NVIDIA Co. (NASDAQ:NVDA) Position Trimmed by Lantz Financial LLC

Lantz Financial LLC lowered its position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 9.2% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 37,719 shares of the computer hardware maker's stock after selling 3,839 shares during the quarter. NVIDIA accounts for approximately 1.1% of Lantz Financial LLC's investment portfolio, making the stock its 17th biggest holding. Lantz Financial LLC's holdings in NVIDIA were worth $4,088,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Tacita Capital Inc bought a new position in shares of NVIDIA during the 4th quarter worth $28,000. Vision Financial Markets LLC purchased a new stake in NVIDIA during the fourth quarter valued at about $38,000. Luken Investment Analytics LLC bought a new position in NVIDIA during the fourth quarter worth about $40,000. Copia Wealth Management bought a new position in NVIDIA during the fourth quarter worth about $50,000. Finally, LSV Asset Management purchased a new position in shares of NVIDIA in the fourth quarter worth about $54,000. Hedge funds and other institutional investors own 65.27% of the company's stock.

Insider Buying and Selling at NVIDIA

In other news, Director Aarti S. Shah sold 20,000 shares of the stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $118.42, for a total transaction of $2,368,400.00. Following the completion of the transaction, the director now directly owns 53,208 shares in the company, valued at approximately $6,300,891.36. This represents a 27.32% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the business's stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $116.80, for a total value of $525,600.00. Following the completion of the sale, the insider now owns 479,428 shares of the company's stock, valued at $55,997,190.40. This trade represents a 0.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,560,845 shares of company stock valued at $360,351,849 over the last ninety days. Corporate insiders own 4.17% of the company's stock.

Wall Street Analyst Weigh In

NVDA has been the topic of a number of recent research reports. TD Cowen increased their price objective on NVIDIA from $140.00 to $175.00 and gave the stock a "buy" rating in a report on Thursday, May 29th. Rosenblatt Securities raised their price objective on shares of NVIDIA from $178.00 to $200.00 and gave the company a "buy" rating in a research report on Thursday, May 29th. Bank of America boosted their price objective on shares of NVIDIA from $150.00 to $160.00 and gave the company a "buy" rating in a research note on Wednesday, May 14th. Mizuho increased their target price on shares of NVIDIA from $168.00 to $170.00 and gave the stock an "outperform" rating in a research note on Thursday, May 29th. Finally, DZ Bank upgraded shares of NVIDIA from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 28th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-five have given a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat.com, NVIDIA currently has a consensus rating of "Moderate Buy" and a consensus price target of $172.24.

NVIDIA Price Performance

NVIDIA stock traded up $2.17 during trading hours on Thursday, hitting $145.00. The stock had a trading volume of 161,506,082 shares, compared to its average volume of 276,827,751. NVIDIA Co. has a 1-year low of $86.62 and a 1-year high of $153.13. The stock has a market capitalization of $3.54 trillion, a price-to-earnings ratio of 57.06, a PEG ratio of 1.76 and a beta of 2.12. The stock's fifty day moving average is $121.86 and its two-hundred day moving average is $126.41. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). The company had revenue of $44.06 billion during the quarter, compared to analysts' expectations of $43.09 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. NVIDIA's quarterly revenue was up 69.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.61 EPS. As a group, analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. The ex-dividend date of this dividend is Wednesday, June 11th. NVIDIA's dividend payout ratio is currently 1.29%.

About NVIDIA

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.