NVIDIA Corporation (NASDAQ:NVDA) Shares Sold by West Family Investments Inc.

West Family Investments Inc. cut its position in shares of NVIDIA Corporation (NASDAQ:NVDA) by 48.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 38,621 shares of the computer hardware maker’s stock after selling 36,950 shares during the quarter. NVIDIA accounts for 1.6% of West Family Investments Inc.’s portfolio, making the stock its 12th largest position. West Family Investments Inc.’s holdings in NVIDIA were worth $4,186,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of NVDA. Brighton Jones LLC increased its position in shares of NVIDIA by 12.4% during the 4th quarter. Brighton Jones LLC now owns 324,901 shares of the computer hardware maker’s stock valued at $43,631,000 after purchasing an additional 35,815 shares during the period. Bank Pictet & Cie Europe AG increased its position in shares of NVIDIA by 1.0% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 2,346,417 shares of the computer hardware maker’s stock valued at $315,100,000 after purchasing an additional 22,929 shares during the period. Highview Capital Management LLC DE increased its position in shares of NVIDIA by 6.7% during the 4th quarter. Highview Capital Management LLC DE now owns 58,396 shares of the computer hardware maker’s stock valued at $7,842,000 after purchasing an additional 3,653 shares during the period. Hudson Value Partners LLC boosted its stake in shares of NVIDIA by 30.7% during the 4th quarter. Hudson Value Partners LLC now owns 50,658 shares of the computer hardware maker’s stock worth $6,805,000 after acquiring an additional 11,900 shares in the last quarter. Finally, Axis Wealth Partners LLC bought a new stake in shares of NVIDIA during the 4th quarter worth $505,000. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at NVIDIA

In related news, CFO Colette Kress sold 27,640 shares of NVIDIA stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $178.06, for a total transaction of $4,921,578.40. Following the sale, the chief financial officer directly owned 2,956,876 shares of the company’s stock, valued at $526,501,340.56. This trade represents a 0.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $182.38, for a total value of $13,678,500.00. Following the sale, the chief executive officer directly owned 73,223,225 shares in the company, valued at approximately $13,354,451,775.50. This trade represents a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,687,440 shares of company stock worth $862,095,782. 4.17% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on NVDA shares. Needham & Company LLC raised their price objective on NVIDIA from $160.00 to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, July 16th. TD Cowen raised their price objective on NVIDIA from $140.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, May 29th. Morgan Stanley raised their price objective on NVIDIA from $170.00 to $200.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 30th. Wedbush reissued an “outperform” rating on shares of NVIDIA in a research note on Thursday, May 29th. Finally, Seaport Res Ptn raised NVIDIA to a “strong sell” rating in a research note on Wednesday, April 30th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-two have assigned a buy rating and four have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $183.75.

NVIDIA Trading Down 0.4%

NVIDIA stock opened at $182.06 on Tuesday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.96 and a current ratio of 3.39. The business’s 50-day simple moving average is $160.71 and its 200-day simple moving average is $133.89. The firm has a market capitalization of $4.44 trillion, a PE ratio of 58.73, a PEG ratio of 1.61 and a beta of 2.14. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $183.88.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.06). The business had revenue of $44.06 billion during the quarter, compared to the consensus estimate of $43.09 billion. NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The company’s revenue for the quarter was up 69.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.61 earnings per share. Equities research analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

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