NVIDIA Co. (NASDAQ:NVDA) Shares Sold by Burr Financial Services LLC

Burr Financial Services LLC lowered its stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 1.4% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 449,322 shares of the computer hardware maker's stock after selling 6,176 shares during the period. NVIDIA comprises about 38.2% of Burr Financial Services LLC's portfolio, making the stock its largest holding. Burr Financial Services LLC's holdings in NVIDIA were worth $48,697,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Tacita Capital Inc purchased a new position in shares of NVIDIA in the 4th quarter valued at about $28,000. Vision Financial Markets LLC purchased a new position in shares of NVIDIA in the 4th quarter valued at about $38,000. Luken Investment Analytics LLC purchased a new position in shares of NVIDIA in the 4th quarter valued at about $40,000. Copia Wealth Management purchased 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 shares of NVIDIA in the 4th quarter valued at about $54,000. Hedge funds and other institutional investors own 65.27% of the company's stock.

Insider Activity at NVIDIA

In other NVIDIA news, Director Tench Coxe sold 1,000,000 shares of the firm's stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $142.80, for a total transaction of $142,800,000.00. Following the transaction, the director now owns 26,671,360 shares of the company's stock, valued at approximately $3,808,670,208. This trade represents a 3.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the firm's stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $116.80, for a total value of $525,600.00. Following the transaction, the insider now directly owns 479,428 shares in the company, valued at approximately $55,997,190.40. The trade was a 0.93% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,560,845 shares of company stock valued at $360,351,849 over the last quarter. 4.17% of the stock is owned by insiders.

Analysts Set New Price Targets

NVDA has been the subject of several research reports. Benchmark reiterated a "buy" rating and set a $190.00 price objective on shares of NVIDIA in a research note on Thursday, May 29th. Morgan Stanley reiterated an "overweight" rating and set a $170.00 price objective (up from $160.00) on shares of NVIDIA in a research note on Thursday, May 29th. Arete Research upgraded NVIDIA to a "strong-buy" rating in a research note on Wednesday, May 21st. Wedbush reiterated an "outperform" rating on shares of NVIDIA in a research note on Thursday, May 29th. Finally, TD Cowen boosted their price objective on NVIDIA from $140.00 to $175.00 and gave the stock a "buy" rating in a research note on Thursday, May 29th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-five have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, NVIDIA has an average rating of "Moderate Buy" and a consensus price target of $172.24.

NVIDIA Stock Down 2.1%

Shares of NASDAQ NVDA traded down $3.03 during mid-day trading on Friday, hitting $141.97. The company had a trading volume of 180,270,368 shares, compared to its average volume of 276,376,708. The company has a market capitalization of $3.46 trillion, a PE ratio of 55.87, a price-to-earnings-growth ratio of 1.76 and a beta of 2.12. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. NVIDIA Co. has a 1-year low of $86.62 and a 1-year high of $153.13. The business's 50-day simple moving average is $122.77 and its 200 day simple moving average is $126.44.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.06). The company had revenue of $44.06 billion during the quarter, compared to analyst estimates of $43.09 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The firm's revenue was up 69.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.61 earnings per share. On average, analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

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

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.