Net Worth Advisory Group Lowers Holdings in NVIDIA Corporation (NASDAQ:NVDA)

Net Worth Advisory Group decreased its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 6.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 32,223 shares of the computer hardware maker's stock after selling 2,251 shares during the period. NVIDIA accounts for about 1.1% of Net Worth Advisory Group's investment portfolio, making the stock its 15th biggest position. Net Worth Advisory Group's holdings in NVIDIA were worth $3,492,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the company. Tacita Capital Inc purchased a new stake in NVIDIA during the fourth quarter worth $28,000. Vision Financial Markets LLC purchased a new stake in NVIDIA during the fourth quarter worth $38,000. Copia Wealth Management purchased a new stake in NVIDIA during the fourth quarter worth $50,000. LSV Asset Management purchased a new stake in NVIDIA during the fourth quarter worth $54,000. Finally, Bruce G. Allen Investments LLC lifted its holdings 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 period. Hedge funds and other institutional investors own 65.27% of the company's stock.

Analyst Upgrades and Downgrades

NVDA has been the subject of a number of analyst reports. Barclays upped their target price on NVIDIA from $170.00 to $200.00 and gave the stock an "overweight" rating in a report on Tuesday, June 17th. Citigroup reaffirmed a "buy" rating and set a $180.00 price target (up from $150.00) on shares of NVIDIA in a research report on Thursday, May 29th. Truist Financial upped their price target on NVIDIA from $205.00 to $210.00 and gave the stock a "buy" rating in a research report on Thursday, May 29th. UBS Group reaffirmed a "buy" rating on shares of NVIDIA in a research report on Friday, May 23rd. Finally, Raymond James Financial upped their price target on NVIDIA from $150.00 to $165.00 and gave the stock a "strong-buy" rating in a research report on Thursday, May 29th. One investment 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 assigned a strong buy rating to the company's stock. Based on data from MarketBeat, NVIDIA currently has an average rating of "Moderate Buy" and an average target price of $175.78.

Insider Activity

In other news, Director A Brooke Seawell sold 54,467 shares of the firm's stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $146.88, for a total transaction of $8,000,112.96. Following the sale, the director now directly owns 1,834,570 shares in the company, valued at $269,461,641.60. This trade represents a 2.88% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of the firm's stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $152.54, for a total transaction of $11,440,500.00. Following the completion of the transaction, the chief executive officer now directly owns 75,548,225 shares in the company, valued at $11,524,126,241.50. This represents a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,468,863 shares of company stock worth $495,150,332 in the last ninety days. Company insiders own 4.17% of the company's stock.

NVIDIA Price Performance

Shares of NVDA opened at $155.02 on Friday. The business's 50-day moving average is $129.83 and its two-hundred day moving average is $126.89. The company has a market capitalization of $3.78 trillion, a P/E ratio of 50.01, a P/E/G ratio of 1.36 and a beta of 2.12. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.96 and a current ratio of 3.39. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $156.72.

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 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 period in the prior year, the business posted $0.61 earnings per share. NVIDIA's revenue for the quarter was up 69.2% on a year-over-year basis. Research analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. The ex-dividend date of this dividend is Wednesday, June 11th. NVIDIA's dividend payout ratio (DPR) is presently 1.29%.

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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