NVIDIA Corporation (NASDAQ:NVDA) Shares Sold by Poehling Capital Management INC.

Poehling Capital Management INC. lessened its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 2.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,838 shares of the computer hardware maker’s stock after selling 399 shares during the period. Poehling Capital Management INC.’s holdings in NVIDIA were worth $1,608,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of NVDA. 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 purchased a new stake in shares of NVIDIA in the 1st quarter valued at $51,000. Bruce G. Allen Investments LLC raised 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 during the period. LSV Asset Management purchased a new stake in shares of NVIDIA in the 4th quarter valued at $54,000. Finally, Delos Wealth Advisors LLC raised its holdings in shares of NVIDIA by 134.8% in the 4th quarter. Delos Wealth Advisors LLC now owns 493 shares of the computer hardware maker’s stock valued at $66,000 after buying an additional 283 shares during the period. Institutional investors and hedge funds own 65.27% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Jen Hsun Huang sold 75,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $152.54, for a total value of $11,440,500.00. Following the completion of the transaction, the chief executive officer directly owned 75,548,225 shares of the company’s stock, valued at $11,524,126,241.50. This trade represents a 0.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 value of $25,673,284.80. Following the completion of the transaction, the executive vice president directly owned 4,018,547 shares of the company’s stock, valued at $613,391,014.08. The trade was a 4.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,687,440 shares of company stock valued at $862,095,782. Corporate insiders own 4.17% of the company’s stock.

Wall Street Analysts Forecast Growth

NVDA has been the topic of several research analyst reports. Benchmark reiterated a “buy” rating and issued a $190.00 price objective on shares of NVIDIA in a report on Thursday, May 29th. Truist Financial boosted their price objective on NVIDIA from $205.00 to $210.00 and gave the company a “buy” rating in a report on Thursday, May 29th. Wedbush reiterated an “outperform” rating on shares of NVIDIA in a report on Thursday, May 29th. UBS Group reiterated a “buy” rating on shares of NVIDIA in a report on Friday, May 23rd. Finally, Jefferies Financial Group upped their price target on NVIDIA from $185.00 to $200.00 in a report on Wednesday, July 16th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-two have given a buy rating and four have issued a strong buy rating to the stock. According to data from MarketBeat.com, NVIDIA currently has an average rating of “Moderate Buy” and an average target price of $183.75.

NVIDIA Stock Performance

Shares of NVDA stock opened at $182.67 on Monday. The company has a market cap of $4.46 trillion, a price-to-earnings ratio of 58.93, a price-to-earnings-growth ratio of 1.61 and a beta of 2.14. The stock has a 50 day simple moving average of $159.82 and a 200-day simple moving average of $133.62. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $183.88. 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 (NASDAQ:NVDA) last issued 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). The business had revenue of $44.06 billion for the quarter, compared to analysts’ expectations of $43.09 billion. NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The business’s quarterly revenue was up 69.2% on a year-over-year basis. During the same period last year, the company posted $0.61 earnings per share. On average, equities analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th were paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date of this dividend was Wednesday, June 11th. NVIDIA’s dividend payout ratio is 1.29%.

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.