Good Life Advisors LLC Sells 14,751 Shares of NVIDIA Corporation (NASDAQ:NVDA)

Good Life Advisors LLC decreased its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 3.7% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 380,315 shares of the computer hardware maker's stock after selling 14,751 shares during the quarter. NVIDIA comprises 2.9% of Good Life Advisors LLC's portfolio, making the stock its 4th biggest holding. Good Life Advisors LLC's holdings in NVIDIA were worth $41,219,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the stock. Tacita Capital Inc bought a new stake in NVIDIA in the fourth quarter worth about $28,000. Vision Financial Markets LLC bought a new position in shares of NVIDIA during the fourth quarter valued at approximately $38,000. Copia Wealth Management purchased a new stake in shares of NVIDIA in the fourth quarter worth approximately $50,000. LSV Asset Management bought a new stake in shares of NVIDIA during the 4th quarter worth approximately $54,000. Finally, Bruce G. Allen Investments LLC lifted its stake 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 worth $53,000 after acquiring an additional 327 shares during the last quarter. Institutional investors own 65.27% of the company's stock.

NVIDIA Stock Performance

NASDAQ NVDA traded up $2.41 during mid-day trading on Thursday, reaching $159.66. 74,310,144 shares of the stock were exchanged, compared to its average volume of 267,687,954. The company has a market capitalization of $3.90 trillion, a P/E ratio of 51.51, a P/E/G ratio of 1.36 and a beta of 2.13. 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 business's 50 day moving average is $134.36 and its 200-day moving average is $127.45. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $160.93.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its 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). NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The business had revenue of $44.06 billion for the quarter, compared to analyst estimates of $43.09 billion. During the same quarter last year, the business earned $0.61 earnings per share. NVIDIA's revenue was up 69.2% on a year-over-year basis. On average, equities research analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th will be given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. The ex-dividend date of this dividend is Wednesday, June 11th. NVIDIA's dividend payout ratio (DPR) is presently 1.29%.

Insiders Place Their Bets

In other news, Director Mark A. Stevens sold 935,000 shares of NVIDIA stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $140.92, for a total value of $131,760,200.00. Following the sale, the director directly owned 9,214,697 shares of the company's stock, valued at $1,298,535,101.24. The trade was a 9.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction 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 sale, the chief executive officer directly owned 75,548,225 shares in the company, valued at approximately $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 90 days, insiders sold 4,044,919 shares of company stock valued at $584,414,209. Corporate insiders own 4.17% of the company's stock.

Wall Street Analyst Weigh In

NVDA has been the topic of a number of recent analyst reports. Truist Financial increased their target price on NVIDIA from $205.00 to $210.00 and gave the stock a "buy" rating in a research note on Thursday, May 29th. Benchmark restated a "buy" rating and issued a $190.00 price target on shares of NVIDIA in a report on Thursday, May 29th. Bank of America boosted their price target on NVIDIA from $150.00 to $160.00 and gave the company a "buy" rating in a report on Wednesday, May 14th. Susquehanna restated a "positive" rating and set a $180.00 price objective on shares of NVIDIA in a report on Wednesday, March 19th. Finally, KeyCorp set a $190.00 target price on NVIDIA in a research report on Wednesday, March 19th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-four have given a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $176.19.

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.