Lbp Am Sa Lowers Stake in NVIDIA Corporation (NASDAQ:NVDA)

Key Points

• Lbp Am Sa reduced its holdings in NVIDIA Corporation by 7.9%, now owning approximately 3.7 million shares valued at $401.4 million, making it their second-largest investment.
• During the recent quarter, NVIDIA reported $0.81 EPS, missing analysts' estimates, but achieved a revenue of $44.06 billion, marking a year-over-year increase of 69.2%.
• NVIDIA's CEO recently sold 75,000 shares, valued at over $13 million, while insiders have collectively sold more than 5.3 million shares in the last three months.

Lbp Am Sa lowered its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 7.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,703,815 shares of the computer hardware maker's stock after selling 316,379 shares during the quarter. NVIDIA accounts for about 6.2% of Lbp Am Sa's investment portfolio, making the stock its 2nd biggest position. Lbp Am Sa's holdings in NVIDIA were worth $401,419,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Tacita Capital Inc bought a new stake in NVIDIA during the fourth quarter worth about $28,000. Vision Financial Markets LLC bought a new stake in NVIDIA during the fourth quarter worth about $38,000. Copia Wealth Management bought a new stake in NVIDIA during the fourth quarter worth about $50,000. Barnes Dennig Private Wealth Management LLC bought a new stake in NVIDIA during the first quarter worth about $51,000. Finally, Bruce G. Allen Investments LLC grew its stake in NVIDIA by 198.2% during the first quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock worth $53,000 after buying an additional 327 shares during the last quarter. Institutional investors own 65.27% of the company's stock.

NVIDIA Trading Down 2.3%

Shares of NASDAQ:NVDA opened at $173.72 on Monday. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $183.30. The company has a quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10. The company's fifty day simple moving average is $155.30 and its 200 day simple moving average is $132.28. The firm has a market cap of $4.24 trillion, a price-to-earnings ratio of 56.04, a PEG ratio of 1.53 and a beta of 2.14.

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 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 quarter in the previous year, the business earned $0.61 earnings per share. The company's revenue was up 69.2% on a year-over-year basis. As a group, research analysts forecast 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. Shareholders of record on Wednesday, June 11th were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.0%. The ex-dividend date was Wednesday, June 11th. NVIDIA's payout ratio is presently 1.29%.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction on Wednesday, July 30th. The shares were sold at an average price of $178.74, for a total value of $13,405,500.00. Following the sale, the chief executive officer directly owned 73,748,225 shares in the company, valued at approximately $13,181,757,736.50. The trade was a 0.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Colette Kress sold 27,650 shares of NVIDIA stock in a transaction on Tuesday, July 15th. The shares were 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 in the company, valued at $510,023,939.24. The trade was a 0.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,339,800 shares of company stock worth $800,141,003. Insiders own 4.17% of the company's stock.

Analyst Ratings Changes

Several brokerages have weighed in on NVDA. TD Cowen upped their price objective on shares of NVIDIA from $140.00 to $175.00 and gave the stock a "buy" rating in a research note on Thursday, May 29th. Morgan Stanley increased their price target on shares of NVIDIA from $170.00 to $200.00 and gave the company an "overweight" rating in a research note on Wednesday, July 30th. Seaport Res Ptn raised shares of NVIDIA to a "strong sell" rating in a research note on Wednesday, April 30th. DA Davidson increased their price target on shares of NVIDIA from $120.00 to $135.00 and gave the company a "neutral" rating in a research note on Thursday, May 29th. Finally, Bank of America increased their price target on shares of NVIDIA from $180.00 to $220.00 in a research note on Wednesday, July 16th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-three have given a buy rating and four have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $182.03.

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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