.61% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,339,800 shares of company stock worth $800,141,003 in the last ninety days. Company insiders own 4.17% of the company’s stock.

NVIDIA Stock Performance

NVDA stock opened at $173.72 on Friday. The firm has a market cap of $4.24 trillion, a PE ratio of 56.04, a P/E/G ratio of 1.57 and a beta of 2.14. 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 business has a 50 day moving average of $155.30 and a 200-day moving average of $132.32. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $183.30.

NVIDIA (NASDAQ:NVDA) last released 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 during 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 business’s revenue was up 69.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.61 earnings per share. As a group, sell-side analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Investors 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 0.0%. NVIDIA’s dividend payout ratio is presently 1.29%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on NVDA. Morgan Stanley boosted their price objective on NVIDIA from $170.00 to $200.00 and gave the company an “overweight” rating in a research note on Wednesday. DA Davidson boosted their price objective on NVIDIA from $120.00 to $135.00 and gave the company a “neutral” rating in a research note on Thursday, May 29th. Truist Financial boosted their price objective on NVIDIA from $205.00 to $210.00 and gave the company a “buy” rating in a research note on Thursday, May 29th. Citigroup upped their price target on NVIDIA from $180.00 to $190.00 and gave the stock a “buy” rating in a research note on Monday, July 7th. Finally, Oppenheimer upped their price target on NVIDIA from $175.00 to $200.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 15th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-three have given a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat, NVIDIA presently has an average rating of “Moderate Buy” and an average price target of $182.03.

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.