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

BKM Wealth Management LLC reduced its position in shares of NVIDIA Corporation (NASDAQ:NVDA) by 5.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,685 shares of the computer hardware maker’s stock after selling 350 shares during the period. BKM Wealth Management LLC’s holdings in NVIDIA were worth $616,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. WNY Asset Management LLC lifted its stake 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 worth $4,116,000 after purchasing an additional 3,346 shares during the last quarter. Montag A & Associates Inc. grew 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 worth $20,530,000 after purchasing an additional 8,853 shares during the period. Integrated Capital Management LLC grew 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 worth $546,000 after purchasing an additional 1,434 shares during the period. IFP Advisors Inc lifted its stake in shares of NVIDIA by 8.5% in the first quarter. IFP Advisors Inc now owns 378,353 shares of the computer hardware maker’s stock worth $41,007,000 after buying an additional 29,508 shares in the last quarter. Finally, Aspen Capital Management LLC bought a new position in shares of NVIDIA in the first quarter worth approximately $3,091,000. 65.27% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Jen Hsun Huang sold 75,000 shares of the firm’s stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $181.38, for a total transaction of $13,603,500.00. Following the sale, the chief executive officer owned 72,998,225 shares of the company’s stock, valued at $13,240,418,050.50. This trade represents a 0.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Colette Kress sold 27,640 shares of the business’s stock in a transaction dated 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 transaction, the chief financial officer directly owned 2,956,876 shares in the company, valued at $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. In the last ninety days, insiders sold 5,837,440 shares of company stock worth $889,404,782. Company insiders own 4.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on NVDA. UBS Group restated a “buy” rating on shares of NVIDIA in a research report on Friday, May 23rd. DA Davidson lifted their price target on shares of NVIDIA from $120.00 to $135.00 and gave the company a “neutral” rating in a report on Thursday, May 29th. Needham & Company LLC lifted 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. Oppenheimer lifted their price objective on shares of NVIDIA from $175.00 to $200.00 and gave the company an “outperform” rating in a report on Tuesday, July 15th. Finally, Benchmark restated a “buy” rating and issued a $190.00 price target on shares of NVIDIA 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 assigned a buy rating and four have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $186.33.

NVIDIA Stock Performance

Shares of NASDAQ NVDA opened at $180.45 on Monday. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $184.48. The stock has a market capitalization of $4.40 trillion, a PE ratio of 58.21, a price-to-earnings-growth ratio of 1.59 and a beta of 2.14. The stock has a 50 day moving average price of $163.96 and a 200 day moving average price of $135.52. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.96 and a current ratio of 3.39.

NVIDIA (NASDAQ:NVDA) last announced its 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 firm had revenue of $44.06 billion for the quarter, compared to the consensus estimate of $43.09 billion. NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. NVIDIA’s revenue for the quarter was up 69.2% on a year-over-year basis. During the same quarter last year, the business posted $0.61 EPS. Analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date of this dividend was Wednesday, June 11th. NVIDIA’s dividend payout ratio (DPR) is currently 1.29%.

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.