Greenup Street Wealth Management LLC trimmed its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 14.4% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 48,245 shares of the computer hardware maker's stock after selling 8,106 shares during the period. NVIDIA comprises approximately 1.0% of Greenup Street Wealth Management LLC's investment portfolio, making the stock its 20th biggest position. Greenup Street Wealth Management LLC's holdings in NVIDIA were worth $5,229,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in NVDA. Global X Japan Co. Ltd. boosted its stake in shares of NVIDIA by 8.1% during the 1st quarter. Global X Japan Co. Ltd. now owns 356,955 shares of the computer hardware maker's stock valued at $38,687,000 after buying an additional 26,712 shares during the period. Montz Harcus Wealth Management LLC boosted its stake in shares of NVIDIA by 4.1% during the 1st quarter. Montz Harcus Wealth Management LLC now owns 19,223 shares of the computer hardware maker's stock valued at $2,083,000 after buying an additional 754 shares during the period. WestHill Financial Advisors Inc. boosted its stake in shares of NVIDIA by 1.8% during the 1st quarter. WestHill Financial Advisors Inc. now owns 9,523 shares of the computer hardware maker's stock valued at $1,032,000 after buying an additional 168 shares during the period. Centennial Wealth Advisory LLC boosted its stake in shares of NVIDIA by 7.5% during the 1st quarter. Centennial Wealth Advisory LLC now owns 24,446 shares of the computer hardware maker's stock valued at $2,649,000 after buying an additional 1,695 shares during the period. Finally, Bigelow Investment Advisors LLC boosted its stake in shares of NVIDIA by 0.5% during the 1st quarter. Bigelow Investment Advisors LLC now owns 23,606 shares of the computer hardware maker's stock valued at $2,558,000 after buying an additional 129 shares during the period. 65.27% of the stock is currently owned by institutional investors.
NVIDIA Trading Up 0.7%
NVDA traded up $1.22 on Thursday, hitting $164.10. The company had a trading volume of 167,093,998 shares, compared to its average volume of 266,706,770. The firm has a market cap of $4.00 trillion, a P/E ratio of 52.94, a PEG ratio of 1.44 and a beta of 2.13. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $164.50. The company's fifty day moving average price is $140.52 and its 200 day moving average price is $128.60. 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 (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 net margin of 51.69% and a return on equity of 105.09%. The firm had revenue of $44.06 billion during the quarter, compared to analyst estimates of $43.09 billion. During the same period in the previous year, the company posted $0.61 earnings per share. NVIDIA's revenue was up 69.2% compared to the same quarter last year. As a group, equities analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current year.
NVIDIA Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th were given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.02%. The ex-dividend date was Wednesday, June 11th. NVIDIA's dividend payout ratio is currently 1.29%.
Insiders Place Their Bets
In related news, Director A Brooke Seawell sold 49,131 shares of the firm's stock in a transaction dated Thursday, July 10th. The stock was sold at an average price of $162.83, for a total transaction of $8,000,000.73. Following the sale, the director directly owned 1,826,382 shares in the company, valued at approximately $297,389,781.06. This trade represents a 2.62% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction that occurred on Wednesday, July 9th. The stock was sold at an average price of $163.11, for a total value of $12,233,250.00. Following the sale, the chief executive officer owned 74,873,225 shares in the company, valued at $12,212,571,729.75. This represents a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 4,520,246 shares of company stock worth $660,253,045. Corporate insiders own 4.17% of the company's stock.
Analyst Ratings Changes
A number of brokerages have issued reports on NVDA. Citigroup lifted their target price on shares of NVIDIA from $180.00 to $190.00 and gave the company a "buy" rating in a research note on Monday. The Goldman Sachs Group initiated coverage on shares of NVIDIA in a report on Thursday. They issued a "buy" rating and a $185.00 target price on the stock. Rosenblatt Securities boosted their price objective on shares of NVIDIA from $178.00 to $200.00 and gave the stock a "buy" rating in a report on Thursday, May 29th. Seaport Res Ptn upgraded shares of NVIDIA to a "strong sell" rating in a report on Wednesday, April 30th. Finally, Benchmark reiterated a "buy" rating and set a $190.00 target price on shares of NVIDIA in a research report on Thursday, May 29th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-four have issued a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $177.03.
Read Our Latest Report on NVIDIA
About NVIDIA
(
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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