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

Capstone Capital LLC cut its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 13.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,695 shares of the computer hardware maker’s stock after selling 594 shares during the quarter. NVIDIA makes up approximately 0.3% of Capstone Capital LLC’s portfolio, making the stock its 12th largest holding. Capstone Capital LLC’s holdings in NVIDIA were worth $400,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of NVDA. BCR Wealth Strategies LLC increased its stake in NVIDIA by 3.1% during the 4th quarter. BCR Wealth Strategies LLC now owns 2,919 shares of the computer hardware maker’s stock worth $391,000 after buying an additional 89 shares during the period. Condor Capital Management increased its stake in NVIDIA by 3.6% during the 4th quarter. Condor Capital Management now owns 2,559 shares of the computer hardware maker’s stock worth $344,000 after buying an additional 89 shares during the period. Squire Investment Management Company LLC increased its position in shares of NVIDIA by 4.0% in the 4th quarter. Squire Investment Management Company LLC now owns 2,360 shares of the computer hardware maker’s stock worth $317,000 after purchasing an additional 91 shares during the last quarter. Kelly Financial Services LLC increased its position in shares of NVIDIA by 2.0% in the 1st quarter. Kelly Financial Services LLC now owns 4,736 shares of the computer hardware maker’s stock worth $513,000 after purchasing an additional 94 shares during the last quarter. Finally, Macroview Investment Management LLC increased its position in shares of NVIDIA by 2.9% in the 4th quarter. Macroview Investment Management LLC now owns 3,434 shares of the computer hardware maker’s stock worth $461,000 after purchasing an additional 96 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on NVDA. Summit Insights raised shares of NVIDIA from a “hold” rating to a “buy” rating in a research report on Thursday, May 29th. Oppenheimer reaffirmed an “outperform” rating and issued a $175.00 price target on shares of NVIDIA in a report on Monday, June 16th. Rosenblatt Securities lifted their price target on shares of NVIDIA from $178.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, May 29th. Needham & Company LLC reaffirmed a “buy” rating and issued a $160.00 price target on shares of NVIDIA in a report on Thursday, May 29th. Finally, Susquehanna reaffirmed a “positive” rating and issued a $180.00 price target on shares of NVIDIA in a report on Wednesday, March 19th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-four have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $177.03.

Insiders Place Their Bets

In related news, Director Mark A. Stevens sold 935,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $140.92, for a total value of $131,760,200.00. Following the sale, the director directly owned 9,214,697 shares in the company, valued at $1,298,535,101.24. This represents a 9.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Tench Coxe sold 1,000,000 shares of the company’s stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $142.80, for a total value of $142,800,000.00. Following the completion of the sale, the director owned 26,671,360 shares in the company, valued at $3,808,670,208. The trade was a 3.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,520,246 shares of company stock worth $660,253,045 in the last ninety days. Insiders own 4.17% of the company’s stock.

NVIDIA Trading Up 0.5%

NVDA stock opened at $164.92 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.39 and a quick ratio of 2.96. The company has a fifty day moving average price of $141.53 and a two-hundred day moving average price of $128.69. NVIDIA Corporation has a one year low of $86.62 and a one year high of $167.89. The stock has a market cap of $4.02 trillion, a price-to-earnings ratio of 53.20, a price-to-earnings-growth ratio of 1.46 and a beta of 2.13.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.06). NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The firm had revenue of $44.06 billion for the quarter, compared to analyst estimates of $43.09 billion. During the same period in the prior year, the business posted $0.61 EPS. The firm’s quarterly revenue 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 Announces Dividend

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

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.