Matauro LLC Has $1.93 Million Stock Holdings in NVIDIA Corporation (NASDAQ:NVDA)

Matauro LLC cut its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 34.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,829 shares of the computer hardware maker's stock after selling 9,358 shares during the period. Matauro LLC's holdings in NVIDIA were worth $1,932,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Tacita Capital Inc acquired a new position in shares of NVIDIA during the 4th quarter worth $28,000. Vision Financial Markets LLC acquired a new position in shares of NVIDIA during the 4th quarter worth $38,000. Copia Wealth Management acquired a new position in shares of NVIDIA during the 4th quarter worth $50,000. Bruce G. Allen Investments LLC raised its holdings 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 worth $53,000 after buying an additional 327 shares in the last quarter. Finally, LSV Asset Management acquired a new position in shares of NVIDIA during the 4th quarter worth $54,000. 65.27% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently commented on NVDA shares. Hsbc Global Res cut NVIDIA from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 3rd. Arete Research upgraded NVIDIA to a "strong-buy" rating in a research report on Wednesday, May 21st. William Blair restated an "outperform" rating on shares of NVIDIA in a research report on Thursday, March 20th. Barclays boosted their price objective on NVIDIA from $170.00 to $200.00 and gave the stock an "overweight" rating in a research report on Tuesday, June 17th. Finally, UBS Group restated a "buy" rating on shares of NVIDIA in a research report on Friday, May 23rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-four have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, NVIDIA has a consensus rating of "Moderate Buy" and an average target price of $175.78.

Insider Buying and Selling

In other news, Director A Brooke Seawell sold 50,980 shares of the stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $156.92, for a total value of $7,999,781.60. Following the completion of the sale, the director now directly owns 1,679,361 shares of the company's stock, valued at $263,525,328.12. This represents a 2.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Ajay K. Puri sold 168,195 shares of the stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $152.64, for a total value of $25,673,284.80. Following the completion of the sale, the executive vice president now directly owns 4,018,547 shares of the company's stock, valued at approximately $613,391,014.08. This trade represents a 4.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,792,267 shares of company stock valued at $544,823,117. 4.17% of the stock is owned by company insiders.

NVIDIA Stock Up 1.8%

NVDA stock opened at $157.75 on Friday. The stock's 50 day simple moving average is $130.96 and its 200 day simple moving average is $126.97. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $158.71. 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 company has a market cap of $3.85 trillion, a P/E ratio of 50.89, a price-to-earnings-growth ratio of 1.40 and a beta of 2.12.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted 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). NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The firm had revenue of $44.06 billion for the quarter, compared to analyst estimates of $43.09 billion. During the same period last year, the company posted $0.61 earnings per share. The firm's quarterly revenue was up 69.2% compared to the same quarter last year. On average, research analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th will be paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. The ex-dividend date of this dividend is Wednesday, June 11th. NVIDIA's dividend payout ratio (DPR) 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.