NVIDIA Corporation $NVDA Shares Sold by Financially Speaking Inc

Financially Speaking Inc cut its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 80.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 742 shares of the computer hardware maker’s stock after selling 3,037 shares during the quarter. NVIDIA accounts for approximately 0.1% of Financially Speaking Inc’s holdings, making the stock its 21st biggest position. Financially Speaking Inc’s holdings in NVIDIA were worth $80,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NVDA. Kathleen S. Wright Associates Inc. boosted its holdings in NVIDIA by 169.3% in the 1st quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker’s stock worth $44,000 after acquiring an additional 254 shares during the period. Copia Wealth Management bought a new position in shares of NVIDIA in the fourth quarter worth $50,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of NVIDIA in the first quarter valued at $51,000. Bruce G. Allen Investments LLC lifted 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 stake in NVIDIA in the 4th quarter worth about $54,000. Hedge funds and other institutional investors own 65.27% of the company’s stock.

NVIDIA Trading Down 0.1%

Shares of NASDAQ:NVDA opened at $181.60 on Thursday. The business’s 50 day simple moving average is $169.53 and its 200 day simple moving average is $138.41. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.39 and a quick ratio of 2.96. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $184.48. The company has a market capitalization of $4.43 trillion, a P/E ratio of 58.58, a P/E/G ratio of 1.59 and a beta of 2.14.

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 return on equity of 105.09% and a net margin of 51.69%.The company had revenue of $44.06 billion for the quarter, compared to the consensus estimate of $43.09 billion. During the same period in the prior year, the business earned $0.61 earnings per share. The firm’s revenue for the quarter was up 69.2% on a year-over-year basis. On average, research analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Thursday, September 11th will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. NVIDIA’s dividend payout ratio (DPR) is presently 1.29%.

Insiders Place Their Bets

In other news, CEO Jen Hsun Huang sold 75,000 shares of the company’s stock in a transaction dated Friday, August 15th. The shares were 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 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 is accessible through this hyperlink. 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 sale, the chief financial officer owned 2,956,876 shares of the company’s stock, valued at $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. Insiders have sold a total of 5,912,440 shares of company stock worth $902,886,782 in the last three months. Insiders own 4.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on NVDA shares. TD Cowen increased their price objective on NVIDIA from $140.00 to $235.00 and gave the company a “buy” rating in a report on Tuesday, August 19th. Summit Insights raised NVIDIA from a “hold” rating to a “buy” rating in a report on Thursday, May 29th. Morgan Stanley restated an “overweight” rating and set a $206.00 target price (up previously from $200.00) on shares of NVIDIA in a research report on Monday, August 18th. Oppenheimer lifted their price objective on NVIDIA from $175.00 to $200.00 and gave the company an “outperform” rating in a research report on Tuesday, July 15th. Finally, Robert W. Baird boosted their target price on NVIDIA from $195.00 to $225.00 and gave the stock an “outperform” rating in a research report on Monday. Four analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, NVIDIA currently has a consensus rating of “Moderate Buy” and an average price target of $194.31.

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.