NVIDIA Co. (NASDAQ:NVDA) Shares Sold by Sugar Maple Asset Management LLC

Sugar Maple Asset Management LLC trimmed its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 52.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,061 shares of the computer hardware maker’s stock after selling 4,479 shares during the quarter. Sugar Maple Asset Management LLC’s holdings in NVIDIA were worth $440,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in NVDA. Wealth Group Ltd. lifted its holdings in shares of NVIDIA by 1.8% in the 4th quarter. Wealth Group Ltd. now owns 5,702 shares of the computer hardware maker’s stock valued at $766,000 after buying an additional 100 shares during the period. Tallon Kerry Patrick purchased a new position in NVIDIA in the 4th quarter valued at approximately $972,000. Capital & Planning LLC increased its stake in NVIDIA by 16.9% in the 4th quarter. Capital & Planning LLC now owns 7,604 shares of the computer hardware maker’s stock valued at $1,021,000 after purchasing an additional 1,099 shares in the last quarter. Ironwood Wealth Management LLC. increased its stake in NVIDIA by 1.6% in the 4th quarter. Ironwood Wealth Management LLC. now owns 6,483 shares of the computer hardware maker’s stock valued at $871,000 after purchasing an additional 104 shares in the last quarter. Finally, FCG Investment Co increased its stake in NVIDIA by 7.0% in the 4th quarter. FCG Investment Co now owns 69,862 shares of the computer hardware maker’s stock valued at $9,382,000 after purchasing an additional 4,565 shares in the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Tigress Financial reaffirmed a “buy” rating on shares of NVIDIA in a research note on Wednesday, February 26th. Barclays reissued an “overweight” rating and set a $170.00 price target (up previously from $155.00) on shares of NVIDIA in a research report on Thursday, May 29th. Needham & Company LLC reissued a “buy” rating and set a $160.00 price target on shares of NVIDIA in a research report on Thursday, May 29th. Stifel Nicolaus set a $180.00 price objective on NVIDIA in a research report on Wednesday, March 19th. Finally, Summit Insights raised NVIDIA from a “hold” rating to a “buy” rating in a research report on Thursday, May 29th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-five have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $172.24.

Insider Buying and Selling

In other news, Director Aarti S. Shah sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, March 20th. The stock was 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 of the company’s stock, valued at approximately $6,300,891.36. This represents a 27.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark A. Stevens sold 190,000 shares of the company’s stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $142.51, for a total value of $27,076,900.00. Following the transaction, the director now directly owns 8,855,848 shares of the company’s stock, valued at $1,262,046,898.48. This trade represents a 2.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,560,845 shares of company stock worth $360,351,849. 4.17% of the stock is currently owned by corporate insiders.

NVIDIA Trading Down 2.1%

Shares of NVDA opened at $141.97 on Monday. The stock’s 50-day moving average is $122.77 and its two-hundred day moving average is $126.32. The stock has a market cap of $3.46 trillion, a PE ratio of 55.87, a P/E/G ratio of 1.76 and a beta of 2.12. NVIDIA Co. has a 12 month low of $86.62 and a 12 month high of $153.13. 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 (NASDAQ:NVDA) last released its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.06). NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The business had revenue of $44.06 billion during the quarter, compared to analyst estimates of $43.09 billion. During the same quarter last year, the firm posted $0.61 EPS. The company’s revenue was up 69.2% compared to the same quarter last year. Equities analysts forecast that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

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 paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. The ex-dividend date is Wednesday, June 11th. NVIDIA’s dividend payout ratio (DPR) is 1.29%.

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.