DeDora Capital Inc. reduced its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA – Free Report) by 8.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,868 shares of the computer hardware maker’s stock after selling 5,168 shares during the period. NVIDIA accounts for about 1.7% of DeDora Capital Inc.’s investment portfolio, making the stock its 14th largest holding. DeDora Capital Inc.’s holdings in NVIDIA were worth $6,055,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Kathleen S. Wright Associates Inc. raised its holdings in shares of NVIDIA by 169.3% during the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker’s stock valued at $44,000 after purchasing an additional 254 shares during the last quarter. Copia Wealth Management purchased 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 position in shares of NVIDIA during the first quarter valued at approximately $51,000. Bruce G. Allen Investments LLC raised its holdings in shares of 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 purchasing an additional 327 shares during the last quarter. Finally, LSV Asset Management purchased a new position in shares of NVIDIA during the fourth quarter valued at approximately $54,000. 65.27% of the stock is owned by hedge funds and other institutional investors.
NVIDIA Price Performance
Shares of NASDAQ:NVDA opened at $175.64 on Wednesday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.96 and a current ratio of 3.39. The firm has a fifty day moving average price of $165.38 and a 200 day moving average price of $136.23. 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 $4.29 trillion, a price-to-earnings ratio of 56.66, a P/E/G ratio of 1.60 and a beta of 2.14.
NVIDIA Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th were paid a $0.01 dividend. The ex-dividend date of this dividend was Wednesday, June 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. NVIDIA’s dividend payout ratio is currently 1.29%.
Insider Buying and Selling at NVIDIA
In other news, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction on Friday, August 15th. The shares were sold at an average price of $179.76, for a total value of $13,482,000.00. Following the sale, the chief executive officer owned 72,848,225 shares of the company’s stock, valued at approximately $13,095,196,926. This represents a 0.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Colette Kress sold 27,640 shares of the firm’s stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $178.06, for a total transaction 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 position. The disclosure for this sale can be found here. In the last three months, insiders sold 5,912,440 shares of company stock worth $902,886,782. Insiders own 4.17% of the company’s stock.
Analysts Set New Price Targets
A number of brokerages have commented on NVDA. Truist Financial upped their target price on shares of NVIDIA from $205.00 to $210.00 and gave the company a “buy” rating in a report on Thursday, May 29th. Benchmark reaffirmed a “buy” rating and set a $190.00 target price on shares of NVIDIA in a report on Thursday, May 29th. Citigroup reaffirmed an “overweight” rating on shares of NVIDIA in a report on Monday. Seaport Res Ptn raised shares of NVIDIA to a “strong sell” rating in a report on Wednesday, April 30th. Finally, Summit Insights raised shares of NVIDIA from a “hold” rating to a “buy” rating in a report on Thursday, May 29th. Four analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $189.28.
Check Out Our Latest Research Report on NVDA
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.
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