Etesian Wealth Advisors Inc. Sells 3,129 Shares of NVIDIA Corporation (NASDAQ:NVDA)

Etesian Wealth Advisors Inc. lessened its position in shares of NVIDIA Corporation (NASDAQ:NVDA) by 13.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,900 shares of the computer hardware maker’s stock after selling 3,129 shares during the quarter. NVIDIA comprises 1.0% of Etesian Wealth Advisors Inc.’s holdings, making the stock its 25th biggest position. Etesian Wealth Advisors Inc.’s holdings in NVIDIA were worth $2,265,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of NVDA. Condor Capital Management boosted its position in shares of NVIDIA by 3.6% during the fourth quarter. Condor Capital Management now owns 2,559 shares of the computer hardware maker’s stock worth $344,000 after buying an additional 89 shares during the period. Kelly Financial Services LLC boosted its position in NVIDIA by 2.0% during the first quarter. Kelly Financial Services LLC now owns 4,736 shares of the computer hardware maker’s stock valued at $513,000 after purchasing an additional 94 shares during the last quarter. Macroview Investment Management LLC boosted its position in NVIDIA by 2.9% during the fourth quarter. Macroview Investment Management LLC now owns 3,434 shares of the computer hardware maker’s stock valued at $461,000 after purchasing an additional 96 shares during the last quarter. Foundry Financial Group Inc. boosted its position in NVIDIA by 2.2% during the fourth quarter. Foundry Financial Group Inc. now owns 4,387 shares of the computer hardware maker’s stock valued at $589,000 after purchasing an additional 96 shares during the last quarter. Finally, Wallace Hart LLC boosted its position in NVIDIA by 3.9% during the fourth quarter. Wallace Hart LLC now owns 2,599 shares of the computer hardware maker’s stock valued at $349,000 after purchasing an additional 97 shares during the last quarter. Institutional investors own 65.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on NVDA. Mizuho set a $192.00 price target on NVIDIA and gave the company an “outperform” rating in a research report on Tuesday. Morgan Stanley reissued an “overweight” rating and set a $170.00 price target (up from $160.00) on shares of NVIDIA in a research report on Thursday, May 29th. The Goldman Sachs Group began coverage on NVIDIA in a research report on Thursday, July 10th. They set a “buy” rating and a $185.00 price target for the company. Barclays increased their price target on NVIDIA from $170.00 to $200.00 and gave the company an “overweight” rating in a research report on Tuesday, June 17th. Finally, UBS Group restated a “buy” rating on shares of NVIDIA in a research note on Friday, May 23rd. 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. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $181.22.

Insider Buying and Selling at NVIDIA

In related news, Director A Brooke Seawell sold 48,792 shares of the firm’s stock in a transaction 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 sale, the director owned 1,729,478 shares of the company’s stock, valued at $283,565,212.88. This trade represents a 2.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of the firm’s stock in a transaction on Friday, July 18th. The shares were sold at an average price of $172.52, for a total value of $12,939,000.00. Following the sale, the chief executive officer directly owned 74,348,225 shares in the company, valued at approximately $12,826,555,777. This trade represents a 0.10% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,964,800 shares of company stock valued at $734,906,003. 4.17% of the stock is currently owned by corporate insiders.

NVIDIA Price Performance

NVIDIA stock opened at $172.41 on Friday. The stock’s fifty day moving average price is $146.99 and its two-hundred day moving average price is $129.86. NVIDIA Corporation has a one year low of $86.62 and a one year high of $174.25. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.39 and a quick ratio of 2.96. The firm has a market cap of $4.21 trillion, a PE ratio of 55.62, a price-to-earnings-growth ratio of 1.52 and a beta of 2.13.

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

NVIDIA Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th were issued a $0.01 dividend. 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 is presently 1.29%.

NVIDIA 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.