NVIDIA Corporation (NASDAQ:NVDA) Shares Sold by Janney Capital Management LLC

Janney Capital Management LLC cut its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 18.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 84,112 shares of the computer hardware maker's stock after selling 18,788 shares during the period. Janney Capital Management LLC's holdings in NVIDIA were worth $9,116,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Tacita Capital Inc purchased a new position in NVIDIA during the fourth quarter valued at $28,000. Vision Financial Markets LLC bought a new position in shares of NVIDIA during the 4th quarter valued at approximately $38,000. Copia Wealth Management bought a new position in shares of NVIDIA during the 4th quarter valued at approximately $50,000. LSV Asset Management bought a new position in shares of NVIDIA during the 4th quarter valued at approximately $54,000. Finally, Bruce G. Allen Investments LLC boosted its position in shares of NVIDIA by 198.2% during the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock valued at $53,000 after acquiring an additional 327 shares during the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

NVIDIA Stock Down 0.7%

NVDA traded down $1.10 on Monday, hitting $158.24. The company had a trading volume of 139,658,637 shares, compared to its average volume of 267,841,414. The stock has a fifty day moving average price of $136.38 and a 200-day moving average price of $127.81. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $160.98. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.96 and a current ratio of 3.39. The stock has a market capitalization of $3.86 trillion, a price-to-earnings ratio of 51.05, a P/E/G ratio of 1.41 and a beta of 2.13.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) 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 company had revenue of $44.06 billion during the quarter, compared to analysts' expectations of $43.09 billion. During the same quarter last year, the firm earned $0.61 EPS. NVIDIA's revenue for the quarter was up 69.2% on a year-over-year basis. Analysts predict that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th were paid a dividend of $0.01 per share. The ex-dividend date of this dividend was Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. NVIDIA's payout ratio is 1.29%.

Insider Transactions at NVIDIA

In other news, CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $157.53, for a total transaction of $11,814,750.00. Following the sale, the chief executive officer owned 75,323,225 shares in the company, valued at approximately $11,865,667,634.25. The trade was a 0.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director A Brooke Seawell sold 51,740 shares of the business's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $154.62, for a total value of $8,000,038.80. Following the sale, the director owned 1,576,709 shares in the company, valued at $243,790,745.58. The trade was a 3.18% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,044,919 shares of company stock worth $584,414,209. Insiders own 4.17% of the company's stock.

Analyst Ratings Changes

NVDA has been the subject of a number of research reports. Loop Capital increased their target price on NVIDIA from $175.00 to $250.00 and gave the company a "buy" rating in a research report on Wednesday, June 25th. Citigroup lifted their price objective on shares of NVIDIA from $180.00 to $190.00 and gave the stock a "buy" rating in a research note on Monday. Oppenheimer reaffirmed an "outperform" rating and set a $175.00 price objective on shares of NVIDIA in a research note on Monday, June 16th. Susquehanna reaffirmed a "positive" rating and set a $180.00 price objective on shares of NVIDIA in a research note on Wednesday, March 19th. Finally, Seaport Res Ptn raised shares of NVIDIA to a "strong sell" rating in a research note on Wednesday, April 30th. One analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-four have given a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $176.47.

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.