NVIDIA Corporation (NASDAQ:NVDA) Shares Sold by Acorn Creek Capital LLC

Acorn Creek Capital LLC cut its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA) by 2.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,683 shares of the computer hardware maker’s stock after selling 477 shares during the period. NVIDIA accounts for approximately 0.9% of Acorn Creek Capital LLC’s investment portfolio, making the stock its 15th biggest holding. Acorn Creek Capital LLC’s holdings in NVIDIA were worth $1,808,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in NVDA. Tacita Capital Inc acquired a new position in shares of NVIDIA in the 4th quarter valued at $28,000. Vision Financial Markets LLC acquired a new position in shares of NVIDIA in the 4th quarter valued at $38,000. Copia Wealth Management acquired a new position in shares of NVIDIA in the 4th quarter valued at $50,000. Bruce G. Allen Investments LLC increased 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 valued at $53,000 after acquiring an additional 327 shares during the period. Finally, LSV Asset Management acquired a new position in shares of NVIDIA in the 4th quarter valued at $54,000. 65.27% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at NVIDIA

In other news, CEO Jen Hsun Huang sold 75,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 9th. The shares were sold at an average price of $163.11, for a total transaction 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. This trade represents a 0.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director A Brooke Seawell sold 49,131 shares of the firm’s stock in a transaction that occurred on Thursday, July 10th. The stock was sold at an average price of $162.83, for a total transaction of $8,000,000.73. Following the sale, the director owned 1,826,382 shares of the company’s stock, valued at $297,389,781.06. This represents a 2.62% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,520,246 shares of company stock valued at $660,253,045. 4.17% of the stock is owned by insiders.

NVIDIA Stock Up 0.5%

NVDA stock opened at $164.92 on Friday. The company has a market cap of $4.02 trillion, a price-to-earnings ratio of 53.20, a PEG ratio of 1.46 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. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $167.89. The firm has a 50-day moving average of $141.53 and a two-hundred day moving average of $128.69.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing analysts’ consensus estimates 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 net margin of 51.69% and a return on equity of 105.09%. The firm’s revenue was up 69.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.61 EPS. As a group, analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 0.02%. NVIDIA’s payout ratio is 1.29%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Raymond James Financial upped their target price on NVIDIA from $150.00 to $165.00 and gave the company a “strong-buy” rating in a research report on Thursday, May 29th. William Blair reaffirmed an “outperform” rating on shares of NVIDIA in a report on Thursday, March 20th. Stifel Nicolaus set a $180.00 price target on shares of NVIDIA in a report on Wednesday, March 19th. Seaport Res Ptn raised shares of NVIDIA to a “strong sell” rating in a report on Wednesday, April 30th. Finally, Arete Research raised shares of NVIDIA to a “strong-buy” rating in a report on Wednesday, May 21st. One research analyst has rated the stock with a sell rating, four have given a hold rating, thirty-four have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $177.03.

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.