NVIDIA Corporation (NASDAQ:NVDA) Shares Sold by Berkshire Money Management Inc.

Berkshire Money Management Inc. reduced its holdings in NVIDIA Corporation (NASDAQ:NVDAFree Report) by 22.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,065 shares of the computer hardware maker’s stock after selling 4,435 shares during the period. NVIDIA comprises 0.2% of Berkshire Money Management Inc.’s holdings, making the stock its 29th largest position. Berkshire Money Management Inc.’s holdings in NVIDIA were worth $1,633,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Tacita Capital Inc acquired a new stake in shares of NVIDIA in the fourth quarter worth approximately $28,000. Vision Financial Markets LLC acquired a new position in NVIDIA during the fourth quarter worth $38,000. Copia Wealth Management acquired a new position in NVIDIA during the fourth quarter worth $50,000. Bruce G. Allen Investments LLC boosted its stake in NVIDIA by 198.2% during the first quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker’s stock worth $53,000 after buying an additional 327 shares during the last quarter. Finally, LSV Asset Management acquired a new position in NVIDIA during the fourth quarter worth $54,000. 65.27% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Morgan Stanley reissued an “overweight” rating and set a $170.00 price objective (up previously from $160.00) on shares of NVIDIA in a research note on Thursday, May 29th. UBS Group reissued a “buy” rating on shares of NVIDIA in a research note on Friday, May 23rd. Seaport Res Ptn raised NVIDIA to a “strong sell” rating in a research note on Wednesday, April 30th. Bank of America boosted their price objective on NVIDIA from $180.00 to $220.00 in a research note on Wednesday. Finally, Piper Sandler reissued an “overweight” rating and set a $180.00 price objective (up previously from $150.00) on shares of NVIDIA in a research note on Wednesday, May 28th. One 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 given a strong buy rating to the company. According to data from MarketBeat.com, NVIDIA currently has an average rating of “Moderate Buy” and a consensus target price of $181.22.

Get Our Latest Report on NVDA

NVIDIA Trading Up 0.4%

NASDAQ:NVDA opened at $171.37 on Thursday. The stock has a market cap of $4.18 trillion, a P/E ratio of 55.28, a P/E/G ratio of 1.51 and a beta of 2.13. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.96 and a current ratio of 3.39. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $172.40. The stock has a 50-day simple moving average of $144.76 and a 200-day simple moving average of $129.39.

NVIDIA (NASDAQ:NVDAGet Free Report) last issued 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 company had revenue of $44.06 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.61 EPS. As a group, analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

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

Insider Activity at NVIDIA

In related news, Director A Brooke Seawell sold 48,792 shares of the company’s stock in a transaction dated 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 completion of the sale, the director directly owned 1,729,478 shares of the company’s stock, valued at $283,565,212.88. This represents a 2.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief executive officer directly owned 74,648,225 shares of the company’s stock, valued at approximately $12,269,182,261. This trade represents a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 4,767,150 shares of company stock valued at $701,030,045 in the last 90 days. Insiders own 4.17% of the company’s stock.

NVIDIA Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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