New Republic Capital LLC Sells 1,395 Shares of NVIDIA Corporation $NVDA

New Republic Capital LLC trimmed its stake in NVIDIA Corporation (NASDAQ:NVDA) by 4.2% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,110 shares of the computer hardware maker’s stock after selling 1,395 shares during the quarter. NVIDIA makes up about 1.5% of New Republic Capital LLC’s portfolio, making the stock its 12th biggest holding. New Republic Capital LLC’s holdings in NVIDIA were worth $3,480,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of NVDA. Norges Bank bought a new position in NVIDIA in the fourth quarter valued at approximately $43,515,504,000. GAMMA Investing LLC increased its holdings in shares of NVIDIA by 12,173.2% during the 1st quarter. GAMMA Investing LLC now owns 48,837,781 shares of the computer hardware maker’s stock worth $5,293,039,000 after acquiring an additional 48,439,859 shares during the last quarter. Northern Trust Corp increased its holdings in shares of NVIDIA by 15.8% during the 4th quarter. Northern Trust Corp now owns 266,454,194 shares of the computer hardware maker’s stock worth $35,782,134,000 after acquiring an additional 36,266,817 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in NVIDIA by 204.6% in the 1st quarter. Assenagon Asset Management S.A. now owns 35,652,571 shares of the computer hardware maker’s stock valued at $3,864,026,000 after acquiring an additional 23,948,733 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in NVIDIA in the 4th quarter valued at $2,987,733,000. 65.27% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on NVDA. Arete Research upgraded NVIDIA to a “strong-buy” rating in a research note on Wednesday, May 21st. Rosenblatt Securities increased their price target on NVIDIA from $178.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, May 29th. Wedbush increased their price target on NVIDIA from $175.00 to $210.00 and gave the company an “outperform” rating in a research note on Thursday, August 21st. Morgan Stanley restated an “overweight” rating and issued a $206.00 price target (up previously from $200.00) on shares of NVIDIA in a research note on Monday, August 18th. Finally, The Goldman Sachs Group began coverage on NVIDIA in a research note on Thursday, July 10th. They issued a “buy” rating and a $185.00 price target on the stock. Four equities research 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 assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $194.31.

NVIDIA Stock Performance

NVDA opened at $181.60 on Thursday. The firm has a market cap of $4.43 trillion, a P/E ratio of 58.58, a price-to-earnings-growth ratio of 1.59 and a beta of 2.14. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $184.48. 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 business’s fifty day moving average is $169.53 and its 200-day moving average is $138.41.

NVIDIA (NASDAQ:NVDA) last released 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). The company 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 business’s revenue for the quarter was up 69.2% compared to the same quarter last year. During the same period last year, the company posted $0.61 earnings per share. Sell-side analysts expect that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. NVIDIA’s dividend payout ratio (DPR) 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 stock was sold at an average price of $179.76, for a total transaction of $13,482,000.00. Following the sale, the chief executive officer directly 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Colette Kress sold 27,640 shares of the stock in a transaction on Monday, August 4th. The stock was sold at an average price of $178.06, for a total value of $4,921,578.40. Following the sale, the chief financial officer directly owned 2,956,876 shares in the company, valued at approximately $526,501,340.56. This trade represents a 0.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,912,440 shares of company stock worth $902,886,782. 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.