D. Scott Neal Inc. Sells 2,354 Shares of NVIDIA Corporation (NASDAQ:NVDA)

D. Scott Neal Inc. decreased its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 14.4% during the first quarter, according to its most recent filing with the SEC. The firm owned 13,975 shares of the computer hardware maker's stock after selling 2,354 shares during the period. NVIDIA accounts for about 0.8% of D. Scott Neal Inc.'s portfolio, making the stock its 17th largest position. D. Scott Neal Inc.'s holdings in NVIDIA were worth $1,515,000 as of its most recent SEC filing.

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

NVIDIA Trading Up 0.9%

Shares of NVDA stock opened at $145.48 on Friday. The firm has a market capitalization of $3.55 trillion, a PE ratio of 46.93, a P/E/G ratio of 1.28 and a beta of 2.12. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $153.13. The business's fifty day moving average price is $125.72 and its 200 day moving average price is $126.66. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.39 and a quick ratio of 2.96.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its 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). The firm had revenue of $44.06 billion during the quarter, compared to analyst estimates of $43.09 billion. NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The firm's revenue for the quarter was up 69.2% on a year-over-year basis. During the same period last year, the company posted $0.61 EPS. As a group, sell-side analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

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

Wall Street Analysts Forecast Growth

NVDA has been the subject of several recent research reports. Bank of America increased their price objective on NVIDIA from $150.00 to $160.00 and gave the company a "buy" rating in a research note on Wednesday, May 14th. Oppenheimer reissued an "outperform" rating and issued a $175.00 price target on shares of NVIDIA in a research note on Monday. DA Davidson raised their price objective on shares of NVIDIA from $120.00 to $135.00 and gave the company a "neutral" rating in a research note on Thursday, May 29th. Raymond James Financial lifted their price objective on NVIDIA from $150.00 to $165.00 and gave the company a "strong-buy" rating in a research note on Thursday, May 29th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $160.00 price objective on shares of NVIDIA in a report on Thursday, May 29th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-five have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $173.05.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director Robert K. Burgess sold 50,000 shares of the business's stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $134.82, for a total transaction of $6,741,000.00. Following the completion of the sale, the director now owns 201,044 shares of the company's stock, valued at approximately $27,104,752.08. The trade was a 19.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mark A. Stevens sold 125,836 shares of the business's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $137.79, for a total transaction of $17,338,942.44. Following the sale, the director now owns 10,149,697 shares of the company's stock, valued at approximately $1,398,526,749.63. This represents a 1.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 2,469,685 shares of company stock worth $349,669,962. Insiders own 4.17% of the company's stock.

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.

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