Freedom Day Solutions LLC reduced its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 25.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,187 shares of the computer hardware maker's stock after selling 12,258 shares during the period. NVIDIA makes up approximately 1.2% of Freedom Day Solutions LLC's holdings, making the stock its 13th largest holding. Freedom Day Solutions LLC's holdings in NVIDIA were worth $3,922,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Diversify Wealth Management LLC increased its holdings in NVIDIA by 0.7% during the 1st quarter. Diversify Wealth Management LLC now owns 222,401 shares of the computer hardware maker's stock worth $24,246,000 after purchasing an additional 1,439 shares during the last quarter. Crosspoint Financial LLC acquired a new stake in NVIDIA in the first quarter valued at $407,000. New England Professional Planning Group Inc. boosted its stake in NVIDIA by 5.2% during the 1st quarter. New England Professional Planning Group Inc. now owns 4,015 shares of the computer hardware maker's stock valued at $435,000 after acquiring an additional 200 shares during the last quarter. Kesler Norman & Wride LLC increased its position in shares of NVIDIA by 4.9% in the 1st quarter. Kesler Norman & Wride LLC now owns 67,249 shares of the computer hardware maker's stock worth $7,289,000 after purchasing an additional 3,160 shares during the last quarter. Finally, Sage Rhino Capital LLC raised its stake in NVIDIA by 4.1% during the first quarter. Sage Rhino Capital LLC now owns 29,236 shares of the computer hardware maker's stock valued at $3,169,000 after buying an additional 1,139 shares in the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling at NVIDIA
In other NVIDIA news, CFO Colette Kress sold 27,640 shares of the company's stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $178.06, for a total value of $4,921,578.40. Following the completion of the transaction, the chief financial officer directly owned 2,956,876 shares in the company, valued at approximately $526,501,340.56. This represents a 0.93% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jen Hsun Huang sold 75,000 shares of the company's stock in a transaction on Monday, August 4th. The shares were sold at an average price of $178.16, for a total transaction of $13,362,000.00. Following the completion of the sale, the chief executive officer directly owned 73,523,225 shares in the company, valued at approximately $13,098,897,766. This represents a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,537,440 shares of company stock valued at $835,035,782. 4.17% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
NVDA has been the topic of several research reports. Oppenheimer upped their price target on NVIDIA from $175.00 to $200.00 and gave the company an "outperform" rating in a research report on Tuesday, July 15th. Citigroup increased their price objective on shares of NVIDIA from $180.00 to $190.00 and gave the stock a "buy" rating in a report on Monday, July 7th. Truist Financial raised their price target 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. BNP Paribas upgraded NVIDIA to a "hold" rating in a research report on Friday, August 1st. Finally, Wedbush reiterated an "outperform" rating on shares of NVIDIA in a research report on Thursday, May 29th. One analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-two have issued a buy rating and four have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $183.75.
Read Our Latest Analysis on NVIDIA
NVIDIA Price Performance
NVIDIA stock traded up $1.90 during trading hours on Friday, hitting $182.67. 122,649,542 shares of the stock were exchanged, compared to its average volume of 245,309,594. The business's 50-day moving average is $158.85 and its two-hundred day moving average is $133.52. The stock has a market capitalization of $4.46 trillion, a P/E ratio of 58.93, a P/E/G ratio of 1.58 and a beta of 2.14. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.96 and a current ratio of 3.39. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $183.88.
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 the consensus estimate of $0.87 by ($0.06). NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The company had revenue of $44.06 billion during the quarter, compared to the consensus estimate of $43.09 billion. During the same quarter last year, the firm earned $0.61 EPS. The business's revenue for the quarter was up 69.2% on a year-over-year basis. Equities research analysts expect that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.
NVIDIA Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. NVIDIA's payout ratio is 1.29%.
NVIDIA Company Profile
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Free Report)
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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