FMB Wealth Management Cuts Stock Holdings in NVIDIA Corporation (NASDAQ:NVDA)

FMB Wealth Management lowered its position in NVIDIA Corporation (NASDAQ:NVDA) by 11.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,779 shares of the computer hardware maker’s stock after selling 2,453 shares during the period. NVIDIA comprises about 1.1% of FMB Wealth Management’s portfolio, making the stock its 23rd largest position. FMB Wealth Management’s holdings in NVIDIA were worth $2,035,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Norges Bank bought a new position in shares of NVIDIA in the fourth quarter valued at approximately $43,515,504,000. GAMMA Investing LLC lifted its holdings in NVIDIA by 12,173.2% during the first quarter. GAMMA Investing LLC now owns 48,837,781 shares of the computer hardware maker’s stock worth $5,293,039,000 after acquiring an additional 48,439,859 shares during the period. Northern Trust Corp boosted its position in NVIDIA by 15.8% in the fourth quarter. Northern Trust Corp now owns 266,454,194 shares of the computer hardware maker’s stock worth $35,782,134,000 after purchasing an additional 36,266,817 shares during the last quarter. Proficio Capital Partners LLC grew its stake in NVIDIA by 14,641.2% in the 4th quarter. Proficio Capital Partners LLC now owns 34,676,316 shares of the computer hardware maker’s stock valued at $4,656,682,000 after purchasing an additional 34,441,082 shares during the period. Finally, Assenagon Asset Management S.A. increased its position in shares of NVIDIA by 204.6% during the 1st quarter. Assenagon Asset Management S.A. now owns 35,652,571 shares of the computer hardware maker’s stock valued at $3,864,026,000 after purchasing an additional 23,948,733 shares during the last quarter. 65.27% of the stock is owned by institutional investors.

Insider Buying and Selling at NVIDIA

In other news, Director Mark A. Stevens sold 125,836 shares of NVIDIA stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $137.79, for a total transaction of $17,338,942.44. Following the completion of the sale, the director now directly owns 10,149,697 shares of the company’s stock, valued at approximately $1,398,526,749.63. The trade was a 1.22% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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 transaction of $6,741,000.00. Following the completion of the transaction, the director now owns 201,044 shares of the company’s stock, valued at $27,104,752.08. This trade represents a 19.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,468,863 shares of company stock worth $495,150,332 over the last three months. 4.17% of the stock is owned by insiders.

NVIDIA Stock Up 0.5%

NVDA opened at $155.02 on Friday. The firm has a market capitalization of $3.78 trillion, a P/E ratio of 50.01, a price-to-earnings-growth ratio of 1.36 and a beta of 2.12. NVIDIA Corporation has a one year low of $86.62 and a one year high of $156.72. The company has a fifty day moving average price of $129.83 and a 200-day moving average price of $126.89. 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 EPS for the quarter, missing the consensus estimate 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 analysts’ expectations of $43.09 billion. During the same quarter in the previous year, the firm earned $0.61 earnings per share. NVIDIA’s quarterly revenue was up 69.2% compared to the same quarter last year. Equities research analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th will be paid 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 currently 1.29%.

Wall Street Analysts Forecast Growth

NVDA has been the topic of a number of recent analyst reports. DZ Bank upgraded NVIDIA from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 28th. William Blair restated an “outperform” rating on shares of NVIDIA in a report on Thursday, March 20th. DA Davidson boosted their target price on shares of NVIDIA from $120.00 to $135.00 and gave the company a “neutral” rating in a research note on Thursday, May 29th. Rosenblatt Securities raised their price target on shares of NVIDIA from $178.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, May 29th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $180.00 price objective (up previously from $150.00) on shares of NVIDIA in a research note on Wednesday, May 28th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-four have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $175.78.

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.