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

Capstone Capital LLC trimmed its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 13.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,695 shares of the computer hardware maker’s stock after selling 594 shares during the period. NVIDIA accounts for approximately 0.3% of Capstone Capital LLC’s holdings, 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.

A number of other hedge funds have also recently added to or reduced their stakes in NVDA. Tacita Capital Inc purchased a new position in shares of NVIDIA in the 4th quarter worth about $28,000. Vision Financial Markets LLC purchased a new position in shares of NVIDIA in the 4th quarter worth about $38,000. Copia Wealth Management purchased a new position in shares of NVIDIA in the 4th quarter worth about $50,000. Bruce G. Allen Investments LLC raised its holdings 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 worth $53,000 after purchasing an additional 327 shares during the period. Finally, LSV Asset Management purchased a new position in shares of NVIDIA in the 4th quarter worth about $54,000. 65.27% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Tench Coxe sold 1,000,000 shares of the stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $142.80, for a total value of $142,800,000.00. Following the completion of the transaction, the director directly owned 26,671,360 shares of the company’s stock, valued at approximately $3,808,670,208. This represents a 3.61% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Mark A. Stevens sold 935,000 shares of the 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 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 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 currently owned by corporate insiders.

NVIDIA Price Performance

NASDAQ NVDA opened at $164.92 on Friday. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $167.89. 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 stock has a market capitalization of $4.02 trillion, a PE ratio of 53.20, a P/E/G ratio of 1.46 and a beta of 2.13. The stock has a 50-day simple moving average of $141.53 and a 200 day simple moving average of $128.69.

NVIDIA (NASDAQ:NVDA) last posted its quarterly 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 firm 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 company’s revenue was up 69.2% on a year-over-year basis. During the same period last year, the company earned $0.61 EPS. Research 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 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 dividend yield of 0.02%. NVIDIA’s payout ratio is presently 1.29%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on NVDA shares. Truist Financial raised their target price on NVIDIA from $205.00 to $210.00 and gave the company a “buy” rating in a report on Thursday, May 29th. Raymond James Financial raised their target price on NVIDIA from $150.00 to $165.00 and gave the company a “strong-buy” rating in a report on Thursday, May 29th. William Blair reiterated an “outperform” rating on shares of NVIDIA in a report on Thursday, March 20th. DA Davidson raised their target price on NVIDIA from $120.00 to $135.00 and gave the company a “neutral” rating in a report on Thursday, May 29th. Finally, Hsbc Global Res downgraded NVIDIA from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 3rd. One 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 stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $177.03.

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.