Diversify Advisory Services LLC Cuts Stake in NVIDIA Corporation (NASDAQ:NVDA)

Diversify Advisory Services LLC decreased its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 14.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 814,053 shares of the computer hardware maker's stock after selling 136,261 shares during the quarter. NVIDIA accounts for approximately 5.6% of Diversify Advisory Services LLC's investment portfolio, making the stock its 2nd biggest holding. Diversify Advisory Services LLC's holdings in NVIDIA were worth $88,748,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Copia Wealth Management bought a new stake in shares of NVIDIA in the fourth quarter valued at $50,000. Barnes Dennig Private Wealth Management LLC bought a new position in NVIDIA during the first quarter valued at approximately $51,000. Bruce G. Allen Investments LLC grew its stake in shares of NVIDIA by 198.2% during the first quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock valued at $53,000 after buying an additional 327 shares during the last quarter. LSV Asset Management bought a new stake in NVIDIA in the 4th quarter worth $54,000. Finally, Delos Wealth Advisors LLC grew its stake in shares of NVIDIA by 134.8% in the fourth quarter. Delos Wealth Advisors LLC now owns 493 shares of the computer hardware maker's stock worth $66,000 after purchasing an additional 283 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $152.54, for a total transaction of $11,440,500.00. Following the completion of the transaction, the chief executive officer owned 75,548,225 shares of the company's stock, valued at $11,524,126,241.50. This represents a 0.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mark A. Stevens sold 935,000 shares of the stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $140.92, for a total transaction of $131,760,200.00. Following the completion of the sale, the director owned 9,214,697 shares of the company's stock, valued at approximately $1,298,535,101.24. The trade was a 9.21% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,837,440 shares of company stock valued at $889,404,782. Corporate insiders own 4.17% of the company's stock.

NVIDIA Trading Up 0.2%

NVIDIA stock opened at $182.02 on Friday. 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. The company has a market capitalization of $4.44 trillion, a price-to-earnings ratio of 58.72, a price-to-earnings-growth ratio of 1.60 and a beta of 2.14. The stock has a 50-day moving average price of $163.18 and a 200 day moving average price of $135.00.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings data 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 for the quarter, compared to analyst estimates of $43.09 billion. During the same quarter in the previous year, the firm posted $0.61 earnings per share. The business's revenue was up 69.2% on a year-over-year basis. Sell-side analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

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

Analyst Upgrades and Downgrades

Several research firms have weighed in on NVDA. UBS Group reaffirmed a "buy" rating on shares of NVIDIA in a research report on Friday, May 23rd. Arete Research raised NVIDIA to a "strong-buy" rating in a report on Wednesday, May 21st. Wells Fargo & Company lifted their target price on NVIDIA from $185.00 to $220.00 and gave the company an "overweight" rating in a research note on Monday. Jefferies Financial Group boosted their price target on shares of NVIDIA from $185.00 to $200.00 in a research report on Wednesday, July 16th. Finally, Seaport Res Ptn raised NVIDIA to a "strong sell" rating in a research note on Wednesday, April 30th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-two have given a buy rating and four have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, NVIDIA currently has a consensus rating of "Moderate Buy" and an average price target of $186.33.

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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