Vista Capital Partners Inc. Sells 774 Shares of NVIDIA Corporation $NVDA

Vista Capital Partners Inc. cut its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA) by 3.8% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 19,794 shares of the computer hardware maker’s stock after selling 774 shares during the period. NVIDIA accounts for 0.3% of Vista Capital Partners Inc.’s holdings, making the stock its 19th biggest holding. Vista Capital Partners Inc.’s holdings in NVIDIA were worth $2,145,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Copia Wealth Management bought a new position in shares of NVIDIA during the fourth quarter valued at approximately $50,000. Barnes Dennig Private Wealth Management LLC purchased a new stake in NVIDIA during the first quarter valued at approximately $51,000. Bruce G. Allen Investments LLC lifted its position in NVIDIA by 198.2% during the first quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker’s stock valued at $53,000 after acquiring an additional 327 shares during the last quarter. LSV Asset Management purchased a new stake in NVIDIA during the fourth quarter valued at approximately $54,000. Finally, Delos Wealth Advisors LLC lifted its position in NVIDIA by 134.8% during the fourth quarter. Delos Wealth Advisors LLC now owns 493 shares of the computer hardware maker’s stock valued at $66,000 after acquiring an additional 283 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors.

NVIDIA Stock Up 0.9%

Shares of NASDAQ NVDA opened at $182.01 on Tuesday. The company’s 50-day simple moving average is $164.75 and its 200-day simple moving average is $135.95. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $184.48. The firm has a market cap of $4.44 trillion, a price-to-earnings ratio of 58.71, a price-to-earnings-growth ratio of 1.59 and a beta of 2.14. 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 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 company had revenue of $44.06 billion during the quarter, compared to analyst estimates of $43.09 billion. During the same quarter last year, the business earned $0.61 EPS. The firm’s revenue for the quarter was up 69.2% compared to the same quarter last year. Equities analysts predict that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on NVDA shares. DA Davidson increased their target price on shares of NVIDIA from $120.00 to $135.00 and gave the company a “neutral” rating in a research report on Thursday, May 29th. Cantor Fitzgerald reissued an “overweight” rating and set a $240.00 target price (up previously from $200.00) on shares of NVIDIA in a research report on Monday. Arete Research raised shares of NVIDIA to a “strong-buy” rating in a research report on Wednesday, May 21st. TD Cowen increased their target price on shares of NVIDIA from $140.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, May 29th. Finally, Barclays increased their target price on shares of NVIDIA from $170.00 to $200.00 and gave the company an “overweight” rating in a research report on Tuesday, June 17th. 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 assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $187.61.

Insider Activity

In other news, CFO Colette Kress sold 27,640 shares of NVIDIA 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 sale, the chief financial officer owned 2,956,876 shares in the company, valued at $526,501,340.56. This trade represents a 0.93% 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, CEO Jen Hsun Huang sold 75,000 shares of the firm’s stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $179.76, for a total transaction of $13,482,000.00. Following the completion of the transaction, the chief executive officer directly owned 72,848,225 shares in the company, valued at approximately $13,095,196,926. This represents a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,912,440 shares of company stock worth $902,886,782. Company insiders own 4.17% of the company’s stock.

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.