NVIDIA Corporation (NASDAQ:NVDA) is Bfsg LLC’s 5th Largest Position

Bfsg LLC decreased its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 6.9% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 171,341 shares of the computer hardware maker’s stock after selling 12,681 shares during the quarter. NVIDIA accounts for approximately 2.3% of Bfsg LLC’s holdings, making the stock its 5th biggest position. Bfsg LLC’s holdings in NVIDIA were worth $18,570,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of NVDA. SC&H Financial Advisors Inc. boosted its stake in NVIDIA by 1.6% in the 4th quarter. SC&H Financial Advisors Inc. now owns 5,074 shares of the computer hardware maker’s stock worth $681,000 after purchasing an additional 80 shares during the period. DecisionPoint Financial LLC raised its holdings in shares of NVIDIA by 2.9% during the 4th quarter. DecisionPoint Financial LLC now owns 2,878 shares of the computer hardware maker’s stock worth $386,000 after acquiring an additional 80 shares in the last quarter. BCR Wealth Strategies LLC raised its holdings in shares of NVIDIA by 3.1% during the 4th quarter. BCR Wealth Strategies LLC now owns 2,919 shares of the computer hardware maker’s stock worth $391,000 after acquiring an additional 89 shares in the last quarter. Condor Capital Management raised its holdings in shares of NVIDIA by 3.6% during the 4th quarter. Condor Capital Management now owns 2,559 shares of the computer hardware maker’s stock worth $344,000 after acquiring an additional 89 shares in the last quarter. Finally, Squire Investment Management Company LLC raised its holdings in shares of NVIDIA by 4.0% during the 4th quarter. Squire Investment Management Company LLC now owns 2,360 shares of the computer hardware maker’s stock worth $317,000 after acquiring an additional 91 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

NVIDIA Stock Performance

Shares of NVIDIA stock opened at $159.28 on Friday. The firm has a market cap of $3.89 trillion, a P/E ratio of 51.38, a P/E/G ratio of 1.39 and a beta of 2.13. The company has a current ratio of 3.39, a quick ratio of 2.96 and a debt-to-equity ratio of 0.10. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $160.98. The stock’s fifty day moving average price is $135.41 and its 200-day moving average price is $127.64.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm earned $0.61 EPS. NVIDIA’s revenue for the quarter was up 69.2% on a year-over-year basis. On average, 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 was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th were paid a $0.01 dividend. The ex-dividend date of this dividend was Wednesday, June 11th. This represents a $0.04 annualized dividend and a yield of 0.03%. NVIDIA’s dividend payout ratio (DPR) is presently 1.29%.

Insider Buying and Selling

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $152.54, for a total value of $11,440,500.00. Following the transaction, the chief executive officer owned 75,548,225 shares in the company, valued at $11,524,126,241.50. The trade was a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Ajay K. Puri sold 168,195 shares of NVIDIA stock in a transaction dated 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 completion of the transaction, the executive vice president owned 4,018,547 shares in the company, valued at $613,391,014.08. This trade represents a 4.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 4,044,919 shares of company stock worth $584,414,209 over the last ninety days. 4.17% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have recently issued reports on NVDA shares. Bank of America upped their price objective on NVIDIA from $150.00 to $160.00 and gave the stock a “buy” rating in a report on Wednesday, May 14th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $200.00 price objective on shares of NVIDIA in a report on Wednesday, April 16th. Stifel Nicolaus set a $180.00 price objective on NVIDIA in a report on Wednesday, March 19th. Needham & Company LLC restated a “buy” rating and set a $160.00 price target on shares of NVIDIA in a report on Thursday, May 29th. Finally, Raymond James Financial increased their price target on NVIDIA from $150.00 to $165.00 and gave the company a “strong-buy” rating in a report on Thursday, May 29th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-four have given a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, NVIDIA currently has a consensus rating of “Moderate Buy” and an average price target of $176.19.

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.