NVIDIA Corporation (NASDAQ:NVDA) Shares Sold by Investor s Fiduciary Advisor Network LLC

Key Points

• Investor s Fiduciary Advisor Network LLC reduced its NVIDIA holdings by 25.5%, ending with 13,669 shares worth approximately $1.48 million.
• Several institutional investors have recently made significant transactions, with hedge funds owning 65.27% of NVIDIA's stock.
• NVIDIA reported quarterly earnings on May 28th, missing estimates with an EPS of $0.81, despite revenue rising 69.2% year-over-year to $44.06 billion.

Investor s Fiduciary Advisor Network LLC cut its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 25.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,669 shares of the computer hardware maker's stock after selling 4,685 shares during the period. Investor s Fiduciary Advisor Network LLC's holdings in NVIDIA were worth $1,481,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Norges Bank acquired a new stake in NVIDIA during the fourth quarter worth approximately $43,515,504,000. GAMMA Investing LLC raised its holdings in NVIDIA by 12,173.2% during the first quarter. GAMMA Investing LLC now owns 48,837,781 shares of the computer hardware maker's stock worth $5,293,039,000 after purchasing an additional 48,439,859 shares in the last quarter. Northern Trust Corp raised its holdings in NVIDIA by 15.8% during the fourth quarter. Northern Trust Corp now owns 266,454,194 shares of the computer hardware maker's stock worth $35,782,134,000 after purchasing an additional 36,266,817 shares in the last quarter. Proficio Capital Partners LLC raised its holdings in NVIDIA by 14,641.2% during the fourth quarter. Proficio Capital Partners LLC now owns 34,676,316 shares of the computer hardware maker's stock worth $4,656,682,000 after purchasing an additional 34,441,082 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in shares of NVIDIA by 204.6% in the 1st quarter. Assenagon Asset Management S.A. now owns 35,652,571 shares of the computer hardware maker's stock valued at $3,864,026,000 after acquiring an additional 23,948,733 shares during the period. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the company's stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $152.54, for a total value of $11,440,500.00. Following the transaction, the chief executive officer directly owned 75,548,225 shares of the company's stock, valued at $11,524,126,241.50. This represents a 0.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Tench Coxe sold 1,000,000 shares of the company's stock in a transaction that occurred on 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 completion of the transaction, the director directly owned 26,671,360 shares in the company, valued at approximately $3,808,670,208. The trade was a 3.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,339,800 shares of company stock worth $800,141,003 in the last 90 days. 4.17% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on NVDA. Morgan Stanley lifted their target price on shares of NVIDIA from $170.00 to $200.00 and gave the company an "overweight" rating in a report on Wednesday. Summit Insights raised shares of NVIDIA from a "hold" rating to a "buy" rating in a report on Thursday, May 29th. Mizuho set a $192.00 target price on shares of NVIDIA and gave the company an "outperform" rating in a report on Tuesday, July 15th. TD Cowen lifted their price objective on shares of NVIDIA from $140.00 to $175.00 and gave the company a "buy" rating in a research report on Thursday, May 29th. Finally, Phillip Securities upgraded shares of NVIDIA from a "moderate buy" rating to a "strong-buy" rating in a research report on Monday, July 14th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-three have assigned a buy rating and four have assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $182.03.

NVIDIA Stock Down 2.3%

NASDAQ NVDA traded down $4.15 on Friday, reaching $173.72. The company had a trading volume of 203,669,565 shares, compared to its average volume of 153,436,048. The firm has a market capitalization of $4.24 trillion, a PE ratio of 56.04, a P/E/G ratio of 1.57 and a beta of 2.14. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $183.30. The firm has a 50-day moving average of $155.30 and a 200-day moving average of $132.32. 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 released its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). The company had revenue of $44.06 billion during the quarter, compared to analysts' expectations of $43.09 billion. NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The firm's revenue was up 69.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.61 EPS. On average, equities research analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. The ex-dividend date was Wednesday, June 11th. NVIDIA's dividend payout ratio is currently 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.