Fulcrum Equity Management Has $1.02 Million Stock Position in NVIDIA Corporation (NASDAQ:NVDA)

Fulcrum Equity Management cut its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA) by 3.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,383 shares of the computer hardware maker’s stock after selling 332 shares during the period. NVIDIA makes up 1.1% of Fulcrum Equity Management’s holdings, making the stock its 23rd biggest holding. Fulcrum Equity Management’s holdings in NVIDIA were worth $1,017,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in NVDA. Tacita Capital Inc bought a new position in shares of NVIDIA during the 4th quarter worth approximately $28,000. Vision Financial Markets LLC bought a new stake in NVIDIA in the fourth quarter worth about $38,000. Copia Wealth Management purchased a new position in NVIDIA in the fourth quarter valued at approximately $50,000. Barnes Dennig Private Wealth Management LLC purchased a new position in shares of NVIDIA during the 1st quarter valued at $51,000. Finally, Bruce G. Allen Investments LLC lifted its holdings in NVIDIA by 198.2% during the first quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker’s stock valued at $53,000 after purchasing an additional 327 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

Insider Transactions at NVIDIA

In other NVIDIA news, EVP Ajay K. Puri sold 168,195 shares of the firm’s stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $152.64, for a total transaction of $25,673,284.80. Following the completion of the transaction, the executive vice president owned 4,018,547 shares of the company’s stock, valued at approximately $613,391,014.08. This trade represents a 4.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Tench Coxe sold 1,000,000 shares of NVIDIA stock in a transaction on Monday, June 9th. The shares were sold at an average price of $142.80, for a total value of $142,800,000.00. Following the transaction, the director owned 26,671,360 shares of the company’s stock, valued at $3,808,670,208. The trade was a 3.61% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,537,440 shares of company stock worth $835,035,782 over the last quarter. Insiders own 4.17% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on NVDA shares. Needham & Company LLC raised their price target on NVIDIA from $160.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, July 16th. Morgan Stanley increased their price target on shares of NVIDIA from $170.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday, July 30th. Rosenblatt Securities raised their price objective on shares of NVIDIA from $178.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, May 29th. Bank of America boosted their price objective on shares of NVIDIA from $180.00 to $220.00 in a research note on Wednesday, July 16th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $200.00 target price on shares of NVIDIA in a research note on Wednesday, April 16th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, thirty-two have issued a buy rating and four have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $183.75.

NVIDIA Price Performance

Shares of NVIDIA stock opened at $179.42 on Thursday. The stock has a market capitalization of $4.38 trillion, a P/E ratio of 57.88, a price-to-earnings-growth ratio of 1.57 and a beta of 2.14. NVIDIA Corporation has a one year low of $86.62 and a one year high of $183.30. 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 business’s 50 day simple moving average is $158.02 and its two-hundred day simple moving average is $133.22.

NVIDIA (NASDAQ:NVDA) last posted its 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 business had revenue of $44.06 billion during the quarter, compared to the consensus estimate of $43.09 billion. During the same period in the previous year, the business earned $0.61 earnings per share. The firm’s revenue for the quarter was up 69.2% compared to the same quarter last year. Analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

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