NVIDIA Corporation (NASDAQ:NVDA) Stock Position Cut by Financial Life Planners

Financial Life Planners cut its stake in NVIDIA Corporation (NASDAQ:NVDA) by 6.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 78,475 shares of the computer hardware maker’s stock after selling 5,315 shares during the period. NVIDIA comprises about 8.3% of Financial Life Planners’ holdings, making the stock its 3rd largest holding. Financial Life Planners’ holdings in NVIDIA were worth $8,505,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the company. Tacita Capital Inc purchased a new stake in NVIDIA during the fourth quarter worth approximately $28,000. Vision Financial Markets LLC acquired a new stake in shares of NVIDIA during the fourth quarter worth about $38,000. Copia Wealth Management purchased a new position in shares of NVIDIA in the 4th quarter valued at approximately $50,000. LSV Asset Management acquired a new position in NVIDIA in the 4th quarter valued at $54,000. Finally, Bruce G. Allen Investments LLC lifted its position in NVIDIA by 198.2% in the first quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker’s stock valued at $53,000 after purchasing an additional 327 shares during the period. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at NVIDIA

In other NVIDIA news, Director A Brooke Seawell sold 48,792 shares of the firm’s stock in a transaction dated Monday, July 14th. The shares were sold at an average price of $163.96, for a total transaction 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of the business’s stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $164.36, for a total transaction of $12,327,000.00. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,767,150 shares of company stock worth $701,030,045. Company insiders own 4.17% of the company’s stock.

Analyst Upgrades and Downgrades

NVDA has been the topic of a number of recent analyst reports. KeyCorp set a $190.00 price target on shares of NVIDIA in a research note on Wednesday, March 19th. Bank of America upped their price objective on shares of NVIDIA from $180.00 to $220.00 in a research note on Wednesday. UBS Group reaffirmed a “buy” rating on shares of NVIDIA in a research note on Friday, May 23rd. Jefferies Financial Group lifted their target price on NVIDIA from $185.00 to $200.00 in a report on Wednesday. Finally, Hsbc Global Res lowered shares of 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 assigned a hold rating, thirty-four have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $181.22.

NVIDIA Price Performance

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

NVIDIA (NASDAQ:NVDA) last posted its 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). NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The firm had revenue of $44.06 billion during the quarter, compared to the consensus estimate of $43.09 billion. During the same quarter last year, the company posted $0.61 EPS. NVIDIA’s revenue for the quarter was up 69.2% on a year-over-year basis. On average, sell-side analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders 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 dividend yield of 0.02%. The ex-dividend date of this dividend was Wednesday, June 11th. NVIDIA’s dividend payout ratio (DPR) is 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.