Jackson Thornton Wealth Management LLC Sells 1,427 Shares of NVIDIA Corporation (NASDAQ:NVDA)

Key Points

• Jackson Thornton Wealth Management LLC reduced its holdings in NVIDIA Corporation by 7.0%, now owning 18,878 shares valued at approximately $1.92 million.
• Insider transactions showed significant selling, including EVP Ajay K. Puri selling 168,195 shares and Director Tench Coxe selling 1,000,000 shares, indicating a 4.02% and 3.61% decrease in their respective positions.
• Analysts have recently increased their price targets for NVIDIA, with a range from $170.00 to $200.00, reflecting a mostly positive outlook despite one analyst rating it as a sell.

Jackson Thornton Wealth Management LLC trimmed its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 7.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,878 shares of the computer hardware maker's stock after selling 1,427 shares during the period. NVIDIA accounts for approximately 0.3% of Jackson Thornton Wealth Management LLC's portfolio, making the stock its 28th largest holding. Jackson Thornton Wealth Management LLC's holdings in NVIDIA were worth $1,916,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Tacita Capital Inc purchased a new position in NVIDIA during the 4th quarter valued at about $28,000. Vision Financial Markets LLC bought a new stake in shares of NVIDIA in the fourth quarter worth approximately $38,000. Copia Wealth Management bought a new stake in NVIDIA during the fourth quarter valued at approximately $50,000. Barnes Dennig Private Wealth Management LLC bought a new stake in NVIDIA during the first quarter valued at approximately $51,000. Finally, Bruce G. Allen Investments LLC boosted its position in shares of NVIDIA by 198.2% in the first quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock worth $53,000 after purchasing an additional 327 shares during the period. Institutional investors own 65.27% of the company's stock.

Insider Buying and Selling at NVIDIA

In related news, CFO Colette Kress sold 27,650 shares of NVIDIA stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $170.89, for a total transaction of $4,725,108.50. Following the completion of the sale, the chief financial officer owned 2,984,516 shares of the company's stock, valued at approximately $510,023,939.24. This trade represents a 0.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director A Brooke Seawell sold 48,792 shares of NVIDIA stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $163.96, for a total value of $7,999,936.32. Following the sale, the director directly owned 1,729,478 shares of the company's stock, valued at approximately $283,565,212.88. This trade represents a 2.74% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,339,800 shares of company stock worth $800,141,003 over the last ninety days. 4.17% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Seaport Res Ptn raised shares of NVIDIA to a "strong sell" rating in a report on Wednesday, April 30th. Benchmark reiterated a "buy" rating and set a $190.00 price objective on shares of NVIDIA in a report on Thursday, May 29th. Mizuho set a $192.00 target price on shares of NVIDIA and gave the stock an "outperform" rating in a report on Tuesday, July 15th. Citigroup raised their price target on shares of NVIDIA from $180.00 to $190.00 and gave the company a "buy" rating in a report on Monday, July 7th. Finally, HSBC cut shares of NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 price target on the stock. in a report on Thursday, April 3rd. One analyst has rated the stock with a sell rating, four have given a hold rating, thirty-three have issued a buy rating and four have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $182.03.

NVIDIA Stock Down 2.3%

NVDA stock traded down $4.15 during trading on Friday, reaching $173.72. 203,669,565 shares of the stock were exchanged, compared to its average volume of 248,821,531. The firm's 50 day moving average is $154.45 and its 200 day moving average is $132.03. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $183.30. 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 $4.24 trillion, a P/E ratio of 56.04, a price-to-earnings-growth ratio of 1.58 and a beta of 2.13.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing the consensus estimate 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 business's revenue for the quarter was up 69.2% compared to the same quarter last year. During the same period last year, the company earned $0.61 earnings per share. As a group, research analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th were paid a $0.01 dividend. The ex-dividend date was Wednesday, June 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. NVIDIA's payout ratio is presently 1.29%.

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.