NVIDIA Corporation (NASDAQ:NVDA) Shares Sold by BSW Wealth Partners

BSW Wealth Partners cut its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 7.7% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 70,630 shares of the computer hardware maker's stock after selling 5,914 shares during the period. NVIDIA makes up approximately 1.2% of BSW Wealth Partners' holdings, making the stock its 16th largest holding. BSW Wealth Partners' holdings in NVIDIA were worth $7,655,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NVDA. Tacita Capital Inc acquired a new position in shares of NVIDIA in the 4th quarter valued at approximately $28,000. Vision Financial Markets LLC acquired a new position in shares of NVIDIA in the 4th quarter valued at approximately $38,000. Copia Wealth Management acquired a new position in shares of NVIDIA in the 4th quarter valued at approximately $50,000. Bruce G. Allen Investments LLC raised its position in shares of NVIDIA by 198.2% in the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock valued at $53,000 after purchasing an additional 327 shares in the last quarter. Finally, LSV Asset Management acquired a new position in shares of NVIDIA in the 4th quarter valued at approximately $54,000. 65.27% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NVDA has been the topic of several research reports. Oppenheimer upped their price target on NVIDIA from $175.00 to $200.00 and gave the company an "outperform" rating in a research report on Tuesday, July 15th. Mizuho set a $192.00 price target on NVIDIA and gave the company an "outperform" rating in a research report on Tuesday, July 15th. Arete Research raised NVIDIA to a "strong-buy" rating in a research report on Wednesday, May 21st. Loop Capital upped their price target on NVIDIA from $175.00 to $250.00 and gave the company a "buy" rating in a research report on Wednesday, June 25th. Finally, Wedbush reissued an "outperform" rating on shares of NVIDIA in a research report on Thursday, May 29th. One analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-three have assigned a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat, NVIDIA has an average rating of "Moderate Buy" and an average price target of $181.22.

NVIDIA Trading Down 0.3%

NASDAQ:NVDA opened at $172.41 on Monday. 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 Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $174.25. The stock's 50-day moving average is $146.99 and its two-hundred day moving average is $129.81. The stock has a market cap of $4.21 trillion, a PE ratio of 55.62, a price-to-earnings-growth ratio of 1.52 and a beta of 2.13.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.06). NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The business had revenue of $44.06 billion for the quarter, compared to analysts' expectations of $43.09 billion. During the same period last year, the firm earned $0.61 EPS. The company's revenue was up 69.2% compared to the same quarter last year. As a group, equities research analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal 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 issued a dividend of $0.01 per share. The ex-dividend date was Wednesday, June 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.02%. NVIDIA's dividend payout ratio is 1.29%.

Insider Activity

In other news, 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 transaction of $4,725,108.50. Following the completion of the sale, the chief financial officer directly owned 2,984,516 shares in the company, valued at $510,023,939.24. The trade was a 0.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction dated Friday, July 18th. The shares were sold at an average price of $172.52, for a total value of $12,939,000.00. Following the sale, the chief executive officer owned 74,348,225 shares of the company's stock, valued at approximately $12,826,555,777. This represents a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,964,800 shares of company stock worth $734,906,003 in the last three months. 4.17% of the stock is owned by insiders.

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.

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