Vectors Research Management LLC Reduces Stock Holdings in NVIDIA Corporation (NASDAQ:NVDA)

Vectors Research Management LLC reduced its position in NVIDIA Corporation (NASDAQ:NVDA) by 0.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 31,180 shares of the computer hardware maker’s stock after selling 203 shares during the quarter. NVIDIA makes up about 1.2% of Vectors Research Management LLC’s holdings, making the stock its 24th largest position. Vectors Research Management LLC’s holdings in NVIDIA were worth $3,379,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in NVDA. Tacita Capital Inc purchased a new stake in shares of NVIDIA during the fourth quarter worth $28,000. Vision Financial Markets LLC purchased a new stake in NVIDIA during the 4th quarter worth about $38,000. Copia Wealth Management bought a new position in NVIDIA in the 4th quarter worth about $50,000. Bruce G. Allen Investments LLC grew its holdings 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 buying an additional 327 shares in the last quarter. Finally, LSV Asset Management bought a new stake in shares of NVIDIA during the fourth quarter valued at about $54,000. 65.27% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Benchmark reissued a “buy” rating and set a $190.00 price objective on shares of NVIDIA in a research note on Thursday, May 29th. Morgan Stanley reissued an “overweight” rating and set a $170.00 price objective (up previously from $160.00) on shares of NVIDIA in a report on Thursday, May 29th. DA Davidson lifted their target price on shares of NVIDIA from $120.00 to $135.00 and gave the company a “neutral” rating in a research report on Thursday, May 29th. Cantor Fitzgerald reissued an “overweight” rating and issued a $200.00 price target on shares of NVIDIA in a report on Wednesday, April 16th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $160.00 price objective on shares of NVIDIA in a report on Thursday, May 29th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-four have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $177.92.

NVIDIA Price Performance

Shares of NASDAQ NVDA opened at $170.70 on Wednesday. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $172.40. 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 firm has a 50-day moving average of $143.67 and a two-hundred day moving average of $129.10. The company has a market capitalization of $4.17 trillion, a price-to-earnings ratio of 55.06, a PEG ratio of 1.45 and a beta of 2.13.

NVIDIA (NASDAQ:NVDA) last announced its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.06). The company had revenue of $44.06 billion for the quarter, compared to analyst estimates of $43.09 billion. NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The firm’s revenue for the quarter was up 69.2% on a year-over-year basis. During the same period last year, the firm earned $0.61 earnings per share. As a group, analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

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

Insiders Place Their Bets

In related news, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction on Monday, July 14th. The shares were sold at an average price of $164.36, for a total value of $12,327,000.00. Following the transaction, the chief executive officer owned 74,648,225 shares in the company, valued at $12,269,182,261. This trade represents a 0.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director A Brooke Seawell sold 48,792 shares of the company’s stock in a transaction that occurred on Monday, July 14th. The stock was sold at an average price of $163.96, for a total value of $7,999,936.32. Following the transaction, the director owned 1,729,478 shares of the company’s stock, valued at approximately $283,565,212.88. This trade represents a 2.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,767,150 shares of company stock valued at $701,030,045. Insiders own 4.17% of the company’s stock.

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.