Greenspring Advisors LLC Sells 2,271 Shares of NVIDIA Corporation (NASDAQ:NVDA)

Greenspring Advisors LLC reduced its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 38.4% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,641 shares of the computer hardware maker's stock after selling 2,271 shares during the quarter. Greenspring Advisors LLC's holdings in NVIDIA were worth $395,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Tacita Capital Inc purchased a new position in shares of NVIDIA in the fourth quarter worth approximately $28,000. Vision Financial Markets LLC bought a new stake in shares of NVIDIA during the fourth quarter valued at approximately $38,000. Luken Investment Analytics LLC bought a new stake in NVIDIA in the fourth quarter worth $40,000. Copia Wealth Management bought a new stake in NVIDIA in the fourth quarter worth $50,000. Finally, LSV Asset Management bought a new position in NVIDIA during the fourth quarter valued at $54,000. 65.27% of the stock is currently owned by institutional investors.

NVIDIA Stock Down 1.1%

Shares of NVDA opened at $143.83 on Friday. The company has a current ratio of 3.39, a quick ratio of 2.96 and a debt-to-equity ratio of 0.10. The firm has a market cap of $3.51 trillion, a P/E ratio of 46.40, a price-to-earnings-growth ratio of 1.28 and a beta of 2.12. The company's 50-day moving average price is $126.37 and its 200 day moving average price is $126.69. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $153.13.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced 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 period in the prior year, the firm posted $0.61 earnings per share. The business's quarterly revenue was up 69.2% compared to the same quarter last year. On average, sell-side analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

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 issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. The ex-dividend date of this dividend is Wednesday, June 11th. NVIDIA's dividend payout ratio (DPR) is 1.29%.

Analyst Ratings Changes

NVDA has been the topic of a number of analyst reports. Benchmark reiterated a "buy" rating and set a $190.00 price objective on shares of NVIDIA in a research report on Thursday, May 29th. Cantor Fitzgerald reissued an "overweight" rating and set a $200.00 price target on shares of NVIDIA in a research report on Wednesday, April 16th. Wedbush reissued an "outperform" rating on shares of NVIDIA in a research report on Thursday, May 29th. UBS Group restated a "buy" rating on shares of NVIDIA in a report on Friday, May 23rd. Finally, Rosenblatt Securities increased their price target on shares of NVIDIA from $178.00 to $200.00 and gave the stock a "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 given a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $173.05.

Insider Activity at NVIDIA

In other news, Director Tench Coxe sold 1,000,000 shares of the company's stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $142.80, for a total transaction of $142,800,000.00. Following the completion of the sale, the director now owns 26,671,360 shares in the company, valued at $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 Securities & Exchange Commission, which is available through this link. Also, Director Robert K. Burgess sold 50,000 shares of the stock in a transaction on Friday, May 30th. The stock was sold at an average price of $134.82, for a total value of $6,741,000.00. Following the completion of the transaction, the director now owns 201,044 shares of the company's stock, valued at $27,104,752.08. The trade was a 19.92% decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,469,685 shares of company stock valued at $349,669,962 over the last three months. 4.17% of the stock is owned by corporate insiders.

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.

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