Moser Wealth Advisors LLC Sells 6,548 Shares of NVIDIA Corporation (NASDAQ:NVDA)

Moser Wealth Advisors LLC lowered its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 7.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 80,833 shares of the computer hardware maker's stock after selling 6,548 shares during the quarter. NVIDIA accounts for 4.6% of Moser Wealth Advisors LLC's portfolio, making the stock its 6th largest position. Moser Wealth Advisors LLC's holdings in NVIDIA were worth $8,761,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. Encompass Wealth Advisors LLC boosted its stake in shares of NVIDIA by 1.5% during the 1st quarter. Encompass Wealth Advisors LLC now owns 12,485 shares of the computer hardware maker's stock worth $1,353,000 after acquiring an additional 182 shares during the last quarter. Friday Financial boosted its stake in shares of NVIDIA by 42.9% during the 1st quarter. Friday Financial now owns 3,572 shares of the computer hardware maker's stock worth $394,000 after acquiring an additional 1,072 shares during the last quarter. Pennsylvania Capital Management Inc. ADV raised its position in shares of NVIDIA by 3.6% during the 1st quarter. Pennsylvania Capital Management Inc. ADV now owns 109,753 shares of the computer hardware maker's stock valued at $11,895,000 after purchasing an additional 3,825 shares during the period. Live Oak Private Wealth LLC raised its position in shares of NVIDIA by 5.2% during the 1st quarter. Live Oak Private Wealth LLC now owns 9,063 shares of the computer hardware maker's stock valued at $982,000 after purchasing an additional 444 shares during the period. Finally, Jericho Financial LLP raised its position in shares of NVIDIA by 8.3% during the 1st quarter. Jericho Financial LLP now owns 46,703 shares of the computer hardware maker's stock valued at $5,062,000 after purchasing an additional 3,594 shares during the period. Hedge funds and other institutional investors own 65.27% of the company's stock.

NVIDIA Stock Up 0.5%

Shares of NVDA traded up $0.82 during mid-day trading on Friday, hitting $164.92. The company's stock had a trading volume of 193,205,730 shares, compared to its average volume of 266,042,149. The company's 50-day moving average is $141.53 and its 200-day moving average is $128.69. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $167.89. The firm has a market capitalization of $4.02 trillion, a price-to-earnings ratio of 53.20, a PEG ratio of 1.46 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.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.06). NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The business had revenue of $44.06 billion during the quarter, compared to analysts' expectations of $43.09 billion. During the same period in the previous year, the company posted $0.61 EPS. NVIDIA's revenue for the quarter was up 69.2% on a year-over-year basis. On average, equities research analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th were given a $0.01 dividend. The ex-dividend date of this dividend was Wednesday, June 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.02%. NVIDIA's payout ratio is presently 1.29%.

Insider Activity

In related news, CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $152.54, for a total transaction of $11,440,500.00. Following the completion of the transaction, the chief executive officer owned 75,548,225 shares in the company, valued at $11,524,126,241.50. The trade was a 0.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Mark A. Stevens sold 935,000 shares of the business's stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $140.92, for a total transaction of $131,760,200.00. Following the transaction, the director owned 9,214,697 shares of the company's stock, valued at approximately $1,298,535,101.24. This trade represents a 9.21% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,520,246 shares of company stock worth $660,253,045. Insiders own 4.17% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on NVDA. Needham & Company LLC restated a "buy" rating and set a $160.00 price objective on shares of NVIDIA in a research report on Thursday, May 29th. Loop Capital lifted their price target on shares of NVIDIA from $175.00 to $250.00 and gave the company a "buy" rating in a report on Wednesday, June 25th. Bank of America lifted their price target on shares of NVIDIA from $150.00 to $160.00 and gave the company a "buy" rating in a report on Wednesday, May 14th. The Goldman Sachs Group assumed coverage on shares of NVIDIA in a report on Thursday. They issued a "buy" rating and a $185.00 price target on the stock. Finally, Wedbush restated an "outperform" rating on shares of NVIDIA in a report on Thursday, May 29th. One analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-four have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $177.03.

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.