NVIDIA Corporation $NVDA Shares Sold by Genus Capital Management Inc.

Genus Capital Management Inc. trimmed its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 3.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 255,193 shares of the computer hardware maker’s stock after selling 7,996 shares during the quarter. NVIDIA makes up 5.1% of Genus Capital Management Inc.’s holdings, making the stock its biggest holding. Genus Capital Management Inc.’s holdings in NVIDIA were worth $40,318,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. SNS Financial Group LLC raised its holdings in NVIDIA by 10.3% during the 2nd quarter. SNS Financial Group LLC now owns 12,504 shares of the computer hardware maker’s stock worth $1,976,000 after purchasing an additional 1,171 shares during the last quarter. 360 Financial Inc. increased its position in shares of NVIDIA by 1.4% during the second quarter. 360 Financial Inc. now owns 26,310 shares of the computer hardware maker’s stock worth $4,157,000 after buying an additional 357 shares during the period. Arrowroot Family Office LLC bought a new position in NVIDIA during the second quarter worth $920,000. Ring Mountain Capital LLC lifted its holdings in NVIDIA by 9.1% in the second quarter. Ring Mountain Capital LLC now owns 48,011 shares of the computer hardware maker’s stock valued at $8,278,000 after buying an additional 3,996 shares during the period. Finally, Blue Barn Wealth LLC boosted its position in NVIDIA by 48.6% during the second quarter. Blue Barn Wealth LLC now owns 13,455 shares of the computer hardware maker’s stock valued at $2,126,000 after acquiring an additional 4,402 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors.

Insider Activity at NVIDIA

In related news, Director Harvey C. Jones sold 250,000 shares of the company’s stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $176.21, for a total transaction of $44,052,500.00. Following the completion of the sale, the director owned 7,183,280 shares in the company, valued at approximately $1,265,765,768.80. This represents a 3.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Mark A. Stevens sold 350,000 shares of the firm’s stock in a transaction on Friday, September 19th. The shares were sold at an average price of $176.39, for a total value of $61,736,500.00. Following the transaction, the director owned 7,399,803 shares in the company, valued at approximately $1,305,251,251.17. This trade represents a 4.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 2,937,203 shares of company stock valued at $529,264,894 over the last 90 days. Insiders own 4.17% of the company’s stock.

Analysts Set New Price Targets

NVDA has been the subject of several research analyst reports. Zacks Research raised NVIDIA from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 24th. Seaport Global Securities lifted their target price on NVIDIA from $100.00 to $140.00 and gave the stock a “sell” rating in a report on Monday, November 17th. KeyCorp increased their price target on NVIDIA from $250.00 to $275.00 and gave the stock an “overweight” rating in a report on Thursday, November 20th. Craig Hallum raised their price objective on shares of NVIDIA from $195.00 to $245.00 and gave the stock a “buy” rating in a research report on Thursday, August 28th. Finally, Wall Street Zen upgraded shares of NVIDIA from a “hold” rating to a “buy” rating in a research report on Sunday, October 19th. Five investment analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $258.65.

NVIDIA Stock Performance

NVDA opened at $179.59 on Thursday. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $212.19. The company has a market cap of $4.36 trillion, a price-to-earnings ratio of 44.56, a PEG ratio of 0.89 and a beta of 2.29. The company’s fifty day moving average price is $186.94 and its two-hundred day moving average price is $171.41. The company has a current ratio of 4.47, a quick ratio of 3.71 and a debt-to-equity ratio of 0.06.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 EPS for the quarter, topping the consensus estimate of $1.23 by $0.07. NVIDIA had a net margin of 53.01% and a return on equity of 99.24%. The company had revenue of $57.01 billion during the quarter, compared to the consensus estimate of $54.66 billion. During the same period in the previous year, the firm posted $0.81 earnings per share. The firm’s revenue for the quarter was up 62.5% on a year-over-year basis. On average, analysts expect 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 will be paid on Friday, December 26th. Stockholders of record on Thursday, December 4th will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date is Thursday, December 4th. NVIDIA’s dividend payout ratio (DPR) is currently 0.99%.

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.