Donor Advised Charitable Giving Inc. Trims Position in NVIDIA Co. (NASDAQ:NVDA)

Donor Advised Charitable Giving Inc. reduced its stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 2.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,302,725 shares of the computer hardware maker's stock after selling 928,865 shares during the period. NVIDIA accounts for about 98.0% of Donor Advised Charitable Giving Inc.'s holdings, making the stock its biggest position. Donor Advised Charitable Giving Inc. owned about 0.13% of NVIDIA worth $3,392,589,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently modified their holdings of the company. Tacita Capital Inc acquired a new position in NVIDIA in the 4th quarter valued at $28,000. Vision Financial Markets LLC acquired a new position in NVIDIA in the 4th quarter valued at $38,000. Luken Investment Analytics LLC acquired a new position in NVIDIA in the 4th quarter valued at $40,000. Copia Wealth Management acquired a new position in NVIDIA in the 4th quarter valued at $50,000. Finally, LSV Asset Management acquired a new position in NVIDIA in the 4th quarter valued at $54,000. 65.27% of the stock is currently owned by institutional investors and hedge funds.

NVIDIA Stock Up 1.9%

NASDAQ:NVDA traded up $2.72 on Monday, reaching $144.69. The stock had a trading volume of 181,933,268 shares, compared to its average volume of 276,004,024. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. The company has a 50-day moving average of $123.74 and a 200 day moving average of $126.36. The stock has a market cap of $3.53 trillion, a P/E ratio of 56.94, a price-to-earnings-growth ratio of 1.76 and a beta of 2.12. NVIDIA Co. has a 12-month low of $86.62 and a 12-month high of $153.13.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). The firm had revenue of $44.06 billion during the quarter, compared to analysts' expectations of $43.09 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The business's quarterly revenue was up 69.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.61 earnings per share. On average, research analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th will be given 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 payout ratio is currently 1.29%.

Insider Buying and Selling at NVIDIA

In other news, insider Donald F. Robertson, Jr. sold 4,500 shares of the stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $116.80, for a total transaction of $525,600.00. Following the transaction, the insider now owns 479,428 shares of the company's stock, valued at approximately $55,997,190.40. This trade represents a 0.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Aarti S. Shah sold 20,000 shares of the stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $118.42, for a total transaction of $2,368,400.00. Following the transaction, the director now directly owns 53,208 shares in the company, valued at $6,300,891.36. The trade was a 27.32% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,560,845 shares of company stock valued at $360,351,849 in the last ninety days. Insiders own 4.17% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on NVDA shares. Susquehanna reiterated a "positive" rating and issued a $180.00 price target on shares of NVIDIA in a report on Wednesday, March 19th. Barclays reiterated an "overweight" rating and issued a $170.00 price target (up from $155.00) on shares of NVIDIA in a report on Thursday, May 29th. Oppenheimer reiterated an "outperform" rating and issued a $175.00 price target on shares of NVIDIA in a report on Monday. Citigroup reiterated a "buy" rating and issued a $180.00 price target (up from $150.00) on shares of NVIDIA in a report on Thursday, May 29th. Finally, Morgan Stanley restated an "overweight" rating and set a $170.00 price objective (up from $160.00) on shares of NVIDIA in a report on Thursday, May 29th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-five have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $172.24.

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.