Phillips Wealth Planners LLC Sells 246 Shares of NVIDIA Corporation (NASDAQ:NVDA)

Phillips Wealth Planners LLC decreased its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 9.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,257 shares of the computer hardware maker’s stock after selling 246 shares during the period. Phillips Wealth Planners LLC’s holdings in NVIDIA were worth $250,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of NVDA. Omnia Family Wealth LLC grew its position 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 worth $3,493,000 after buying an additional 8,148 shares during the period. New World Advisors LLC lifted its position in 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 purchasing an additional 1,491 shares during the last quarter. Inman Jager Wealth Management LLC boosted its stake 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 worth $1,012,000 after buying an additional 851 shares during the period. Cvfg LLC boosted its stake in shares of NVIDIA by 12.1% during the first quarter. Cvfg LLC now owns 12,140 shares of the computer hardware maker’s stock valued at $1,316,000 after purchasing an additional 1,308 shares during the period. Finally, Tyche Wealth Partners LLC raised its holdings 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 purchasing an additional 4,472 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Analyst Ratings Changes

NVDA has been the topic of a number of recent research reports. DA Davidson upped their target price on NVIDIA from $120.00 to $135.00 and gave the company a “neutral” rating in a research report on Thursday, May 29th. Arete Research upgraded NVIDIA to a “strong-buy” rating in a research note on Wednesday, May 21st. Oppenheimer raised their target price on NVIDIA from $175.00 to $200.00 and gave the stock an “outperform” rating in a research report on Tuesday. Hsbc Global Res lowered NVIDIA from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 3rd. Finally, William Blair reiterated an “outperform” rating on shares of NVIDIA in a research report on Thursday, March 20th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-three have issued a buy rating and four have given a strong buy rating to the company. Based on data from MarketBeat, NVIDIA presently has an average rating of “Moderate Buy” and an average price target of $181.22.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director A Brooke Seawell sold 48,792 shares of the stock in a transaction that occurred on Monday, July 14th. The stock was 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 in the company, valued at approximately $283,565,212.88. This represents a 2.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction that occurred 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 directly owned 74,648,225 shares of the company’s stock, valued at $12,269,182,261. The trade was a 0.10% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,814,800 shares of company stock worth $709,172,753. 4.17% of the stock is currently owned by insiders.

NVIDIA Price Performance

NVDA opened at $173.00 on Friday. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $174.16. The company has a market cap of $4.22 trillion, a price-to-earnings ratio of 55.81, a price-to-earnings-growth ratio of 1.51 and a beta of 2.13. The stock has a fifty day simple moving average of $145.88 and a two-hundred day simple moving average of $129.63. The company has a current ratio of 3.39, a quick ratio of 2.96 and a debt-to-equity ratio of 0.10.

NVIDIA (NASDAQ:NVDA) last issued its 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). The business had revenue of $44.06 billion for the quarter, compared to the consensus estimate of $43.09 billion. NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The firm’s revenue for the quarter was up 69.2% compared to the same quarter last year. During the same period last year, the business posted $0.61 EPS. Research analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

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