Buckhead Capital Management LLC Sells 241 Shares of NVIDIA Corporation (NASDAQ:NVDA)

Buckhead Capital Management LLC decreased its position in shares of NVIDIA Corporation (NASDAQ:NVDA) by 8.5% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,599 shares of the computer hardware maker’s stock after selling 241 shares during the quarter. Buckhead Capital Management LLC’s holdings in NVIDIA were worth $282,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Norges Bank purchased a new stake in NVIDIA in the 4th quarter worth $43,515,504,000. GAMMA Investing LLC grew its holdings in NVIDIA by 12,173.2% during the 1st quarter. GAMMA Investing LLC now owns 48,837,781 shares of the computer hardware maker’s stock valued at $5,293,039,000 after purchasing an additional 48,439,859 shares during the last quarter. Northern Trust Corp grew its holdings in NVIDIA by 15.8% during the 4th quarter. Northern Trust Corp now owns 266,454,194 shares of the computer hardware maker’s stock valued at $35,782,134,000 after purchasing an additional 36,266,817 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in NVIDIA by 204.6% during the 1st quarter. Assenagon Asset Management S.A. now owns 35,652,571 shares of the computer hardware maker’s stock valued at $3,864,026,000 after purchasing an additional 23,948,733 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in NVIDIA in the 4th quarter worth about $2,987,733,000. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Analysts Set New Price Targets

NVDA has been the topic of a number of recent research reports. Loop Capital increased their price objective on shares of NVIDIA from $175.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, June 25th. Arete Research upgraded shares of NVIDIA to a “strong-buy” rating in a research report on Wednesday, May 21st. DA Davidson upped their price target on shares of NVIDIA from $120.00 to $135.00 and gave the stock a “neutral” rating in a research report on Thursday, May 29th. Piper Sandler set a $225.00 price target on shares of NVIDIA and gave the stock an “overweight” rating in a research report on Wednesday. Finally, Raymond James Financial lifted their target price on shares of NVIDIA from $150.00 to $165.00 and gave the stock a “strong-buy” rating in a research note on Thursday, May 29th. One analyst has rated the stock with a sell rating, five have given a hold rating, thirty-two have issued a buy rating and four have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $186.33.

NVIDIA Price Performance

Shares of NVDA opened at $180.45 on Friday. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $184.48. The business’s fifty day moving average is $163.96 and its 200 day moving average is $135.36. 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 stock has a market cap of $4.40 trillion, a P/E ratio of 58.21, a P/E/G ratio of 1.60 and a beta of 2.14.

NVIDIA (NASDAQ:NVDA) last announced 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 net margin of 51.69% and a return on equity of 105.09%. The business had revenue of $44.06 billion for the quarter, compared to analysts’ expectations of $43.09 billion. During the same period in the prior year, the business earned $0.61 earnings per share. The company’s revenue for the quarter was up 69.2% compared to the same quarter last year. Sell-side analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal 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 $0.01 dividend. The ex-dividend date was Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. NVIDIA’s payout ratio is presently 1.29%.

Insider Buying and Selling

In other news, CFO Colette Kress sold 20,000 shares of the company’s stock in a transaction on Monday, August 4th. The stock was sold at an average price of $178.06, for a total transaction of $3,561,200.00. Following the transaction, the chief financial officer directly owned 153,060 shares of the company’s stock, valued at $27,253,863.60. This represents a 11.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $181.38, for a total value of $13,603,500.00. Following the completion of the transaction, the chief executive officer directly owned 72,998,225 shares in the company, valued at approximately $13,240,418,050.50. This represents a 0.10% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,837,440 shares of company stock valued at $889,404,782 in the last 90 days. 4.17% of the stock is currently owned by corporate insiders.

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.