KBC Group NV Sells 1,463,719 Shares of NVIDIA Corporation (NASDAQ:NVDA)

KBC Group NV decreased its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 9.0% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 14,734,960 shares of the computer hardware maker's stock after selling 1,463,719 shares during the period. NVIDIA comprises approximately 5.0% of KBC Group NV's portfolio, making the stock its 2nd biggest holding. KBC Group NV owned 0.06% of NVIDIA worth $1,596,975,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Condor Capital Management grew its holdings in shares of NVIDIA by 3.6% in the 4th quarter. Condor Capital Management now owns 2,559 shares of the computer hardware maker's stock valued at $344,000 after acquiring an additional 89 shares in the last quarter. Kelly Financial Services LLC grew its holdings in shares of NVIDIA by 2.0% in the 1st quarter. Kelly Financial Services LLC now owns 4,736 shares of the computer hardware maker's stock valued at $513,000 after acquiring an additional 94 shares in the last quarter. Foundry Financial Group Inc. grew its holdings in shares of NVIDIA by 2.2% in the 4th quarter. Foundry Financial Group Inc. now owns 4,387 shares of the computer hardware maker's stock valued at $589,000 after acquiring an additional 96 shares in the last quarter. Mendel Capital Management LLC grew its holdings in shares of NVIDIA by 0.8% in the 1st quarter. Mendel Capital Management LLC now owns 11,871 shares of the computer hardware maker's stock valued at $1,287,000 after acquiring an additional 96 shares in the last quarter. Finally, Wallace Hart LLC grew its holdings in shares of NVIDIA by 3.9% in the 4th quarter. Wallace Hart LLC now owns 2,599 shares of the computer hardware maker's stock valued at $349,000 after acquiring an additional 97 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

NVIDIA Stock Performance

Shares of NVDA opened at $167.03 on Wednesday. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.39 and a quick ratio of 2.96. The stock has a 50-day moving average of $146.99 and a 200-day moving average of $129.81. The company has a market cap of $4.08 trillion, a PE ratio of 53.88, a P/E/G ratio of 1.51 and a beta of 2.13. NVIDIA Corporation has a one year low of $86.62 and a one year high of $174.25.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share 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 business had revenue of $44.06 billion during the quarter, compared to the consensus estimate of $43.09 billion. During the same period in the previous year, the business posted $0.61 EPS. NVIDIA's revenue was up 69.2% compared to the same quarter last year. On average, equities research analysts predict that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Wednesday, June 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.02%. NVIDIA's dividend payout ratio is currently 1.29%.

Insider Activity

In related news, EVP Ajay K. Puri sold 168,195 shares of NVIDIA stock in a transaction that occurred 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 sale, the executive vice president 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Tench Coxe sold 1,000,000 shares of NVIDIA stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $142.80, for a total transaction of $142,800,000.00. Following the completion of the sale, the director directly owned 26,671,360 shares in the company, valued at $3,808,670,208. This trade represents a 3.61% decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,964,800 shares of company stock worth $734,906,003 in the last quarter. 4.17% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on NVDA. Jefferies Financial Group lifted their price target on NVIDIA from $185.00 to $200.00 in a report on Wednesday, July 16th. The Goldman Sachs Group assumed coverage on NVIDIA in a report on Thursday, July 10th. They set a "buy" rating and a $185.00 price objective for the company. Wedbush reiterated an "outperform" rating on shares of NVIDIA in a research report on Thursday, May 29th. Rosenblatt Securities boosted their price objective on shares of NVIDIA from $178.00 to $200.00 and gave the company a "buy" rating in a research report on Thursday, May 29th. Finally, UBS Group restated a "buy" rating on shares of NVIDIA in a research report on Friday, May 23rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-three have issued a buy rating and four have assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $181.22.

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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