Heartwood Wealth Advisors LLC cut its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 35.0% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,210 shares of the computer hardware maker's stock after selling 3,347 shares during the period. Heartwood Wealth Advisors LLC's holdings in NVIDIA were worth $673,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in the stock. FMR LLC lifted its holdings in shares of NVIDIA by 0.7% during the 4th quarter. FMR LLC now owns 1,004,376,608 shares of the computer hardware maker's stock valued at $134,877,735,000 after acquiring an additional 6,665,252 shares in the last quarter. Geode Capital Management LLC lifted its holdings in NVIDIA by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 555,548,278 shares of the computer hardware maker's stock worth $74,439,273,000 after buying an additional 9,468,786 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in NVIDIA by 0.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 411,328,951 shares of the computer hardware maker's stock worth $55,237,367,000 after buying an additional 3,721,331 shares in the last quarter. Norges Bank acquired a new position in NVIDIA in the 4th quarter worth $43,515,504,000. Finally, Northern Trust Corp lifted its holdings in NVIDIA by 15.8% in the 4th quarter. Northern Trust Corp now owns 266,454,194 shares of the computer hardware maker's stock worth $35,782,134,000 after buying an additional 36,266,817 shares in the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.
NVIDIA Stock Performance
NVDA stock traded down $1.10 on Monday, reaching $158.24. The company's stock had a trading volume of 139,752,171 shares, compared to its average volume of 267,843,138. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $160.98. The company has a market capitalization of $3.86 trillion, a P/E ratio of 51.05, a price-to-earnings-growth ratio of 1.41 and a beta of 2.13. The firm has a fifty day moving average of $137.37 and a two-hundred day moving average of $127.97. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.39 and a quick ratio of 2.96.
NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (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 business had revenue of $44.06 billion during the quarter, compared to the consensus estimate of $43.09 billion. During the same period last year, the company earned $0.61 earnings per share. The business's quarterly revenue was up 69.2% compared to the same quarter last year. As a group, analysts predict that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.
NVIDIA Announces Dividend
The company also recently declared 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 dividend on an annualized basis and a yield of 0.03%. The ex-dividend date of this dividend was Wednesday, June 11th. NVIDIA's payout ratio is currently 1.29%.
Analyst Ratings Changes
A number of equities analysts have commented on NVDA shares. Hsbc Global Res lowered shares of NVIDIA from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 3rd. UBS Group reaffirmed a "buy" rating on shares of NVIDIA in a research report on Friday, May 23rd. Stifel Nicolaus set a $180.00 price objective on NVIDIA in a report on Wednesday, March 19th. HSBC cut NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 price objective on the stock. in a research note on Thursday, April 3rd. Finally, Wedbush restated an "outperform" rating on shares of NVIDIA in a research note on Thursday, May 29th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, thirty-four have assigned a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, NVIDIA currently has a consensus rating of "Moderate Buy" and a consensus target price of $176.47.
Check Out Our Latest Report on NVIDIA
Insider Transactions at NVIDIA
In other NVIDIA news, Director Mark A. Stevens sold 935,000 shares of the stock in a transaction on 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 directly owned 9,214,697 shares of the company's stock, valued at approximately $1,298,535,101.24. This trade represents a 9.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Ajay K. Puri sold 168,195 shares of the stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $152.64, for a total value of $25,673,284.80. Following the transaction, the executive vice president directly owned 4,018,547 shares of the company's stock, valued at approximately $613,391,014.08. The trade was a 4.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,296,844 shares of company stock valued at $624,019,677. Company insiders own 4.17% of the company's stock.
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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