Ninety One SA PTY Ltd Lowers Position in NVIDIA Corporation (NASDAQ:NVDA)

Ninety One SA PTY Ltd lessened its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 28.2% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 99,748 shares of the computer hardware maker's stock after selling 39,153 shares during the quarter. NVIDIA makes up about 2.0% of Ninety One SA PTY Ltd's investment portfolio, making the stock its 15th largest holding. Ninety One SA PTY Ltd's holdings in NVIDIA were worth $10,765,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Tacita Capital Inc bought a new position in NVIDIA during the 4th quarter valued at approximately $28,000. Vision Financial Markets LLC bought a new position in NVIDIA during the 4th quarter valued at approximately $38,000. Copia Wealth Management bought a new position in NVIDIA during the 4th quarter valued at approximately $50,000. LSV Asset Management bought a new position in NVIDIA during the 4th quarter valued at approximately $54,000. Finally, Barnes Dennig Private Wealth Management LLC bought a new position in NVIDIA during the 1st quarter valued at approximately $51,000. Hedge funds and other institutional investors own 65.27% of the company's stock.

Insiders Place Their Bets

In other news, CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $152.54, for a total value of $11,440,500.00. Following the transaction, the chief executive officer directly owned 75,548,225 shares in the company, valued at $11,524,126,241.50. The trade was a 0.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Ajay K. Puri sold 168,195 shares of the business's stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $152.64, for a total value of $25,673,284.80. Following the completion of the transaction, the executive vice president owned 4,018,547 shares in the company, valued at $613,391,014.08. The trade was a 4.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,339,800 shares of company stock valued at $800,141,003 over the last three months. Insiders own 4.17% of the company's stock.

NVIDIA Price Performance

Shares of NVIDIA stock opened at $173.72 on Friday. The stock's 50-day simple moving average is $155.30 and its 200-day simple moving average is $132.32. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $183.30. The company has a market capitalization of $4.24 trillion, a price-to-earnings ratio of 56.04, a PEG ratio of 1.57 and a beta of 2.14. 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 announced 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). NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The business had revenue of $44.06 billion during the quarter, compared to analysts' expectations of $43.09 billion. During the same quarter in the previous year, the firm earned $0.61 earnings per share. NVIDIA's revenue was up 69.2% on a year-over-year basis. As a group, analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. The ex-dividend date was Wednesday, June 11th. NVIDIA's payout ratio is presently 1.29%.

Wall Street Analyst Weigh In

NVDA has been the subject of a number of research analyst reports. Jefferies Financial Group lifted their target price on NVIDIA from $185.00 to $200.00 in a report on Wednesday, July 16th. Wedbush reissued an "outperform" rating on shares of NVIDIA in a report on Thursday, May 29th. Barclays lifted 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. Needham & Company LLC raised their price target on NVIDIA from $160.00 to $200.00 and gave the stock a "buy" rating in a research note on Wednesday, July 16th. Finally, UBS Group restated a "buy" rating on shares of NVIDIA in a research note on Friday, May 23rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-three have given a buy rating and four have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $182.03.

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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