NVIDIA Corporation (NASDAQ:NVDA) Shares Sold by Paladin Advisory Group LLC

Paladin Advisory Group LLC lessened its stake in NVIDIA Corporation (NASDAQ:NVDA) by 7.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,631 shares of the computer hardware maker’s stock after selling 1,206 shares during the quarter. NVIDIA comprises approximately 1.4% of Paladin Advisory Group LLC’s holdings, making the stock its 25th biggest holding. Paladin Advisory Group LLC’s holdings in NVIDIA were worth $1,694,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Tacita Capital Inc acquired a new position in NVIDIA in the fourth quarter valued at $28,000. Vision Financial Markets LLC purchased a new position in shares of NVIDIA in the 4th quarter worth about $38,000. Luken Investment Analytics LLC acquired a new position in shares of NVIDIA in the 4th quarter valued at about $40,000. Copia Wealth Management acquired a new position in shares of NVIDIA in the 4th quarter valued at about $50,000. Finally, LSV Asset Management purchased a new stake in shares of NVIDIA during the 4th quarter worth about $54,000. 65.27% of the stock is owned by hedge funds and other institutional investors.

NVIDIA Price Performance

NVDA opened at $154.31 on Thursday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.96 and a current ratio of 3.39. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $154.45. The company has a 50-day moving average of $128.75 and a 200-day moving average of $126.78. The company has a market capitalization of $3.77 trillion, a P/E ratio of 49.78, a PEG ratio of 1.31 and a beta of 2.12.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share 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 firm had revenue of $44.06 billion during the quarter, compared to the consensus estimate of $43.09 billion. During the same period in the prior year, the firm earned $0.61 earnings per share. The firm’s quarterly revenue was up 69.2% compared to the same quarter last year. Equities analysts expect that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th will be issued a $0.01 dividend. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. NVIDIA’s dividend payout ratio (DPR) is 1.29%.

Wall Street Analysts Forecast Growth

NVDA has been the topic of several research reports. Stifel Nicolaus set a $180.00 price target on shares of NVIDIA in a report on Wednesday, March 19th. Barclays increased their price objective on shares of NVIDIA from $170.00 to $200.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 17th. Mizuho raised their target price on shares of NVIDIA from $168.00 to $170.00 and gave the company an “outperform” rating in a research note on Thursday, May 29th. TD Cowen upped their price target on shares of NVIDIA from $140.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, May 29th. Finally, Summit Insights raised NVIDIA from a “hold” rating to a “buy” rating in a research report on Thursday, May 29th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-four have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $175.78.

Insider Activity at NVIDIA

In other news, Director Tench Coxe sold 1,000,000 shares of NVIDIA stock in a transaction dated 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 directly owns 26,671,360 shares of the company’s stock, valued at approximately $3,808,670,208. The trade was a 3.61% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director A Brooke Seawell sold 55,282 shares of the business’s stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $144.71, for a total transaction of $7,999,858.22. Following the sale, the director now directly owns 1,944,718 shares of the company’s stock, valued at approximately $281,420,141.78. This represents a 2.76% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,393,863 shares of company stock valued at $483,709,832. Corporate insiders own 4.17% of the company’s stock.

About NVIDIA

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.