NVIDIA Corporation (NASDAQ:NVDA) Shares Sold by Forum Financial Management LP

Forum Financial Management LP decreased its position in shares of NVIDIA Corporation (NASDAQ:NVDA) by 4.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 182,249 shares of the computer hardware maker’s stock after selling 7,749 shares during the period. NVIDIA comprises 0.3% of Forum Financial Management LP’s investment portfolio, making the stock its 24th biggest position. Forum Financial Management LP’s holdings in NVIDIA were worth $19,752,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Copia Wealth Management acquired a new stake in NVIDIA in the 4th quarter valued at about $50,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in NVIDIA in the 1st quarter valued at about $51,000. Bruce G. Allen Investments LLC raised its position in 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 purchasing an additional 327 shares in the last quarter. LSV Asset Management acquired a new stake in NVIDIA in the 4th quarter valued at about $54,000. Finally, Delos Wealth Advisors LLC raised its position in 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 purchasing an additional 283 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

Insider Buying and Selling

In other news, Director Tench Coxe sold 1,000,000 shares of the business’s stock in a transaction on Monday, June 9th. The stock was sold at an average price of $142.80, for a total value of $142,800,000.00. Following the completion of the transaction, the director directly 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of the business’s stock in a transaction 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 approximately $11,524,126,241.50. This trade represents a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,837,440 shares of company stock valued at $889,404,782. 4.17% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on NVDA. TD Cowen increased their price target on NVIDIA from $140.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, May 29th. Mizuho set a $192.00 target price on NVIDIA and gave the stock an “outperform” rating in a research report on Tuesday, July 15th. Oppenheimer raised their target price on NVIDIA from $175.00 to $200.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 15th. DA Davidson raised their target price on NVIDIA from $120.00 to $135.00 and gave the stock a “neutral” rating in a research report on Thursday, May 29th. Finally, Barclays raised their target price on NVIDIA from $170.00 to $200.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 17th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, thirty-two have given a buy rating and four have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $185.97.

NVIDIA Stock Performance

Shares of NVDA stock opened at $181.62 on Thursday. The stock has a fifty day moving average price of $162.34 and a 200 day moving average price of $134.56. The stock has a market cap of $4.43 trillion, a PE ratio of 58.59, a P/E/G ratio of 1.61 and a beta of 2.14. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $184.48. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.96 and a current ratio of 3.39.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data 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). The firm had revenue of $44.06 billion for the quarter, compared to analyst estimates of $43.09 billion. NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The business’s revenue for the quarter was up 69.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.61 earnings per share. Sell-side analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th were issued a $0.01 dividend. 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 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.