NVIDIA Corporation (NASDAQ:NVDA) Shares Sold by Tudor Financial Inc.

Tudor Financial Inc. lowered its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 4.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,802 shares of the computer hardware maker’s stock after selling 730 shares during the quarter. NVIDIA accounts for 1.0% of Tudor Financial Inc.’s holdings, making the stock its 29th biggest position. Tudor Financial Inc.’s holdings in NVIDIA were worth $1,604,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Defined Wealth Management LLC grew its position in NVIDIA by 9.0% during the first quarter. Defined Wealth Management LLC now owns 2,912 shares of the computer hardware maker’s stock valued at $316,000 after buying an additional 241 shares during the period. Sound Stewardship LLC grew its position in NVIDIA by 26.4% during the first quarter. Sound Stewardship LLC now owns 3,177 shares of the computer hardware maker’s stock valued at $344,000 after buying an additional 663 shares during the period. Everhart Financial Group Inc. grew its position in NVIDIA by 3.2% during the first quarter. Everhart Financial Group Inc. now owns 204,845 shares of the computer hardware maker’s stock valued at $22,201,000 after buying an additional 6,307 shares during the period. Puff Wealth Management LLC grew its position in NVIDIA by 8.3% during the first quarter. Puff Wealth Management LLC now owns 14,274 shares of the computer hardware maker’s stock valued at $1,547,000 after buying an additional 1,088 shares during the period. Finally, Hilltop Wealth Advisors LLC grew its position in NVIDIA by 35.0% during the first quarter. Hilltop Wealth Advisors LLC now owns 6,672 shares of the computer hardware maker’s stock valued at $723,000 after buying an additional 1,728 shares during the period. Institutional investors and hedge funds own 65.27% of the company’s stock.

Insider Activity

In other news, Director Robert K. Burgess sold 50,000 shares of NVIDIA stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $134.82, for a total transaction of $6,741,000.00. Following the sale, the director now owns 201,044 shares of the company’s stock, valued at approximately $27,104,752.08. The trade was a 19.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Tench Coxe sold 1,000,000 shares of NVIDIA stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $142.80, for a total transaction of $142,800,000.00. Following the sale, the director now directly owns 26,671,360 shares in the company, valued at approximately $3,808,670,208. The trade was a 3.61% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,792,267 shares of company stock valued at $544,823,117. 4.17% of the stock is currently owned by company insiders.

NVIDIA Price Performance

Shares of NVDA stock opened at $157.75 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.39 and a quick ratio of 2.96. The company has a market capitalization of $3.85 trillion, a PE ratio of 50.89, a price-to-earnings-growth ratio of 1.40 and a beta of 2.12. The firm’s 50-day moving average is $130.96 and its two-hundred day moving average is $126.97. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $158.71.

NVIDIA (NASDAQ:NVDA) last released its quarterly 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). The firm had revenue of $44.06 billion for the quarter, compared to analysts’ expectations of $43.09 billion. NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The firm’s quarterly revenue was up 69.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.61 EPS. Analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

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 given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. The ex-dividend date is Wednesday, June 11th. NVIDIA’s payout ratio is presently 1.29%.

Analysts Set New Price Targets

Several analysts recently commented on NVDA shares. Rosenblatt Securities raised their price target on shares of NVIDIA from $178.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, May 29th. Raymond James Financial increased their price objective on shares of NVIDIA from $150.00 to $165.00 and gave the company a “strong-buy” rating in a report on Thursday, May 29th. UBS Group reaffirmed a “buy” rating on shares of NVIDIA in a report on Friday, May 23rd. TD Cowen increased their price objective on shares of NVIDIA from $140.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, May 29th. Finally, Arete Research raised shares of NVIDIA to a “strong-buy” rating in a report on Wednesday, May 21st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, thirty-four have given a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, NVIDIA presently has an average 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.