NVIDIA Corporation (NASDAQ:NVDA) Shares Sold by Cohen Klingenstein LLC

Cohen Klingenstein LLC lowered its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 0.4% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 463,650 shares of the computer hardware maker's stock after selling 1,670 shares during the quarter. NVIDIA comprises about 1.8% of Cohen Klingenstein LLC's portfolio, making the stock its 12th largest position. Cohen Klingenstein LLC's holdings in NVIDIA were worth $50,250,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Tacita Capital Inc acquired a new stake in NVIDIA during the 4th quarter valued at approximately $28,000. Vision Financial Markets LLC acquired a new stake in shares of NVIDIA in the fourth quarter worth $38,000. Luken Investment Analytics LLC purchased a new position in shares of NVIDIA during the fourth quarter worth $40,000. Copia Wealth Management purchased a new position in shares of NVIDIA during the fourth quarter worth $50,000. Finally, LSV Asset Management acquired a new position in NVIDIA during the fourth quarter valued at $54,000. Hedge funds and other institutional investors own 65.27% of the company's stock.

Analyst Ratings Changes

Several analysts recently commented on NVDA shares. William Blair reaffirmed an "outperform" rating on shares of NVIDIA in a report on Thursday, March 20th. Hsbc Global Res lowered shares of NVIDIA from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 3rd. Summit Insights raised shares of NVIDIA from a "hold" rating to a "buy" rating in a report on Thursday, May 29th. Benchmark restated a "buy" rating and set a $190.00 price target on shares of NVIDIA in a research report on Thursday, May 29th. Finally, Arete Research raised shares of NVIDIA to a "strong-buy" rating in a report on Wednesday, May 21st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-four have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $175.78.

Insider Activity

In related news, Director Robert K. Burgess sold 50,000 shares of NVIDIA stock in a transaction on Friday, May 30th. The stock was sold at an average price of $134.82, for a total transaction of $6,741,000.00. Following the completion of the transaction, the director now directly owns 201,044 shares of the company's stock, valued at approximately $27,104,752.08. The trade was a 19.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Tench Coxe sold 1,000,000 shares of the firm's stock in a transaction on Monday, June 9th. The stock was sold at an average price of $142.80, for a total value of $142,800,000.00. Following the transaction, the director now directly owns 26,671,360 shares of the company's stock, valued at $3,808,670,208. The trade was a 3.61% decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,393,863 shares of company stock valued at $483,709,832 in the last three months. 4.17% of the stock is currently owned by company insiders.

NVIDIA Trading Up 4.3%

NASDAQ:NVDA opened at $154.31 on Thursday. The stock's 50 day moving average price is $128.75 and its 200 day moving average price is $126.78. The company has a market capitalization of $3.77 trillion, a PE ratio of 49.78, a P/E/G ratio of 1.31 and a beta of 2.12. The company has a quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $154.45.

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 for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The company had revenue of $44.06 billion for the quarter, compared to analyst estimates of $43.09 billion. During the same period in the previous year, the business posted $0.61 earnings per share. The firm's revenue was up 69.2% compared to the same quarter last year. On average, research analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th will be issued a $0.01 dividend. 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%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.