NVIDIA Corporation (NASDAQ:NVDA) is Raleigh Capital Management Inc.'s 10th Largest Position

Key Points

• Raleigh Capital Management Inc. has reduced its holdings in NVIDIA Corporation by 22.3%, holding 28,548 shares valued at approximately $3.1 million.
• NVIDIA's quarterly earnings reported $0.81 EPS, missing estimates by $0.06, but saw a 69.2% increase in revenue compared to the previous year.
• Insiders have sold over 5.3 million shares of NVIDIA stock in the last ninety days, indicating potential shifts in ownership dynamics.

Raleigh Capital Management Inc. lowered its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 22.3% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 28,548 shares of the computer hardware maker's stock after selling 8,172 shares during the quarter. NVIDIA comprises 1.4% of Raleigh Capital Management Inc.'s investment portfolio, making the stock its 10th largest holding. Raleigh Capital Management Inc.'s holdings in NVIDIA were worth $3,094,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in NVDA. Wealth Group Ltd. boosted its position in shares of NVIDIA by 1.8% during the 4th quarter. Wealth Group Ltd. now owns 5,702 shares of the computer hardware maker's stock valued at $766,000 after acquiring an additional 100 shares during the last quarter. Tallon Kerry Patrick bought a new stake in NVIDIA in the 4th quarter worth approximately $972,000. Brighton Jones LLC lifted its position in NVIDIA by 12.4% in the 4th quarter. Brighton Jones LLC now owns 324,901 shares of the computer hardware maker's stock worth $43,631,000 after buying an additional 35,815 shares during the last quarter. Bank Pictet & Cie Europe AG lifted its position in NVIDIA by 1.0% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 2,346,417 shares of the computer hardware maker's stock worth $315,100,000 after buying an additional 22,929 shares during the last quarter. Finally, Highview Capital Management LLC DE lifted its position in NVIDIA by 6.7% in the 4th quarter. Highview Capital Management LLC DE now owns 58,396 shares of the computer hardware maker's stock worth $7,842,000 after buying an additional 3,653 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.

NVIDIA Stock Performance

Shares of NASDAQ NVDA traded down $4.15 during trading on Friday, hitting $173.72. The company had a trading volume of 203,669,565 shares, compared to its average volume of 153,436,048. The stock has a 50 day simple moving average of $155.30 and a 200 day simple moving average of $132.32. The firm has a market capitalization of $4.24 trillion, a P/E ratio of 56.04, a price-to-earnings-growth ratio of 1.57 and a beta of 2.14. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $183.30. 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 (NASDAQ:NVDA - Get Free Report) last announced its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $43.09 billion. During the same quarter last year, the firm posted $0.61 EPS. NVIDIA's revenue for the quarter was up 69.2% compared to the same quarter last year. As a group, analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

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

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Wedbush reiterated an "outperform" rating on shares of NVIDIA in a research report on Thursday, May 29th. The Goldman Sachs Group assumed coverage on NVIDIA in a research report on Thursday, July 10th. They issued a "buy" rating and a $185.00 price objective for the company. Morgan Stanley boosted their price objective on NVIDIA from $170.00 to $200.00 and gave the company an "overweight" rating in a research report on Wednesday. HSBC downgraded NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 price objective for the company. in a research report on Thursday, April 3rd. Finally, UBS Group reiterated a "buy" rating on shares of NVIDIA in a research report on Friday, May 23rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-three have assigned a buy rating and four have given a strong buy rating to the company. According to data from MarketBeat.com, NVIDIA presently has an average rating of "Moderate Buy" and an average price target of $182.03.

Insider Buying and Selling

In related news, CFO Colette Kress sold 27,650 shares of the company's stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $170.89, for a total transaction of $4,725,108.50. Following the completion of the sale, the chief financial officer directly owned 2,984,516 shares in the company, valued at $510,023,939.24. This represents a 0.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Jen Hsun Huang sold 75,000 shares of the company's stock in a transaction on Wednesday, July 30th. The stock was sold at an average price of $178.74, for a total value of $13,405,500.00. Following the sale, the chief executive officer owned 73,748,225 shares of the company's stock, valued at $13,181,757,736.50. This trade represents a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,339,800 shares of company stock worth $800,141,003 in the last three months. 4.17% of the stock is owned by insiders.

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.