NVIDIA Corporation (NASDAQ:NVDA) Shares Sold by Brown Advisory Inc.

Brown Advisory Inc. lessened its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 8.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 18,292,195 shares of the computer hardware maker's stock after selling 1,594,423 shares during the quarter. NVIDIA comprises about 2.8% of Brown Advisory Inc.'s holdings, making the stock its 5th largest holding. Brown Advisory Inc. owned 0.07% of NVIDIA worth $1,982,508,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Tacita Capital Inc acquired a new stake in NVIDIA during the fourth quarter worth $28,000. Vision Financial Markets LLC acquired a new stake in NVIDIA during the fourth quarter worth $38,000. Copia Wealth Management acquired a new stake in NVIDIA during the fourth quarter worth $50,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in NVIDIA during the first quarter worth $51,000. Finally, Bruce G. Allen Investments LLC increased 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 worth $53,000 after acquiring an additional 327 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

Wall Street Analyst Weigh In

NVDA has been the subject of several recent analyst reports. Arete Research raised NVIDIA to a "strong-buy" rating in a research note on Wednesday, May 21st. Needham & Company LLC raised their target price on NVIDIA from $160.00 to $200.00 and gave the stock a "buy" rating in a research note on Wednesday, July 16th. DA Davidson lifted their price objective on NVIDIA from $120.00 to $135.00 and gave the company a "neutral" rating in a research note on Thursday, May 29th. Barclays lifted their price objective on NVIDIA from $170.00 to $200.00 and gave the company an "overweight" rating in a research note on Tuesday, June 17th. Finally, Bank of America lifted their price objective on NVIDIA from $180.00 to $220.00 in a research note on Wednesday, July 16th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, thirty-three have assigned 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 an average price target of $182.03.

Insider Transactions at NVIDIA

In other news, Director A Brooke Seawell sold 48,792 shares of NVIDIA stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $163.96, for a total transaction of $7,999,936.32. Following the sale, the director owned 1,729,478 shares in the company, valued at approximately $283,565,212.88. The trade was a 2.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Colette Kress sold 27,650 shares of NVIDIA stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $170.89, for a total value of $4,725,108.50. Following the sale, the chief financial officer owned 2,984,516 shares in the company, valued at $510,023,939.24. This trade represents a 0.92% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,339,800 shares of company stock worth $800,141,003. Corporate insiders own 4.17% of the company's stock.

NVIDIA Stock Down 2.3%

Shares of NASDAQ NVDA opened at $173.72 on Friday. The company has a market capitalization of $4.24 trillion, a price-to-earnings ratio of 56.04, a price-to-earnings-growth ratio of 1.57 and a beta of 2.14. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.39 and a quick ratio of 2.96. The business has a 50-day moving average of $155.30 and a two-hundred day moving average of $132.32. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $183.30.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly 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 business 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%. The firm's quarterly revenue was up 69.2% on a year-over-year basis. During the same period last year, the firm earned $0.61 earnings per share. On average, 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. Stockholders of record on Wednesday, June 11th were given a dividend of $0.01 per share. The ex-dividend date was Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. NVIDIA's payout ratio is 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.

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