NVIDIA Corporation (NASDAQ:NVDA) Shares Sold by Mezzasalma Advisors LLC

Mezzasalma Advisors LLC lowered its stake in NVIDIA Corporation (NASDAQ:NVDA) by 1.1% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 137,125 shares of the computer hardware maker’s stock after selling 1,476 shares during the period. NVIDIA makes up 5.1% of Mezzasalma Advisors LLC’s portfolio, making the stock its 4th largest holding. Mezzasalma Advisors LLC’s holdings in NVIDIA were worth $14,862,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Shepherd Financial Partners LLC increased its position in NVIDIA by 14.6% during the 1st quarter. Shepherd Financial Partners LLC now owns 97,162 shares of the computer hardware maker’s stock worth $10,530,000 after buying an additional 12,402 shares during the period. Cushing Capital Partners LLC grew its stake in shares of NVIDIA by 16.8% in the first quarter. Cushing Capital Partners LLC now owns 3,724 shares of the computer hardware maker’s stock valued at $404,000 after acquiring an additional 537 shares in the last quarter. Clarius Group LLC increased its position in NVIDIA by 14.4% during the first quarter. Clarius Group LLC now owns 232,397 shares of the computer hardware maker’s stock worth $25,187,000 after acquiring an additional 29,293 shares during the period. Hemenway Trust Co LLC raised its stake in NVIDIA by 0.3% in the 1st quarter. Hemenway Trust Co LLC now owns 452,367 shares of the computer hardware maker’s stock worth $49,028,000 after purchasing an additional 1,353 shares in the last quarter. Finally, Financial Perspectives Inc raised its stake in NVIDIA by 2.8% in the 1st quarter. Financial Perspectives Inc now owns 45,958 shares of the computer hardware maker’s stock worth $4,981,000 after purchasing an additional 1,265 shares in the last quarter. 65.27% of the stock is owned by institutional investors.

NVIDIA Stock Performance

Shares of NVDA stock opened at $159.28 on Friday. The firm has a market capitalization of $3.89 trillion, a price-to-earnings ratio of 51.38, a PEG ratio of 1.41 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. The business’s 50-day moving average price is $136.38 and its 200-day moving average price is $127.84. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $160.98.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data 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 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 business earned $0.61 EPS. The firm’s quarterly revenue was up 69.2% compared to the same quarter last year. Equities research analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on NVDA shares. KeyCorp set a $190.00 target price on shares of NVIDIA in a research report on Wednesday, March 19th. Seaport Res Ptn raised NVIDIA to a “strong sell” rating in a research report on Wednesday, April 30th. Citigroup restated a “buy” rating and set a $180.00 price objective (up previously from $150.00) on shares of NVIDIA in a research note on Thursday, May 29th. DA Davidson raised their price target on NVIDIA from $120.00 to $135.00 and gave the stock a “neutral” rating in a research report on Thursday, May 29th. Finally, Hsbc Global Res cut shares of NVIDIA from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 3rd. One investment 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 issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $176.19.

Insider Buying and Selling

In other NVIDIA news, Director A Brooke Seawell sold 51,740 shares of the company’s stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $154.62, for a total value of $8,000,038.80. Following the sale, the director owned 1,576,709 shares in the company, valued at approximately $243,790,745.58. The trade was a 3.18% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $157.53, for a total value of $11,814,750.00. Following the completion of the sale, the chief executive officer directly owned 75,323,225 shares of the company’s stock, valued at approximately $11,865,667,634.25. The trade was a 0.10% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,044,919 shares of company stock valued at $584,414,209 over the last 90 days. 4.17% of the stock is owned by 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.