NVIDIA Corporation (NASDAQ:NVDA) Shares Sold by K.J. Harrison & Partners Inc

K.J. Harrison & Partners Inc decreased its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA) by 32.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 47,650 shares of the computer hardware maker’s stock after selling 22,640 shares during the quarter. NVIDIA comprises 1.0% of K.J. Harrison & Partners Inc’s holdings, making the stock its 26th largest holding. K.J. Harrison & Partners Inc’s holdings in NVIDIA were worth $5,164,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Wall Street Financial Group Inc. grew its stake in shares of NVIDIA by 10.0% in the first quarter. Wall Street Financial Group Inc. now owns 16,442 shares of the computer hardware maker’s stock valued at $1,782,000 after buying an additional 1,493 shares in the last quarter. Westfuller Advisors LLC grew its stake in NVIDIA by 5.3% during the 1st quarter. Westfuller Advisors LLC now owns 24,771 shares of the computer hardware maker’s stock worth $2,685,000 after purchasing an additional 1,238 shares in the last quarter. Clay Northam Wealth Management LLC grew its stake in NVIDIA by 4.4% during the 1st quarter. Clay Northam Wealth Management LLC now owns 32,101 shares of the computer hardware maker’s stock worth $3,479,000 after purchasing an additional 1,341 shares in the last quarter. Aljian Capital Management LLC grew its stake in NVIDIA by 1.3% during the 1st quarter. Aljian Capital Management LLC now owns 259,834 shares of the computer hardware maker’s stock worth $28,161,000 after purchasing an additional 3,455 shares in the last quarter. Finally, Guardian Asset Advisors LLC grew its stake in NVIDIA by 11.8% during the 1st quarter. Guardian Asset Advisors LLC now owns 60,272 shares of the computer hardware maker’s stock worth $6,532,000 after purchasing an additional 6,382 shares in the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

NVIDIA Stock Performance

NVDA opened at $171.38 on Tuesday. The stock has a market cap of $4.18 trillion, a P/E ratio of 55.28, a P/E/G ratio of 1.52 and a beta of 2.13. 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 stock’s 50 day simple moving average is $146.99 and its 200 day simple moving average is $129.81. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $174.25.

NVIDIA (NASDAQ:NVDA) last announced its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.06). The company had revenue of $44.06 billion for 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%. NVIDIA’s quarterly revenue was up 69.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.61 EPS. As a group, equities analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

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

Insider Transactions at NVIDIA

In related news, Director Mark A. Stevens sold 935,000 shares of the stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $140.92, for a total value of $131,760,200.00. Following the transaction, the director directly owned 9,214,697 shares of the company’s stock, valued at approximately $1,298,535,101.24. This trade represents a 9.21% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction 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 completion of the transaction, the chief executive officer directly owned 75,548,225 shares in the company, valued at $11,524,126,241.50. 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 quarter, insiders sold 4,964,800 shares of company stock valued at $734,906,003. Corporate insiders own 4.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Wedbush reissued an “outperform” rating on shares of NVIDIA in a research note on Thursday, May 29th. The Goldman Sachs Group assumed coverage on NVIDIA in a research note on Thursday, July 10th. They set a “buy” rating and a $185.00 target price for the company. Cantor Fitzgerald reissued an “overweight” rating and set a $200.00 target price on shares of NVIDIA in a research note on Wednesday, April 16th. Benchmark reaffirmed a “buy” rating and set a $190.00 price target on shares of NVIDIA in a report on Thursday, May 29th. Finally, Arete Research raised NVIDIA to a “strong-buy” rating in a report on Wednesday, May 21st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-three have given a buy rating and four have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus 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.