Vanguard Capital Wealth Advisors Sells 6,342 Shares of NVIDIA Corporation (NASDAQ:NVDA)

Vanguard Capital Wealth Advisors cut its stake in NVIDIA Corporation (NASDAQ:NVDA) by 10.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 52,676 shares of the computer hardware maker’s stock after selling 6,342 shares during the period. NVIDIA comprises approximately 7.0% of Vanguard Capital Wealth Advisors’ holdings, making the stock its 3rd largest holding. Vanguard Capital Wealth Advisors’ holdings in NVIDIA were worth $5,709,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Seneca House Advisors boosted its stake in NVIDIA by 4.6% in the 1st quarter. Seneca House Advisors now owns 2,255 shares of the computer hardware maker’s stock valued at $244,000 after buying an additional 100 shares in the last quarter. Independence Bank of Kentucky lifted its holdings in shares of NVIDIA by 34.1% during the first quarter. Independence Bank of Kentucky now owns 128,306 shares of the computer hardware maker’s stock valued at $13,906,000 after acquiring an additional 32,624 shares during the period. Harrington Investments INC boosted its stake in shares of NVIDIA by 78.4% in the 1st quarter. Harrington Investments INC now owns 8,045 shares of the computer hardware maker’s stock valued at $872,000 after purchasing an additional 3,535 shares in the last quarter. KFG Wealth Management LLC boosted its stake in shares of NVIDIA by 107.6% in the 1st quarter. KFG Wealth Management LLC now owns 16,984 shares of the computer hardware maker’s stock valued at $1,841,000 after purchasing an additional 8,804 shares in the last quarter. Finally, City State Bank grew its holdings in shares of NVIDIA by 2.0% in the 1st quarter. City State Bank now owns 36,492 shares of the computer hardware maker’s stock worth $3,955,000 after purchasing an additional 717 shares during the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

Insider Activity at NVIDIA

In other news, Director Tench Coxe sold 1,000,000 shares of the business’s stock in a transaction 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 transaction, the director now owns 26,671,360 shares of the company’s stock, valued at $3,808,670,208. The trade was a 3.61% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mark A. Stevens sold 935,000 shares of the company’s stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $140.92, for a total transaction of $131,760,200.00. Following the completion of the sale, the director now owns 9,214,697 shares of the company’s stock, valued at approximately $1,298,535,101.24. This represents a 9.21% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,469,685 shares of company stock worth $349,669,962. 4.17% of the stock is currently owned by company insiders.

NVIDIA Stock Up 0.9%

Shares of NVIDIA stock opened at $145.48 on Friday. The business has a fifty day simple moving average of $125.72 and a 200 day simple moving average of $126.66. The stock has a market cap of $3.55 trillion, a PE ratio of 46.93, a price-to-earnings-growth ratio of 1.28 and a beta of 2.12. The company has a quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $153.13.

NVIDIA (NASDAQ:NVDA) last issued its earnings results 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 105.09% and a net margin of 51.69%. NVIDIA’s quarterly revenue was up 69.2% on a year-over-year basis. During the same quarter last year, the business posted $0.61 EPS. Research analysts predict that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Raymond James Financial lifted their price target on shares of NVIDIA from $150.00 to $165.00 and gave the company a “strong-buy” rating in a report on Thursday, May 29th. Tigress Financial reiterated a “buy” rating on shares of NVIDIA in a research note on Wednesday, February 26th. Barclays boosted their target price on NVIDIA from $170.00 to $200.00 and gave the stock an “overweight” rating in a report on Tuesday. Mizuho raised their price target on NVIDIA from $168.00 to $170.00 and gave the company an “outperform” rating in a report on Thursday, May 29th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $200.00 price objective on shares of NVIDIA in a research note on Wednesday, April 16th. One analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-five have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, NVIDIA has a consensus rating of “Moderate Buy” and an average price target of $173.05.

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.