Ameliora Wealth Management Ltd. Sells 2,138 Shares of NVIDIA Corporation (NASDAQ:NVDA)

Ameliora Wealth Management Ltd. decreased its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 5.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 40,688 shares of the computer hardware maker's stock after selling 2,138 shares during the period. NVIDIA comprises 1.7% of Ameliora Wealth Management Ltd.'s holdings, making the stock its 16th largest holding. Ameliora Wealth Management Ltd.'s holdings in NVIDIA were worth $4,410,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Tacita Capital Inc bought a new stake in shares of NVIDIA during the 4th quarter valued at approximately $28,000. Vision Financial Markets LLC acquired a new stake in NVIDIA in the fourth quarter valued at approximately $38,000. Luken Investment Analytics LLC acquired a new position in shares of NVIDIA during the fourth quarter worth $40,000. Copia Wealth Management bought a new position in shares of NVIDIA in the 4th quarter valued at $50,000. Finally, Bruce G. Allen Investments LLC boosted its holdings in shares of 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 acquiring an additional 327 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have issued reports on NVDA. Truist Financial upped their target price on NVIDIA from $205.00 to $210.00 and gave the stock a "buy" rating in a report on Thursday, May 29th. Arete Research raised NVIDIA to a "strong-buy" rating in a research note on Wednesday, May 21st. Benchmark reiterated a "buy" rating and issued a $190.00 price objective on shares of NVIDIA in a report on Thursday, May 29th. KeyCorp set a $190.00 target price on shares of NVIDIA in a report on Wednesday, March 19th. Finally, DZ Bank raised shares of NVIDIA from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 28th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-five have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $173.05.

NVIDIA Stock Up 2.6%

Shares of NASDAQ:NVDA traded up $3.73 during mid-day trading on Tuesday, hitting $147.90. 187,010,174 shares of the company traded hands, compared to its average volume of 270,622,127. The stock has a 50-day moving average price of $127.76 and a two-hundred day moving average price of $126.59. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $153.13. The stock has a market cap of $3.61 trillion, a P/E ratio of 47.71, a P/E/G ratio of 1.27 and a beta of 2.12. The company has a current ratio of 3.39, a quick ratio of 2.96 and a debt-to-equity ratio of 0.10.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $44.06 billion for the quarter, compared to analysts' expectations of $43.09 billion. NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. NVIDIA's revenue was up 69.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.61 earnings per share. On average, equities research analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. NVIDIA's dividend payout ratio is currently 1.29%.

Insiders Place Their Bets

In related news, Director A Brooke Seawell sold 54,467 shares of NVIDIA stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $146.88, for a total transaction of $8,000,112.96. Following the sale, the director now directly owns 1,834,570 shares in the company, valued at approximately $269,461,641.60. This trade represents a 2.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Robert K. Burgess sold 50,000 shares of the business's stock in a transaction on Friday, May 30th. The stock was sold at an average price of $134.82, for a total value of $6,741,000.00. Following the completion of the transaction, the director now directly owns 201,044 shares in the company, valued at approximately $27,104,752.08. This represents a 19.92% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,393,863 shares of company stock valued at $483,709,832 in the last 90 days. 4.17% of the stock is currently owned by corporate insiders.

About NVIDIA

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.