NVIDIA Corporation (NASDAQ:NVDA) is Securian Asset Management Inc.'s 3rd Largest Position

Key Points

• Securian Asset Management Inc. has reduced its stake in NVIDIA Corporation by 1.6%, now owning approximately 1.3 million shares, which accounts for about 4.3% of its total portfolio.
• Several institutional investors have increased their holdings in NVIDIA, with Variant Private Wealth LLC raising its position by 20.6% in the first quarter.
• NVIDIA's recent quarterly earnings showed a revenue of $44.06 billion, up 69.2% year-over-year, although it reported an EPS of $0.81, missing the consensus estimate of $0.87.

Securian Asset Management Inc. decreased its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 1.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,297,281 shares of the computer hardware maker's stock after selling 21,102 shares during the period. NVIDIA makes up approximately 4.3% of Securian Asset Management Inc.'s holdings, making the stock its 3rd biggest position. Securian Asset Management Inc.'s holdings in NVIDIA were worth $140,599,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Copia Wealth Management bought a new stake in NVIDIA during the 4th quarter worth approximately $50,000. LSV Asset Management purchased a new stake in NVIDIA during the 4th quarter valued at approximately $54,000. Barnes Dennig Private Wealth Management LLC purchased a new stake in NVIDIA during the 1st quarter valued at approximately $51,000. Bruce G. Allen Investments LLC grew its holdings in NVIDIA by 198.2% during the 1st 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, Delos Wealth Advisors LLC grew its holdings in shares of NVIDIA by 134.8% in the fourth quarter. Delos Wealth Advisors LLC now owns 493 shares of the computer hardware maker's stock valued at $66,000 after purchasing an additional 283 shares in the last quarter. Institutional investors own 65.27% of the company's stock.

Insider Transactions at NVIDIA

In related news, EVP Ajay K. Puri sold 168,195 shares of the company's stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $152.64, for a total transaction of $25,673,284.80. Following the completion of the transaction, the executive vice president directly owned 4,018,547 shares in the company, valued at $613,391,014.08. This represents a 4.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mark A. Stevens sold 935,000 shares of the company's stock in a transaction dated 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 of the company's stock, 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 90 days, insiders sold 5,687,440 shares of company stock worth $862,095,782. 4.17% of the stock is currently owned by corporate insiders.

NVIDIA Stock Down 0.4%

Shares of NASDAQ NVDA traded down $0.64 on Monday, hitting $182.06. The company had a trading volume of 138,011,711 shares, compared to its average volume of 244,601,375. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $183.88. The business has a 50 day moving average of $159.82 and a two-hundred day moving average of $133.62. The company has a quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $4.44 trillion, a P/E ratio of 58.73, a PEG ratio of 1.61 and a beta of 2.14.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). The business had revenue of $44.06 billion during the quarter, compared to analysts' expectations of $43.09 billion. NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The company's revenue for the quarter was up 69.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.61 EPS. As a group, equities research analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. The ex-dividend date of this dividend was Wednesday, June 11th. NVIDIA's dividend payout ratio (DPR) is currently 1.29%.

Wall Street Analysts Forecast Growth

NVDA has been the subject of a number of recent analyst reports. Citigroup boosted their target price on shares of NVIDIA from $180.00 to $190.00 and gave the company a "buy" rating in a research note on Monday, July 7th. BNP Paribas upgraded shares of NVIDIA to a "hold" rating in a research report on Friday, August 1st. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $200.00 price objective on shares of NVIDIA in a research note on Wednesday, April 16th. Loop Capital increased their target price on NVIDIA from $175.00 to $250.00 and gave the company a "buy" rating in a research report on Wednesday, June 25th. Finally, Barclays increased their target price on NVIDIA from $170.00 to $200.00 and gave the company an "overweight" rating in a research report on Tuesday, June 17th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-two have assigned a buy rating and four have assigned a strong buy rating to the company. According to data from MarketBeat.com, NVIDIA presently has a consensus rating of "Moderate Buy" and an average 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.