NVIDIA Corporation (NASDAQ:NVDA) Shares Sold by Defender Capital LLC.

Key Points

• Defender Capital LLC reduced its stake in NVIDIA Corporation by 69.5%, holding 4,400 shares valued at approximately $483,000 after selling 10,003 shares in the first quarter.
• Insider sales included Director Mark A. Stevens selling 935,000 shares for over $131 million and CEO Jen Hsun Huang selling 75,000 shares for around $11.4 million.
• Several analysts adjusted their price targets for NVIDIA, with Loop Capital raising it to $250 and the consensus price target now at $181.22, reflecting a general bullish sentiment.

Defender Capital LLC. trimmed its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 69.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,400 shares of the computer hardware maker's stock after selling 10,003 shares during the period. NVIDIA makes up about 0.2% of Defender Capital LLC.'s investment portfolio, making the stock its 24th largest holding. Defender Capital LLC.'s holdings in NVIDIA were worth $483,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Tacita Capital Inc purchased a new position in shares of NVIDIA in the fourth quarter worth approximately $28,000. Vision Financial Markets LLC purchased a new position in shares of NVIDIA during the 4th quarter worth $38,000. Copia Wealth Management bought a new stake in shares of NVIDIA during the 4th quarter valued at $50,000. Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of NVIDIA in the 1st quarter worth $51,000. Finally, Bruce G. Allen Investments LLC raised its holdings in NVIDIA by 198.2% in the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock worth $53,000 after purchasing an additional 327 shares during the period. Institutional investors own 65.27% of the company's stock.

NVIDIA Stock Up 2.1%

Shares of NVIDIA stock traded up $3.76 during trading on Wednesday, hitting $179.27. 170,353,567 shares of the stock traded hands, compared to its average volume of 149,383,152. The company has a current ratio of 3.39, a quick ratio of 2.96 and a debt-to-equity ratio of 0.10. The stock's fifty day simple moving average is $153.55 and its 200 day simple moving average is $131.72. The firm has a market cap of $4.37 trillion, a P/E ratio of 57.83, a price-to-earnings-growth ratio of 1.55 and a beta of 2.13. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $179.89.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 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 during the quarter, compared to the consensus estimate of $43.09 billion. During the same quarter in the prior year, the firm posted $0.61 EPS. The company's revenue for the quarter was up 69.2% compared to the same quarter last year. On average, equities analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

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

Insider Buying and Selling

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 value of $142,800,000.00. Following the sale, the director directly 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mark A. Stevens sold 935,000 shares of the business's stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $140.92, for a total transaction of $131,760,200.00. Following the transaction, the director owned 9,214,697 shares of the company's stock, valued at approximately $1,298,535,101.24. This trade represents a 9.21% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,264,800 shares of company stock valued at $786,735,503. 4.17% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have commented on NVDA shares. Piper Sandler restated an "overweight" rating and issued a $180.00 price target (up previously from $150.00) on shares of NVIDIA in a research report on Wednesday, May 28th. UBS Group restated a "buy" rating on shares of NVIDIA in a research note on Friday, May 23rd. TD Cowen increased their price objective on shares of NVIDIA from $140.00 to $175.00 and gave the stock a "buy" rating in a research note on Thursday, May 29th. Needham & Company LLC lifted their target price on shares of NVIDIA from $160.00 to $200.00 and gave the company a "buy" rating in a research note on Wednesday, July 16th. Finally, Raymond James Financial increased their price target on NVIDIA from $150.00 to $165.00 and gave the stock a "strong-buy" rating in a research note on Thursday, May 29th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, thirty-three have given a buy rating and four have issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $182.03.

NVIDIA 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.