NVIDIA Corporation $NVDA Shares Sold by Purkiss Capital Advisors LLC

Purkiss Capital Advisors LLC decreased its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 5.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,800 shares of the computer hardware maker’s stock after selling 650 shares during the quarter. NVIDIA accounts for about 1.0% of Purkiss Capital Advisors LLC’s holdings, making the stock its 19th largest holding. Purkiss Capital Advisors LLC’s holdings in NVIDIA were worth $1,279,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Astoria Portfolio Advisors LLC. grew its position in shares of NVIDIA by 0.9% in the first quarter. Astoria Portfolio Advisors LLC. now owns 93,568 shares of the computer hardware maker’s stock valued at $9,610,000 after purchasing an additional 864 shares during the period. Centerpoint Advisory Group grew its position in shares of NVIDIA by 2.5% in the first quarter. Centerpoint Advisory Group now owns 39,398 shares of the computer hardware maker’s stock valued at $4,270,000 after purchasing an additional 943 shares during the period. GSB Wealth Management LLC raised its holdings in shares of NVIDIA by 3.3% during the first quarter. GSB Wealth Management LLC now owns 32,611 shares of the computer hardware maker’s stock valued at $3,534,000 after acquiring an additional 1,043 shares during the last quarter. Variant Private Wealth LLC raised its holdings in shares of NVIDIA by 20.6% during the first quarter. Variant Private Wealth LLC now owns 18,800 shares of the computer hardware maker’s stock valued at $2,038,000 after acquiring an additional 3,206 shares during the last quarter. Finally, Financial Perspectives Inc raised its holdings in shares of NVIDIA by 2.8% during the first quarter. Financial Perspectives Inc now owns 45,958 shares of the computer hardware maker’s stock valued at $4,981,000 after acquiring an additional 1,265 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

NVIDIA Trading Down 0.1%

NVDA opened at $181.60 on Thursday. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $184.48. The business has a fifty day simple moving average of $169.53 and a 200-day simple moving average of $138.41. The firm has a market cap 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. 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 released its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.06). The firm had revenue of $44.06 billion for the quarter, compared to analysts’ expectations of $43.09 billion. NVIDIA had a return on equity of 105.09% and a net margin of 51.69%.The company’s quarterly revenue was up 69.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.61 earnings per share. On average, equities analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. NVIDIA’s payout ratio is currently 1.29%.

Insiders Place Their Bets

In other news, CFO Colette Kress sold 27,640 shares of NVIDIA 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 sale, the chief financial officer owned 2,956,876 shares in the company, valued at approximately $526,501,340.56. The trade was a 0.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction dated Friday, August 15th. The stock was 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 in the company, valued at $13,095,196,926. This trade represents a 0.10% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,912,440 shares of company stock worth $902,886,782. 4.17% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on NVDA shares. DA Davidson increased their target price on NVIDIA from $120.00 to $135.00 and gave the company a “neutral” rating in a report on Thursday, May 29th. Benchmark reissued a “buy” rating and set a $190.00 target price on shares of NVIDIA in a report on Thursday, May 29th. Citigroup reissued an “overweight” rating on shares of NVIDIA in a report on Monday, August 18th. Needham & Company LLC upped their price target on NVIDIA from $160.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday, July 16th. Finally, Rosenblatt Securities upped their price target on NVIDIA from $178.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, May 29th. Four research analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $194.31.

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.