Total Clarity Wealth Management Inc. Decreases Position in NVIDIA Corporation (NASDAQ:NVDA)

Total Clarity Wealth Management Inc. decreased its stake in NVIDIA Corporation (NASDAQ:NVDA) by 1.1% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 37,290 shares of the computer hardware maker’s stock after selling 400 shares during the quarter. NVIDIA comprises 1.4% of Total Clarity Wealth Management Inc.’s portfolio, making the stock its 14th biggest holding. Total Clarity Wealth Management Inc.’s holdings in NVIDIA were worth $4,041,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the stock. Tacita Capital Inc purchased a new position in NVIDIA during the 4th quarter worth $28,000. Vision Financial Markets LLC purchased a new position in shares of NVIDIA during the fourth quarter valued at $38,000. Copia Wealth Management bought a new stake in shares of NVIDIA in the fourth quarter valued at about $50,000. Bruce G. Allen Investments LLC lifted its stake in NVIDIA by 198.2% in the first quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker’s stock worth $53,000 after acquiring an additional 327 shares during the period. Finally, LSV Asset Management bought a new position in shares of NVIDIA during the fourth quarter valued at approximately $54,000. Institutional investors own 65.27% of the company’s stock.

Insider Activity

In other NVIDIA news, EVP Ajay K. Puri sold 168,195 shares of the stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $152.64, for a total value of $25,673,284.80. Following the sale, the executive vice president directly owned 4,018,547 shares of the company’s stock, valued at approximately $613,391,014.08. This represents a 4.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Colette Kress sold 20,000 shares of the firm’s stock in a transaction on Friday, June 20th. The shares were sold at an average price of $144.21, for a total transaction of $2,884,200.00. Following the completion of the sale, the chief financial officer owned 173,060 shares in the company, valued at $24,956,982.60. The trade was a 10.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,792,267 shares of company stock worth $544,823,117 in the last ninety days. 4.17% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts recently commented on the stock. DA Davidson boosted their price objective on shares of NVIDIA from $120.00 to $135.00 and gave the stock a “neutral” rating in a research note on Thursday, May 29th. Oppenheimer reissued an “outperform” rating and set a $175.00 price target on shares of NVIDIA in a research report on Monday, June 16th. William Blair restated an “outperform” rating on shares of NVIDIA in a research note on Thursday, March 20th. Arete Research raised NVIDIA to a “strong-buy” rating in a report on Wednesday, May 21st. Finally, Stifel Nicolaus set a $180.00 price objective on NVIDIA in a research report on Wednesday, March 19th. One 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 assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $175.78.

NVIDIA Price Performance

NVIDIA stock opened at $157.99 on Tuesday. The company has a quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $158.71. The firm has a market cap of $3.85 trillion, a PE ratio of 50.96, a price-to-earnings-growth ratio of 1.40 and a beta of 2.12. The company’s 50 day moving average is $132.18 and its two-hundred day moving average is $127.06.

NVIDIA (NASDAQ:NVDA) last released 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 company had revenue of $44.06 billion during the quarter, compared to analysts’ expectations of $43.09 billion. During the same quarter last year, the business posted $0.61 earnings per share. The company’s revenue for the quarter was up 69.2% on a year-over-year basis. On average, research analysts expect that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

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 paid a dividend of $0.01 per share. 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 payout ratio is 1.29%.

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.