Aubrey Capital Management Ltd Sells 2,400 Shares of NVIDIA Corporation (NASDAQ:NVDA)

Aubrey Capital Management Ltd reduced its position in shares of NVIDIA Corporation (NASDAQ:NVDA) by 7.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,000 shares of the computer hardware maker’s stock after selling 2,400 shares during the quarter. NVIDIA accounts for approximately 1.3% of Aubrey Capital Management Ltd’s investment portfolio, making the stock its 27th biggest holding. Aubrey Capital Management Ltd’s holdings in NVIDIA were worth $3,149,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the company. Norges Bank acquired a new position in shares of NVIDIA in the fourth quarter valued at $43,515,504,000. GAMMA Investing LLC boosted its stake in shares of NVIDIA by 12,173.2% in the first quarter. GAMMA Investing LLC now owns 48,837,781 shares of the computer hardware maker’s stock valued at $5,293,039,000 after buying an additional 48,439,859 shares during the period. Northern Trust Corp grew its holdings in shares of NVIDIA by 15.8% during the 4th 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 in the last quarter. Proficio Capital Partners LLC increased its holdings 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 buying an additional 34,441,082 shares during the period. Finally, Assenagon Asset Management S.A. raised its position in NVIDIA by 204.6% during the first 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 in the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

NVIDIA Stock Performance

Shares of NVDA opened at $157.75 on Friday. The stock’s fifty day moving average price is $130.96 and its two-hundred day moving average price is $127.05. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $158.71. The firm has a market cap of $3.85 trillion, a PE ratio of 50.89, a PEG ratio of 1.37 and a beta of 2.12. 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 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). 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 the consensus estimate of $43.09 billion. During the same period in the previous year, the firm earned $0.61 EPS. The company’s revenue was up 69.2% compared to the same quarter last year. On average, equities research analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

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

Insider Buying and Selling

In related news, Director A Brooke Seawell sold 50,980 shares of the stock in a transaction on Friday, June 27th. The stock was sold at an average price of $156.92, for a total value of $7,999,781.60. Following the transaction, the director now owns 1,679,361 shares of the company’s stock, valued at $263,525,328.12. This represents a 2.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 value of $6,741,000.00. Following the completion of the sale, the director now owns 201,044 shares of the company’s stock, valued at $27,104,752.08. The trade was a 19.92% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,792,267 shares of company stock worth $544,823,117 over the last ninety days. 4.17% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. DA Davidson raised their price target 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. UBS Group restated a “buy” rating on shares of NVIDIA in a research report on Friday, May 23rd. Morgan Stanley reiterated an “overweight” rating and set a $170.00 price target (up from $160.00) on shares of NVIDIA in a report on Thursday, May 29th. Citigroup reiterated a “buy” rating and set a $180.00 target price (up previously from $150.00) on shares of NVIDIA in a research report on Thursday, May 29th. Finally, HSBC downgraded NVIDIA from a “buy” rating to a “hold” rating and set a $120.00 price objective for the company. in a report on Thursday, April 3rd. One research analyst has rated the stock with a sell rating, four have given a hold rating, thirty-four have issued a buy rating and three have assigned a strong buy rating to the stock. 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.