NVIDIA Corporation (NASDAQ:NVDA) is UG Investment Advisers Ltd.'s 10th Largest Position

UG Investment Advisers Ltd. reduced its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 66.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 22,470 shares of the computer hardware maker's stock after selling 43,592 shares during the quarter. NVIDIA makes up 0.7% of UG Investment Advisers Ltd.'s investment portfolio, making the stock its 10th largest holding. UG Investment Advisers Ltd.'s holdings in NVIDIA were worth $2,435,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of NVDA. Tacita Capital Inc bought a new position in NVIDIA in the 4th quarter valued at $28,000. Vision Financial Markets LLC bought a new position in NVIDIA in the 4th quarter valued at $38,000. Copia Wealth Management bought a new position in NVIDIA in the 4th quarter valued at $50,000. LSV Asset Management bought a new position in NVIDIA in the 4th quarter valued at $54,000. Finally, Bruce G. Allen Investments LLC grew its stake in 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 purchasing an additional 327 shares during the period. 65.27% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Wedbush restated an "outperform" rating on shares of NVIDIA in a research note on Thursday, May 29th. Bank of America upped their price objective on NVIDIA from $150.00 to $160.00 and gave the company a "buy" rating in a research note on Wednesday, May 14th. Hsbc Global Res downgraded NVIDIA from a "strong-buy" rating to a "hold" rating in a research note on Thursday, April 3rd. Seaport Res Ptn upgraded NVIDIA to a "strong sell" rating in a research note on Wednesday, April 30th. Finally, Susquehanna reiterated a "positive" rating and set a $180.00 price target on shares of NVIDIA in a research note on Wednesday, March 19th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-four have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $177.03.

NVIDIA Stock Up 0.5%

NASDAQ NVDA traded up $0.82 during midday trading on Friday, hitting $164.92. 193,205,730 shares of the company traded hands, compared to its average volume of 266,042,149. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.39 and a quick ratio of 2.96. The company has a market cap of $4.02 trillion, a PE ratio of 53.20, a price-to-earnings-growth ratio of 1.46 and a beta of 2.13. The company's 50-day simple moving average is $141.53 and its 200-day simple moving average is $128.77. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $167.89.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its 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). The company had revenue of $44.06 billion for the quarter, compared to the consensus estimate of $43.09 billion. NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The firm's revenue was up 69.2% compared to the same quarter last year. During the same period last year, the business posted $0.61 EPS. As a group, equities research analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th were given 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 yield of 0.02%. NVIDIA's dividend payout ratio (DPR) is presently 1.29%.

Insider Buying and Selling at NVIDIA

In other news, Director A Brooke Seawell sold 49,131 shares of the firm's stock in a transaction on Thursday, July 10th. The stock was sold at an average price of $162.83, for a total value of $8,000,000.73. Following the completion of the sale, the director owned 1,826,382 shares of the company's stock, valued at $297,389,781.06. This trade represents a 2.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of the firm's stock in a transaction on Wednesday, July 9th. The stock was sold at an average price of $163.11, for a total value of $12,233,250.00. Following the completion of the transaction, the chief executive officer owned 74,873,225 shares of the company's stock, valued at $12,212,571,729.75. This trade represents a 0.10% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,520,246 shares of company stock worth $660,253,045 in the last ninety days. Insiders own 4.17% of the company's stock.

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.