RS Crum Inc. Trims Stock Position in NVIDIA Corporation (NASDAQ:NVDA)

RS Crum Inc. reduced its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 2.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,844 shares of the computer hardware maker’s stock after selling 220 shares during the quarter. RS Crum Inc.’s holdings in NVIDIA were worth $1,175,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in NVDA. Tacita Capital Inc purchased a new stake in shares of NVIDIA in the 4th quarter worth about $28,000. Vision Financial Markets LLC purchased a new stake in shares of NVIDIA in the 4th quarter worth about $38,000. Copia Wealth Management purchased a new stake in shares of NVIDIA in the 4th quarter worth about $50,000. LSV Asset Management purchased a new stake in shares of NVIDIA in the 4th quarter worth about $54,000. Finally, Bruce G. Allen Investments LLC grew its position in shares of NVIDIA by 198.2% in the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker’s stock worth $53,000 after buying an additional 327 shares during the period. 65.27% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at NVIDIA

In other news, Director Tench Coxe sold 1,000,000 shares of the stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $142.80, for a total value of $142,800,000.00. Following the transaction, the director owned 26,671,360 shares in the company, valued at $3,808,670,208. This represents a 3.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Ajay K. Puri sold 168,195 shares of the firm’s stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $152.64, for a total transaction of $25,673,284.80. Following the sale, the executive vice president owned 4,018,547 shares in the company, valued at approximately $613,391,014.08. The trade was 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 quarter. Company insiders own 4.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on NVDA. Stifel Nicolaus set a $180.00 target price on shares of NVIDIA in a research report on Wednesday, March 19th. Loop Capital upped their target price on shares of NVIDIA from $175.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, June 25th. Seaport Res Ptn raised shares of NVIDIA to a “strong sell” rating in a research report on Wednesday, April 30th. Hsbc Global Res downgraded shares of NVIDIA from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 3rd. Finally, Oppenheimer reissued an “outperform” rating and set a $175.00 price objective on shares of NVIDIA in a research report on Monday, June 16th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-four have given a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $176.19.

NVIDIA Price Performance

Shares of NASDAQ:NVDA opened at $159.28 on Friday. The firm’s 50 day moving average price is $135.41 and its 200-day moving average price is $127.64. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $160.98. The company has a quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $3.89 trillion, a PE ratio of 51.38, a price-to-earnings-growth ratio of 1.39 and a beta of 2.13.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.06). NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The business had revenue of $44.06 billion during the quarter, compared to the consensus estimate of $43.09 billion. During the same quarter last year, the company earned $0.61 EPS. NVIDIA’s revenue for the quarter was up 69.2% on a year-over-year basis. Equities research analysts expect that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

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

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.