TABR Capital Management LLC Decreases Position in NVIDIA Corporation (NASDAQ:NVDA)

TABR Capital Management LLC trimmed its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 14.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,996 shares of the computer hardware maker's stock after selling 1,895 shares during the period. NVIDIA comprises 1.2% of TABR Capital Management LLC's investment portfolio, making the stock its 13th largest position. TABR Capital Management LLC's holdings in NVIDIA were worth $1,192,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Financial Enhancement Group LLC grew its position in shares of NVIDIA by 3.4% in the 1st quarter. Financial Enhancement Group LLC now owns 55,065 shares of the computer hardware maker's stock worth $5,445,000 after buying an additional 1,832 shares during the last quarter. Moran Wealth Management LLC grew its position in shares of NVIDIA by 21.9% in the 1st quarter. Moran Wealth Management LLC now owns 308,564 shares of the computer hardware maker's stock worth $33,442,000 after buying an additional 55,408 shares during the last quarter. Symmetry Partners LLC grew its position in shares of NVIDIA by 12.8% in the 1st quarter. Symmetry Partners LLC now owns 15,517 shares of the computer hardware maker's stock worth $1,682,000 after buying an additional 1,758 shares during the last quarter. International Assets Investment Management LLC boosted its position in shares of NVIDIA by 1.0% during the first quarter. International Assets Investment Management LLC now owns 489,105 shares of the computer hardware maker's stock valued at $53,009,000 after purchasing an additional 4,730 shares in the last quarter. Finally, Gerber LLC boosted its position in shares of NVIDIA by 0.7% during the first quarter. Gerber LLC now owns 32,422 shares of the computer hardware maker's stock valued at $3,514,000 after purchasing an additional 241 shares in the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NVDA has been the topic of several research reports. Mizuho set a $192.00 price target on NVIDIA and gave the company an "outperform" rating in a research report on Tuesday. Stifel Nicolaus set a $180.00 target price on NVIDIA in a report on Wednesday, March 19th. Morgan Stanley reissued an "overweight" rating and issued a $170.00 target price (up from $160.00) on shares of NVIDIA in a report on Thursday, May 29th. Barclays upped 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. Finally, HSBC downgraded NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 price target on the stock. in a report on Thursday, April 3rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-three have given a buy rating and four have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $181.22.

Insider Transactions at NVIDIA

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $164.36, for a total transaction of $12,327,000.00. Following the completion of the transaction, the chief executive officer owned 74,648,225 shares in the company, valued at approximately $12,269,182,261. This trade represents a 0.10% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director A Brooke Seawell sold 48,792 shares of NVIDIA stock in a transaction dated Monday, July 14th. The shares were sold at an average price of $163.96, for a total value of $7,999,936.32. Following the transaction, the director owned 1,729,478 shares of the company's stock, valued at $283,565,212.88. The trade was a 2.74% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 4,767,150 shares of company stock valued at $701,030,045. 4.17% of the stock is currently owned by insiders.

NVIDIA Stock Up 1.1%

NASDAQ NVDA traded up $1.88 during midday trading on Thursday, hitting $173.25. 112,001,786 shares of the company traded hands, compared to its average volume of 264,793,087. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.39 and a quick ratio of 2.96. The company has a market cap of $4.23 trillion, a PE ratio of 55.89, a price-to-earnings-growth ratio of 1.51 and a beta of 2.13. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $174.12. The company's 50-day simple moving average is $144.76 and its 200-day simple moving average is $129.39.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings results 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 firm had revenue of $44.06 billion for the quarter, compared to analyst estimates of $43.09 billion. During the same period in the prior year, the firm posted $0.61 EPS. The business's revenue was up 69.2% compared to the same quarter last year. As a group, equities research analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders 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 yield of 0.02%. NVIDIA's dividend payout ratio is currently 1.29%.

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.