NVIDIA Co. (NASDAQ:NVDA) Position Lowered by Presidio Capital Management LLC

Presidio Capital Management LLC decreased its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 2.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,741 shares of the computer hardware maker’s stock after selling 316 shares during the period. NVIDIA comprises about 0.7% of Presidio Capital Management LLC’s investment portfolio, making the stock its 15th biggest holding. Presidio Capital Management LLC’s holdings in NVIDIA were worth $1,598,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Tacita Capital Inc bought a new position in NVIDIA in the fourth quarter worth about $28,000. Vision Financial Markets LLC bought a new position in NVIDIA in the fourth quarter worth about $38,000. Luken Investment Analytics LLC bought a new position in NVIDIA in the fourth quarter worth about $40,000. Copia Wealth Management bought a new stake in shares of NVIDIA during the fourth quarter valued at approximately $50,000. Finally, LSV Asset Management bought a new stake in shares of NVIDIA during the fourth quarter valued at approximately $54,000. Institutional investors own 65.27% of the company’s stock.

Insiders Place Their Bets

In other news, insider Donald F. Robertson, Jr. sold 4,500 shares of the company’s stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $116.80, for a total transaction of $525,600.00. Following the completion of the transaction, the insider now owns 479,428 shares of the company’s stock, valued at approximately $55,997,190.40. This represents a 0.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Tench Coxe sold 1,000,000 shares of the company’s stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $142.80, for a total transaction of $142,800,000.00. Following the transaction, the director now directly owns 26,671,360 shares of the company’s stock, valued at $3,808,670,208. This represents a 3.61% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,614,169 shares of company stock valued at $366,510,238 in the last quarter. Insiders own 4.17% of the company’s stock.

NVIDIA Stock Up 0.9%

NVDA stock opened at $143.96 on Wednesday. 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 1 year low of $86.62 and a 1 year high of $153.13. The company has a fifty day simple moving average of $119.94 and a 200 day simple moving average of $126.23. The firm has a market cap of $3.51 trillion, a PE ratio of 56.65, a PEG ratio of 1.76 and a beta of 2.12.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data 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). NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The business had revenue of $44.06 billion during the quarter, compared to analyst estimates of $43.09 billion. During the same period in the previous year, the firm posted $0.61 EPS. The firm’s revenue for the quarter was up 69.2% on a year-over-year basis. Sell-side analysts anticipate that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. The ex-dividend date is Wednesday, June 11th. NVIDIA’s dividend payout ratio is 1.29%.

Analyst Ratings Changes

NVDA has been the topic of a number of recent analyst reports. Bank of America lifted their price target on NVIDIA from $150.00 to $160.00 and gave the company a “buy” rating in a report on Wednesday, May 14th. DA Davidson lifted their price target on NVIDIA from $120.00 to $135.00 and gave the company a “neutral” rating in a report on Thursday, May 29th. Needham & Company LLC reiterated a “buy” rating and set a $160.00 price objective on shares of NVIDIA in a research note on Thursday, May 29th. Citigroup reiterated a “buy” rating and set a $180.00 price objective (up previously from $150.00) on shares of NVIDIA in a research note on Thursday, May 29th. Finally, Arete Research upgraded 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 given a hold rating, thirty-six have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat, NVIDIA currently has a consensus rating of “Moderate Buy” and a consensus target price of $171.66.

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.