NVIDIA Corporation (NASDAQ:NVDA) Shares Sold by Well Done LLC

Well Done LLC lessened its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 19.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,533 shares of the computer hardware maker's stock after selling 1,577 shares during the period. Well Done LLC's holdings in NVIDIA were worth $708,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Wealth Group Ltd. lifted its position in shares of NVIDIA by 1.8% in the fourth quarter. Wealth Group Ltd. now owns 5,702 shares of the computer hardware maker's stock valued at $766,000 after acquiring an additional 100 shares in the last quarter. Tallon Kerry Patrick purchased a new stake in NVIDIA in the fourth quarter valued at $972,000. Capital & Planning LLC grew its stake in shares of NVIDIA by 16.9% in the fourth quarter. Capital & Planning LLC now owns 7,604 shares of the computer hardware maker's stock valued at $1,021,000 after buying an additional 1,099 shares in the last quarter. Ironwood Wealth Management LLC. grew its stake in shares of NVIDIA by 1.6% in the fourth quarter. Ironwood Wealth Management LLC. now owns 6,483 shares of the computer hardware maker's stock valued at $871,000 after buying an additional 104 shares in the last quarter. Finally, Brighton Jones LLC grew its stake in NVIDIA by 12.4% during the 4th quarter. Brighton Jones LLC now owns 324,901 shares of the computer hardware maker's stock worth $43,631,000 after purchasing an additional 35,815 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.

Insider Activity at NVIDIA

In other NVIDIA news, Director A Brooke Seawell sold 49,131 shares of NVIDIA stock in a transaction on Thursday, July 10th. The shares were sold at an average price of $162.83, for a total transaction of $8,000,000.73. Following the completion of the transaction, the director directly owned 1,826,382 shares of the company's stock, valued at $297,389,781.06. The trade was a 2.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction on Wednesday, July 9th. The shares were sold at an average price of $163.11, for a total transaction of $12,233,250.00. Following the sale, the chief executive officer directly owned 74,873,225 shares of the company's stock, valued at $12,212,571,729.75. This represents a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,520,246 shares of company stock worth $660,253,045. Company insiders own 4.17% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Summit Insights raised NVIDIA from a "hold" rating to a "buy" rating in a research report on Thursday, May 29th. Benchmark reaffirmed a "buy" rating and set a $190.00 price objective on shares of NVIDIA in a research note on Thursday, May 29th. Seaport Res Ptn upgraded NVIDIA to a "strong sell" rating in a research report on Wednesday, April 30th. Citigroup upped their target price on NVIDIA from $180.00 to $190.00 and gave the company a "buy" rating in a report on Monday. Finally, DA Davidson increased their target price on NVIDIA from $120.00 to $135.00 and gave the company a "neutral" rating in a report on Thursday, May 29th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, thirty-four have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $177.03.

NVIDIA Trading Up 0.7%

NASDAQ NVDA traded up $1.22 during trading on Thursday, hitting $164.10. The company had a trading volume of 167,093,998 shares, compared to its average volume of 266,706,770. The company has a current ratio of 3.39, a quick ratio of 2.96 and a debt-to-equity ratio of 0.10. The company's fifty day moving average is $140.52 and its 200-day moving average is $128.60. The company has a market cap of $4.00 trillion, a price-to-earnings ratio of 52.94, a price-to-earnings-growth ratio of 1.44 and a beta of 2.13. NVIDIA Corporation has a one year low of $86.62 and a one year high of $164.50.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $44.06 billion for the quarter, compared to analysts' expectations of $43.09 billion. NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The business'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. On average, sell-side analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th were paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.02%. The ex-dividend date was Wednesday, June 11th. NVIDIA's payout ratio is 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.