NVIDIA Corporation (NASDAQ:NVDA) Shares Sold by DMC Group LLC

DMC Group LLC lessened its position in shares of NVIDIA Corporation (NASDAQ:NVDA) by 8.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,590 shares of the computer hardware maker’s stock after selling 611 shares during the period. DMC Group LLC’s holdings in NVIDIA were worth $714,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Tacita Capital Inc acquired a new position in shares of NVIDIA in the 4th quarter valued at $28,000. Vision Financial Markets LLC acquired a new position in shares of NVIDIA in the 4th quarter valued at $38,000. Copia Wealth Management acquired a new position in shares of NVIDIA in the 4th quarter valued at $50,000. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of NVIDIA in the 1st quarter valued at $51,000. Finally, Bruce G. Allen Investments LLC boosted its holdings in shares of NVIDIA by 198.2% in the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker’s stock valued at $53,000 after buying an additional 327 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

Insider Activity at NVIDIA

In related 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 sale, the chief financial officer directly owned 2,984,516 shares of the company’s stock, valued at approximately $510,023,939.24. This trade represents a 0.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of the firm’s stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $178.16, for a total transaction of $13,362,000.00. Following the completion of the sale, the chief executive officer directly owned 73,523,225 shares in the company, valued at $13,098,897,766. This represents a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,489,800 shares of company stock worth $826,553,003 over the last three months. Corporate insiders own 4.17% of the company’s stock.

NVIDIA Price Performance

NVIDIA stock opened at $178.26 on Wednesday. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $183.30. The stock has a market capitalization of $4.35 trillion, a P/E ratio of 57.50, a P/E/G ratio of 1.59 and a beta of 2.14. The firm’s 50-day moving average is $157.13 and its two-hundred day moving average is $132.90. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.39 and a quick ratio of 2.96.

NVIDIA (NASDAQ:NVDA) last released its quarterly 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). NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The firm had revenue of $44.06 billion for the quarter, compared to analyst estimates of $43.09 billion. During the same period in the prior year, the business earned $0.61 earnings per share. NVIDIA’s revenue for the quarter was up 69.2% on a year-over-year basis. Equities analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The business 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. The ex-dividend date of this dividend was Wednesday, June 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. NVIDIA’s dividend payout ratio (DPR) is currently 1.29%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on NVDA. Truist Financial increased their price target on shares of NVIDIA from $205.00 to $210.00 and gave the stock a “buy” rating in a research note on Thursday, May 29th. Rosenblatt Securities increased their price target on shares of NVIDIA from $178.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, May 29th. Benchmark reiterated a “buy” rating and set a $190.00 price target on shares of NVIDIA in a research note on Thursday, May 29th. TD Cowen increased their price target on shares of NVIDIA from $140.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, May 29th. Finally, The Goldman Sachs Group began coverage on shares of NVIDIA in a research note on Thursday, July 10th. They set a “buy” rating and a $185.00 price target for the company. One 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 issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $182.03.

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.