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

Northstar Advisory Group LLC cut its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 15.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 60,286 shares of the computer hardware maker's stock after selling 10,791 shares during the period. NVIDIA comprises approximately 4.3% of Northstar Advisory Group LLC's investment portfolio, making the stock its 3rd biggest position. Northstar Advisory Group LLC's holdings in NVIDIA were worth $6,534,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of NVDA. Tacita Capital Inc acquired a new position in shares of NVIDIA during the fourth quarter worth $28,000. Vision Financial Markets LLC acquired a new position in shares of NVIDIA during the fourth quarter worth $38,000. Luken Investment Analytics LLC acquired a new stake in NVIDIA in the fourth quarter valued at $40,000. Copia Wealth Management acquired a new stake in NVIDIA in the fourth quarter valued at $50,000. Finally, LSV Asset Management acquired a new stake in NVIDIA in the fourth quarter valued at $54,000. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director Mark A. Stevens sold 190,000 shares of NVIDIA stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $142.51, for a total transaction of $27,076,900.00. Following the transaction, the director now owns 8,855,848 shares of the company's stock, valued at $1,262,046,898.48. This trade represents a 2.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Tench Coxe sold 1,000,000 shares of NVIDIA stock in a transaction that occurred on 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 in the company, valued at approximately $3,808,670,208. This represents a 3.61% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,469,685 shares of company stock worth $349,669,962. Insiders own 4.17% of the company's stock.

NVIDIA Price Performance

Shares of NASDAQ NVDA opened at $143.83 on Monday. The stock has a market cap of $3.51 trillion, a price-to-earnings ratio of 46.40, a PEG ratio of 1.27 and a beta of 2.12. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.96 and a current ratio of 3.39. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $153.13. The firm's 50-day simple moving average is $126.37 and its 200 day simple moving average is $126.43.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings results 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). The company had revenue of $44.06 billion for the quarter, compared to analyst estimates of $43.09 billion. NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. NVIDIA's revenue for the quarter was up 69.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.61 EPS. As a group, research analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th will be paid a dividend of $0.01 per share. The ex-dividend date is Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. NVIDIA's dividend payout ratio (DPR) is currently 1.29%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Raymond James Financial increased their price objective on NVIDIA from $150.00 to $165.00 and gave the company a "strong-buy" rating in a report on Thursday, May 29th. Summit Insights upgraded NVIDIA from a "hold" rating to a "buy" rating in a report on Thursday, May 29th. Bank of America increased their price objective on NVIDIA from $150.00 to $160.00 and gave the company a "buy" rating in a report on Wednesday, May 14th. Tigress Financial restated a "buy" rating on shares of NVIDIA in a report on Wednesday, February 26th. Finally, Citigroup restated a "buy" rating and issued a $180.00 price objective (up from $150.00) 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-five have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $173.05.

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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