NVIDIA Corporation (NASDAQ:NVDA) Position Decreased by Etesian Wealth Advisors Inc.

Etesian Wealth Advisors Inc. lessened its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 13.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,900 shares of the computer hardware maker's stock after selling 3,129 shares during the quarter. NVIDIA accounts for about 1.0% of Etesian Wealth Advisors Inc.'s investment portfolio, making the stock its 25th largest position. Etesian Wealth Advisors Inc.'s holdings in NVIDIA were worth $2,265,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also modified their holdings of NVDA. Alta Wealth Advisors LLC boosted its position in shares of NVIDIA by 3.5% in the 1st quarter. Alta Wealth Advisors LLC now owns 71,356 shares of the computer hardware maker's stock worth $7,734,000 after purchasing an additional 2,409 shares during the last quarter. Hidden Cove Wealth Management LLC grew its stake in NVIDIA by 0.5% in the first quarter. Hidden Cove Wealth Management LLC now owns 23,709 shares of the computer hardware maker's stock valued at $2,570,000 after acquiring an additional 114 shares during the period. Board of the Pension Protection Fund raised its holdings in NVIDIA by 100.0% during the 1st quarter. Board of the Pension Protection Fund now owns 4,800 shares of the computer hardware maker's stock worth $520,000 after buying an additional 2,400 shares during the period. Boyd Wealth Management LLC raised its holdings in NVIDIA by 3.8% during the 1st quarter. Boyd Wealth Management LLC now owns 3,251 shares of the computer hardware maker's stock worth $352,000 after buying an additional 120 shares during the period. Finally, Tanager Wealth Management LLP raised its holdings in NVIDIA by 10.6% during the 1st quarter. Tanager Wealth Management LLP now owns 10,267 shares of the computer hardware maker's stock worth $1,114,000 after buying an additional 987 shares during the period. Institutional investors own 65.27% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on NVDA. Oppenheimer boosted their price target on NVIDIA from $175.00 to $200.00 and gave the company an "outperform" rating in a report on Tuesday, July 15th. Raymond James Financial lifted their target price on NVIDIA from $150.00 to $165.00 and gave the company a "strong-buy" rating in a research report on Thursday, May 29th. Rosenblatt Securities increased their price target on NVIDIA from $178.00 to $200.00 and gave the stock a "buy" rating in a research report on Thursday, May 29th. Needham & Company LLC increased their price target on NVIDIA from $160.00 to $200.00 and gave the stock a "buy" rating in a research report on Wednesday, July 16th. Finally, Seaport Res Ptn upgraded 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, four have assigned a hold rating, thirty-three have given a buy rating and four have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $181.22.

Insider Buying and Selling

In other news, Director Tench Coxe sold 1,000,000 shares of NVIDIA stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $142.80, for a total transaction of $142,800,000.00. Following the completion of the sale, the director owned 26,671,360 shares of the company's stock, valued at approximately $3,808,670,208. The trade was a 3.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jen Hsun Huang sold 75,000 shares of the business's 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 directly owned 75,548,225 shares of the company's stock, valued at $11,524,126,241.50. This trade represents a 0.10% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,964,800 shares of company stock worth $734,906,003. Insiders own 4.17% of the company's stock.

NVIDIA Trading Down 1.8%

NVIDIA stock traded down $3.16 during trading hours on Tuesday, hitting $168.22. The stock had a trading volume of 133,105,146 shares, compared to its average volume of 262,895,036. The stock has a market cap of $4.10 trillion, a price-to-earnings ratio of 54.21, a P/E/G ratio of 1.52 and a beta of 2.13. The business's 50 day simple moving average is $146.99 and its 200-day simple moving average is $129.81. 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 one year low of $86.62 and a one year high of $174.25.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). The business had revenue of $44.06 billion for the quarter, compared to the consensus estimate of $43.09 billion. NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The company's revenue for the quarter was up 69.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.61 EPS. On average, equities analysts predict that NVIDIA Corporation will post 2.77 EPS for the current fiscal 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 given a dividend of $0.01 per share. 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 payout ratio is 1.29%.

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.