NVIDIA Corporation (NASDAQ:NVDA) Shares Sold by Bessemer Group Inc.

Bessemer Group Inc. decreased its stake in NVIDIA Corporation (NASDAQ:NVDA) by 7.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,917,445 shares of the computer hardware maker’s stock after selling 1,646,946 shares during the period. NVIDIA makes up 4.3% of Bessemer Group Inc.’s portfolio, making the stock its 3rd largest holding. Bessemer Group Inc. owned approximately 0.09% of NVIDIA worth $2,375,413,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Tacita Capital Inc acquired a new position in shares of NVIDIA in the fourth quarter valued at $28,000. Vision Financial Markets LLC acquired a new stake in NVIDIA during the fourth quarter worth $38,000. Copia Wealth Management bought a new stake in NVIDIA in the 4th quarter valued at $50,000. Bruce G. Allen Investments LLC raised 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 valued at $53,000 after buying an additional 327 shares in the last quarter. Finally, LSV Asset Management bought a new position in shares of NVIDIA during the 4th quarter worth about $54,000. Institutional investors own 65.27% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Susquehanna reissued a “positive” rating and issued a $180.00 target price on shares of NVIDIA in a research note on Wednesday, March 19th. William Blair reiterated an “outperform” rating on shares of NVIDIA in a research note on Thursday, March 20th. Stifel Nicolaus set a $180.00 target price on NVIDIA in a report on Wednesday, March 19th. Cantor Fitzgerald restated an “overweight” rating and set a $200.00 target price on shares of NVIDIA in a research report on Wednesday, April 16th. Finally, Seaport Res Ptn raised 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 given a hold rating, thirty-four have given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $181.22.

Insider Buying and Selling

In other NVIDIA news, Director Tench Coxe sold 1,000,000 shares of the stock in a transaction 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 sale, the director directly owned 26,671,360 shares in the company, valued at approximately $3,808,670,208. This trade represents a 3.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $152.54, for a total transaction of $11,440,500.00. Following the transaction, the chief executive officer directly owned 75,548,225 shares in the company, valued at approximately $11,524,126,241.50. This 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 over the last 90 days. 4.17% of the stock is owned by corporate insiders.

NVIDIA Stock Performance

NVIDIA stock opened at $171.37 on Thursday. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $172.40. The company has a market cap of $4.18 trillion, a PE ratio of 55.28, a PEG ratio of 1.51 and a beta of 2.13. 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’s 50-day moving average is $144.76 and its two-hundred day moving average is $129.39.

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

NVIDIA Dividend Announcement

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

NVIDIA Company Profile

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.