NVIDIA Corporation (NASDAQ:NVDA) Shares Sold by Stanley Laman Group Ltd.

Stanley Laman Group Ltd. lowered its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 34.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 39,243 shares of the computer hardware maker's stock after selling 20,831 shares during the quarter. Stanley Laman Group Ltd.'s holdings in NVIDIA were worth $4,253,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Tacita Capital Inc acquired a new stake in NVIDIA during the fourth quarter valued at $28,000. Vision Financial Markets LLC acquired a new stake in NVIDIA during the fourth quarter valued at $38,000. Copia Wealth Management acquired a new stake in NVIDIA during the fourth quarter valued at $50,000. Bruce G. Allen Investments LLC grew its position in NVIDIA by 198.2% during the first quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock valued at $53,000 after buying an additional 327 shares during the period. Finally, LSV Asset Management acquired a new stake in NVIDIA during the fourth quarter valued at $54,000. Institutional investors and hedge funds own 65.27% of the company's stock.

NVIDIA Price Performance

Shares of NVDA opened at $157.75 on Friday. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $158.71. The stock has a market cap of $3.85 trillion, a PE ratio of 50.89, a P/E/G ratio of 1.37 and a beta of 2.12. The firm has a 50-day simple moving average of $130.96 and a two-hundred day simple moving average of $127.05. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.39 and a quick ratio of 2.96.

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 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 was up 69.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.61 earnings per share. As a group, analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

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

Insider Activity at NVIDIA

In related news, CEO Jen Hsun Huang sold 50,000 shares of NVIDIA stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $144.26, for a total value of $7,213,000.00. Following the completion of the transaction, the chief executive officer now owns 75,723,225 shares in the company, valued at approximately $10,923,832,438.50. The trade was a 0.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Tench Coxe sold 1,000,000 shares of the business's 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 owns 26,671,360 shares of the company's stock, valued at $3,808,670,208. This trade represents a 3.61% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 3,792,267 shares of company stock worth $544,823,117. Corporate insiders own 4.17% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on NVDA. Raymond James Financial raised their price target on shares of NVIDIA from $150.00 to $165.00 and gave the company a "strong-buy" rating in a research report on Thursday, May 29th. Oppenheimer reiterated an "outperform" rating and issued a $175.00 target price on shares of NVIDIA in a research report on Monday, June 16th. Needham & Company LLC reiterated a "buy" rating and issued a $160.00 target price on shares of NVIDIA in a research report on Thursday, May 29th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $200.00 target price on shares of NVIDIA in a research report on Wednesday, April 16th. Finally, Benchmark reiterated a "buy" rating and issued a $190.00 target price on shares of NVIDIA in a research report on Thursday, May 29th. 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 assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $175.78.

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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