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NVIDIA Corporation (NASDAQ:NVDA) Holdings Lowered by Bender Robert & Associates

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Bender Robert & Associates decreased its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 9.3% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 515,166 shares of the computer hardware maker's stock after selling 52,929 shares during the period. NVIDIA makes up about 14.1% of Bender Robert & Associates' holdings, making the stock its 2nd biggest holding. Bender Robert & Associates' holdings in NVIDIA were worth $55,834,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in NVDA. Tacita Capital Inc purchased a new stake in NVIDIA during the fourth quarter valued at about $28,000. Vision Financial Markets LLC purchased a new position in shares of NVIDIA in the fourth quarter worth about $38,000. Copia Wealth Management bought a new stake in shares of NVIDIA in the 4th quarter valued at about $50,000. Bruce G. Allen Investments LLC lifted its stake in shares of NVIDIA by 198.2% in the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock valued at $53,000 after acquiring an additional 327 shares during the last quarter. Finally, LSV Asset Management purchased a new stake in NVIDIA during the 4th quarter valued at about $54,000. Institutional investors own 65.27% of the company's stock.

Insider Buying and Selling

In related news, EVP Ajay K. Puri sold 168,195 shares of the stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $152.64, for a total transaction of $25,673,284.80. Following the sale, the executive vice president directly owned 4,018,547 shares of the company's stock, valued at approximately $613,391,014.08. This represents a 4.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Mark A. Stevens sold 935,000 shares of the firm's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $140.92, for a total transaction of $131,760,200.00. Following the sale, the director owned 9,214,697 shares of the company's stock, valued at approximately $1,298,535,101.24. This represents a 9.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 4,044,919 shares of company stock worth $584,414,209 in the last 90 days. 4.17% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. TD Cowen lifted their price target on NVIDIA from $140.00 to $175.00 and gave the stock a "buy" rating in a research note on Thursday, May 29th. KeyCorp set a $190.00 target price on shares of NVIDIA in a research note on Wednesday, March 19th. Raymond James Financial increased their price target on shares of NVIDIA from $150.00 to $165.00 and gave the company a "strong-buy" rating in a research report on Thursday, May 29th. UBS Group restated a "buy" rating on shares of NVIDIA in a research report on Friday, May 23rd. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $160.00 price objective on shares of NVIDIA in a research note on Thursday, May 29th. One analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-four have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $176.19.

View Our Latest Research Report on NVIDIA

NVIDIA Price Performance

Shares of NVDA opened at $159.28 on Friday. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $160.98. The firm's 50-day simple moving average is $136.38 and its two-hundred day simple moving average is $127.84. The stock has a market cap of $3.89 trillion, a PE ratio of 51.38, a price-to-earnings-growth ratio of 1.41 and a beta of 2.13. 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 posted its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share 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 company 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 company earned $0.61 EPS. The business's quarterly revenue was up 69.2% on a year-over-year basis. Analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Wednesday, June 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. NVIDIA's payout ratio is presently 1.29%.

About NVIDIA

(Free Report)

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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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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