NVIDIA Corporation (NASDAQ:NVDA) Shares Sold by World Equity Group Inc.

World Equity Group Inc. trimmed its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 39.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 63,551 shares of the computer hardware maker's stock after selling 42,157 shares during the quarter. NVIDIA comprises 2.0% of World Equity Group Inc.'s holdings, making the stock its 8th biggest position. World Equity Group Inc.'s holdings in NVIDIA were worth $6,922,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Echo Wealth Management LLC raised its holdings in shares of NVIDIA by 28.5% in the 1st quarter. Echo Wealth Management LLC now owns 2,592 shares of the computer hardware maker's stock worth $281,000 after purchasing an additional 575 shares in the last quarter. GAM Holding AG raised its holdings in shares of NVIDIA by 7.0% in the 1st quarter. GAM Holding AG now owns 497,391 shares of the computer hardware maker's stock worth $53,907,000 after purchasing an additional 32,518 shares in the last quarter. Stonegate Investment Group LLC raised its holdings in shares of NVIDIA by 1.1% in the 1st quarter. Stonegate Investment Group LLC now owns 153,529 shares of the computer hardware maker's stock worth $16,639,000 after purchasing an additional 1,685 shares in the last quarter. Retirement Planning Group LLC NY raised its holdings in shares of NVIDIA by 52.1% in the 1st quarter. Retirement Planning Group LLC NY now owns 4,512 shares of the computer hardware maker's stock worth $489,000 after purchasing an additional 1,546 shares in the last quarter. Finally, Perfromance Wealth Partners LLC raised its holdings in shares of NVIDIA by 2.8% in the 1st quarter. Perfromance Wealth Partners LLC now owns 1,350,341 shares of the computer hardware maker's stock worth $146,350,000 after purchasing an additional 36,468 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors.

NVIDIA Stock Up 1.2%

NVDA stock traded up $1.97 during trading hours on Friday, hitting $166.07. The company's stock had a trading volume of 121,011,616 shares, compared to its average volume of 266,143,885. 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 company has a market capitalization of $4.05 trillion, a PE ratio of 53.68, a price-to-earnings-growth ratio of 1.44 and a beta of 2.13. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $167.84. The stock has a 50 day moving average price of $140.52 and a two-hundred day moving average price of $128.60.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its earnings results 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 return on equity of 105.09% and a net margin of 51.69%. The business had revenue of $44.06 billion during the quarter, compared to the consensus estimate of $43.09 billion. During the same period in the prior year, the firm earned $0.61 earnings per share. The business's revenue was up 69.2% on a year-over-year basis. On average, equities research analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.02%. The ex-dividend date was Wednesday, June 11th. NVIDIA's payout ratio is 1.29%.

Insiders Place Their Bets

In other news, CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction on Wednesday, July 9th. The shares were sold at an average price of $163.11, for a total value of $12,233,250.00. Following the completion of the sale, the chief executive officer directly owned 74,873,225 shares in the company, valued at approximately $12,212,571,729.75. The trade was a 0.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director A Brooke Seawell sold 49,131 shares of the business's stock in a transaction on Thursday, July 10th. The stock was sold at an average price of $162.83, for a total transaction of $8,000,000.73. Following the completion of the sale, the director owned 1,826,382 shares of the company's stock, valued at $297,389,781.06. The trade was a 2.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 4,520,246 shares of company stock valued at $660,253,045 over the last 90 days. 4.17% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms recently commented on NVDA. William Blair reiterated an "outperform" rating on shares of NVIDIA in a report on Thursday, March 20th. HSBC downgraded shares of NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 target price on the stock. in a report on Thursday, April 3rd. Needham & Company LLC restated a "buy" rating and set a $160.00 price target on shares of NVIDIA in a report on Thursday, May 29th. UBS Group restated a "buy" rating on shares of NVIDIA in a report on Friday, May 23rd. Finally, Bank of America boosted their price target on shares of NVIDIA from $150.00 to $160.00 and gave the company a "buy" rating in a report on Wednesday, May 14th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-four have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, NVIDIA has a consensus rating of "Moderate Buy" and a consensus target price of $177.03.

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.