NVIDIA Corporation (NASDAQ:NVDA) Shares Sold by Wealth Effects LLC

Wealth Effects LLC decreased its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 7.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 181,359 shares of the computer hardware maker's stock after selling 13,792 shares during the period. NVIDIA makes up 8.3% of Wealth Effects LLC's portfolio, making the stock its biggest holding. Wealth Effects LLC's holdings in NVIDIA were worth $19,656,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in NVDA. Omnia Family Wealth LLC boosted its holdings in shares of NVIDIA by 33.8% in the first quarter. Omnia Family Wealth LLC now owns 32,230 shares of the computer hardware maker's stock worth $3,493,000 after buying an additional 8,148 shares during the period. New World Advisors LLC boosted its position in shares of NVIDIA by 20.2% in the first quarter. New World Advisors LLC now owns 8,856 shares of the computer hardware maker's stock worth $960,000 after buying an additional 1,491 shares during the period. Inman Jager Wealth Management LLC boosted its position in shares of NVIDIA by 10.0% in the first quarter. Inman Jager Wealth Management LLC now owns 9,335 shares of the computer hardware maker's stock worth $1,012,000 after buying an additional 851 shares during the period. Cvfg LLC boosted its position in NVIDIA by 12.1% during the 1st quarter. Cvfg LLC now owns 12,140 shares of the computer hardware maker's stock worth $1,316,000 after acquiring an additional 1,308 shares during the period. Finally, Tyche Wealth Partners LLC boosted its position in NVIDIA by 6.3% during the 1st quarter. Tyche Wealth Partners LLC now owns 75,440 shares of the computer hardware maker's stock worth $8,176,000 after acquiring an additional 4,472 shares during the period. Institutional investors own 65.27% of the company's stock.

Insiders Place Their Bets

In other news, Director Mark A. Stevens sold 935,000 shares of the company's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $140.92, for a total transaction of $131,760,200.00. Following the completion of the transaction, the director directly owned 9,214,697 shares of the company's stock, valued at $1,298,535,101.24. This represents a 9.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Ajay K. Puri sold 168,195 shares of the stock in a transaction dated 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 transaction, the executive vice president owned 4,018,547 shares of the company's stock, valued at approximately $613,391,014.08. This represents a 4.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 4,964,800 shares of company stock valued at $734,906,003 over the last 90 days. 4.17% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Wedbush restated an "outperform" rating on shares of NVIDIA in a research report on Thursday, May 29th. Rosenblatt Securities raised their price target on shares of NVIDIA from $178.00 to $200.00 and gave the stock a "buy" rating in a report on Thursday, May 29th. Loop Capital lifted their target price on shares of NVIDIA from $175.00 to $250.00 and gave the company a "buy" rating in a research note on Wednesday, June 25th. Mizuho set a $192.00 target price on shares of NVIDIA and gave the company an "outperform" rating in a research note on Tuesday. Finally, Truist Financial lifted their price objective on NVIDIA from $205.00 to $210.00 and gave the company a "buy" rating in a research report on Thursday, May 29th. One analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-three have assigned a buy rating and four have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $181.22.

NVIDIA Price Performance

Shares of NVIDIA stock traded down $0.59 during midday trading on Friday, reaching $172.41. The company had a trading volume of 145,724,125 shares, compared to its average volume of 263,779,254. The stock has a fifty day simple moving average of $146.99 and a 200 day simple moving average of $129.90. The company has a market capitalization of $4.21 trillion, a price-to-earnings ratio of 55.62, a price-to-earnings-growth ratio of 1.52 and a beta of 2.13. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $174.25. The company has a current ratio of 3.39, a quick ratio of 2.96 and a debt-to-equity ratio of 0.10.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.06). NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The company had revenue of $44.06 billion for the quarter, compared to analyst estimates of $43.09 billion. During the same quarter in the previous year, the firm posted $0.61 earnings per share. NVIDIA's quarterly 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th were given a $0.01 dividend. The ex-dividend date was Wednesday, June 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.02%. NVIDIA's dividend payout ratio is presently 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.