NVIDIA Corporation (NASDAQ:NVDA) Shares Sold by Kooman & Associates

Kooman & Associates cut its position in NVIDIA Corporation (NASDAQ:NVDA) by 2.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,072 shares of the computer hardware maker’s stock after selling 222 shares during the quarter. NVIDIA accounts for 0.4% of Kooman & Associates’ holdings, making the stock its 19th largest holding. Kooman & Associates’ holdings in NVIDIA were worth $983,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Kingsview Wealth Management LLC grew its stake in shares of NVIDIA by 7.3% in the first quarter. Kingsview Wealth Management LLC now owns 987,285 shares of the computer hardware maker’s stock valued at $107,002,000 after buying an additional 66,986 shares in the last quarter. Frederick Financial Consultants LLC grew its stake in shares of NVIDIA by 18.8% in the first quarter. Frederick Financial Consultants LLC now owns 19,706 shares of the computer hardware maker’s stock valued at $2,136,000 after buying an additional 3,119 shares in the last quarter. Bailard Inc. grew its stake in shares of NVIDIA by 28.2% in the first quarter. Bailard Inc. now owns 1,020,409 shares of the computer hardware maker’s stock valued at $110,592,000 after buying an additional 224,741 shares in the last quarter. Archvest Wealth Advisors Inc. grew its stake in shares of NVIDIA by 19.3% in the first quarter. Archvest Wealth Advisors Inc. now owns 8,801 shares of the computer hardware maker’s stock valued at $954,000 after buying an additional 1,423 shares in the last quarter. Finally, Montrusco Bolton Investments Inc. grew its stake in NVIDIA by 9.5% during the 1st quarter. Montrusco Bolton Investments Inc. now owns 5,296,119 shares of the computer hardware maker’s stock worth $560,656,000 after purchasing an additional 457,631 shares in the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. UBS Group reissued a “buy” rating on shares of NVIDIA in a research note on Friday, May 23rd. BNP Paribas raised NVIDIA to a “hold” rating in a research note on Friday, August 1st. Summit Insights raised NVIDIA from a “hold” rating to a “buy” rating in a research note on Thursday, May 29th. Raymond James Financial boosted their target price on NVIDIA from $150.00 to $165.00 and gave the stock a “strong-buy” rating in a research note on Thursday, May 29th. Finally, Benchmark reissued a “buy” rating and set a $190.00 target price on shares of NVIDIA in a research note on Thursday, May 29th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-two have issued a buy rating and four have assigned a strong buy rating to the stock. According to MarketBeat, NVIDIA presently has an average rating of “Moderate Buy” and an average price target of $185.97.

NVIDIA Stock Down 0.8%

NVDA opened at $181.62 on Thursday. The business has a 50 day moving average price of $162.34 and a two-hundred day moving average price of $134.56. The company has a quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10. The company 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 52 week low of $86.62 and a 52 week high of $184.48.

NVIDIA (NASDAQ:NVDA) last released its earnings results 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). NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The business had revenue of $44.06 billion for the quarter, compared to analyst estimates of $43.09 billion. During the same quarter in the previous year, the firm posted $0.61 EPS. The business’s revenue for the quarter was up 69.2% on a year-over-year basis. As a group, research analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

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

Insiders Place Their Bets

In other NVIDIA news, EVP Ajay K. Puri sold 168,195 shares of the business’s stock in a transaction that occurred on 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 transaction, the executive vice president owned 4,018,547 shares in the company, valued at approximately $613,391,014.08. The trade was a 4.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Mark A. Stevens sold 935,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $140.92, for a total value of $131,760,200.00. Following the transaction, the director owned 9,214,697 shares in the company, valued at $1,298,535,101.24. The trade was a 9.21% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,837,440 shares of company stock worth $889,404,782. Company insiders own 4.17% of the company’s stock.

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.