Mogy Joel R Investment Counsel Inc. Lowers Stake in NVIDIA Corporation (NASDAQ:NVDA)

Mogy Joel R Investment Counsel Inc. lessened its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 3.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,390,322 shares of the computer hardware maker's stock after selling 47,105 shares during the period. NVIDIA accounts for 9.7% of Mogy Joel R Investment Counsel Inc.'s investment portfolio, making the stock its largest position. Mogy Joel R Investment Counsel Inc.'s holdings in NVIDIA were worth $150,683,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Tacita Capital Inc bought a new stake in NVIDIA during the 4th quarter valued at $28,000. Vision Financial Markets LLC bought a new position in shares of NVIDIA in the fourth quarter worth $38,000. Copia Wealth Management purchased a new position in shares of NVIDIA in the fourth quarter valued at $50,000. LSV Asset Management bought a new stake in shares of NVIDIA during the 4th quarter valued at $54,000. Finally, Bruce G. Allen Investments LLC lifted its holdings in 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 purchasing an additional 327 shares in the last quarter. Institutional investors own 65.27% of the company's stock.

NVIDIA Stock Performance

NASDAQ NVDA opened at $155.02 on Friday. The company has a 50-day simple moving average of $129.83 and a two-hundred day simple moving average of $126.89. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $156.72. The firm has a market cap of $3.78 trillion, a price-to-earnings ratio of 50.01, a PEG ratio of 1.36 and a beta of 2.12. The company has a quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its 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 company had revenue of $44.06 billion for the quarter, compared to analysts' expectations of $43.09 billion. During the same quarter in the prior year, the company earned $0.61 earnings per share. The company's revenue was up 69.2% compared to the same quarter last year. On average, equities analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current 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 issued a dividend of $0.01 per share. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. NVIDIA's dividend payout ratio is currently 1.29%.

Wall Street Analysts Forecast Growth

NVDA has been the subject of a number of recent analyst reports. Bank of America lifted their target price on NVIDIA from $150.00 to $160.00 and gave the company a "buy" rating in a report on Wednesday, May 14th. KeyCorp set a $190.00 price target on shares of NVIDIA in a report on Wednesday, March 19th. Oppenheimer reaffirmed an "outperform" rating and set a $175.00 price objective on shares of NVIDIA in a research note on Monday, June 16th. Citigroup reaffirmed a "buy" rating and set a $180.00 target price (up previously from $150.00) on shares of NVIDIA in a report on Thursday, May 29th. Finally, Seaport Res Ptn raised shares of NVIDIA to a "strong sell" rating in a report on Wednesday, April 30th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, thirty-four have assigned a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $175.78.

Insider Buying and Selling at NVIDIA

In other news, Director A Brooke Seawell sold 55,282 shares of the stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $144.71, for a total transaction of $7,999,858.22. Following the completion of the sale, the director now directly owns 1,944,718 shares in the company, valued at approximately $281,420,141.78. This represents a 2.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jen Hsun Huang sold 50,000 shares of the firm's stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $144.26, for a total value of $7,213,000.00. Following the completion of the sale, the chief executive officer now directly owns 75,723,225 shares in the company, valued at $10,923,832,438.50. The trade was a 0.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,468,863 shares of company stock valued at $495,150,332 in the last quarter. Company insiders own 4.17% of the company's stock.

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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