BKM Wealth Management LLC Cuts Stock Holdings in NVIDIA Corporation $NVDA

BKM Wealth Management LLC lowered its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 5.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,685 shares of the computer hardware maker’s stock after selling 350 shares during the quarter. BKM Wealth Management LLC’s holdings in NVIDIA were worth $616,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the stock. WNY Asset Management LLC increased its holdings in NVIDIA by 9.7% in the first quarter. WNY Asset Management LLC now owns 37,981 shares of the computer hardware maker’s stock valued at $4,116,000 after buying an additional 3,346 shares during the last quarter. Montag A & Associates Inc. increased its holdings in NVIDIA by 4.9% in the first quarter. Montag A & Associates Inc. now owns 189,404 shares of the computer hardware maker’s stock valued at $20,530,000 after buying an additional 8,853 shares during the last quarter. Integrated Capital Management LLC increased its holdings in NVIDIA by 39.8% in the first quarter. Integrated Capital Management LLC now owns 5,033 shares of the computer hardware maker’s stock valued at $546,000 after buying an additional 1,434 shares during the last quarter. IFP Advisors Inc increased its holdings in NVIDIA by 8.5% in the first quarter. IFP Advisors Inc now owns 378,353 shares of the computer hardware maker’s stock valued at $41,007,000 after buying an additional 29,508 shares during the last quarter. Finally, Aspen Capital Management LLC purchased a new position in NVIDIA in the first quarter valued at $3,091,000. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $181.38, for a total value of $13,603,500.00. Following the completion of the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Colette Kress sold 27,640 shares of the stock in a transaction on Monday, August 4th. The shares were sold at an average price of $178.06, for a total value of $4,921,578.40. Following the completion of the sale, the chief financial officer owned 2,956,876 shares of the company’s stock, valued at approximately $526,501,340.56. This represents a 0.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,837,440 shares of company stock valued at $889,404,782. Insiders own 4.17% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on NVDA. Arete Research raised NVIDIA to a “strong-buy” rating in a report on Wednesday, May 21st. Rosenblatt Securities raised their price objective on NVIDIA from $178.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, May 29th. Loop Capital raised their price objective on NVIDIA from $175.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, June 25th. Needham & Company LLC raised their price objective on NVIDIA from $160.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, July 16th. Finally, Raymond James Financial raised their price objective on NVIDIA from $150.00 to $165.00 and gave the stock a “strong-buy” rating in a report on Thursday, May 29th. One 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 company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $186.33.

NVIDIA Trading Down 0.9%

Shares of NVIDIA stock opened at $180.45 on Monday. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $184.48. The firm has a market cap of $4.40 trillion, a PE ratio of 58.21, a P/E/G ratio of 1.59 and a beta of 2.14. The business’s fifty day moving average is $163.96 and its two-hundred day moving average is $135.52. The company has a quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.06). The business had revenue of $44.06 billion for the quarter, compared to analysts’ expectations of $43.09 billion. NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The company’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 earned $0.61 EPS. Analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The company 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. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date was Wednesday, June 11th. NVIDIA’s dividend payout ratio is presently 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.