Sage Private Wealth Group LLC Sells 923 Shares of NVIDIA Corporation (NASDAQ:NVDA)

Sage Private Wealth Group LLC trimmed its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA) by 3.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 25,231 shares of the computer hardware maker’s stock after selling 923 shares during the period. NVIDIA accounts for 2.1% of Sage Private Wealth Group LLC’s portfolio, making the stock its 9th biggest position. Sage Private Wealth Group LLC’s holdings in NVIDIA were worth $2,735,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. First Command Advisory Services Inc. raised its holdings in shares of NVIDIA by 2.6% during the first quarter. First Command Advisory Services Inc. now owns 22,808 shares of the computer hardware maker’s stock worth $2,472,000 after purchasing an additional 575 shares during the period. Lord & Richards Wealth Management LLC grew its position in shares of NVIDIA by 189.1% during the first quarter. Lord & Richards Wealth Management LLC now owns 17,048 shares of the computer hardware maker’s stock worth $1,848,000 after acquiring an additional 11,152 shares during the last quarter. Mountain Hill Investment Partners Corp. grew its position in shares of NVIDIA by 746.0% during the first quarter. Mountain Hill Investment Partners Corp. now owns 53,312 shares of the computer hardware maker’s stock worth $5,778,000 after acquiring an additional 47,010 shares during the last quarter. BluePointe Capital Management LLC grew its position in shares of NVIDIA by 273.0% during the first quarter. BluePointe Capital Management LLC now owns 97,500 shares of the computer hardware maker’s stock worth $10,568,000 after acquiring an additional 71,359 shares during the last quarter. Finally, Prevail Innovative Wealth Advisors LLC grew its position in shares of NVIDIA by 45.1% during the first quarter. Prevail Innovative Wealth Advisors LLC now owns 68,087 shares of the computer hardware maker’s stock worth $7,379,000 after acquiring an additional 21,169 shares during the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently commented on NVDA. Mizuho set a $192.00 price target on shares of NVIDIA and gave the stock an “outperform” rating in a research report on Tuesday, July 15th. Oppenheimer upped their price target on shares of NVIDIA from $175.00 to $200.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 15th. Loop Capital upped their price target on shares of NVIDIA from $175.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, June 25th. BNP Paribas upgraded shares of NVIDIA to a “hold” rating in a research report on Friday, August 1st. Finally, Phillip Securities upgraded shares of NVIDIA from a “moderate buy” rating to a “strong-buy” rating in a research report on Monday, July 14th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, thirty-two have assigned a buy rating and four have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $183.75.

NVIDIA Price Performance

NASDAQ NVDA opened at $182.06 on Tuesday. The company has a 50 day simple moving average of $160.71 and a 200-day simple moving average of $133.89. 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 firm has a market capitalization of $4.44 trillion, a price-to-earnings ratio of 58.73, a price-to-earnings-growth 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 issued its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.06). The business had revenue of $44.06 billion for the quarter, compared to the consensus estimate of $43.09 billion. NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. NVIDIA’s revenue was up 69.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.61 EPS. Equities research analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.0%. NVIDIA’s dividend payout ratio (DPR) is currently 1.29%.

Insider Activity

In other news, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $152.54, for a total value of $11,440,500.00. Following the transaction, the chief executive officer 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Tench Coxe sold 1,000,000 shares of NVIDIA stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $142.80, for a total transaction of $142,800,000.00. Following the completion of the transaction, the director directly owned 26,671,360 shares in the company, valued at approximately $3,808,670,208. This represents a 3.61% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,687,440 shares of company stock worth $862,095,782. 4.17% of the stock is owned by company insiders.

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.