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

Daymark Wealth Partners LLC trimmed its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 2.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,045,788 shares of the computer hardware maker's stock after selling 27,716 shares during the period. NVIDIA makes up about 3.9% of Daymark Wealth Partners LLC's portfolio, making the stock its 3rd biggest position. Daymark Wealth Partners LLC's holdings in NVIDIA were worth $113,342,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the business. CHICAGO TRUST Co NA lifted its stake in NVIDIA by 4.0% during the 1st quarter. CHICAGO TRUST Co NA now owns 143,903 shares of the computer hardware maker's stock valued at $15,596,000 after acquiring an additional 5,496 shares during the period. Destiny Wealth Partners LLC lifted its stake in NVIDIA by 25.1% during the 1st quarter. Destiny Wealth Partners LLC now owns 55,437 shares of the computer hardware maker's stock valued at $6,008,000 after acquiring an additional 11,119 shares during the period. CJM Wealth Advisers Ltd. lifted its stake in NVIDIA by 10.4% during the 1st quarter. CJM Wealth Advisers Ltd. now owns 4,537 shares of the computer hardware maker's stock valued at $492,000 after acquiring an additional 427 shares during the period. CMH Wealth Management LLC lifted its stake in NVIDIA by 1.3% during the 1st quarter. CMH Wealth Management LLC now owns 43,726 shares of the computer hardware maker's stock valued at $4,739,000 after acquiring an additional 580 shares during the period. Finally, Moss Adams Wealth Advisors LLC lifted its stake in NVIDIA by 14.7% during the 1st quarter. Moss Adams Wealth Advisors LLC now owns 67,688 shares of the computer hardware maker's stock valued at $7,337,000 after acquiring an additional 8,672 shares during the period. 65.27% of the stock is currently owned by institutional investors and hedge funds.

NVIDIA Trading Down 1.1%

Shares of NVDA opened at $143.83 on Monday. The company has a current ratio of 3.39, a quick ratio of 2.96 and a debt-to-equity ratio of 0.10. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $153.13. The firm has a 50-day moving average price of $126.37 and a 200 day moving average price of $126.43. The firm has a market capitalization of $3.51 trillion, a P/E ratio of 46.40, a P/E/G ratio of 1.27 and a beta of 2.12.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings data 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). NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The firm had revenue of $44.06 billion during the quarter, compared to analysts' expectations of $43.09 billion. During the same period in the prior year, the company posted $0.61 EPS. The company's revenue for the quarter was up 69.2% compared to the same quarter last year. Sell-side analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. The ex-dividend date of this dividend is Wednesday, June 11th. NVIDIA's dividend payout ratio is currently 1.29%.

Analysts Set New Price Targets

Several brokerages have commented on NVDA. Truist Financial lifted their price objective on shares of NVIDIA from $205.00 to $210.00 and gave the company a "buy" rating in a research note on Thursday, May 29th. Bank of America boosted their target price on shares of NVIDIA from $150.00 to $160.00 and gave the company a "buy" rating in a research note on Wednesday, May 14th. TD Cowen boosted their target price on shares of NVIDIA from $140.00 to $175.00 and gave the company a "buy" rating in a research note on Thursday, May 29th. Hsbc Global Res cut shares of NVIDIA from a "strong-buy" rating to a "hold" rating in a research note on Thursday, April 3rd. Finally, William Blair reiterated an "outperform" rating on shares of NVIDIA in a research note on Thursday, March 20th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-five have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $173.05.

Insider Activity at NVIDIA

In other NVIDIA news, Director Robert K. Burgess sold 50,000 shares of the stock in a transaction dated Friday, May 30th. The shares were 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 owns 201,044 shares of the company's stock, valued at $27,104,752.08. This trade represents a 19.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Tench Coxe sold 1,000,000 shares of the stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $142.80, for a total transaction of $142,800,000.00. Following the transaction, the director now directly owns 26,671,360 shares of the company's stock, valued at approximately $3,808,670,208. This trade represents a 3.61% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,469,685 shares of company stock valued at $349,669,962. 4.17% of the stock is owned by company 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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