NVIDIA Corporation (NASDAQ:NVDA) Shares Sold by MorganRosel Wealth Management LLC

MorganRosel Wealth Management LLC lowered its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 25.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,646 shares of the computer hardware maker’s stock after selling 1,953 shares during the quarter. MorganRosel Wealth Management LLC’s holdings in NVIDIA were worth $612,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Pacific Wealth Strategies Group Inc. lifted its stake in shares of NVIDIA by 9.4% in the first quarter. Pacific Wealth Strategies Group Inc. now owns 60,371 shares of the computer hardware maker’s stock worth $6,543,000 after buying an additional 5,207 shares in the last quarter. Argent Advisors Inc. increased its position in shares of NVIDIA by 1,102.3% during the first quarter. Argent Advisors Inc. now owns 23,565 shares of the computer hardware maker’s stock valued at $2,554,000 after acquiring an additional 21,605 shares during the last quarter. Valley National Advisers Inc. lifted its stake in NVIDIA by 18.6% during the 1st quarter. Valley National Advisers Inc. now owns 32,838 shares of the computer hardware maker’s stock worth $3,558,000 after acquiring an additional 5,157 shares in the last quarter. Custos Family Office LLC grew its holdings in shares of NVIDIA by 2.4% in the first quarter. Custos Family Office LLC now owns 4,187 shares of the computer hardware maker’s stock valued at $454,000 after purchasing an additional 97 shares in the last quarter. Finally, Washington Trust Advisors Inc. grew its holdings in shares of NVIDIA by 0.9% in the first quarter. Washington Trust Advisors Inc. now owns 189,402 shares of the computer hardware maker’s stock valued at $20,527,000 after purchasing an additional 1,639 shares in the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

NVIDIA Price Performance

Shares of NVDA opened at $170.78 on Thursday. The stock’s fifty day moving average is $149.41 and its 200-day moving average is $130.53. The firm has a market capitalization of $4.17 trillion, a price-to-earnings ratio of 55.09, a price-to-earnings-growth ratio of 1.47 and a beta of 2.13. 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 quick ratio of 2.96 and a current ratio of 3.39.

NVIDIA (NASDAQ:NVDA) last released its quarterly 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). NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The company had revenue of $44.06 billion during the quarter, compared to analyst estimates of $43.09 billion. During the same quarter last year, the business earned $0.61 EPS. The company’s revenue for the quarter was up 69.2% compared to the same quarter last year. Equities analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on NVDA. UBS Group reiterated a “buy” rating on shares of NVIDIA in a research note on Friday, May 23rd. Piper Sandler reaffirmed an “overweight” rating and set a $180.00 price target (up from $150.00) on shares of NVIDIA in a research note on Wednesday, May 28th. Morgan Stanley reiterated an “overweight” rating and issued a $170.00 price objective (up from $160.00) on shares of NVIDIA in a research report on Thursday, May 29th. Summit Insights upgraded shares of NVIDIA from a “hold” rating to a “buy” rating in a report on Thursday, May 29th. Finally, Jefferies Financial Group increased their price objective on shares of NVIDIA from $185.00 to $200.00 in a report on Wednesday, July 16th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-three have assigned a buy rating and four have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $181.22.

Insiders Place Their Bets

In other NVIDIA news, CFO Colette Kress sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $170.88, for a total transaction of $3,417,600.00. Following the completion of the sale, the chief financial officer owned 163,060 shares of the company’s stock, valued at $27,863,692.80. This represents a 10.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director A Brooke Seawell sold 48,792 shares of the stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of $163.96, for a total value of $7,999,936.32. Following the completion of the sale, the director directly owned 1,729,478 shares of the company’s stock, valued at $283,565,212.88. This represents a 2.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,114,800 shares of company stock valued at $760,553,003 over the last 90 days. 4.17% of the stock is currently owned by company insiders.

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.