NVIDIA Corporation (NASDAQ:NVDA) Stake Lessened by Moseley Investment Management Inc.

Moseley Investment Management Inc. reduced its position in NVIDIA Corporation (NASDAQ:NVDA) by 30.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 57,947 shares of the computer hardware maker’s stock after selling 25,868 shares during the period. NVIDIA makes up about 2.5% of Moseley Investment Management Inc.’s investment portfolio, making the stock its 10th biggest position. Moseley Investment Management Inc.’s holdings in NVIDIA were worth $6,280,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Gibson Capital LLC raised its holdings in NVIDIA by 4.7% in the 1st quarter. Gibson Capital LLC now owns 16,140 shares of the computer hardware maker’s stock worth $1,749,000 after purchasing an additional 730 shares during the period. Petredis Investment Advisors LLC raised its holdings in NVIDIA by 0.6% in the 1st quarter. Petredis Investment Advisors LLC now owns 418,286 shares of the computer hardware maker’s stock worth $45,334,000 after purchasing an additional 2,539 shares during the period. Financial Council LLC lifted its position in shares of NVIDIA by 1.0% in the first quarter. Financial Council LLC now owns 19,246 shares of the computer hardware maker’s stock valued at $2,086,000 after acquiring an additional 185 shares in the last quarter. Curated Wealth Partners LLC lifted its position in shares of NVIDIA by 21.4% in the first quarter. Curated Wealth Partners LLC now owns 35,270 shares of the computer hardware maker’s stock valued at $3,823,000 after acquiring an additional 6,219 shares in the last quarter. Finally, Dividend Assets Capital LLC lifted its position in shares of NVIDIA by 3.5% in the first quarter. Dividend Assets Capital LLC now owns 8,358 shares of the computer hardware maker’s stock valued at $906,000 after acquiring an additional 280 shares in the last quarter. 65.27% of the stock is owned by institutional investors.

NVIDIA Trading Up 2.6%

Shares of NASDAQ NVDA opened at $147.90 on Wednesday. The business’s 50 day moving average is $127.76 and its two-hundred day moving average is $126.59. 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 Corporation has a 1-year low of $86.62 and a 1-year high of $153.13. The stock has a market capitalization of $3.61 trillion, a P/E ratio of 47.71, a PEG ratio of 1.27 and a beta of 2.12.

NVIDIA (NASDAQ:NVDA) last announced its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.06). NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The business had revenue of $44.06 billion for the quarter, compared to analysts’ expectations of $43.09 billion. During the same quarter last year, the firm earned $0.61 EPS. The firm’s quarterly revenue was up 69.2% on a year-over-year basis. As a group, research analysts expect 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 dividend of $0.01 per share. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. NVIDIA’s dividend payout ratio (DPR) is presently 1.29%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on NVDA. Stifel Nicolaus set a $180.00 price objective on NVIDIA in a research report on Wednesday, March 19th. Seaport Res Ptn upgraded NVIDIA to a “strong sell” rating in a research report on Wednesday, April 30th. Morgan Stanley restated an “overweight” rating and issued a $170.00 price objective (up from $160.00) on shares of NVIDIA in a research report on Thursday, May 29th. DA Davidson boosted their price objective on NVIDIA from $120.00 to $135.00 and gave the company a “neutral” rating in a research report on Thursday, May 29th. Finally, Piper Sandler restated an “overweight” rating and issued a $180.00 price objective (up from $150.00) on shares of NVIDIA in a research report on Wednesday, May 28th. One analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-four have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $173.69.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director Robert K. Burgess sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $134.82, for a total transaction of $6,741,000.00. Following the completion of the transaction, the director now owns 201,044 shares in the company, valued at $27,104,752.08. The trade was a 19.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director A Brooke Seawell sold 55,282 shares of the business’s stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $144.71, for a total value of $7,999,858.22. Following the transaction, the director now owns 1,944,718 shares of the company’s stock, valued at $281,420,141.78. This trade represents a 2.76% decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,393,863 shares of company stock worth $483,709,832 over the last 90 days. Company insiders own 4.17% of the company’s stock.

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.