NVIDIA Corporation (NASDAQ:NVDA) Stock Position Reduced by Warther Private Wealth LLC

Warther Private Wealth LLC lowered its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 30.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 44,709 shares of the computer hardware maker's stock after selling 19,799 shares during the period. NVIDIA accounts for 1.6% of Warther Private Wealth LLC's holdings, making the stock its 16th biggest position. Warther Private Wealth LLC's holdings in NVIDIA were worth $4,846,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in NVDA. Tacita Capital Inc purchased a new position in shares of NVIDIA during the 4th quarter valued at about $28,000. Vision Financial Markets LLC acquired a new position in NVIDIA in the fourth quarter valued at approximately $38,000. Copia Wealth Management purchased a new stake in NVIDIA in the 4th quarter worth approximately $50,000. Bruce G. Allen Investments LLC grew its stake in shares of NVIDIA by 198.2% during the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock worth $53,000 after purchasing an additional 327 shares during the period. Finally, LSV Asset Management purchased a new position in shares of NVIDIA during the 4th quarter valued at approximately $54,000. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at NVIDIA

In other news, Director A Brooke Seawell sold 51,740 shares of the business's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $154.62, for a total transaction of $8,000,038.80. Following the transaction, the director directly owned 1,576,709 shares of the company's stock, valued at approximately $243,790,745.58. The trade was a 3.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Ajay K. Puri sold 168,195 shares of the business's stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $152.64, for a total transaction of $25,673,284.80. Following the completion of the transaction, the executive vice president owned 4,018,547 shares in the company, valued at $613,391,014.08. This represents a 4.02% decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,044,919 shares of company stock valued at $584,414,209 over the last quarter. Company insiders own 4.17% of the company's stock.

NVIDIA Trading Up 2.6%

Shares of NASDAQ NVDA traded up $3.95 during trading on Wednesday, hitting $157.25. 170,637,789 shares of the company traded hands, compared to its average volume of 263,404,531. The firm has a market capitalization of $3.84 trillion, a P/E ratio of 50.73, a P/E/G ratio of 1.40 and a beta of 2.13. The company has a quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10. The company has a 50-day moving average price of $133.27 and a 200-day moving average price of $127.24. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $158.71.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings data 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). The firm had revenue of $44.06 billion during the quarter, compared to analysts' expectations of $43.09 billion. NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The business's revenue for the quarter was up 69.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.61 earnings per share. On average, equities analysts predict that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The business also recently disclosed 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. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. The ex-dividend date of this dividend is Wednesday, June 11th. NVIDIA's dividend payout ratio is presently 1.29%.

Analysts Set New Price Targets

A number of research firms have weighed in on NVDA. Raymond James Financial lifted their price objective on shares of NVIDIA from $150.00 to $165.00 and gave the company a "strong-buy" rating in a report on Thursday, May 29th. Citigroup reiterated a "buy" rating and issued a $180.00 target price (up from $150.00) on shares of NVIDIA in a research report on Thursday, May 29th. Hsbc Global Res downgraded NVIDIA from a "strong-buy" rating to a "hold" rating in a research note on Thursday, April 3rd. Needham & Company LLC reiterated a "buy" rating and issued a $160.00 price objective on shares of NVIDIA in a report on Thursday, May 29th. Finally, Rosenblatt Securities increased their target price on shares of NVIDIA from $178.00 to $200.00 and gave the stock a "buy" rating in a research note on Thursday, May 29th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, thirty-four have assigned a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $175.78.

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.