NVIDIA Corporation (NASDAQ:NVDA) Shares Sold by Daymark Wealth Partners LLC

Daymark Wealth Partners LLC trimmed its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 2.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,045,788 shares of the computer hardware maker's stock after selling 27,716 shares during the period. NVIDIA comprises 4.9% of Daymark Wealth Partners LLC's portfolio, making the stock its 2nd biggest holding. Daymark Wealth Partners LLC's holdings in NVIDIA were worth $113,342,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Tacita Capital Inc bought a new position in shares of NVIDIA in the fourth quarter worth about $28,000. Vision Financial Markets LLC bought a new position in shares of NVIDIA in the fourth quarter worth about $38,000. Copia Wealth Management bought a new stake in NVIDIA during the 4th quarter valued at approximately $50,000. LSV Asset Management bought a new stake in NVIDIA during the 4th quarter valued at approximately $54,000. Finally, Bruce G. Allen Investments LLC raised its stake in NVIDIA by 198.2% during the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock valued at $53,000 after purchasing an additional 327 shares during the period. 65.27% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on NVDA. Citigroup lifted their target price on NVIDIA from $180.00 to $190.00 and gave the company a "buy" rating in a research note on Monday, July 7th. Benchmark reissued a "buy" rating and set a $190.00 target price on shares of NVIDIA in a research note on Thursday, May 29th. Truist Financial lifted their price objective on NVIDIA from $205.00 to $210.00 and gave the stock a "buy" rating in a research note on Thursday, May 29th. Raymond James Financial lifted their target price on NVIDIA from $150.00 to $165.00 and gave the stock a "strong-buy" rating in a report on Thursday, May 29th. Finally, UBS Group reiterated a "buy" rating on shares of NVIDIA in a report on Friday, May 23rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-three have given a buy rating and four have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $181.22.

Insider Transactions at NVIDIA

In other news, EVP Ajay K. Puri sold 168,195 shares of the stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $152.64, for a total value of $25,673,284.80. Following the transaction, the executive vice president directly owned 4,018,547 shares of the company's stock, valued at approximately $613,391,014.08. This represents a 4.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $152.54, for a total value of $11,440,500.00. Following the completion of the transaction, the chief executive officer directly owned 75,548,225 shares in the company, valued at $11,524,126,241.50. This represents a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,964,800 shares of company stock valued at $734,906,003 over the last three months. Company insiders own 4.17% of the company's stock.

NVIDIA Stock Down 0.3%

Shares of NASDAQ NVDA traded down $0.59 during mid-day trading on Friday, reaching $172.41. 145,724,125 shares of the company were exchanged, compared to its average volume of 263,966,224. The firm has a 50-day moving average of $146.99 and a 200 day moving average of $129.86. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $174.25. The stock has a market cap of $4.21 trillion, a price-to-earnings ratio of 55.62, a P/E/G ratio of 1.52 and a beta of 2.13. 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 (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 the consensus estimate of $0.87 by ($0.06). NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The business had revenue of $44.06 billion for the quarter, compared to analyst estimates of $43.09 billion. During the same period in the prior year, the company earned $0.61 earnings per share. The company's quarterly revenue was up 69.2% on a year-over-year basis. On average, research analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.02%. The ex-dividend date was Wednesday, June 11th. NVIDIA's dividend payout ratio is presently 1.29%.

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.