Beaton Management Co. Inc. Has $6.79 Million Stake in NVIDIA Corporation (NASDAQ:NVDA)

Beaton Management Co. Inc. reduced its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 6.0% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 62,635 shares of the computer hardware maker's stock after selling 4,010 shares during the period. NVIDIA makes up approximately 3.5% of Beaton Management Co. Inc.'s portfolio, making the stock its 2nd largest position. Beaton Management Co. Inc.'s holdings in NVIDIA were worth $6,788,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. 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 last quarter. GSB Wealth Management LLC grew its position in shares of NVIDIA by 3.3% in 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 purchasing an additional 1,043 shares during the last quarter. Variant Private Wealth LLC grew its position in shares of NVIDIA by 20.6% in 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 purchasing an additional 3,206 shares during the last quarter. Financial Perspectives Inc grew its position in shares of NVIDIA by 2.8% in the first quarter. Financial Perspectives Inc now owns 45,958 shares of the computer hardware maker's stock valued at $4,981,000 after purchasing an additional 1,265 shares during the last quarter. Finally, Hickory Point Bank & Trust acquired a new stake in shares of NVIDIA in the fourth quarter valued at approximately $2,272,000. 65.27% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Mark A. Stevens sold 935,000 shares of the firm's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $140.92, for a total transaction of $131,760,200.00. Following the completion of the sale, the director directly owned 9,214,697 shares in the company, valued at $1,298,535,101.24. This trade represents a 9.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Ajay K. Puri sold 168,195 shares of the business's stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $152.64, for a total value of $25,673,284.80. Following the completion of the transaction, the executive vice president owned 4,018,547 shares in the company, valued at approximately $613,391,014.08. This trade represents a 4.02% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 5,264,800 shares of company stock valued at $786,735,503. 4.17% of the stock is owned by company insiders.

NVIDIA Stock Up 1.9%

NASDAQ:NVDA traded up $3.25 during mid-day trading on Monday, hitting $176.75. The company had a trading volume of 139,407,827 shares, compared to its average volume of 155,064,304. The business has a fifty day simple moving average of $151.77 and a 200-day simple moving average of $131.09. The company has a current ratio of 3.39, a quick ratio of 2.96 and a debt-to-equity ratio of 0.10. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $177.00. The firm has a market capitalization of $4.31 trillion, a price-to-earnings ratio of 57.02, a PEG ratio of 1.53 and a beta of 2.13.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings data 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). NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The company had revenue of $44.06 billion during the quarter, compared to analysts' expectations of $43.09 billion. During the same period last year, the business earned $0.61 earnings per share. The company's revenue for the quarter was up 69.2% compared to the same quarter last year. Equities analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.02%. The ex-dividend date of this dividend was Wednesday, June 11th. NVIDIA's dividend payout ratio (DPR) is presently 1.29%.

Wall Street Analyst Weigh In

NVDA has been the topic of several research reports. Seaport Res Ptn upgraded shares of NVIDIA to a "strong sell" rating in a research report on Wednesday, April 30th. Mizuho set a $192.00 price target on shares of NVIDIA and gave the company an "outperform" rating in a research report on Tuesday, July 15th. Arete Research upgraded shares of NVIDIA to a "strong-buy" rating in a research report on Wednesday, May 21st. Hsbc Global Res lowered shares of NVIDIA from a "strong-buy" rating to a "hold" rating in a research report on Thursday, April 3rd. Finally, Truist Financial raised their target price on shares of NVIDIA from $205.00 to $210.00 and gave the stock a "buy" rating in a research report on Thursday, May 29th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-three have given a buy rating and four have given a strong buy rating to the company's stock. According to MarketBeat.com, NVIDIA currently has a consensus rating of "Moderate Buy" and an average price target of $181.22.

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.