Defined Financial Planning LLC Cuts Stock Holdings in NVIDIA Corporation (NASDAQ:NVDA)

Defined Financial Planning LLC lowered its position in NVIDIA Corporation (NASDAQ:NVDA) by 8.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,271 shares of the computer hardware maker’s stock after selling 1,569 shares during the period. NVIDIA comprises approximately 1.8% of Defined Financial Planning LLC’s holdings, making the stock its 17th largest position. Defined Financial Planning LLC’s holdings in NVIDIA were worth $1,792,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the business. Kelly Financial Services LLC lifted its holdings in shares of NVIDIA by 2.0% in the 1st quarter. Kelly Financial Services LLC now owns 4,736 shares of the computer hardware maker’s stock valued at $513,000 after buying an additional 94 shares during the period. Members Wealth LLC grew its holdings in NVIDIA by 7.2% during the first quarter. Members Wealth LLC now owns 13,208 shares of the computer hardware maker’s stock worth $1,432,000 after acquiring an additional 886 shares during the period. Sapient Capital LLC raised its position in NVIDIA by 0.7% in the first quarter. Sapient Capital LLC now owns 811,622 shares of the computer hardware maker’s stock worth $87,972,000 after acquiring an additional 5,476 shares in the last quarter. Total Wealth Planning LLC lifted its holdings in NVIDIA by 7.7% in the first quarter. Total Wealth Planning LLC now owns 2,388 shares of the computer hardware maker’s stock valued at $259,000 after acquiring an additional 171 shares during the period. Finally, Simon Quick Advisors LLC boosted its position in shares of NVIDIA by 17.1% during the 1st quarter. Simon Quick Advisors LLC now owns 161,121 shares of the computer hardware maker’s stock worth $17,462,000 after purchasing an additional 23,472 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

NVIDIA Stock Up 0.5%

NASDAQ NVDA opened at $155.02 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.96 and a current ratio of 3.39. The firm has a 50-day simple moving average of $129.83 and a 200 day simple moving average of $126.89. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $156.72. The stock has a market cap of $3.78 trillion, a PE ratio of 50.01, a PEG ratio of 1.36 and a beta of 2.12.

NVIDIA (NASDAQ:NVDA) last posted its quarterly 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 business had revenue of $44.06 billion for the quarter, compared to analyst estimates of $43.09 billion. During the same quarter in the prior year, the firm earned $0.61 EPS. The firm’s quarterly revenue was up 69.2% on a year-over-year basis. On average, research analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

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

Insider Buying and Selling

In other NVIDIA news, Director Tench Coxe sold 1,000,000 shares of the firm’s 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 sale, the director now owns 26,671,360 shares in the company, valued at approximately $3,808,670,208. This trade represents a 3.61% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Robert K. Burgess sold 50,000 shares of the company’s stock in a transaction on Friday, May 30th. The stock was sold at an average price of $134.82, for a total value of $6,741,000.00. Following the transaction, the director now directly owns 201,044 shares in the company, valued at approximately $27,104,752.08. This represents a 19.92% decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,468,863 shares of company stock worth $495,150,332 in the last quarter. 4.17% of the stock is owned by corporate insiders.

Analyst Ratings Changes

NVDA has been the subject of several recent analyst reports. Susquehanna reiterated a “positive” rating and issued a $180.00 price objective on shares of NVIDIA in a research note on Wednesday, March 19th. KeyCorp set a $190.00 price target on shares of NVIDIA in a research report on Wednesday, March 19th. DA Davidson boosted their price target on NVIDIA from $120.00 to $135.00 and gave the stock a “neutral” rating in a research note on Thursday, May 29th. Raymond James Financial raised their price objective on NVIDIA from $150.00 to $165.00 and gave the company a “strong-buy” rating in a research note on Thursday, May 29th. Finally, Seaport Res Ptn raised NVIDIA to a “strong sell” rating in a report on Wednesday, April 30th. One equities research 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 given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $175.78.

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.