Leo Wealth LLC cut its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 51.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,347 shares of the computer hardware maker's stock after selling 40,213 shares during the period. Leo Wealth LLC's holdings in NVIDIA were worth $4,048,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Condor Capital Management boosted its stake in shares of NVIDIA by 3.6% during the 4th quarter. Condor Capital Management now owns 2,559 shares of the computer hardware maker's stock worth $344,000 after acquiring an additional 89 shares in the last quarter. High Note Wealth LLC boosted its stake in NVIDIA by 0.5% during the 1st quarter. High Note Wealth LLC now owns 17,873 shares of the computer hardware maker's stock valued at $1,937,000 after purchasing an additional 91 shares during the period. Kelly Financial Services LLC grew its holdings in NVIDIA by 2.0% in the 1st quarter. Kelly Financial Services LLC now owns 4,736 shares of the computer hardware maker's stock valued at $513,000 after buying an additional 94 shares during the last quarter. Mendel Capital Management LLC grew its holdings in NVIDIA by 0.8% in the 1st quarter. Mendel Capital Management LLC now owns 11,871 shares of the computer hardware maker's stock valued at $1,287,000 after buying an additional 96 shares during the last quarter. Finally, Wallace Hart LLC increased its position in NVIDIA by 3.9% in the 4th quarter. Wallace Hart LLC now owns 2,599 shares of the computer hardware maker's stock worth $349,000 after buying an additional 97 shares during the period. 65.27% of the stock is owned by institutional investors and hedge funds.
NVIDIA Price Performance
Shares of NASDAQ NVDA opened at $182.67 on Monday. The firm has a market cap of $4.46 trillion, a P/E ratio of 58.93, a price-to-earnings-growth ratio of 1.61 and a beta of 2.14. 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 1-year low of $86.62 and a 1-year high of $183.88. The business's 50 day moving average is $159.82 and its 200-day moving average is $133.62.
NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS 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 the consensus estimate of $43.09 billion. During the same quarter last year, the business earned $0.61 EPS. NVIDIA's revenue was up 69.2% on a year-over-year basis. Equities research analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current year.
NVIDIA Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th were paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. The ex-dividend date was Wednesday, June 11th. NVIDIA's dividend payout ratio (DPR) is 1.29%.
Insider Buying and Selling
In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the firm's stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $152.54, for a total value of $11,440,500.00. Following the sale, the chief executive officer owned 75,548,225 shares of the company's stock, valued at approximately $11,524,126,241.50. This trade represents a 0.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Ajay K. Puri sold 168,195 shares of the firm's stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $152.64, for a total value of $25,673,284.80. Following the sale, the executive vice president directly owned 4,018,547 shares in the company, valued at approximately $613,391,014.08. This trade represents a 4.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,687,440 shares of company stock worth $862,095,782 in the last quarter. Insiders own 4.17% of the company's stock.
Analyst Ratings Changes
Several research analysts have commented on NVDA shares. Wedbush reaffirmed an "outperform" rating on shares of NVIDIA in a research report on Thursday, May 29th. UBS Group reaffirmed a "buy" rating on shares of NVIDIA in a research note on Friday, May 23rd. Jefferies Financial Group boosted their price objective on NVIDIA from $185.00 to $200.00 in a research note on Wednesday, July 16th. Piper Sandler restated an "overweight" rating and set a $180.00 target price (up previously from $150.00) on shares of NVIDIA in a research report on Wednesday, May 28th. Finally, Loop Capital upped their price objective on NVIDIA from $175.00 to $250.00 and gave the company a "buy" rating in a report on Wednesday, June 25th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-two have given a buy rating and four have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $183.75.
Check Out Our Latest Analysis on NVDA
About NVIDIA
(
Free Report)
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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