HWG Holdings LP Sells 86,233 Shares of NVIDIA Corporation (NASDAQ:NVDA)

HWG Holdings LP lessened its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 96.2% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,439 shares of the computer hardware maker’s stock after selling 86,233 shares during the quarter. HWG Holdings LP’s holdings in NVIDIA were worth $373,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Tacita Capital Inc bought a new position in NVIDIA in the 4th quarter valued at $28,000. Vision Financial Markets LLC bought a new stake in NVIDIA during the 4th quarter valued at $38,000. Copia Wealth Management bought a new stake in NVIDIA during the 4th quarter valued at $50,000. Bruce G. Allen Investments LLC raised its position in NVIDIA by 198.2% during the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker’s stock valued at $53,000 after purchasing an additional 327 shares in the last quarter. Finally, LSV Asset Management bought a new stake in NVIDIA during the 4th quarter valued at $54,000. Institutional investors own 65.27% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on NVDA shares. KeyCorp set a $190.00 target price on NVIDIA in a research report on Wednesday, March 19th. UBS Group reaffirmed a “buy” rating on shares of NVIDIA in a research report on Friday, May 23rd. Arete Research raised NVIDIA to a “strong-buy” rating in a research report on Wednesday, May 21st. DA Davidson boosted 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 lowered NVIDIA from a “buy” rating to a “hold” rating and set a $120.00 price target for the company. 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 issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $177.03.

NVIDIA Stock Up 0.5%

NVIDIA stock opened at $164.92 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.96 and a current ratio of 3.39. The business’s 50-day simple moving average is $141.53 and its two-hundred day simple moving average is $128.69. The company has a market cap of $4.02 trillion, a PE ratio of 53.20, a PEG ratio of 1.46 and a beta of 2.13. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $167.89.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results 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 net margin of 51.69% and a return on equity of 105.09%. The firm had revenue of $44.06 billion for the quarter, compared to analysts’ expectations of $43.09 billion. During the same quarter in the previous year, the firm posted $0.61 EPS. The firm’s revenue for the quarter was up 69.2% compared to the same quarter last year. Equities analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th were paid a $0.01 dividend. The ex-dividend date was Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.02%. NVIDIA’s payout ratio is 1.29%.

Insider Transactions at NVIDIA

In other news, Director A Brooke Seawell sold 49,131 shares of the company’s stock in a transaction dated Thursday, July 10th. The stock was sold at an average price of $162.83, for a total value of $8,000,000.73. Following the sale, the director owned 1,826,382 shares in the company, valued at $297,389,781.06. This represents a 2.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of the company’s stock in a transaction dated Wednesday, July 9th. The stock was sold at an average price of $163.11, for a total value of $12,233,250.00. Following the completion of the sale, the chief executive officer owned 74,873,225 shares in the company, valued at $12,212,571,729.75. The trade was a 0.10% decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,520,246 shares of company stock worth $660,253,045 in the last 90 days. Company insiders own 4.17% of the company’s stock.

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.