NVIDIA Corporation (NASDAQ:NVDA) Shares Sold by Kintegral Advisory LLC

Key Points

• Kintegral Advisory LLC reduced its stake in NVIDIA by 32.9%, selling 204,657 shares to hold 417,284 shares valued at approximately $45.2 million.
• Insider trading activity includes Director Mark A. Stevens selling 935,000 shares for about $131.8 million, representing a 9.21% decrease in his position.
• NVIDIA reported a quarterly net margin of 51.69% with a year-over-year revenue increase of 69.2%, despite earnings per share missing consensus estimates.

Kintegral Advisory LLC lowered its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 32.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 417,284 shares of the computer hardware maker's stock after selling 204,657 shares during the period. NVIDIA accounts for 6.8% of Kintegral Advisory LLC's investment portfolio, making the stock its 2nd largest holding. Kintegral Advisory LLC's holdings in NVIDIA were worth $45,229,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in NVDA. Catalyst Capital Advisors LLC lifted its position in NVIDIA by 181.2% in the first quarter. Catalyst Capital Advisors LLC now owns 27,960 shares of the computer hardware maker's stock valued at $3,030,000 after purchasing an additional 18,016 shares during the period. Global Wealth Management Investment Advisory Inc. grew its stake in shares of NVIDIA by 3.9% during the 1st quarter. Global Wealth Management Investment Advisory Inc. now owns 96,119 shares of the computer hardware maker's stock worth $10,417,000 after purchasing an additional 3,602 shares during the period. SMART Wealth LLC increased its holdings in shares of NVIDIA by 9.0% in the 1st quarter. SMART Wealth LLC now owns 78,824 shares of the computer hardware maker's stock valued at $8,543,000 after purchasing an additional 6,513 shares in the last quarter. Wedgewood Investors Inc. PA increased its holdings in shares of NVIDIA by 1.0% in the 1st quarter. Wedgewood Investors Inc. PA now owns 18,310 shares of the computer hardware maker's stock valued at $1,984,000 after purchasing an additional 175 shares in the last quarter. Finally, Pacific Heights Asset Management LLC boosted its holdings in NVIDIA by 126.9% during the first quarter. Pacific Heights Asset Management LLC now owns 760,000 shares of the computer hardware maker's stock worth $82,369,000 after buying an additional 425,000 shares in the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

NVIDIA Price Performance

NVDA stock traded down $4.15 during trading on Friday, hitting $173.72. The company had a trading volume of 203,669,565 shares, compared to its average volume of 248,821,531. The firm has a market capitalization of $4.24 trillion, a price-to-earnings ratio of 56.04, a P/E/G ratio of 1.58 and a beta of 2.13. The company has a current ratio of 3.39, a quick ratio of 2.96 and a debt-to-equity ratio of 0.10. The business has a 50 day moving average of $154.45 and a 200 day moving average of $132.03. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $183.30.

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 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 during the quarter, compared to analyst estimates of $43.09 billion. During the same quarter last year, the company earned $0.61 earnings per share. The business's revenue for the quarter was up 69.2% on a year-over-year basis. As a group, research analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The business 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 of this dividend 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%.

Insider Transactions at NVIDIA

In other NVIDIA news, Director A Brooke Seawell sold 48,792 shares of the company's stock in a transaction dated Monday, July 14th. The shares were sold at an average price of $163.96, for a total transaction 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 represents a 2.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Colette Kress sold 27,650 shares of the business's stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $170.89, for a total transaction 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 represents a 0.92% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,339,800 shares of company stock valued at $800,141,003 over the last three months. Company insiders own 4.17% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on NVDA shares. HSBC downgraded NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 price target for the company. in a research note on Thursday, April 3rd. The Goldman Sachs Group initiated coverage on NVIDIA in a research report on Thursday, July 10th. They set a "buy" rating and a $185.00 price objective for the company. Bank of America boosted their price objective on shares of NVIDIA from $180.00 to $220.00 in a research report on Wednesday, July 16th. DA Davidson raised their target price on shares of NVIDIA from $120.00 to $135.00 and gave the stock a "neutral" rating in a research report on Thursday, May 29th. Finally, Barclays boosted their price target on NVIDIA from $170.00 to $200.00 and gave the company an "overweight" rating in a report on Tuesday, June 17th. One equities research 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 assigned a strong buy rating to the company. Based on data from MarketBeat, NVIDIA has a consensus rating of "Moderate Buy" and a consensus price target of $182.03.

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.