Reyes Financial Architecture Inc. Has $378,000 Position in NVIDIA Corporation (NASDAQ:NVDA)

Reyes Financial Architecture Inc. cut its position in NVIDIA Corporation (NASDAQ:NVDA) by 67.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,485 shares of the computer hardware maker’s stock after selling 7,388 shares during the quarter. Reyes Financial Architecture Inc.’s holdings in NVIDIA were worth $378,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Cahaba Wealth Management Inc. grew its holdings in shares of NVIDIA by 3.8% during the 1st quarter. Cahaba Wealth Management Inc. now owns 26,323 shares of the computer hardware maker’s stock valued at $2,853,000 after purchasing an additional 973 shares during the last quarter. Smith Thornton Advisors LLC grew its holdings in shares of NVIDIA by 2.9% during the 1st quarter. Smith Thornton Advisors LLC now owns 8,088 shares of the computer hardware maker’s stock valued at $877,000 after purchasing an additional 230 shares during the last quarter. Greatmark Investment Partners Inc. grew its holdings in shares of NVIDIA by 239.8% during the 1st quarter. Greatmark Investment Partners Inc. now owns 18,096 shares of the computer hardware maker’s stock valued at $1,961,000 after purchasing an additional 12,771 shares during the last quarter. TFR Capital LLC. grew its holdings in shares of NVIDIA by 23.2% during the 1st quarter. TFR Capital LLC. now owns 101,578 shares of the computer hardware maker’s stock valued at $11,009,000 after purchasing an additional 19,107 shares during the last quarter. Finally, Dock Street Asset Management Inc. grew its holdings in shares of NVIDIA by 16.1% during the 1st quarter. Dock Street Asset Management Inc. now owns 1,118,096 shares of the computer hardware maker’s stock valued at $121,179,000 after purchasing an additional 154,862 shares during the last quarter. 65.27% of the stock is owned by institutional investors.

NVIDIA Stock Up 1.1%

NVIDIA stock opened at $182.67 on Friday. The company has a quick ratio of 2.96, a current ratio of 3.39 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 $183.88. The firm’s fifty day moving average is $159.82 and its 200 day moving average is $133.80. The company has a market capitalization of $4.46 trillion, a PE ratio of 58.93, a PEG ratio of 1.59 and a beta of 2.14.

NVIDIA (NASDAQ:NVDA) last released its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $43.09 billion. During the same quarter in the previous year, the firm earned $0.61 EPS. The firm’s revenue was up 69.2% on a year-over-year basis. As a group, sell-side analysts predict that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently disclosed 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 annualized dividend and a yield of 0.0%. NVIDIA’s dividend payout ratio is presently 1.29%.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the company’s stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $152.54, for a total transaction of $11,440,500.00. Following the transaction, the chief executive officer owned 75,548,225 shares in the company, valued at approximately $11,524,126,241.50. This represents a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Mark A. Stevens sold 935,000 shares of the company’s stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $140.92, for a total transaction of $131,760,200.00. Following the transaction, the director owned 9,214,697 shares in the company, valued at approximately $1,298,535,101.24. The trade was a 9.21% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,687,440 shares of company stock worth $862,095,782. Corporate insiders own 4.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. TD Cowen lifted their price target on shares of NVIDIA from $140.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, May 29th. The Goldman Sachs Group initiated coverage on shares of NVIDIA in a report on Thursday, July 10th. They set a “buy” rating and a $185.00 price target on the stock. Phillip Securities raised shares of NVIDIA from a “moderate buy” rating to a “strong-buy” rating in a report on Monday, July 14th. Wedbush reissued an “outperform” rating on shares of NVIDIA in a report on Thursday, May 29th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $200.00 target price on shares of NVIDIA in a report on Wednesday, April 16th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-two have issued a buy rating and four have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $183.75.

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.