Motive Wealth Advisors Cuts Stake in NVIDIA Corporation (NASDAQ:NVDA)

Motive Wealth Advisors decreased its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 6.5% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 23,242 shares of the computer hardware maker's stock after selling 1,617 shares during the period. NVIDIA makes up about 1.3% of Motive Wealth Advisors' holdings, making the stock its 21st biggest holding. Motive Wealth Advisors' holdings in NVIDIA were worth $2,519,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. SC&H Financial Advisors Inc. boosted its holdings in shares of NVIDIA by 1.6% in the fourth quarter. SC&H Financial Advisors Inc. now owns 5,074 shares of the computer hardware maker's stock worth $681,000 after buying an additional 80 shares during the last quarter. DecisionPoint Financial LLC raised its stake in NVIDIA by 2.9% during the 4th quarter. DecisionPoint Financial LLC now owns 2,878 shares of the computer hardware maker's stock worth $386,000 after acquiring an additional 80 shares during the period. BCR Wealth Strategies LLC raised its stake in NVIDIA by 3.1% during the 4th quarter. BCR Wealth Strategies LLC now owns 2,919 shares of the computer hardware maker's stock worth $391,000 after acquiring an additional 89 shares during the period. Condor Capital Management raised its stake in NVIDIA by 3.6% during the 4th quarter. Condor Capital Management now owns 2,559 shares of the computer hardware maker's stock worth $344,000 after acquiring an additional 89 shares during the period. Finally, Squire Investment Management Company LLC raised its stake in NVIDIA by 4.0% during the 4th quarter. Squire Investment Management Company LLC now owns 2,360 shares of the computer hardware maker's stock worth $317,000 after acquiring an additional 91 shares during the period. Hedge funds and other institutional investors own 65.27% of the company's stock.

NVIDIA Trading Up 1.8%

NASDAQ NVDA opened at $157.75 on Monday. 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 firm has a market cap of $3.85 trillion, a PE ratio of 50.89, a price-to-earnings-growth ratio of 1.40 and a beta of 2.12. The company has a 50 day moving average price of $130.96 and a 200 day moving average price of $126.89. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $158.71.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.06). The firm had revenue of $44.06 billion for the quarter, compared to the consensus estimate of $43.09 billion. NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The company's revenue was up 69.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.61 EPS. As a group, sell-side analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently disclosed 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. The ex-dividend date is Wednesday, June 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. NVIDIA's dividend payout ratio (DPR) is presently 1.29%.

Insider Buying and Selling

In other NVIDIA news, Director Robert K. Burgess sold 50,000 shares of the company's stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $134.82, for a total transaction of $6,741,000.00. Following the transaction, the director now owns 201,044 shares in the company, valued at approximately $27,104,752.08. This represents a 19.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Ajay K. Puri sold 168,195 shares of the company's stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $152.64, for a total transaction of $25,673,284.80. Following the transaction, the executive vice president now owns 4,018,547 shares in the company, valued at $613,391,014.08. The trade was a 4.02% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,792,267 shares of company stock worth $544,823,117 in the last 90 days. 4.17% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Arete Research upgraded shares of NVIDIA to a "strong-buy" rating in a research note on Wednesday, May 21st. TD Cowen lifted their price objective on shares of NVIDIA from $140.00 to $175.00 and gave the company a "buy" rating in a research report on Thursday, May 29th. Raymond James Financial raised their target price on shares of NVIDIA from $150.00 to $165.00 and gave the company a "strong-buy" rating in a report on Thursday, May 29th. Benchmark reissued a "buy" rating and issued a $190.00 target price on shares of NVIDIA in a report on Thursday, May 29th. Finally, UBS Group reaffirmed a "buy" rating on shares of NVIDIA in a research note on Friday, May 23rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, thirty-four have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $175.78.

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.

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