Welch Group LLC Cuts Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

Welch Group LLC lessened its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 1.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 179,394 shares of the computer hardware maker’s stock after selling 3,370 shares during the period. Welch Group LLC’s holdings in NVIDIA were worth $19,674,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in NVDA. Tacita Capital Inc purchased a new position in shares of NVIDIA during the 4th quarter worth $28,000. Vision Financial Markets LLC purchased a new stake in shares of NVIDIA during the fourth quarter worth $38,000. Luken Investment Analytics LLC acquired a new stake in NVIDIA in the 4th quarter valued at about $40,000. Copia Wealth Management acquired a new position in NVIDIA during the 4th quarter worth approximately $50,000. Finally, LSV Asset Management acquired a new stake in NVIDIA in the fourth quarter valued at $54,000. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at NVIDIA

In other NVIDIA news, Director Robert K. Burgess sold 53,324 shares of the firm’s stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $115.49, for a total value of $6,158,388.76. Following the sale, the director now directly owns 251,044 shares in the company, valued at approximately $28,993,071.56. This trade represents a 17.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Aarti S. Shah sold 20,000 shares of the business’s stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $118.42, for a total transaction of $2,368,400.00. Following the transaction, the director now directly owns 53,208 shares of the company’s stock, valued at $6,300,891.36. The trade was a 27.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,255,320 shares of company stock valued at $172,680,419. Corporate insiders own 4.17% of the company’s stock.

NVIDIA Stock Up 0.6%

Shares of NASDAQ NVDA opened at $142.63 on Tuesday. The company has a market cap of $3.48 trillion, a P/E ratio of 56.13, a P/E/G ratio of 1.76 and a beta of 2.12. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. NVIDIA Co. has a 12-month low of $86.62 and a 12-month high of $195.95. The stock has a fifty day moving average price of $119.10 and a 200 day moving average price of $126.11.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.06). NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The firm had revenue of $44.06 billion during the quarter, compared to analyst estimates of $43.09 billion. During the same quarter in the prior year, the firm earned $0.61 EPS. The business’s quarterly revenue was up 69.2% compared to the same quarter last year. Research analysts anticipate that NVIDIA Co. will post 2.77 EPS for the current fiscal 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 issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.03%. The ex-dividend date is Wednesday, June 11th. NVIDIA’s dividend payout ratio is currently 1.29%.

Analyst Ratings Changes

NVDA has been the topic of a number of recent analyst reports. Tigress Financial reaffirmed a “buy” rating on shares of NVIDIA in a research report on Wednesday, February 26th. Wedbush reiterated an “outperform” rating on shares of NVIDIA in a research note on Thursday, May 29th. Summit Insights raised shares of NVIDIA from a “hold” rating to a “buy” rating in a research note on Thursday, May 29th. Hsbc Global Res downgraded NVIDIA from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 3rd. Finally, Arete Research raised shares of NVIDIA to a “strong-buy” rating in a research note on Wednesday, May 21st. One analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-six have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $171.66.

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.