NVIDIA Corporation (NASDAQ:NVDA) is Sulzberger Capital Advisors Inc.'s 5th Largest Position

Sulzberger Capital Advisors Inc. decreased its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 29.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 32,620 shares of the computer hardware maker's stock after selling 13,682 shares during the period. NVIDIA comprises about 4.6% of Sulzberger Capital Advisors Inc.'s holdings, making the stock its 5th largest position. Sulzberger Capital Advisors Inc.'s holdings in NVIDIA were worth $3,535,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Norges Bank purchased a new position in NVIDIA during the fourth quarter worth about $43,515,504,000. GAMMA Investing LLC lifted its position in shares of NVIDIA by 12,173.2% during the 1st quarter. GAMMA Investing LLC now owns 48,837,781 shares of the computer hardware maker's stock worth $5,293,039,000 after buying an additional 48,439,859 shares in the last quarter. Northern Trust Corp boosted its stake in shares of NVIDIA by 15.8% in the 4th quarter. Northern Trust Corp now owns 266,454,194 shares of the computer hardware maker's stock worth $35,782,134,000 after buying an additional 36,266,817 shares during the last quarter. Proficio Capital Partners LLC grew its holdings in shares of NVIDIA by 14,641.2% in the fourth quarter. Proficio Capital Partners LLC now owns 34,676,316 shares of the computer hardware maker's stock valued at $4,656,682,000 after acquiring an additional 34,441,082 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of NVIDIA in the fourth quarter valued at approximately $2,987,733,000. Institutional investors own 65.27% of the company's stock.

Insider Activity

In related news, Director Robert K. Burgess sold 50,000 shares of the stock in a transaction on Friday, May 30th. The shares were sold at an average price of $134.82, for a total transaction of $6,741,000.00. Following the transaction, the director now owns 201,044 shares of the company's stock, valued at approximately $27,104,752.08. This trade represents a 19.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Tench Coxe sold 1,000,000 shares of NVIDIA stock in a transaction on Monday, June 9th. The stock was sold at an average price of $142.80, for a total transaction of $142,800,000.00. Following the completion of the transaction, the director now owns 26,671,360 shares in the company, valued at approximately $3,808,670,208. The trade was a 3.61% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,469,685 shares of company stock worth $349,669,962. 4.17% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently commented on NVDA. Morgan Stanley reiterated an "overweight" rating and set a $170.00 price target (up from $160.00) on shares of NVIDIA in a report on Thursday, May 29th. Hsbc Global Res cut NVIDIA from a "strong-buy" rating to a "hold" rating in a research note on Thursday, April 3rd. Needham & Company LLC restated a "buy" rating and set a $160.00 price target on shares of NVIDIA in a research report on Thursday, May 29th. Summit Insights upgraded shares of NVIDIA from a "hold" rating to a "buy" rating in a report on Thursday, May 29th. Finally, Tigress Financial reiterated a "buy" rating on shares of NVIDIA in a research note on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-five have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $173.05.

NVIDIA Trading Up 0.9%

NVIDIA stock opened at $145.48 on Friday. 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 Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $153.13. The stock has a market cap of $3.55 trillion, a P/E ratio of 46.93, a PEG ratio of 1.28 and a beta of 2.12. The firm's fifty day moving average price is $125.72 and its 200-day moving average price is $126.66.

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 business had revenue of $44.06 billion for the quarter, compared to the consensus estimate of $43.09 billion. During the same quarter last year, the business posted $0.61 EPS. The business's revenue was up 69.2% compared to the same quarter last year. Equities research analysts forecast 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 will be paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. The ex-dividend date of this dividend is Wednesday, June 11th. NVIDIA's payout ratio is 1.29%.

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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