Better Money Decisions LLC Sells 909 Shares of NVIDIA Co. (NASDAQ:NVDA)

Better Money Decisions LLC lessened its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 8.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,962 shares of the computer hardware maker’s stock after selling 909 shares during the period. NVIDIA makes up approximately 0.7% of Better Money Decisions LLC’s investment portfolio, making the stock its 27th largest position. Better Money Decisions LLC’s holdings in NVIDIA were worth $1,080,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Tacita Capital Inc bought a new stake in shares of NVIDIA in the fourth quarter valued at approximately $28,000. Vision Financial Markets LLC bought a new stake in shares of NVIDIA in the fourth quarter valued at approximately $38,000. Luken Investment Analytics LLC bought a new stake in shares of NVIDIA in the fourth quarter valued at approximately $40,000. Copia Wealth Management bought a new stake in shares of NVIDIA in the fourth quarter valued at approximately $50,000. Finally, LSV Asset Management bought a new stake in shares of NVIDIA in the fourth quarter valued at approximately $54,000. Institutional investors own 65.27% of the company’s stock.

Insider Activity at NVIDIA

In related news, CFO Colette Kress sold 66,660 shares of the firm’s stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $116.83, for a total value of $7,787,887.80. Following the transaction, the chief financial officer now owns 3,085,765 shares of the company’s stock, valued at approximately $360,509,924.95. This trade represents a 2.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Aarti S. Shah sold 20,000 shares of the firm’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 completion of the transaction, the director now directly owns 53,208 shares in the company, valued at approximately $6,300,891.36. The trade was a 27.32% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,560,845 shares of company stock valued at $360,351,849. 4.17% of the stock is owned by corporate insiders.

NVIDIA Price Performance

NVDA stock opened at $141.97 on Monday. The stock has a market capitalization of $3.46 trillion, a PE ratio of 55.87, a price-to-earnings-growth ratio of 1.76 and a beta of 2.12. The company’s 50-day moving average is $122.77 and its 200-day moving average is $126.32. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. NVIDIA Co. has a 1 year low of $86.62 and a 1 year high of $153.13.

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 analysts’ consensus estimates of $0.87 by ($0.06). The company 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%. NVIDIA’s revenue for the quarter was up 69.2% compared to the same quarter last year. During the same period last year, the company earned $0.61 EPS. Equities research analysts expect that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

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

Wall Street Analyst Weigh In

NVDA has been the subject of several research analyst reports. TD Cowen boosted their price objective on shares of NVIDIA from $140.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, May 29th. Tigress Financial restated a “buy” rating on shares of NVIDIA in a research report on Wednesday, February 26th. Morgan Stanley restated an “overweight” rating and set a $170.00 price objective (up from $160.00) on shares of NVIDIA in a research report on Thursday, May 29th. Barclays reiterated an “overweight” rating and set a $170.00 price target (up from $155.00) on shares of NVIDIA in a report on Thursday, May 29th. Finally, Seaport Res Ptn upgraded shares of NVIDIA to a “strong sell” rating in a report on Wednesday, April 30th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-five have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, NVIDIA presently has an average rating of “Moderate Buy” and a consensus target price of $172.24.

NVIDIA 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.