NVIDIA Corporation (NASDAQ:NVDA) Shares Sold by Trivant Custom Portfolio Group LLC

Trivant Custom Portfolio Group LLC reduced its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 5.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 69,547 shares of the computer hardware maker's stock after selling 4,296 shares during the period. NVIDIA accounts for about 4.3% of Trivant Custom Portfolio Group LLC's investment portfolio, making the stock its 3rd biggest position. Trivant Custom Portfolio Group LLC's holdings in NVIDIA were worth $7,538,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. SC&H Financial Advisors Inc. increased its stake in shares of NVIDIA by 1.6% during the 4th quarter. SC&H Financial Advisors Inc. now owns 5,074 shares of the computer hardware maker's stock worth $681,000 after purchasing an additional 80 shares in the last quarter. DecisionPoint Financial LLC increased its stake in shares of NVIDIA by 2.9% during the 4th quarter. DecisionPoint Financial LLC now owns 2,878 shares of the computer hardware maker's stock worth $386,000 after purchasing an additional 80 shares in the last quarter. BCR Wealth Strategies LLC increased its stake in shares of NVIDIA by 3.1% during the 4th quarter. BCR Wealth Strategies LLC now owns 2,919 shares of the computer hardware maker's stock worth $391,000 after purchasing an additional 89 shares in the last quarter. Condor Capital Management increased its stake in shares of NVIDIA by 3.6% during the 4th quarter. Condor Capital Management now owns 2,559 shares of the computer hardware maker's stock worth $344,000 after purchasing an additional 89 shares in the last quarter. Finally, Squire Investment Management Company LLC increased its stake in shares of NVIDIA by 4.0% during the 4th quarter. Squire Investment Management Company LLC now owns 2,360 shares of the computer hardware maker's stock worth $317,000 after purchasing an additional 91 shares in the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

NVIDIA Stock Down 0.7%

Shares of NASDAQ:NVDA traded down $1.10 during midday trading on Monday, hitting $158.24. 139,658,637 shares of the company's stock traded hands, compared to its average volume of 267,841,414. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.96 and a current ratio of 3.39. The company has a market cap of $3.86 trillion, a PE ratio of 51.05, a P/E/G ratio of 1.41 and a beta of 2.13. The firm's fifty day moving average price is $136.38 and its two-hundred day moving average price is $127.81. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $160.98.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (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 firm had revenue of $44.06 billion for the quarter, compared to analysts' expectations of $43.09 billion. During the same period last year, the firm earned $0.61 EPS. The business's quarterly revenue was up 69.2% on a year-over-year basis. On average, equities research analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

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

Insider Transactions at NVIDIA

In related news, Director A Brooke Seawell sold 51,740 shares of the business's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $154.62, for a total transaction of $8,000,038.80. Following the completion of the sale, the director owned 1,576,709 shares of the company's stock, valued at $243,790,745.58. This represents a 3.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Ajay K. Puri sold 168,195 shares of the business's 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 disclosure for this sale can be found here. In the last 90 days, insiders sold 4,044,919 shares of company stock valued at $584,414,209. Insiders own 4.17% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. Citigroup raised their price objective on shares of NVIDIA from $180.00 to $190.00 and gave the stock a "buy" rating in a research note on Monday. Susquehanna reissued a "positive" rating and set a $180.00 price objective on shares of NVIDIA in a research note on Wednesday, March 19th. Barclays lifted their target price on shares of NVIDIA from $170.00 to $200.00 and gave the stock an "overweight" rating in a research note on Tuesday, June 17th. Bank of America lifted their target price on shares of NVIDIA from $150.00 to $160.00 and gave the stock a "buy" rating in a research note on Wednesday, May 14th. Finally, Oppenheimer reaffirmed an "outperform" rating and issued a $175.00 target price on shares of NVIDIA in a research note on Monday, June 16th. 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 given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $176.47.

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.