NVIDIA Corporation (NASDAQ:NVDA) Stake Lessened by Benchmark Financial Wealth Advisors LLC

Benchmark Financial Wealth Advisors LLC reduced its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 14.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,108 shares of the computer hardware maker's stock after selling 9,539 shares during the period. NVIDIA makes up approximately 2.3% of Benchmark Financial Wealth Advisors LLC's holdings, making the stock its 12th largest holding. Benchmark Financial Wealth Advisors LLC's holdings in NVIDIA were worth $5,973,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of NVDA. Tacita Capital Inc acquired a new position in shares of NVIDIA in the fourth quarter worth about $28,000. Vision Financial Markets LLC acquired a new position in shares of NVIDIA in the fourth quarter worth about $38,000. Copia Wealth Management acquired a new position in shares of NVIDIA in the fourth quarter worth about $50,000. LSV Asset Management acquired a new position in shares of NVIDIA in the fourth quarter worth about $54,000. Finally, Barnes Dennig Private Wealth Management LLC acquired a new position in shares of NVIDIA in the first quarter worth about $51,000. Institutional investors and hedge funds own 65.27% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on NVDA. UBS Group reiterated a "buy" rating on shares of NVIDIA in a research note on Friday, May 23rd. Summit Insights upgraded NVIDIA from a "hold" rating to a "buy" rating in a research note on Thursday, May 29th. The Goldman Sachs Group began coverage on NVIDIA in a report on Thursday, July 10th. They issued a "buy" rating and a $185.00 price objective for the company. Arete Research raised NVIDIA to a "strong-buy" rating in a report on Wednesday, May 21st. Finally, Cantor Fitzgerald reissued an "overweight" rating and issued a $200.00 price objective on shares of NVIDIA in a report on Wednesday, April 16th. One analyst has rated the stock with a sell rating, four have given a hold rating, thirty-three have issued a buy rating and four have issued 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 target price of $181.22.

Insider Activity

In other news, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction on Monday, July 28th. The stock was sold at an average price of $175.22, for a total value of $13,141,500.00. Following the completion of the sale, the chief executive officer owned 73,898,225 shares in the company, valued at $12,948,446,984.50. This represents a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director A Brooke Seawell sold 48,792 shares of the stock in a transaction on Monday, July 14th. The shares were sold at an average price of $163.96, for a total value of $7,999,936.32. Following the completion of the sale, the director owned 1,729,478 shares of the company's stock, valued at $283,565,212.88. The trade was a 2.74% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,264,800 shares of company stock worth $786,735,503. Insiders own 4.17% of the company's stock.

NVIDIA Price Performance

Shares of NASDAQ:NVDA traded up $3.25 on Monday, reaching $176.75. 139,407,827 shares of the company traded hands, compared to its average volume of 155,064,304. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $177.00. The company's 50 day moving average is $151.77 and its 200-day moving average is $131.09. The stock has a market capitalization of $4.31 trillion, a PE ratio of 57.02, a P/E/G ratio of 1.53 and a beta of 2.13. 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 (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings data 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). NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The company had revenue of $44.06 billion for the quarter, compared to analyst estimates of $43.09 billion. During the same quarter last year, the company posted $0.61 EPS. NVIDIA's revenue was up 69.2% on a year-over-year basis. As a group, analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend was Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.02%. NVIDIA's dividend payout ratio (DPR) is presently 1.29%.

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.