Fidelis Capital Partners LLC Decreases Stock Position in NVIDIA Corporation (NASDAQ:NVDA)

Fidelis Capital Partners LLC decreased its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 6.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 269,752 shares of the computer hardware maker's stock after selling 19,783 shares during the quarter. NVIDIA accounts for 3.2% of Fidelis Capital Partners LLC's portfolio, making the stock its 5th largest position. Fidelis Capital Partners LLC's holdings in NVIDIA were worth $29,945,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Tacita Capital Inc purchased a new position in shares of NVIDIA during the 4th quarter worth approximately $28,000. Vision Financial Markets LLC purchased a new stake in NVIDIA in the fourth quarter worth $38,000. Copia Wealth Management bought a new position in NVIDIA in the fourth quarter worth $50,000. Barnes Dennig Private Wealth Management LLC purchased a new position in NVIDIA during the first quarter valued at $51,000. Finally, Bruce G. Allen Investments LLC boosted its holdings in shares of 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 buying an additional 327 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors.

NVIDIA Trading Up 0.7%

NASDAQ NVDA opened at $179.42 on Thursday. The company has a market cap of $4.38 trillion, a P/E ratio of 57.88, a P/E/G ratio of 1.57 and a beta of 2.14. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $183.30. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.39 and a quick ratio of 2.96. The company has a 50-day moving average of $158.02 and a 200-day moving average of $133.22.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share for the quarter, missing the consensus estimate 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 return on equity of 105.09% and a net margin of 51.69%. The company's quarterly revenue was up 69.2% compared to the same quarter last year. During the same period last year, the business posted $0.61 earnings per share. As a group, equities analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

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

Insider Activity

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the company's stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $178.16, for a total value of $13,362,000.00. Following the completion of the transaction, the chief executive officer owned 73,523,225 shares in the company, valued at $13,098,897,766. This represents a 0.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Colette Kress sold 27,640 shares of NVIDIA stock in a transaction on Monday, August 4th. The stock was sold at an average price of $178.06, for a total transaction of $4,921,578.40. Following the sale, the chief financial officer directly owned 2,956,876 shares in the company, valued at $526,501,340.56. This trade represents a 0.93% decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,537,440 shares of company stock valued at $835,035,782 in the last ninety days. Company insiders own 4.17% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on NVDA. Phillip Securities upgraded NVIDIA from a "moderate buy" rating to a "strong-buy" rating in a research note on Monday, July 14th. Piper Sandler restated an "overweight" rating and set a $180.00 price target (up from $150.00) on shares of NVIDIA in a report on Wednesday, May 28th. Bank of America upped their price target on shares of NVIDIA from $180.00 to $220.00 in a research note on Wednesday, July 16th. Truist Financial raised their price objective on shares of NVIDIA from $205.00 to $210.00 and gave the company a "buy" rating in a research note on Thursday, May 29th. Finally, Loop Capital upped their target price on shares of NVIDIA from $175.00 to $250.00 and gave the stock a "buy" rating in a research note on Wednesday, June 25th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-two have given a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat.com, NVIDIA presently has a consensus rating of "Moderate Buy" and a consensus target price of $183.75.

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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