Bensler LLC Sells 5,706 Shares of NVIDIA Corporation (NASDAQ:NVDA)

Bensler LLC cut its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 2.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 278,996 shares of the computer hardware maker's stock after selling 5,706 shares during the period. NVIDIA accounts for approximately 3.8% of Bensler LLC's investment portfolio, making the stock its 3rd largest holding. Bensler LLC's holdings in NVIDIA were worth $30,238,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Tacita Capital Inc acquired a new position in shares of NVIDIA during the fourth quarter valued at $28,000. Vision Financial Markets LLC acquired a new position in shares of NVIDIA during the fourth quarter valued at $38,000. Copia Wealth Management acquired a new position in shares of NVIDIA during the fourth quarter valued at $50,000. LSV Asset Management acquired a new position in shares of NVIDIA during the fourth quarter valued at $54,000. Finally, Bruce G. Allen Investments LLC increased 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 period. 65.27% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently commented on NVDA shares. William Blair reissued an "outperform" rating on shares of NVIDIA in a report on Thursday, March 20th. HSBC cut NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 target price for the company. in a research note on Thursday, April 3rd. DZ Bank raised NVIDIA from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 28th. Truist Financial raised their target price on NVIDIA from $205.00 to $210.00 and gave the company a "buy" rating in a research note on Thursday, May 29th. Finally, Bank of America raised their target price on NVIDIA from $150.00 to $160.00 and gave the company a "buy" rating in a research note on Wednesday, May 14th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-four have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $175.78.

NVIDIA Trading Up 1.8%

Shares of NASDAQ NVDA opened at $157.75 on Friday. NVIDIA Corporation has a one year low of $86.62 and a one year high of $158.71. The firm has a market capitalization of $3.85 trillion, a PE ratio of 50.89, a PEG ratio of 1.37 and a beta of 2.12. The company has a current ratio of 3.39, a quick ratio of 2.96 and a debt-to-equity ratio of 0.10. The business has a 50-day moving average price of $130.96 and a two-hundred day moving average price of $127.05.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The business had revenue of $44.06 billion for the quarter, compared to analyst estimates of $43.09 billion. During the same quarter in the previous year, the business posted $0.61 earnings per share. The company's revenue was up 69.2% compared to the same quarter last year. As a group, analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. NVIDIA's payout ratio is presently 1.29%.

Insider Activity

In other news, EVP Ajay K. Puri sold 168,195 shares of NVIDIA stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $152.64, for a total transaction of $25,673,284.80. Following the completion of the sale, the executive vice president now directly owns 4,018,547 shares in the company, valued at $613,391,014.08. The trade was a 4.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director A Brooke Seawell sold 55,282 shares of NVIDIA stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $144.71, for a total value of $7,999,858.22. Following the sale, the director now owns 1,944,718 shares of the company's stock, valued at approximately $281,420,141.78. This represents a 2.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,792,267 shares of company stock worth $544,823,117 in the last three months. 4.17% of the stock is 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.

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