Great Waters Wealth Management Sells 2,108 Shares of NVIDIA Corporation (NASDAQ:NVDA)

Great Waters Wealth Management trimmed its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 5.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 38,392 shares of the computer hardware maker's stock after selling 2,108 shares during the quarter. NVIDIA accounts for 0.6% of Great Waters Wealth Management's holdings, making the stock its 15th largest holding. Great Waters Wealth Management's holdings in NVIDIA were worth $4,161,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NVDA. Tacita Capital Inc bought a new stake in NVIDIA in the fourth quarter valued at $28,000. Vision Financial Markets LLC purchased a new position in shares of NVIDIA in the 4th quarter worth approximately $38,000. Luken Investment Analytics LLC purchased a new position in shares of NVIDIA in the 4th quarter worth approximately $40,000. Copia Wealth Management purchased a new position in shares of NVIDIA in the 4th quarter worth approximately $50,000. Finally, LSV Asset Management purchased a new position in NVIDIA in the fourth quarter valued at approximately $54,000. Institutional investors own 65.27% of the company's stock.

Analyst Ratings Changes

NVDA has been the topic of a number of analyst reports. Needham & Company LLC reissued a "buy" rating and set a $160.00 target price on shares of NVIDIA in a report on Thursday, May 29th. Truist Financial increased their target price on NVIDIA from $205.00 to $210.00 and gave the company a "buy" rating in a research note on Thursday, May 29th. Susquehanna restated a "positive" rating and set a $180.00 price target on shares of NVIDIA in a research report on Wednesday, March 19th. Barclays upped their price target on shares of NVIDIA from $170.00 to $200.00 and gave the company an "overweight" rating in a research report on Tuesday, June 17th. Finally, Raymond James Financial increased their target price on shares of NVIDIA from $150.00 to $165.00 and gave the stock a "strong-buy" rating in a report on Thursday, May 29th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-five have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $173.05.

Insider Buying and Selling

In other news, Director Tench Coxe sold 1,000,000 shares of the company's stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $142.80, for a total value of $142,800,000.00. Following the transaction, the director now directly owns 26,671,360 shares in the company, valued at approximately $3,808,670,208. This represents a 3.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Mark A. Stevens sold 935,000 shares of the company's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $140.92, for a total transaction of $131,760,200.00. Following the completion of the transaction, the director now owns 9,214,697 shares in the company, valued at approximately $1,298,535,101.24. The trade was a 9.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,469,685 shares of company stock worth $349,669,962. Insiders own 4.17% of the company's stock.

NVIDIA Stock Performance

Shares of NASDAQ NVDA opened at $143.83 on Monday. The company has a current ratio of 3.39, a quick ratio of 2.96 and a debt-to-equity ratio of 0.10. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $153.13. The firm has a market capitalization of $3.51 trillion, a price-to-earnings ratio of 46.40, a price-to-earnings-growth ratio of 1.27 and a beta of 2.12. The firm has a 50 day moving average of $126.37 and a 200 day moving average of $126.43.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly 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). NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The firm had revenue of $44.06 billion for the quarter, compared to analysts' expectations of $43.09 billion. During the same period in the prior year, the firm earned $0.61 EPS. NVIDIA's revenue for the quarter was up 69.2% compared to the same quarter last year. On average, research analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

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

NVIDIA 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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