L.M. Kohn & Company Has $19.71 Million Stake in NVIDIA Corporation (NASDAQ:NVDA)

L.M. Kohn & Company cut its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 2.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 181,859 shares of the computer hardware maker's stock after selling 3,922 shares during the quarter. NVIDIA comprises approximately 5.1% of L.M. Kohn & Company's portfolio, making the stock its 2nd biggest holding. L.M. Kohn & Company's holdings in NVIDIA were worth $19,710,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Tacita Capital Inc purchased a new stake in shares of NVIDIA during the fourth quarter worth about $28,000. Vision Financial Markets LLC acquired a new stake in NVIDIA in the 4th quarter valued at approximately $38,000. Copia Wealth Management acquired a new position in NVIDIA during the 4th quarter valued at about $50,000. Bruce G. Allen Investments LLC boosted its stake in NVIDIA by 198.2% during the first quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock valued at $53,000 after buying an additional 327 shares in the last quarter. Finally, LSV Asset Management acquired a new position in NVIDIA in the fourth quarter worth approximately $54,000. 65.27% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at NVIDIA

In other news, Director A Brooke Seawell sold 50,514 shares of the company's stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $158.37, for a total transaction of $7,999,902.18. Following the sale, the director directly owned 1,974,784 shares in the company, valued at $312,746,542.08. This represents a 2.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction on Monday, July 7th. The shares were sold at an average price of $158.35, for a total value of $11,876,250.00. Following the sale, the chief executive officer directly owned 75,023,225 shares of the company's stock, valued at $11,879,927,678.75. This represents a 0.10% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 4,296,844 shares of company stock valued at $624,019,677 in the last 90 days. 4.17% of the stock is currently owned by corporate insiders.

NVIDIA Trading Up 0.7%

NASDAQ NVDA traded up $1.22 on Thursday, reaching $164.10. The company had a trading volume of 167,093,998 shares, compared to its average volume of 266,706,768. The firm has a market cap of $4.00 trillion, a price-to-earnings ratio of 52.94, a P/E/G ratio of 1.44 and a beta of 2.13. The business has a 50 day moving average of $139.47 and a two-hundred day moving average of $128.43. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.39 and a quick ratio of 2.96. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $164.70.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its 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). The company had revenue of $44.06 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.61 EPS. Analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.02%. The ex-dividend date of this dividend was Wednesday, June 11th. NVIDIA's payout ratio is currently 1.29%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on NVDA shares. KeyCorp set a $190.00 target price on NVIDIA in a research note on Wednesday, March 19th. TD Cowen lifted their price objective on NVIDIA from $140.00 to $175.00 and gave the company a "buy" rating in a report on Thursday, May 29th. Raymond James Financial boosted their price objective on NVIDIA from $150.00 to $165.00 and gave the stock a "strong-buy" rating in a research note on Thursday, May 29th. Barclays boosted their price target 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. Finally, The Goldman Sachs Group started coverage on NVIDIA in a research report on Thursday. They set a "buy" rating and a $185.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, thirty-four have assigned a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, NVIDIA has a consensus rating of "Moderate Buy" and an average target price of $177.03.

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.