NVIDIA Corporation (NASDAQ:NVDA) Shares Sold by Goldstein Advisors LLC

Goldstein Advisors LLC trimmed its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 22.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,625 shares of the computer hardware maker's stock after selling 9,291 shares during the quarter. NVIDIA makes up 0.5% of Goldstein Advisors LLC's investment portfolio, making the stock its 28th largest position. Goldstein Advisors LLC's holdings in NVIDIA were worth $3,427,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Tacita Capital Inc acquired a new stake in shares of NVIDIA during the fourth quarter worth about $28,000. Vision Financial Markets LLC acquired a new position in NVIDIA in the 4th quarter valued at $38,000. Copia Wealth Management acquired a new position in shares of NVIDIA during the fourth quarter worth about $50,000. LSV Asset Management acquired a new position in NVIDIA during the 4th quarter worth approximately $54,000. Finally, Bruce G. Allen Investments LLC grew its holdings in NVIDIA by 198.2% during the first quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock worth $53,000 after acquiring an additional 327 shares during the period. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction that occurred on Friday, July 18th. The stock was sold at an average price of $172.52, for a total transaction of $12,939,000.00. Following the sale, the chief executive officer directly owned 74,348,225 shares in the company, valued at approximately $12,826,555,777. This represents a 0.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director A Brooke Seawell sold 48,792 shares of the stock in a transaction on Monday, July 14th. The stock was sold at an average price of $163.96, for a total value of $7,999,936.32. Following the completion of the sale, the director directly owned 1,729,478 shares in the company, valued at $283,565,212.88. This represents a 2.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 4,964,800 shares of company stock worth $734,906,003 over the last quarter. 4.17% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

NVDA has been the topic of several recent analyst reports. Arete Research upgraded shares of NVIDIA to a "strong-buy" rating in a research report on Wednesday, May 21st. Piper Sandler restated an "overweight" rating and issued a $180.00 price target (up previously from $150.00) on shares of NVIDIA in a report on Wednesday, May 28th. The Goldman Sachs Group started coverage on NVIDIA in a report on Thursday, July 10th. They issued a "buy" rating and a $185.00 target price on the stock. Citigroup increased their price objective on shares of NVIDIA from $180.00 to $190.00 and gave the company a "buy" rating in a research note on Monday, July 7th. Finally, Needham & Company LLC increased their price target on shares of NVIDIA from $160.00 to $200.00 and gave the company a "buy" rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, four have given a hold rating, thirty-three have assigned a buy rating and four have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $181.22.

NVIDIA Stock Down 0.3%

Shares of NASDAQ:NVDA traded down $0.59 during midday trading on Friday, hitting $172.41. 145,724,125 shares of the company's stock traded hands, compared to its average volume of 263,779,254. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.96 and a current ratio of 3.39. The company has a market cap of $4.21 trillion, a PE ratio of 55.62, a P/E/G ratio of 1.52 and a beta of 2.13. The firm's fifty day moving average price is $146.99 and its two-hundred day moving average price is $129.90. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $174.25.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings data 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). NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The company had revenue of $44.06 billion for the quarter, compared to analyst estimates of $43.09 billion. During the same quarter in the prior year, the firm earned $0.61 EPS. The company's revenue for the quarter was up 69.2% compared to the same quarter last year. On average, equities research analysts anticipate 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. Shareholders of record on Wednesday, June 11th were paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.02%. The ex-dividend date was Wednesday, June 11th. NVIDIA's payout ratio is currently 1.29%.

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.