NVIDIA Corporation (NASDAQ:NVDA) Holdings Lessened by Ramsay Stattman Vela & Price Inc.

Key Points

• Ramsay Stattman Vela & Price Inc. has decreased its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 8.3%, selling 14,094 shares and now owning 156,321 shares valued at approximately $16.9 million.
• NVIDIA reported quarterly earnings of $0.81 per share, missing analysts' expectations of $0.87 but achieving a revenue of $44.06 billion, up 69.2% year-over-year.
• The company declared a quarterly dividend of $0.01 per share, with a yield of 0.0% and a dividend payout ratio of 1.29%.

Ramsay Stattman Vela & Price Inc. lowered its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 8.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 156,321 shares of the computer hardware maker's stock after selling 14,094 shares during the period. NVIDIA makes up about 3.2% of Ramsay Stattman Vela & Price Inc.'s investment portfolio, making the stock its 9th largest position. Ramsay Stattman Vela & Price Inc.'s holdings in NVIDIA were worth $16,942,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Astoria Portfolio Advisors LLC. boosted its stake in NVIDIA by 0.9% during the 1st quarter. Astoria Portfolio Advisors LLC. now owns 93,568 shares of the computer hardware maker's stock valued at $9,610,000 after acquiring an additional 864 shares during the last quarter. Centerpoint Advisory Group boosted its stake in NVIDIA by 2.5% during the 1st quarter. Centerpoint Advisory Group now owns 39,398 shares of the computer hardware maker's stock valued at $4,270,000 after acquiring an additional 943 shares during the last quarter. GSB Wealth Management LLC boosted its stake in NVIDIA by 3.3% during the 1st quarter. GSB Wealth Management LLC now owns 32,611 shares of the computer hardware maker's stock valued at $3,534,000 after acquiring an additional 1,043 shares during the last quarter. Variant Private Wealth LLC boosted its stake in NVIDIA by 20.6% during the 1st quarter. Variant Private Wealth LLC now owns 18,800 shares of the computer hardware maker's stock valued at $2,038,000 after acquiring an additional 3,206 shares during the last quarter. Finally, Financial Perspectives Inc boosted its stake in NVIDIA by 2.8% during the 1st quarter. Financial Perspectives Inc now owns 45,958 shares of the computer hardware maker's stock valued at $4,981,000 after acquiring an additional 1,265 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.

NVIDIA Stock Performance

NVDA stock opened at $178.26 on Wednesday. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $183.30. 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 $4.35 trillion, a P/E ratio of 57.50, a PEG ratio of 1.59 and a beta of 2.14. The company has a 50-day simple moving average of $157.13 and a 200 day simple moving average of $132.90.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share for the quarter, missing analysts' consensus estimates 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 analyst estimates of $43.09 billion. During the same period in the previous year, the company posted $0.61 earnings per share. NVIDIA's revenue was up 69.2% compared to the same quarter last year. Sell-side analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

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

Insider Transactions at NVIDIA

In other NVIDIA news, CFO Colette Kress sold 27,650 shares of the company's stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $170.89, for a total value of $4,725,108.50. Following the completion of the sale, the chief financial officer directly owned 2,984,516 shares of the company's stock, valued at approximately $510,023,939.24. This represents a 0.92% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of the company's stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $178.16, for a total transaction of $13,362,000.00. Following the completion of the sale, the chief executive officer directly owned 73,523,225 shares of the company's stock, valued at $13,098,897,766. The trade was a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,489,800 shares of company stock valued at $826,553,003 over the last three months. 4.17% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

NVDA has been the topic of a number of research analyst reports. Citigroup increased their price objective on shares of NVIDIA from $180.00 to $190.00 and gave the company a "buy" rating in a research note on Monday, July 7th. Arete Research upgraded shares of NVIDIA to a "strong-buy" rating in a research note on Wednesday, May 21st. UBS Group reiterated a "buy" rating on shares of NVIDIA in a research note on Friday, May 23rd. DA Davidson increased their price objective on shares of NVIDIA from $120.00 to $135.00 and gave the company a "neutral" rating in a research note on Thursday, May 29th. Finally, Jefferies Financial Group increased their price objective on shares of NVIDIA from $185.00 to $200.00 in a research note on Wednesday, July 16th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, thirty-three have assigned a buy rating and four have given a strong buy rating to the stock. According to MarketBeat, NVIDIA 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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