Boston Standard Wealth Management LLC Sells 115,893 Shares of NVIDIA Co. (NASDAQ:NVDA)

Boston Standard Wealth Management LLC decreased its holdings in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 97.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,164 shares of the computer hardware maker's stock after selling 115,893 shares during the quarter. Boston Standard Wealth Management LLC's holdings in NVIDIA were worth $343,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Tacita Capital Inc purchased a new position in shares of NVIDIA during the 4th quarter valued at about $28,000. Vision Financial Markets LLC bought a new stake in NVIDIA in the fourth quarter valued at approximately $38,000. Luken Investment Analytics LLC bought a new stake in NVIDIA in the 4th quarter worth $40,000. Copia Wealth Management bought a new stake in shares of NVIDIA in the fourth quarter worth about $50,000. Finally, LSV Asset Management bought a new position in shares of NVIDIA during the fourth quarter valued at approximately $54,000. 65.27% of the stock is currently owned by institutional investors.

Insider Transactions at NVIDIA

In related news, Director Aarti S. Shah sold 20,000 shares of the firm's stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $118.42, for a total value of $2,368,400.00. Following the transaction, the director now owns 53,208 shares of the company's stock, valued at $6,300,891.36. This trade represents a 27.32% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Mark A. Stevens sold 190,000 shares of the company's stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $142.51, for a total transaction of $27,076,900.00. Following the completion of the transaction, the director now owns 8,855,848 shares in the company, valued at $1,262,046,898.48. This represents a 2.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,560,845 shares of company stock worth $360,351,849. 4.17% of the stock is currently owned by insiders.

NVIDIA Price Performance

Shares of NVIDIA stock traded down $3.03 during trading on Friday, reaching $141.97. 180,270,368 shares of the stock traded hands, compared to its average volume of 276,508,483. NVIDIA Co. has a 52-week low of $86.62 and a 52-week high of $153.13. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. The business has a fifty day simple moving average of $122.77 and a two-hundred day simple moving average of $126.44. The company has a market capitalization of $3.46 trillion, a price-to-earnings ratio of 55.87, a P/E/G ratio of 1.76 and a beta of 2.12.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.06). NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The firm had revenue of $44.06 billion for the quarter, compared to analysts' expectations of $43.09 billion. The business's quarterly revenue was up 69.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.61 EPS. Sell-side analysts expect that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. The ex-dividend date of this dividend is Wednesday, June 11th. NVIDIA's dividend payout ratio is currently 1.29%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on NVDA shares. Wedbush restated an "outperform" rating on shares of NVIDIA in a research report on Thursday, May 29th. Piper Sandler restated an "overweight" rating and set a $180.00 target price (up previously from $150.00) on shares of NVIDIA in a report on Wednesday, May 28th. UBS Group reiterated a "buy" rating on shares of NVIDIA in a research note on Friday, May 23rd. Rosenblatt Securities boosted their price objective on shares of NVIDIA from $178.00 to $200.00 and gave the stock a "buy" rating in a research note on Thursday, May 29th. Finally, Stifel Nicolaus set a $180.00 target price on shares of NVIDIA in a research note on Wednesday, March 19th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-five have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, NVIDIA currently has a consensus rating of "Moderate Buy" and a consensus price target of $172.24.

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.