Cable Hill Partners LLC Decreases Stock Holdings in NVIDIA Corporation (NASDAQ:NVDA)

Cable Hill Partners LLC reduced its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 8.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 36,328 shares of the computer hardware maker's stock after selling 3,138 shares during the quarter. NVIDIA accounts for 0.4% of Cable Hill Partners LLC's portfolio, making the stock its 17th largest position. Cable Hill Partners LLC's holdings in NVIDIA were worth $3,957,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Parcion Private Wealth LLC grew its stake in NVIDIA by 7.5% during the first quarter. Parcion Private Wealth LLC now owns 222,261 shares of the computer hardware maker's stock worth $24,089,000 after buying an additional 15,492 shares during the period. Private Wealth Management Group LLC grew its stake in NVIDIA by 5.6% during the first quarter. Private Wealth Management Group LLC now owns 7,143 shares of the computer hardware maker's stock worth $774,000 after buying an additional 380 shares during the period. Capital A Wealth Management LLC grew its stake in NVIDIA by 4.0% during the first quarter. Capital A Wealth Management LLC now owns 9,489 shares of the computer hardware maker's stock worth $1,028,000 after buying an additional 363 shares during the period. BIP Wealth LLC lifted its position in shares of NVIDIA by 7.7% during the first quarter. BIP Wealth LLC now owns 27,475 shares of the computer hardware maker's stock worth $2,978,000 after purchasing an additional 1,954 shares in the last quarter. Finally, Schrum Private Wealth Management LLC lifted its position in shares of NVIDIA by 26.1% during the first quarter. Schrum Private Wealth Management LLC now owns 5,702 shares of the computer hardware maker's stock worth $618,000 after purchasing an additional 1,180 shares in the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at NVIDIA

In other news, Director Tench Coxe sold 1,000,000 shares of the firm's stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $142.80, for a total transaction of $142,800,000.00. Following the completion of the transaction, the director owned 26,671,360 shares in the company, valued at approximately $3,808,670,208. This trade represents a 3.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Jen Hsun Huang sold 75,000 shares of the firm's stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $152.54, for a total transaction of $11,440,500.00. Following the transaction, the chief executive officer owned 75,548,225 shares of the company's stock, valued at approximately $11,524,126,241.50. This trade represents a 0.10% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,687,440 shares of company stock worth $862,095,782. Company insiders own 4.17% of the company's stock.

NVIDIA Stock Performance

Shares of NVDA opened at $183.16 on Wednesday. The firm has a 50-day moving average price of $161.55 and a 200 day moving average price of $134.24. The firm has a market capitalization of $4.47 trillion, a PE ratio of 59.08, a P/E/G ratio of 1.60 and a beta of 2.14. The company has a quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $184.48.

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

NVIDIA Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th were given a dividend of $0.01 per share. The ex-dividend date was Wednesday, June 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. NVIDIA's dividend payout ratio (DPR) is 1.29%.

Analysts Set New Price Targets

A number of research firms have recently commented on NVDA. TD Cowen boosted their target price on shares of NVIDIA from $140.00 to $175.00 and gave the stock a "buy" rating in a research report on Thursday, May 29th. Bank of America boosted their target price on shares of NVIDIA from $180.00 to $220.00 in a research report on Wednesday, July 16th. BNP Paribas raised shares of NVIDIA to a "hold" rating in a research report on Friday, August 1st. Wedbush reissued an "outperform" rating on shares of NVIDIA in a research report on Thursday, May 29th. Finally, Seaport Res Ptn raised shares of NVIDIA to a "strong sell" rating in a research report on Wednesday, April 30th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-two have assigned a buy rating and four have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $183.75.

NVIDIA Company 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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