NVIDIA Co. (NASDAQ:NVDA) Shares Sold by Vantage Wealth

Vantage Wealth cut its stake in NVIDIA Co. (NASDAQ:NVDA) by 2.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,512 shares of the computer hardware maker’s stock after selling 1,103 shares during the period. NVIDIA accounts for approximately 1.0% of Vantage Wealth’s investment portfolio, making the stock its 25th largest holding. Vantage Wealth’s holdings in NVIDIA were worth $4,282,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Tacita Capital Inc acquired a new stake in NVIDIA in the fourth quarter worth $28,000. Vision Financial Markets LLC bought a new position in shares of NVIDIA in the fourth quarter worth $38,000. Luken Investment Analytics LLC bought a new position in shares of NVIDIA in the fourth quarter worth $40,000. Copia Wealth Management bought a new position in shares of NVIDIA in the fourth quarter worth $50,000. Finally, LSV Asset Management bought a new position in shares of NVIDIA in the fourth quarter worth $54,000. 65.27% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently issued reports on NVDA. Piper Sandler reissued an “overweight” rating and issued a $180.00 price target (up previously from $150.00) on shares of NVIDIA in a research note on Wednesday, May 28th. Truist Financial increased their price target on NVIDIA from $205.00 to $210.00 and gave the stock a “buy” rating in a research note on Thursday, May 29th. Mizuho increased their price target on NVIDIA from $168.00 to $170.00 and gave the stock an “outperform” rating in a research note on Thursday, May 29th. Bank of America increased their price target on NVIDIA from $150.00 to $160.00 and gave the stock a “buy” rating in a research note on Wednesday, May 14th. Finally, Benchmark reissued a “buy” rating and issued a $190.00 price target on shares of NVIDIA in a research note on Thursday, May 29th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-five have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $172.24.

NVIDIA Trading Down 2.1%

NASDAQ:NVDA opened at $141.97 on Friday. The company has a quick ratio of 3.64, a current ratio of 4.10 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 firm has a market capitalization of $3.46 trillion, a price-to-earnings ratio of 55.87, a price-to-earnings-growth ratio of 1.76 and a beta of 2.12. The stock has a fifty day simple moving average of $122.77 and a 200 day simple moving average of $126.44.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.06). The company had revenue of $44.06 billion during the quarter, compared to analyst estimates of $43.09 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The company’s revenue for the quarter was up 69.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.61 EPS. Sell-side analysts forecast that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.03%. The ex-dividend date of this dividend is Wednesday, June 11th. NVIDIA’s dividend payout ratio is currently 1.29%.

Insider Buying and Selling

In related news, Director Aarti S. Shah sold 20,000 shares of the stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $118.42, for a total value of $2,368,400.00. Following the completion of the sale, the director now directly owns 53,208 shares of the company’s stock, valued at approximately $6,300,891.36. This represents a 27.32% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $116.80, for a total value of $525,600.00. Following the completion of the sale, the insider now directly 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 2,560,845 shares of company stock valued at $360,351,849. Corporate insiders own 4.17% of the company’s stock.

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.