NVIDIA Corporation (NASDAQ:NVDA) Shares Sold by HTG Investment Advisors Inc.

HTG Investment Advisors Inc. decreased its position in NVIDIA Corporation (NASDAQ:NVDA) by 10.2% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 3,815 shares of the computer hardware maker’s stock after selling 432 shares during the period. HTG Investment Advisors Inc.’s holdings in NVIDIA were worth $414,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Condor Capital Management raised its position in shares of NVIDIA by 3.6% in the fourth quarter. Condor Capital Management now owns 2,559 shares of the computer hardware maker’s stock valued at $344,000 after buying an additional 89 shares in the last quarter. High Note Wealth LLC raised its position in shares of NVIDIA by 0.5% in the first quarter. High Note Wealth LLC now owns 17,873 shares of the computer hardware maker’s stock valued at $1,937,000 after buying an additional 91 shares in the last quarter. Kelly Financial Services LLC raised its position in shares of NVIDIA by 2.0% in the first quarter. Kelly Financial Services LLC now owns 4,736 shares of the computer hardware maker’s stock valued at $513,000 after buying an additional 94 shares in the last quarter. Mendel Capital Management LLC raised its position in shares of NVIDIA by 0.8% in the first quarter. Mendel Capital Management LLC now owns 11,871 shares of the computer hardware maker’s stock valued at $1,287,000 after buying an additional 96 shares in the last quarter. Finally, Wallace Hart LLC raised its position in NVIDIA by 3.9% during the fourth quarter. Wallace Hart LLC now owns 2,599 shares of the computer hardware maker’s stock valued at $349,000 after purchasing an additional 97 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

NVIDIA Price Performance

Shares of NASDAQ NVDA opened at $181.62 on Thursday. The firm’s 50-day moving average price is $162.34 and its 200-day moving average price is $134.56. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $184.48. The firm has a market capitalization of $4.43 trillion, a P/E ratio of 58.59, a P/E/G ratio of 1.61 and a beta of 2.14. 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 announced 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). 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 prior year, the company posted $0.61 EPS. NVIDIA’s revenue for the quarter was up 69.2% on a year-over-year basis. Equities research analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders 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 dividend yield of 0.0%. NVIDIA’s dividend payout ratio is currently 1.29%.

Insider Activity at NVIDIA

In related news, CEO Jen Hsun Huang sold 75,000 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer owned 75,548,225 shares in the company, valued at $11,524,126,241.50. This represents a 0.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Ajay K. Puri sold 168,195 shares of the company’s stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $152.64, for a total transaction of $25,673,284.80. Following the completion of the sale, the executive vice president owned 4,018,547 shares in the company, valued at $613,391,014.08. This represents a 4.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,837,440 shares of company stock worth $889,404,782 over the last three months. 4.17% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on NVDA shares. Benchmark restated a “buy” rating and set a $190.00 price objective on shares of NVIDIA in a research report on Thursday, May 29th. Cantor Fitzgerald restated an “overweight” rating and set a $200.00 price objective on shares of NVIDIA in a research report on Wednesday, April 16th. TD Cowen boosted their price objective on shares of NVIDIA from $140.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, May 29th. Oppenheimer boosted their price objective on shares of NVIDIA from $175.00 to $200.00 and gave the company an “outperform” rating in a research report on Tuesday, July 15th. Finally, Piper Sandler set a $225.00 price objective on shares of NVIDIA and gave the company an “overweight” rating in a research report on Wednesday. One 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 presently has an average rating of “Moderate Buy” and an average price target of $185.97.

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.