NVIDIA Corporation (NASDAQ:NVDA) Shares Sold by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC decreased its stake in NVIDIA Corporation (NASDAQ:NVDA) by 1.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,229,269 shares of the computer hardware maker’s stock after selling 266,562 shares during the period. NVIDIA accounts for 5.6% of Chevy Chase Trust Holdings LLC’s investment portfolio, making the stock its 2nd largest holding. Chevy Chase Trust Holdings LLC owned about 0.07% of NVIDIA worth $1,758,928,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of NVDA. Tacita Capital Inc acquired a new stake in shares of NVIDIA in the 4th quarter worth $28,000. Vision Financial Markets LLC acquired a new stake in shares of NVIDIA in the 4th quarter worth $38,000. Copia Wealth Management acquired a new stake in shares of NVIDIA in the 4th quarter worth $50,000. Bruce G. Allen Investments LLC lifted its stake 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 acquiring an additional 327 shares during the period. Finally, LSV Asset Management acquired a new stake in shares of NVIDIA in the 4th quarter worth $54,000. Institutional investors and hedge funds own 65.27% of the company’s stock.

Insider Activity at NVIDIA

In other news, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $152.54, for a total value of $11,440,500.00. Following the completion of the transaction, the chief executive officer owned 75,548,225 shares of the company’s stock, valued at approximately $11,524,126,241.50. This represents a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark A. Stevens sold 935,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $140.92, for a total transaction of $131,760,200.00. Following the completion of the transaction, the director owned 9,214,697 shares of the company’s stock, valued at approximately $1,298,535,101.24. This trade represents a 9.21% decrease in their position. 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 over the last three months. 4.17% of the stock is owned by insiders.

NVIDIA Trading Down 0.5%

NASDAQ NVDA opened at $164.07 on Tuesday. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $167.89. The stock has a 50 day moving average of $142.53 and a 200-day moving average of $128.80. The company has a current ratio of 3.39, a quick ratio of 2.96 and a debt-to-equity ratio of 0.10. The company has a market cap of $4.00 trillion, a PE ratio of 52.93, a PEG ratio of 1.46 and a beta of 2.13.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data 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). The firm had revenue of $44.06 billion for the quarter, compared to the consensus estimate 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 quarter in the previous year, the business earned $0.61 EPS. On average, equities research analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

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 of this dividend was Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.02%. NVIDIA’s dividend payout ratio (DPR) is currently 1.29%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Rosenblatt Securities raised their target price on shares of NVIDIA from $178.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, May 29th. Arete Research upgraded shares of NVIDIA to a “strong-buy” rating in a research note on Wednesday, May 21st. UBS Group reiterated a “buy” rating on shares of NVIDIA in a research note on Friday, May 23rd. KeyCorp set a $190.00 price objective on shares of NVIDIA in a research note on Wednesday, March 19th. Finally, Seaport Res Ptn upgraded shares of NVIDIA to a “strong sell” rating in a research note on Wednesday, April 30th. One 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 given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.