NVIDIA Co. (NASDAQ:NVDA) Shares Sold by jvl associates llc

jvl associates llc lowered its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 1.1% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,537 shares of the computer hardware maker’s stock after selling 115 shares during the quarter. NVIDIA accounts for 0.5% of jvl associates llc’s investment portfolio, making the stock its 28th largest holding. jvl associates llc’s holdings in NVIDIA were worth $1,142,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Tacita Capital Inc purchased a new position in shares of NVIDIA in the 4th quarter valued at about $28,000. Vision Financial Markets LLC purchased a new position in NVIDIA during the 4th quarter valued at about $38,000. Luken Investment Analytics LLC acquired a new position in NVIDIA during the fourth quarter worth about $40,000. Copia Wealth Management acquired a new position in NVIDIA during the fourth quarter worth about $50,000. Finally, LSV Asset Management acquired a new position in NVIDIA during the fourth quarter worth about $54,000. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Mizuho lifted their target price on shares of NVIDIA from $168.00 to $170.00 and gave the stock an “outperform” rating in a research report on Thursday, May 29th. William Blair restated an “outperform” rating on shares of NVIDIA in a research report on Thursday, March 20th. Summit Insights upgraded shares of NVIDIA from a “hold” rating to a “buy” rating in a research report on Thursday, May 29th. Cantor Fitzgerald restated an “overweight” rating and set a $200.00 target price on shares of NVIDIA in a research report on Wednesday, April 16th. Finally, DZ Bank raised shares of NVIDIA from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 28th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, thirty-six have issued a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $171.66.

NVIDIA Stock Up 1.2%

NVDA opened at $141.72 on Monday. NVIDIA Co. has a 1-year low of $86.62 and a 1-year high of $195.95. The stock’s fifty day simple moving average is $118.45 and its 200 day simple moving average is $126.10. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. The stock has a market cap of $3.46 trillion, a PE ratio of 55.77, a price-to-earnings-growth ratio of 1.76 and a beta of 2.12.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $43.09 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The firm’s quarterly revenue was up 69.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.61 EPS. As a group, research analysts expect that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The company also recently disclosed 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 yield of 0.03%. NVIDIA’s dividend payout ratio is 1.29%.

Insider Buying and Selling

In related news, CFO Colette Kress sold 66,660 shares of the firm’s stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $116.83, for a total value of $7,787,887.80. Following the sale, the chief financial officer now directly owns 3,085,765 shares of the company’s stock, valued at $360,509,924.95. This trade represents a 2.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Mark A. Stevens sold 935,000 shares of the firm’s stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $140.92, for a total value of $131,760,200.00. Following the completion of the sale, the director now directly owns 9,214,697 shares in the company, valued at $1,298,535,101.24. This trade represents a 9.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,255,320 shares of company stock valued at $172,680,419 over the last quarter. 4.17% of the stock is owned by company insiders.

NVIDIA Company 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.