NVIDIA Corporation (NASDAQ:NVDA) Shares Sold by Appleton Partners Inc. MA

Appleton Partners Inc. MA trimmed its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 3.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 84,035 shares of the computer hardware maker's stock after selling 2,759 shares during the period. Appleton Partners Inc. MA's holdings in NVIDIA were worth $9,108,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in NVDA. Norges Bank acquired a new position in shares of NVIDIA in the 4th quarter valued at $43,515,504,000. GAMMA Investing LLC increased its position in shares of NVIDIA by 12,173.2% in the 1st quarter. GAMMA Investing LLC now owns 48,837,781 shares of the computer hardware maker's stock valued at $5,293,039,000 after acquiring an additional 48,439,859 shares during the period. Northern Trust Corp increased its position in shares of NVIDIA by 15.8% in the 4th quarter. Northern Trust Corp now owns 266,454,194 shares of the computer hardware maker's stock valued at $35,782,134,000 after acquiring an additional 36,266,817 shares during the period. Proficio Capital Partners LLC increased its position in shares of NVIDIA by 14,641.2% in the 4th quarter. Proficio Capital Partners LLC now owns 34,676,316 shares of the computer hardware maker's stock valued at $4,656,682,000 after acquiring an additional 34,441,082 shares during the period. Finally, Assenagon Asset Management S.A. grew its position in NVIDIA by 204.6% during the 1st quarter. Assenagon Asset Management S.A. now owns 35,652,571 shares of the computer hardware maker's stock worth $3,864,026,000 after purchasing an additional 23,948,733 shares during the period. 65.27% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Hsbc Global Res lowered NVIDIA from a "strong-buy" rating to a "hold" rating in a research note on Thursday, April 3rd. Truist Financial lifted their price objective on NVIDIA from $205.00 to $210.00 and gave the company a "buy" rating in a research note on Thursday, May 29th. HSBC lowered NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 price objective for the company. in a research note on Thursday, April 3rd. Bank of America lifted their price objective on NVIDIA from $150.00 to $160.00 and gave the company a "buy" rating in a research note on Wednesday, May 14th. Finally, Susquehanna reiterated a "positive" rating and set a $180.00 price objective on shares of NVIDIA in a research note on Wednesday, March 19th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-four have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $176.47.

NVIDIA Stock Up 1.8%

NVDA stock opened at $162.88 on Thursday. The firm has a market cap of $3.97 trillion, a PE ratio of 52.54, a PEG ratio of 1.42 and a beta of 2.13. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.96 and a current ratio of 3.39. The firm's 50 day moving average price is $139.47 and its 200-day moving average price is $128.43. NVIDIA Corporation has a one year low of $86.62 and a one year high of $164.42.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly 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). The firm had revenue of $44.06 billion for 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 firm's quarterly revenue was up 69.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.61 EPS. On average, equities research analysts anticipate 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. Stockholders of record on Wednesday, June 11th were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.02%. The ex-dividend date of this dividend was Wednesday, June 11th. NVIDIA's payout ratio is presently 1.29%.

Insider Buying and Selling

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $158.35, for a total value of $11,876,250.00. Following the sale, the chief executive officer owned 75,023,225 shares of the company's stock, valued at $11,879,927,678.75. The trade was a 0.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director A Brooke Seawell sold 50,514 shares of the business's stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $158.37, for a total value of $7,999,902.18. Following the completion of the sale, the director directly owned 1,974,784 shares in the company, valued at approximately $312,746,542.08. The trade was a 2.49% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 4,296,844 shares of company stock worth $624,019,677. 4.17% of the stock is owned by corporate insiders.

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.

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