Sandbox Financial Partners LLC Has $5.31 Million Holdings in NVIDIA Corporation (NASDAQ:NVDA)

Sandbox Financial Partners LLC cut its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA) by 1.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 48,997 shares of the computer hardware maker’s stock after selling 730 shares during the period. NVIDIA accounts for approximately 1.9% of Sandbox Financial Partners LLC’s holdings, making the stock its 16th biggest holding. Sandbox Financial Partners LLC’s holdings in NVIDIA were worth $5,310,000 at the end of the most recent quarter.

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

Insider Buying and Selling at NVIDIA

In related news, Director Mark A. Stevens sold 190,000 shares of the company’s stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $142.51, for a total value of $27,076,900.00. Following the sale, the director now directly owns 8,855,848 shares in the company, valued at $1,262,046,898.48. This represents a 2.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Tench Coxe sold 1,000,000 shares of the company’s stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $142.80, for a total value of $142,800,000.00. Following the completion of the sale, the director now owns 26,671,360 shares in the company, valued at $3,808,670,208. The trade was a 3.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,540,845 shares of company stock worth $357,983,449 over the last 90 days. Insiders own 4.17% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on NVDA. Susquehanna reissued a “positive” rating and set a $180.00 target price on shares of NVIDIA in a research note on Wednesday, March 19th. Hsbc Global Res cut NVIDIA from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 3rd. Morgan Stanley reissued an “overweight” rating and set a $170.00 target price (up from $160.00) on shares of NVIDIA in a research note on Thursday, May 29th. Summit Insights raised NVIDIA from a “hold” rating to a “buy” rating in a research note on Thursday, May 29th. Finally, KeyCorp set a $190.00 target price on NVIDIA in a research note on Wednesday, March 19th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-five have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, NVIDIA has an average rating of “Moderate Buy” and an average price target of $173.05.

NVIDIA Trading Up 0.9%

Shares of NVIDIA stock opened at $145.48 on Thursday. The business has a fifty day simple moving average of $124.96 and a two-hundred day simple moving average of $126.62. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $153.13. The company has a market capitalization of $3.55 trillion, a price-to-earnings ratio of 46.93, a P/E/G ratio of 1.27 and a beta of 2.12. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.39 and a quick ratio of 2.96.

NVIDIA (NASDAQ:NVDA) last posted its 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). NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The firm had revenue of $44.06 billion for the quarter, compared to analyst estimates of $43.09 billion. During the same period in the prior year, the business posted $0.61 EPS. The firm’s quarterly revenue was up 69.2% compared to the same quarter last year. Research analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The firm 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 $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. The ex-dividend date of this dividend is Wednesday, June 11th. NVIDIA’s dividend payout ratio is presently 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.