Heartwood Wealth Advisors LLC Sells 3,347 Shares of NVIDIA Corporation (NASDAQ:NVDA)

Heartwood Wealth Advisors LLC cut its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 35.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,210 shares of the computer hardware maker’s stock after selling 3,347 shares during the period. Heartwood Wealth Advisors LLC’s holdings in NVIDIA were worth $673,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Tacita Capital Inc bought a new position in shares of NVIDIA in the fourth quarter worth about $28,000. Vision Financial Markets LLC bought a new position in shares of NVIDIA in the fourth quarter worth about $38,000. Copia Wealth Management bought a new position in shares of NVIDIA in the fourth quarter worth about $50,000. Bruce G. Allen Investments LLC increased its stake in shares of 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 purchasing an additional 327 shares during the period. Finally, LSV Asset Management bought a new position in shares of NVIDIA in the fourth quarter worth about $54,000. 65.27% of the stock is currently owned by institutional investors.

NVIDIA Stock Up 1.3%

Shares of NVDA opened at $159.28 on Monday. The company has a market capitalization of $3.89 trillion, a P/E ratio of 51.38, a PEG ratio of 1.41 and a beta of 2.13. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.39 and a quick ratio of 2.96. NVIDIA Corporation has a one year low of $86.62 and a one year high of $160.98. The business’s 50 day simple moving average is $136.38 and its 200-day simple moving average is $127.81.

NVIDIA (NASDAQ:NVDA) last announced its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.06). The business had revenue of $44.06 billion during the quarter, compared to analyst estimates of $43.09 billion. NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The firm’s revenue was up 69.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.61 earnings per share. As a group, sell-side analysts predict that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The firm 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 related news, Director Mark A. Stevens sold 935,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $140.92, for a total value of $131,760,200.00. Following the completion of the transaction, the director owned 9,214,697 shares in the company, valued at $1,298,535,101.24. The trade was a 9.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $152.54, for a total transaction of $11,440,500.00. Following the completion of the transaction, the chief executive officer owned 75,548,225 shares of the company’s stock, valued at $11,524,126,241.50. This trade represents a 0.10% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,044,919 shares of company stock worth $584,414,209. Company insiders own 4.17% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on NVDA. KeyCorp set a $190.00 price objective on NVIDIA in a research note on Wednesday, March 19th. Wedbush restated an “outperform” rating on shares of NVIDIA in a research note on Thursday, May 29th. Cantor Fitzgerald restated an “overweight” rating and set a $200.00 price target on shares of NVIDIA in a research note on Wednesday, April 16th. Oppenheimer restated an “outperform” rating and set a $175.00 price target on shares of NVIDIA in a research note on Monday, June 16th. Finally, Loop Capital boosted their price target on NVIDIA from $175.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, June 25th. One research 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 given a strong buy rating to the stock. According to data from MarketBeat, NVIDIA presently has a consensus rating of “Moderate Buy” and a consensus 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.