NVIDIA Corporation (NASDAQ:NVDA) Shares Sold by Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group

Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group lessened its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 50.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,000 shares of the computer hardware maker's stock after selling 17,000 shares during the period. NVIDIA makes up 1.0% of Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group's investment portfolio, making the stock its 21st largest position. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group's holdings in NVIDIA were worth $1,842,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Norges Bank purchased a new stake in NVIDIA during the 4th quarter worth about $43,515,504,000. GAMMA Investing LLC increased its holdings in shares of NVIDIA by 12,173.2% in the 1st quarter. GAMMA Investing LLC now owns 48,837,781 shares of the computer hardware maker's stock valued at $5,293,039,000 after acquiring an additional 48,439,859 shares during the last quarter. Northern Trust Corp increased its holdings in shares of NVIDIA by 15.8% in the 4th quarter. Northern Trust Corp now owns 266,454,194 shares of the computer hardware maker's stock valued at $35,782,134,000 after acquiring an additional 36,266,817 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in NVIDIA by 204.6% during the 1st quarter. Assenagon Asset Management S.A. now owns 35,652,571 shares of the computer hardware maker's stock worth $3,864,026,000 after buying an additional 23,948,733 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in NVIDIA during the 4th quarter worth approximately $2,987,733,000. Institutional investors and hedge funds own 65.27% of the company's stock.

NVIDIA Trading Up 0.2%

NASDAQ:NVDA opened at $182.02 on Friday. The business's 50-day simple moving average is $163.18 and its 200 day simple moving average is $135.00. NVIDIA Corporation has a one year low of $86.62 and a one year high of $184.48. The stock has a market cap of $4.44 trillion, a price-to-earnings ratio of 58.72, a price-to-earnings-growth ratio of 1.60 and a beta of 2.14. 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 (NASDAQ:NVDA - Get Free Report) last posted its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.06). The company had revenue of $44.06 billion for the quarter, compared to the consensus estimate of $43.09 billion. NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The firm's revenue for the quarter was up 69.2% compared to the same quarter last year. During the same period last year, the company posted $0.61 earnings per share. As a group, sell-side analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. The ex-dividend date of this dividend was Wednesday, June 11th. NVIDIA's dividend payout ratio is 1.29%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Bank of America increased their price objective on NVIDIA from $180.00 to $220.00 in a research report on Wednesday, July 16th. Mizuho raised their price objective on NVIDIA from $192.00 to $205.00 and gave the company an "outperform" rating in a research note on Thursday. Summit Insights raised NVIDIA from a "hold" rating to a "buy" rating in a research note on Thursday, May 29th. Piper Sandler set a $225.00 price target on NVIDIA and gave the stock an "overweight" rating in a report on Wednesday. Finally, Oppenheimer boosted their price target on NVIDIA from $175.00 to $200.00 and gave the stock an "outperform" rating in a report on Tuesday, July 15th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-two have issued a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $186.33.

Insiders Place Their Bets

In related news, Director Tench Coxe sold 1,000,000 shares of the stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $142.80, for a total value of $142,800,000.00. Following the completion of the transaction, the director directly owned 26,671,360 shares of the company's stock, valued at $3,808,670,208. This represents a 3.61% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief executive officer directly owned 75,548,225 shares of the company's stock, valued at $11,524,126,241.50. This trade represents a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,837,440 shares of company stock valued at $889,404,782. 4.17% of the stock is owned by corporate insiders.

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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