NVIDIA Corporation (NASDAQ:NVDA) Shares Sold by Searcy Financial Services Inc. ADV

Searcy Financial Services Inc. ADV lessened its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 2.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,771 shares of the computer hardware maker’s stock after selling 111 shares during the period. NVIDIA makes up 0.2% of Searcy Financial Services Inc. ADV’s investment portfolio, making the stock its 19th largest position. Searcy Financial Services Inc. ADV’s holdings in NVIDIA were worth $409,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of NVDA. Variant Private Wealth LLC raised its position in NVIDIA by 20.6% in the first quarter. Variant Private Wealth LLC now owns 18,800 shares of the computer hardware maker’s stock valued at $2,038,000 after purchasing an additional 3,206 shares during the period. Hickory Point Bank & Trust acquired a new stake in shares of NVIDIA in the fourth quarter valued at $2,272,000. BTC Capital Management Inc. grew its stake in shares of NVIDIA by 2.3% in the first quarter. BTC Capital Management Inc. now owns 330,176 shares of the computer hardware maker’s stock valued at $35,785,000 after buying an additional 7,476 shares in the last quarter. Capital Performance Advisors LLP raised its holdings in shares of NVIDIA by 59.3% in the 4th quarter. Capital Performance Advisors LLP now owns 26,700 shares of the computer hardware maker’s stock valued at $3,586,000 after buying an additional 9,944 shares during the period. Finally, Waddell & Associates LLC raised its holdings in shares of NVIDIA by 1.2% in the 4th quarter. Waddell & Associates LLC now owns 24,124 shares of the computer hardware maker’s stock valued at $3,240,000 after buying an additional 297 shares during the period. Institutional investors and hedge funds own 65.27% of the company’s stock.

Wall Street Analysts Forecast Growth

NVDA has been the subject of a number of research analyst reports. Loop Capital raised their target price on NVIDIA from $175.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, June 25th. Wedbush reissued an “outperform” rating on shares of NVIDIA in a research note on Thursday, May 29th. KeyCorp set a $190.00 price objective on shares of NVIDIA in a report on Wednesday, March 19th. TD Cowen increased their target price on shares of NVIDIA from $140.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, May 29th. Finally, Arete Research raised shares of NVIDIA to a “strong-buy” rating in a research report on Wednesday, May 21st. One research analyst has rated the stock with a sell rating, four have given a hold rating, thirty-four have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $176.19.

NVIDIA Trading Up 1.3%

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

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share 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 period last year, the firm earned $0.61 earnings per share. NVIDIA’s revenue was up 69.2% on a year-over-year basis. On average, equities analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

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

Insider Activity at NVIDIA

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $157.53, for a total transaction of $11,814,750.00. Following the transaction, the chief executive officer owned 75,323,225 shares of the company’s stock, valued at $11,865,667,634.25. The trade was a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director A Brooke Seawell sold 51,740 shares of the business’s stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $154.62, for a total value of $8,000,038.80. Following the completion of the sale, the director owned 1,576,709 shares of the company’s stock, valued at approximately $243,790,745.58. This represents a 3.18% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,044,919 shares of company stock valued at $584,414,209 in the last three months. 4.17% of the stock is currently owned by company insiders.

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.