NVIDIA Corporation (NASDAQ:NVDA) is Opinicus Capital Inc.'s 3rd Largest Position

Opinicus Capital Inc. cut its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 4.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 45,389 shares of the computer hardware maker's stock after selling 1,901 shares during the period. NVIDIA comprises approximately 4.4% of Opinicus Capital Inc.'s holdings, making the stock its 3rd largest position. Opinicus Capital Inc.'s holdings in NVIDIA were worth $4,919,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of NVDA. Wealth Group Ltd. grew its position in shares of NVIDIA by 1.8% during the fourth quarter. Wealth Group Ltd. now owns 5,702 shares of the computer hardware maker's stock valued at $766,000 after purchasing an additional 100 shares in the last quarter. Tallon Kerry Patrick bought a new stake in NVIDIA in the 4th quarter worth approximately $972,000. Capital & Planning LLC boosted its position in shares of NVIDIA by 16.9% during the 4th quarter. Capital & Planning LLC now owns 7,604 shares of the computer hardware maker's stock valued at $1,021,000 after acquiring an additional 1,099 shares during the last quarter. Ironwood Wealth Management LLC. grew its holdings in shares of NVIDIA by 1.6% in the fourth quarter. Ironwood Wealth Management LLC. now owns 6,483 shares of the computer hardware maker's stock valued at $871,000 after purchasing an additional 104 shares in the last quarter. Finally, Brighton Jones LLC lifted its position in NVIDIA by 12.4% during the fourth quarter. Brighton Jones LLC now owns 324,901 shares of the computer hardware maker's stock valued at $43,631,000 after purchasing an additional 35,815 shares during the last quarter. Institutional investors own 65.27% of the company's stock.

Insider Buying and Selling at NVIDIA

In other news, CEO Jen Hsun Huang sold 50,000 shares of the company's stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $144.26, for a total value of $7,213,000.00. Following the sale, the chief executive officer now owns 75,723,225 shares in the company, valued at $10,923,832,438.50. This represents a 0.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Tench Coxe sold 1,000,000 shares of NVIDIA stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $142.80, for a total value of $142,800,000.00. Following the transaction, the director now owns 26,671,360 shares of the company's stock, valued at approximately $3,808,670,208. This represents a 3.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,792,267 shares of company stock worth $544,823,117. 4.17% of the stock is currently owned by insiders.

NVIDIA Stock Up 1.8%

Shares of NVDA stock traded up $2.73 during trading hours on Friday, reaching $157.75. 258,593,751 shares of the company's stock were exchanged, compared to its average volume of 269,195,806. The stock has a market cap of $3.85 trillion, a PE ratio of 50.89, a PEG ratio of 1.40 and a beta of 2.12. The company has a current ratio of 3.39, a quick ratio of 2.96 and a debt-to-equity ratio of 0.10. The stock's fifty day moving average price is $130.96 and its two-hundred day moving average price is $126.97. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $158.71.

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 (EPS) 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 company had revenue of $44.06 billion for the quarter, compared to analyst estimates of $43.09 billion. During the same quarter in the previous year, the company posted $0.61 EPS. The company's revenue for the quarter was up 69.2% compared to the same quarter last year. Research analysts predict that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Oppenheimer restated an "outperform" rating and set a $175.00 target price on shares of NVIDIA in a research report on Monday, June 16th. HSBC lowered NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 price target on the stock. in a report on Thursday, April 3rd. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $200.00 price objective on shares of NVIDIA in a research note on Wednesday, April 16th. TD Cowen increased their target price on shares of NVIDIA from $140.00 to $175.00 and gave the company a "buy" rating in a research note on Thursday, May 29th. Finally, Summit Insights upgraded shares of NVIDIA from a "hold" rating to a "buy" rating in a report on Thursday, May 29th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, thirty-four have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $175.78.

NVIDIA Company 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.