NVIDIA Corporation (NASDAQ:NVDA) Stake Lowered by Bernard Wealth Management Corp.

Bernard Wealth Management Corp. lowered its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 2.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 235,704 shares of the computer hardware maker's stock after selling 4,795 shares during the period. NVIDIA comprises approximately 12.5% of Bernard Wealth Management Corp.'s holdings, making the stock its 2nd largest holding. Bernard Wealth Management Corp.'s holdings in NVIDIA were worth $25,546,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the stock. FMR LLC boosted its holdings in NVIDIA by 0.7% in the fourth quarter. FMR LLC now owns 1,004,376,608 shares of the computer hardware maker's stock worth $134,877,735,000 after acquiring an additional 6,665,252 shares in the last quarter. Geode Capital Management LLC boosted its holdings in NVIDIA by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 555,548,278 shares of the computer hardware maker's stock worth $74,439,273,000 after acquiring an additional 9,468,786 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in NVIDIA by 0.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 411,328,951 shares of the computer hardware maker's stock worth $55,237,367,000 after acquiring an additional 3,721,331 shares in the last quarter. Norges Bank acquired a new stake in NVIDIA in the fourth quarter worth about $43,515,504,000. Finally, Northern Trust Corp boosted its holdings in NVIDIA by 15.8% in the fourth quarter. Northern Trust Corp now owns 266,454,194 shares of the computer hardware maker's stock worth $35,782,134,000 after acquiring an additional 36,266,817 shares in the last quarter. Institutional investors own 65.27% of the company's stock.

Insider Activity at NVIDIA

In other news, EVP Ajay K. Puri sold 168,195 shares of NVIDIA stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $152.64, for a total value of $25,673,284.80. Following the completion of the sale, the executive vice president now owns 4,018,547 shares of the company's stock, valued at $613,391,014.08. The trade was a 4.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jen Hsun Huang sold 50,000 shares of NVIDIA stock in a transaction on Friday, June 20th. The shares were sold at an average price of $144.26, for a total value of $7,213,000.00. Following the completion of the sale, the chief executive officer now directly owns 75,723,225 shares of the company's stock, valued at approximately $10,923,832,438.50. This represents a 0.07% decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,792,267 shares of company stock valued at $544,823,117 in the last ninety days. Corporate insiders own 4.17% of the company's stock.

Analyst Ratings Changes

NVDA has been the subject of a number of research reports. HSBC downgraded NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 target price for the company. in a report on Thursday, April 3rd. Oppenheimer reiterated an "outperform" rating and set a $175.00 price target on shares of NVIDIA in a research report on Monday, June 16th. Bank of America lifted their price target on NVIDIA from $150.00 to $160.00 and gave the company a "buy" rating in a research report on Wednesday, May 14th. Susquehanna reiterated a "positive" rating and set a $180.00 price target on shares of NVIDIA in a research report on Wednesday, March 19th. Finally, Benchmark reiterated a "buy" rating and set a $190.00 price target on shares of NVIDIA in a research report on Thursday, May 29th. One research 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 issued a strong buy rating to the stock. According to data from MarketBeat.com, NVIDIA currently has a consensus rating of "Moderate Buy" and a consensus target price of $175.78.

NVIDIA Trading Up 1.8%

NVDA opened at $157.75 on Friday. NVIDIA Corporation has a one year low of $86.62 and a one year high of $158.71. The business's 50-day simple moving average is $130.96 and its 200-day simple moving average is $126.97. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.96 and a current ratio of 3.39. The company has a market cap of $3.85 trillion, a P/E ratio of 50.89, a PEG ratio of 1.40 and a beta of 2.12.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). The business had revenue of $44.06 billion for 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 quarterly revenue was up 69.2% on a year-over-year basis. During the same period last year, the company posted $0.61 earnings per share. As a group, equities research analysts expect that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.03%. The ex-dividend date is Wednesday, June 11th. NVIDIA's 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.

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