Bourgeon Capital Management LLC Sells 15,495 Shares of NVIDIA Co. (NASDAQ:NVDA)

Bourgeon Capital Management LLC reduced its position in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 34.8% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 29,037 shares of the computer hardware maker's stock after selling 15,495 shares during the period. Bourgeon Capital Management LLC's holdings in NVIDIA were worth $3,147,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bank & Trust Co grew its stake in NVIDIA by 10.6% in the 1st quarter. Bank & Trust Co now owns 6,186 shares of the computer hardware maker's stock valued at $670,000 after buying an additional 593 shares in the last quarter. Kwmg LLC lifted its position in shares of NVIDIA by 1.1% during the first quarter. Kwmg LLC now owns 13,208 shares of the computer hardware maker's stock worth $1,431,000 after acquiring an additional 141 shares in the last quarter. RFG Advisory LLC lifted its position in shares of NVIDIA by 30.1% during the first quarter. RFG Advisory LLC now owns 271,863 shares of the computer hardware maker's stock worth $29,465,000 after acquiring an additional 62,820 shares in the last quarter. Capital Asset Advisory Services LLC boosted its holdings in shares of NVIDIA by 17.4% in the first quarter. Capital Asset Advisory Services LLC now owns 206,316 shares of the computer hardware maker's stock worth $22,781,000 after acquiring an additional 30,566 shares during the period. Finally, Swisher Financial Concepts Inc. grew its position in shares of NVIDIA by 65.5% in the first quarter. Swisher Financial Concepts Inc. now owns 6,372 shares of the computer hardware maker's stock valued at $691,000 after purchasing an additional 2,521 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors.

Insider Activity at NVIDIA

In other NVIDIA news, CFO Colette Kress sold 66,660 shares of the business's stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $116.83, for a total value of $7,787,887.80. Following the transaction, the chief financial officer now owns 3,085,765 shares in the company, valued at approximately $360,509,924.95. The trade was a 2.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Aarti S. Shah sold 20,000 shares of the company's stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $118.42, for a total transaction of $2,368,400.00. Following the transaction, the director now directly owns 53,208 shares of the company's stock, valued at approximately $6,300,891.36. This trade represents a 27.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,560,845 shares of company stock worth $360,351,849 in the last ninety days. 4.17% of the stock is owned by company insiders.

Analysts Set New Price Targets

NVDA has been the topic of a number of recent research reports. Benchmark reissued a "buy" rating and set a $190.00 price objective on shares of NVIDIA in a report on Thursday, May 29th. Wedbush reiterated an "outperform" rating on shares of NVIDIA in a research report on Thursday, May 29th. Bank of America raised their price objective on shares of NVIDIA from $150.00 to $160.00 and gave the company a "buy" rating in a research report on Wednesday, May 14th. Summit Insights raised shares of NVIDIA from a "hold" rating to a "buy" rating in a research note on Thursday, May 29th. Finally, DZ Bank upgraded shares of NVIDIA from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 28th. 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. Based on data from MarketBeat.com, NVIDIA has a consensus rating of "Moderate Buy" and an average target price of $172.24.

NVIDIA Trading Down 2.1%

Shares of NVDA opened at $141.97 on Friday. NVIDIA Co. has a fifty-two week low of $86.62 and a fifty-two week high of $153.13. The firm has a market cap of $3.46 trillion, a price-to-earnings ratio of 55.87, a PEG ratio of 1.76 and a beta of 2.12. The firm has a 50 day moving average price of $122.77 and a 200-day moving average price of $126.44. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its earnings results 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 114.83% and a net margin of 55.69%. The business had revenue of $44.06 billion during the quarter, compared to analysts' expectations of $43.09 billion. During the same quarter in the previous year, the business earned $0.61 EPS. NVIDIA's revenue for the quarter was up 69.2% compared to the same quarter last year. As a group, equities research analysts forecast that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The business 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 dividend on an annualized basis and a dividend yield of 0.03%. The ex-dividend date is Wednesday, June 11th. NVIDIA's dividend payout ratio (DPR) is presently 1.29%.

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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