Cypress Capital Management LLC WY Sells 210 Shares of NVIDIA Corporation (NASDAQ:NVDA)

Cypress Capital Management LLC WY decreased its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 2.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,143 shares of the computer hardware maker’s stock after selling 210 shares during the quarter. NVIDIA makes up 1.3% of Cypress Capital Management LLC WY’s investment portfolio, making the stock its 24th biggest holding. Cypress Capital Management LLC WY’s holdings in NVIDIA were worth $1,099,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of NVDA. Copia Wealth Management bought a new position in NVIDIA in the 4th quarter valued at about $50,000. Barnes Dennig Private Wealth Management LLC bought a new position in NVIDIA in the 1st quarter worth approximately $51,000. Bruce G. Allen Investments LLC boosted its holdings 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 during the period. LSV Asset Management purchased a new stake in shares of NVIDIA during the 4th quarter valued at $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 worth $66,000 after purchasing an additional 283 shares during the period. Institutional investors own 65.27% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on NVDA shares. Morgan Stanley lifted their target price on shares of NVIDIA from $170.00 to $200.00 and gave the company an “overweight” rating in a research note on Wednesday, July 30th. Needham & Company LLC increased their price objective on shares of NVIDIA from $160.00 to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, July 16th. Mizuho raised their target price on shares of NVIDIA from $192.00 to $205.00 and gave the company an “outperform” rating in a research note on Thursday. BNP Paribas upgraded shares of NVIDIA to a “hold” rating in a research report on Friday, August 1st. Finally, Raymond James Financial raised their price objective 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 research 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 assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $186.33.

NVIDIA Trading Down 0.9%

NASDAQ NVDA opened at $180.45 on Friday. The firm’s 50-day moving average is $163.96 and its two-hundred day moving average is $135.36. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $184.48. 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 stock has a market capitalization of $4.40 trillion, a P/E ratio of 58.21, a PEG ratio of 1.60 and a beta of 2.14.

NVIDIA (NASDAQ:NVDA) last issued its quarterly 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). The business 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 firm’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 company posted $0.61 EPS. On average, sell-side analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

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

Insider Buying and Selling at NVIDIA

In related news, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $152.54, for a total transaction of $11,440,500.00. Following the completion of the sale, the chief executive officer directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Mark A. Stevens sold 935,000 shares of the stock in a transaction 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 sale, the director directly owned 9,214,697 shares of the company’s stock, valued at approximately $1,298,535,101.24. This represents a 9.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,837,440 shares of company stock valued at $889,404,782. 4.17% of the stock is currently owned by insiders.

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.