NVIDIA Corporation (NASDAQ:NVDA) Position Decreased by Realta Investment Advisors

Key Points

• Realta Investment Advisors reduced its shares in NVIDIA Corporation by 4.1%, owning 111,541 shares valued at approximately $12 million, making it the firm's second largest position.
• NVIDIA's CEO Jen Hsun Huang and Director Mark A. Stevens sold significant shares of the company, with Huang selling 75,000 shares for over $11 million and Stevens selling 935,000 shares for about $131 million.
• The company's quarterly earnings report showed a missed EPS estimate of $0.81, falling short of the $0.87 forecast, while revenue exceeded expectations at $44.06 billion.

Realta Investment Advisors lessened its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 4.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 111,541 shares of the computer hardware maker's stock after selling 4,815 shares during the quarter. NVIDIA makes up about 5.5% of Realta Investment Advisors' investment portfolio, making the stock its 2nd biggest position. Realta Investment Advisors' holdings in NVIDIA were worth $12,089,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Vision Financial Markets LLC acquired a new stake in NVIDIA in the 4th quarter valued at $38,000. Copia Wealth Management acquired a new stake in NVIDIA in the 4th quarter valued at $50,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in NVIDIA in the 1st quarter valued at $51,000. Bruce G. Allen Investments LLC increased its holdings 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 in the last quarter. Finally, LSV Asset Management acquired a new stake in NVIDIA in the 4th quarter valued at $54,000. Hedge funds and other institutional investors own 65.27% of the company's stock.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $152.54, for a total value of $11,440,500.00. Following the transaction, the chief executive officer owned 75,548,225 shares in the company, valued at approximately $11,524,126,241.50. The trade was a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Mark A. Stevens sold 935,000 shares of NVIDIA stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $140.92, for a total transaction of $131,760,200.00. Following the completion of the transaction, the director owned 9,214,697 shares in the company, valued at approximately $1,298,535,101.24. This trade represents a 9.21% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 5,537,440 shares of company stock worth $835,035,782. 4.17% of the stock is owned by corporate insiders.

NVIDIA Price Performance

NASDAQ NVDA opened at $180.77 on Friday. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $183.88. 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 firm has a market capitalization of $4.41 trillion, a PE ratio of 58.31, a P/E/G ratio of 1.58 and a beta of 2.14. The company's 50 day simple moving average is $158.85 and its 200 day simple moving average is $133.52.

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

NVIDIA Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th were given a $0.01 dividend. The ex-dividend date was Wednesday, June 11th. This represents a $0.04 annualized dividend and a yield of 0.0%. NVIDIA's payout ratio is 1.29%.

Analyst Upgrades and Downgrades

NVDA has been the subject of several recent research reports. Citigroup increased their price target on NVIDIA from $180.00 to $190.00 and gave the company a "buy" rating in a report on Monday, July 7th. Morgan Stanley increased their price target on NVIDIA from $170.00 to $200.00 and gave the company an "overweight" rating in a report on Wednesday, July 30th. Jefferies Financial Group increased their price target on NVIDIA from $185.00 to $200.00 in a report on Wednesday, July 16th. Loop Capital increased their price target on NVIDIA from $175.00 to $250.00 and gave the company a "buy" rating in a report on Wednesday, June 25th. Finally, Phillip Securities upgraded NVIDIA from a "moderate buy" rating to a "strong-buy" rating in a research note on Monday, July 14th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-two have issued a buy rating and four have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $183.75.

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.

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