NVIDIA Corporation (NASDAQ:NVDA) Shares Sold by TSA Wealth Managment LLC

TSA Wealth Managment LLC lessened its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 4.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,070 shares of the computer hardware maker’s stock after selling 282 shares during the period. TSA Wealth Managment LLC’s holdings in NVIDIA were worth $658,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NVDA. Omnia Family Wealth LLC boosted its holdings in shares of NVIDIA by 33.8% in the 1st quarter. Omnia Family Wealth LLC now owns 32,230 shares of the computer hardware maker’s stock valued at $3,493,000 after buying an additional 8,148 shares during the period. New World Advisors LLC raised its holdings in shares of NVIDIA by 20.2% during the first quarter. New World Advisors LLC now owns 8,856 shares of the computer hardware maker’s stock valued at $960,000 after acquiring an additional 1,491 shares during the period. Inman Jager Wealth Management LLC grew its position in NVIDIA by 10.0% during the first quarter. Inman Jager Wealth Management LLC now owns 9,335 shares of the computer hardware maker’s stock valued at $1,012,000 after purchasing an additional 851 shares in the last quarter. Cvfg LLC grew its position in NVIDIA by 12.1% in the first quarter. Cvfg LLC now owns 12,140 shares of the computer hardware maker’s stock worth $1,316,000 after acquiring an additional 1,308 shares in the last quarter. Finally, Tyche Wealth Partners LLC grew its position in NVIDIA by 6.3% in the first quarter. Tyche Wealth Partners LLC now owns 75,440 shares of the computer hardware maker’s stock worth $8,176,000 after acquiring an additional 4,472 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Insider Buying and Selling

In other news, EVP Ajay K. Puri sold 168,195 shares of the business’s stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $152.64, for a total transaction of $25,673,284.80. Following the transaction, the executive vice president directly owned 4,018,547 shares in the company, valued at $613,391,014.08. The trade was a 4.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $152.54, for a total value of $11,440,500.00. Following the transaction, the chief executive officer 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. In the last quarter, insiders sold 4,814,800 shares of company stock worth $709,172,753. Corporate insiders own 4.17% of the company’s stock.

NVIDIA Trading Up 1.0%

Shares of NASDAQ NVDA opened at $173.00 on Friday. The business’s 50 day moving average price is $145.88 and its 200-day moving average price is $129.63. The company has a market cap of $4.22 trillion, a price-to-earnings ratio of 55.81, a PEG 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 $174.16. 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 (NASDAQ:NVDA) last announced its quarterly 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 during the quarter, compared to analysts’ expectations of $43.09 billion. NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The company’s revenue was up 69.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.61 earnings per share. On average, sell-side analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 0.02%. NVIDIA’s dividend payout ratio (DPR) is presently 1.29%.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. The Goldman Sachs Group assumed coverage on shares of NVIDIA in a research note on Thursday, July 10th. They set a “buy” rating and a $185.00 target price for the company. Arete Research raised shares of NVIDIA to a “strong-buy” rating in a research note on Wednesday, May 21st. Oppenheimer lifted their price objective on shares of NVIDIA from $175.00 to $200.00 and gave the company an “outperform” rating in a report on Tuesday. Seaport Res Ptn raised shares of NVIDIA to a “strong sell” rating in a research report on Wednesday, April 30th. Finally, Mizuho set a $192.00 target price on shares of NVIDIA and gave the company an “outperform” rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, thirty-three have given a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $181.22.

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.