NVIDIA Corporation (NASDAQ:NVDA) Stake Decreased by Premier Path Wealth Partners LLC

Premier Path Wealth Partners LLC lowered its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 1.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 138,002 shares of the computer hardware maker’s stock after selling 1,332 shares during the quarter. NVIDIA accounts for 2.3% of Premier Path Wealth Partners LLC’s investment portfolio, making the stock its 4th biggest position. Premier Path Wealth Partners LLC’s holdings in NVIDIA were worth $14,957,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently made changes to their positions in NVDA. Montz Harcus Wealth Management LLC grew its holdings in shares of NVIDIA by 4.1% during the 1st quarter. Montz Harcus Wealth Management LLC now owns 19,223 shares of the computer hardware maker’s stock valued at $2,083,000 after purchasing an additional 754 shares during the last quarter. WestHill Financial Advisors Inc. grew its holdings in shares of NVIDIA by 1.8% during the 1st quarter. WestHill Financial Advisors Inc. now owns 9,523 shares of the computer hardware maker’s stock valued at $1,032,000 after purchasing an additional 168 shares during the last quarter. Centennial Wealth Advisory LLC grew its holdings in shares of NVIDIA by 7.5% during the 1st quarter. Centennial Wealth Advisory LLC now owns 24,446 shares of the computer hardware maker’s stock valued at $2,649,000 after purchasing an additional 1,695 shares during the last quarter. Bigelow Investment Advisors LLC grew its holdings in shares of NVIDIA by 0.5% during the 1st quarter. Bigelow Investment Advisors LLC now owns 23,606 shares of the computer hardware maker’s stock valued at $2,558,000 after purchasing an additional 129 shares during the last quarter. Finally, Luken Investment Analytics LLC grew its holdings in shares of NVIDIA by 107.0% during the 1st quarter. Luken Investment Analytics LLC now owns 621 shares of the computer hardware maker’s stock valued at $67,000 after purchasing an additional 321 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

NVIDIA Trading Up 1.3%

Shares of NASDAQ NVDA opened at $159.28 on Monday. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $160.98. The stock has a market cap of $3.89 trillion, a P/E ratio of 51.38, a price-to-earnings-growth ratio of 1.41 and a beta of 2.13. The firm has a 50-day moving average of $136.38 and a 200 day moving average of $127.81. 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 (NASDAQ:NVDA) last issued 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). The firm had revenue of $44.06 billion during the quarter, compared to analysts’ expectations of $43.09 billion. NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The firm’s quarterly revenue was up 69.2% on a year-over-year basis. During the same period last year, the firm posted $0.61 earnings per share. As a group, sell-side analysts expect that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th were issued a $0.01 dividend. The ex-dividend date 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 Activity

In other NVIDIA news, Director Mark A. Stevens sold 935,000 shares of NVIDIA stock in a transaction dated 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 directly owned 9,214,697 shares of the company’s stock, valued at approximately $1,298,535,101.24. The trade was a 9.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction of $11,440,500.00. Following the completion of the transaction, the chief executive officer directly 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 ownership of the stock. 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 over the last ninety days. 4.17% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on NVDA shares. Citigroup reaffirmed a “buy” rating and set a $180.00 target price (up previously from $150.00) on shares of NVIDIA in a report on Thursday, May 29th. Truist Financial raised their price target on shares of NVIDIA from $205.00 to $210.00 and gave the stock a “buy” rating in a report on Thursday, May 29th. Loop Capital raised their price target on shares of NVIDIA from $175.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, June 25th. Morgan Stanley reissued an “overweight” rating and issued a $170.00 price target (up previously from $160.00) on shares of NVIDIA in a report on Thursday, May 29th. Finally, Susquehanna reissued a “positive” rating and issued a $180.00 price target on shares of NVIDIA in a report on Wednesday, March 19th. One research 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 company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $176.19.

About NVIDIA

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.