International Private Wealth Advisors LLC Trims Position in NVIDIA Corporation (NASDAQ:NVDA)

International Private Wealth Advisors LLC decreased its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 18.9% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 17,816 shares of the computer hardware maker's stock after selling 4,144 shares during the period. NVIDIA accounts for approximately 1.9% of International Private Wealth Advisors LLC's portfolio, making the stock its 11th largest holding. International Private Wealth Advisors LLC's holdings in NVIDIA were worth $1,931,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the company. DiNuzzo Private Wealth Inc. increased its stake in NVIDIA by 0.8% in the fourth quarter. DiNuzzo Private Wealth Inc. now owns 8,612 shares of the computer hardware maker's stock valued at $1,157,000 after acquiring an additional 71 shares during the period. Baker Boyer National Bank increased its stake in NVIDIA by 3.3% in the fourth quarter. Baker Boyer National Bank now owns 2,403 shares of the computer hardware maker's stock valued at $323,000 after acquiring an additional 76 shares during the period. SC&H Financial Advisors Inc. increased its stake in NVIDIA by 1.6% in the fourth quarter. SC&H Financial Advisors Inc. now owns 5,074 shares of the computer hardware maker's stock valued at $681,000 after acquiring an additional 80 shares during the period. DecisionPoint Financial LLC increased its stake in NVIDIA by 2.9% in the fourth quarter. DecisionPoint Financial LLC now owns 2,878 shares of the computer hardware maker's stock valued at $386,000 after acquiring an additional 80 shares during the period. Finally, BCR Wealth Strategies LLC increased its stake in NVIDIA by 3.1% in the fourth quarter. BCR Wealth Strategies LLC now owns 2,919 shares of the computer hardware maker's stock valued at $391,000 after acquiring an additional 89 shares during the period. Hedge funds and other institutional investors own 65.27% of the company's stock.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director Robert K. Burgess sold 50,000 shares of NVIDIA stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $134.82, for a total transaction of $6,741,000.00. Following the transaction, the director now directly owns 201,044 shares in the company, valued at approximately $27,104,752.08. The trade was a 19.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Mark A. Stevens sold 125,836 shares of the business's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $137.79, for a total value of $17,338,942.44. Following the completion of the transaction, the director now directly owns 10,149,697 shares of the company's stock, valued at approximately $1,398,526,749.63. The trade was a 1.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,469,685 shares of company stock valued at $349,669,962. Corporate insiders own 4.17% of the company's stock.

NVIDIA Stock Down 1.1%

Shares of NVIDIA stock opened at $143.83 on Monday. The company has a quick ratio of 2.96, a current ratio of 3.39 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 business has a fifty day simple moving average of $126.37 and a 200 day simple moving average of $126.43. The stock has a market cap of $3.51 trillion, a PE ratio of 46.40, a price-to-earnings-growth ratio of 1.27 and a beta of 2.12.

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 last year, the firm earned $0.61 earnings per share. The firm's revenue for the quarter was up 69.2% on a year-over-year basis. Research analysts predict that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th will be paid 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 payout ratio is presently 1.29%.

Wall Street Analyst Weigh In

NVDA has been the topic of a number of recent analyst reports. Barclays boosted 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. Susquehanna restated a "positive" rating and issued a $180.00 price target on shares of NVIDIA in a research report on Wednesday, March 19th. KeyCorp set a $190.00 price target on shares of NVIDIA in a research report on Wednesday, March 19th. DA Davidson boosted their price target on shares of NVIDIA from $120.00 to $135.00 and gave the company a "neutral" rating in a research report on Thursday, May 29th. Finally, Morgan Stanley restated an "overweight" rating and issued a $170.00 price target (up from $160.00) on shares of NVIDIA in a research report on Thursday, May 29th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, thirty-five have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, NVIDIA presently has an average rating of "Moderate Buy" and an average price target of $173.05.

NVIDIA Company 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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