Significant Wealth Partners LLC Sells 304 Shares of NVIDIA Corporation (NASDAQ:NVDA)

Significant Wealth Partners LLC lowered its position in NVIDIA Corporation (NASDAQ:NVDA) by 3.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,783 shares of the computer hardware maker’s stock after selling 304 shares during the quarter. NVIDIA makes up about 0.4% of Significant Wealth Partners LLC’s portfolio, making the stock its 11th biggest position. Significant Wealth Partners LLC’s holdings in NVIDIA were worth $844,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Tacita Capital Inc purchased a new stake in NVIDIA during the fourth quarter worth $28,000. Vision Financial Markets LLC purchased a new stake in NVIDIA during the fourth quarter worth $38,000. Copia Wealth Management purchased a new stake in NVIDIA during the fourth quarter worth $50,000. LSV Asset Management purchased a new stake in shares of NVIDIA during the 4th quarter valued at $54,000. Finally, Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of NVIDIA during the 1st quarter valued at $51,000. Institutional investors own 65.27% of the company’s stock.

Analyst Ratings Changes

NVDA has been the subject of several analyst reports. Arete Research upgraded NVIDIA to a “strong-buy” rating in a report on Wednesday, May 21st. UBS Group reiterated a “buy” rating on shares of NVIDIA in a report on Friday, May 23rd. The Goldman Sachs Group initiated coverage on NVIDIA in a report on Thursday, July 10th. They set a “buy” rating and a $185.00 price objective for the company. Seaport Res Ptn upgraded NVIDIA to a “strong sell” rating in a report on Wednesday, April 30th. Finally, Citigroup increased their price objective on NVIDIA from $180.00 to $190.00 and gave the company a “buy” rating in a report on Monday, July 7th. One equities research 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 given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $182.03.

NVIDIA Trading Up 3.6%

NVDA stock opened at $180.00 on Tuesday. 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 Corporation has a 12-month low of $86.62 and a 12-month high of $183.30. The stock has a market cap of $4.39 trillion, a price-to-earnings ratio of 58.06, a PEG ratio of 1.53 and a beta of 2.14. The business’s 50-day moving average is $156.27 and its 200 day moving average is $132.58.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data 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). NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The firm had revenue of $44.06 billion during the quarter, compared to analyst estimates of $43.09 billion. During the same quarter in the previous year, the firm posted $0.61 earnings per share. The company’s quarterly revenue was up 69.2% on a year-over-year basis. On average, sell-side analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.0%. The ex-dividend date was Wednesday, June 11th. NVIDIA’s payout ratio is presently 1.29%.

Insider Buying and Selling

In other NVIDIA news, CFO Colette Kress sold 27,650 shares of the firm’s stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $170.89, for a total value of $4,725,108.50. Following the transaction, the chief financial officer directly owned 2,984,516 shares of the company’s stock, valued at $510,023,939.24. This trade represents a 0.92% decrease in their position. The transaction was disclosed in a document filed 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 that occurred on Wednesday, July 30th. The stock was sold at an average price of $178.74, for a total transaction of $13,405,500.00. Following the completion of the transaction, the chief executive officer directly owned 73,748,225 shares in the company, valued at $13,181,757,736.50. This trade represents a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,339,800 shares of company stock worth $800,141,003. Insiders own 4.17% of the company’s stock.

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.