Burr Financial Services LLC Reduces Holdings in NVIDIA Co. (NASDAQ:NVDA)

Burr Financial Services LLC cut its holdings in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 1.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 449,322 shares of the computer hardware maker's stock after selling 6,176 shares during the period. NVIDIA accounts for 38.2% of Burr Financial Services LLC's holdings, making the stock its biggest holding. Burr Financial Services LLC's holdings in NVIDIA were worth $48,697,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of NVDA. Tacita Capital Inc purchased a new position in shares of NVIDIA in the fourth quarter valued at $28,000. Vision Financial Markets LLC bought a new position in NVIDIA during the fourth quarter valued at $38,000. Luken Investment Analytics LLC purchased a new stake in shares of NVIDIA during the 4th quarter valued at about $40,000. Copia Wealth Management bought a new position in shares of NVIDIA in the 4th quarter valued at about $50,000. Finally, LSV Asset Management purchased a new position in NVIDIA in the fourth quarter worth about $54,000. Hedge funds and other institutional investors own 65.27% of the company's stock.

NVIDIA Stock Up 1.1%

Shares of NVDA stock traded up $1.57 on Thursday, hitting $144.40. The company's stock had a trading volume of 82,386,490 shares, compared to its average volume of 276,614,343. 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 stock has a market capitalization of $3.52 trillion, a price-to-earnings ratio of 56.83, a P/E/G ratio of 1.76 and a beta of 2.12. The firm's fifty day moving average price is $120.91 and its 200-day moving average price is $126.34. NVIDIA Co. has a fifty-two week low of $86.62 and a fifty-two week high of $153.13.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly 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 net margin of 55.69% and a return on equity of 114.83%. The firm had revenue of $44.06 billion during the quarter, compared to the consensus estimate of $43.09 billion. During the same period in the prior year, the business earned $0.61 EPS. The company's revenue for the quarter was up 69.2% compared to the same quarter last year. Research analysts anticipate that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Tigress Financial restated a "buy" rating on shares of NVIDIA in a research report on Wednesday, February 26th. Hsbc Global Res cut shares of NVIDIA from a "strong-buy" rating to a "hold" rating in a research note on Thursday, April 3rd. Needham & Company LLC reissued a "buy" rating and set a $160.00 price target on shares of NVIDIA in a research note on Thursday, May 29th. Stifel Nicolaus set a $180.00 target price on shares of NVIDIA in a research report on Wednesday, March 19th. Finally, DA Davidson lifted their target price on NVIDIA from $120.00 to $135.00 and gave the company a "neutral" rating in a research report on Thursday, May 29th. One analyst has rated the stock with a sell rating, five have given a hold rating, thirty-five have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $172.24.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director Aarti S. Shah sold 20,000 shares of the company's stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $118.42, for a total transaction of $2,368,400.00. Following the completion of the transaction, the director now owns 53,208 shares of the company's stock, valued at $6,300,891.36. This represents a 27.32% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Colette Kress sold 66,660 shares of NVIDIA stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $116.83, for a total transaction of $7,787,887.80. Following the completion of the sale, the chief financial officer now owns 3,085,765 shares in the company, valued at $360,509,924.95. This trade represents a 2.11% 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.

About NVIDIA

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.