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

FFG Partners LLC lessened its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 30.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 234,996 shares of the computer hardware maker's stock after selling 103,249 shares during the period. NVIDIA makes up approximately 10.5% of FFG Partners LLC's investment portfolio, making the stock its 2nd largest position. FFG Partners LLC's holdings in NVIDIA were worth $25,469,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC grew its stake in NVIDIA by 0.7% during the fourth quarter. FMR LLC now owns 1,004,376,608 shares of the computer hardware maker's stock worth $134,877,735,000 after buying an additional 6,665,252 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of NVIDIA by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 555,548,278 shares of the computer hardware maker's stock valued at $74,439,273,000 after purchasing an additional 9,468,786 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of NVIDIA by 0.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 411,328,951 shares of the computer hardware maker's stock valued at $55,237,367,000 after purchasing an additional 3,721,331 shares during the last quarter. Norges Bank acquired a new position in shares of NVIDIA during the 4th quarter worth $43,515,504,000. Finally, Northern Trust Corp lifted its position in shares of NVIDIA by 15.8% during the 4th quarter. Northern Trust Corp now owns 266,454,194 shares of the computer hardware maker's stock worth $35,782,134,000 after buying an additional 36,266,817 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently commented on NVDA. Morgan Stanley reissued an "overweight" rating and issued a $170.00 target price (up previously from $160.00) on shares of NVIDIA in a report on Thursday, May 29th. Benchmark reiterated a "buy" rating and issued a $190.00 price target on shares of NVIDIA in a research note on Thursday, May 29th. Cantor Fitzgerald restated an "overweight" rating and set a $200.00 price objective on shares of NVIDIA in a research report on Wednesday, April 16th. TD Cowen increased their target price on NVIDIA from $140.00 to $175.00 and gave the company a "buy" rating in a research report on Thursday, May 29th. Finally, Jefferies Financial Group boosted their price target on NVIDIA from $185.00 to $200.00 in a report on Wednesday. One research analyst has rated the stock with a sell rating, four have given a hold rating, thirty-four have given a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat, NVIDIA has a consensus rating of "Moderate Buy" and an average target price of $181.22.

NVIDIA Stock Performance

Shares of NVDA opened at $171.37 on Thursday. The stock has a 50-day moving average of $144.76 and a 200-day moving average of $129.39. NVIDIA Corporation has a one year low of $86.62 and a one year high of $172.40. 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 company has a market cap of $4.18 trillion, a PE ratio of 55.28, a P/E/G ratio of 1.51 and a beta of 2.13.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its earnings results 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 firm 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 company earned $0.61 earnings per share. NVIDIA's revenue for the quarter was up 69.2% compared to the same quarter last year. On average, equities research analysts predict that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

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

Insider Activity

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $164.36, for a total transaction of $12,327,000.00. Following the completion of the transaction, the chief executive officer owned 74,648,225 shares in the company, valued at approximately $12,269,182,261. The trade was a 0.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director A Brooke Seawell sold 48,792 shares of the stock in a transaction that occurred on Monday, July 14th. The stock was 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 directly owned 1,729,478 shares of the company's stock, valued at approximately $283,565,212.88. This trade represents a 2.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,767,150 shares of company stock valued at $701,030,045. 4.17% of the stock is currently owned by insiders.

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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