Sarasin & Partners LLP Lowers Holdings in NVIDIA Corporation (NASDAQ:NVDA)

Sarasin & Partners LLP reduced its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 15.1% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,852,533 shares of the computer hardware maker's stock after selling 687,268 shares during the period. NVIDIA makes up 4.4% of Sarasin & Partners LLP's portfolio, making the stock its 3rd largest holding. Sarasin & Partners LLP's holdings in NVIDIA were worth $417,538,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in NVDA. Tacita Capital Inc bought a new position in shares of NVIDIA during the 4th quarter worth $28,000. Vision Financial Markets LLC purchased a new position in NVIDIA during the 4th quarter worth $38,000. Luken Investment Analytics LLC acquired a new stake in NVIDIA in the fourth quarter worth about $40,000. Copia Wealth Management purchased a new stake in shares of NVIDIA during the fourth quarter valued at $50,000. Finally, LSV Asset Management purchased a new position in shares of NVIDIA in the fourth quarter worth about $54,000. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at NVIDIA

In related news, Director A Brooke Seawell sold 54,467 shares of the company's stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $146.88, for a total value of $8,000,112.96. Following the completion of the sale, the director now owns 1,834,570 shares in the company, valued at approximately $269,461,641.60. This represents a 2.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Jen Hsun Huang sold 50,000 shares of NVIDIA stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of $143.81, for a total transaction of $7,190,500.00. Following the transaction, the chief executive officer now directly owns 75,673,225 shares in the company, valued at $10,882,566,487.25. The trade was a 0.07% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,393,863 shares of company stock worth $483,709,832. Company insiders own 4.17% of the company's stock.

NVIDIA Price Performance

NVDA stock traded up $6.41 during trading on Wednesday, hitting $154.31. The company had a trading volume of 265,323,485 shares, compared to its average volume of 270,605,978. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $154.98. 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 company has a fifty day moving average price of $127.76 and a two-hundred day moving average price of $126.59. The company has a market cap of $3.77 trillion, a P/E ratio of 49.78, a P/E/G ratio of 1.27 and a beta of 2.12.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 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 business had revenue of $44.06 billion during the quarter, compared to analyst estimates of $43.09 billion. During the same period in the previous year, the firm earned $0.61 earnings per share. The firm's revenue was up 69.2% compared to the same quarter last year. Equities research analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders 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 dividend yield of 0.03%. NVIDIA's payout ratio is currently 1.29%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on NVDA shares. Mizuho raised their target price on NVIDIA from $168.00 to $170.00 and gave the stock an "outperform" rating in a report on Thursday, May 29th. DZ Bank raised NVIDIA from a "hold" rating to a "strong-buy" rating in a report on Friday, February 28th. Cantor Fitzgerald reissued an "overweight" rating and issued a $200.00 price target on shares of NVIDIA in a research note on Wednesday, April 16th. Tigress Financial reaffirmed a "buy" rating on shares of NVIDIA in a research note on Wednesday, February 26th. Finally, Wedbush reiterated an "outperform" rating on shares of NVIDIA in a report on Thursday, May 29th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-four have assigned a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $175.78.

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.