NVIDIA Corporation (NASDAQ:NVDA) Stake Reduced by Postrock Partners LLC

Postrock Partners LLC cut its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 17.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,988 shares of the computer hardware maker's stock after selling 9,595 shares during the quarter. NVIDIA comprises about 2.4% of Postrock Partners LLC's investment portfolio, making the stock its 9th biggest position. Postrock Partners LLC's holdings in NVIDIA were worth $4,876,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Copia Wealth Management purchased a new stake in shares of NVIDIA during the fourth quarter worth about $50,000. LSV Asset Management purchased a new stake in shares of NVIDIA during the fourth quarter worth about $54,000. Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of NVIDIA during the first quarter worth about $51,000. Bruce G. Allen Investments LLC increased its position in shares of NVIDIA by 198.2% during the first quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock worth $53,000 after acquiring an additional 327 shares during the last quarter. Finally, Delos Wealth Advisors LLC increased its position in shares of NVIDIA by 134.8% during the fourth quarter. Delos Wealth Advisors LLC now owns 493 shares of the computer hardware maker's stock worth $66,000 after acquiring an additional 283 shares during the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on NVDA. Barclays lifted their target price on NVIDIA from $170.00 to $200.00 and gave the stock an "overweight" rating in a research report on Tuesday, June 17th. Rosenblatt Securities lifted their price target on NVIDIA from $178.00 to $200.00 and gave the stock a "buy" rating in a research note on Thursday, May 29th. Bank of America lifted their price target on NVIDIA from $180.00 to $220.00 in a research note on Wednesday, July 16th. Mizuho set a $192.00 price target on NVIDIA and gave the stock an "outperform" rating in a research note on Tuesday, July 15th. Finally, Wedbush reiterated an "outperform" rating on shares of NVIDIA in a research note on Thursday, May 29th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-two have assigned a buy rating and four have assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $183.75.

NVIDIA Stock Performance

Shares of NVDA opened at $183.16 on Wednesday. The firm has a market cap of $4.47 trillion, a price-to-earnings ratio of 59.08, a price-to-earnings-growth ratio of 1.60 and a beta of 2.14. The company's fifty day moving average is $161.55 and its 200-day moving average is $134.24. The company has a quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $184.48.

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). NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The business had revenue of $44.06 billion for the quarter, compared to analyst estimates of $43.09 billion. During the same period in the previous year, the company earned $0.61 earnings per share. The company's quarterly revenue was up 69.2% compared to the same quarter last year. Equities analysts expect that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The business also recently announced 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 annualized dividend and a yield of 0.0%. The ex-dividend date was Wednesday, June 11th. NVIDIA's payout ratio is 1.29%.

Insider Activity at NVIDIA

In other news, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $182.38, for a total value of $13,678,500.00. Following the transaction, the chief executive officer owned 73,223,225 shares of the company's stock, valued at $13,354,451,775.50. This trade represents a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Colette Kress sold 27,640 shares of the business's stock in a transaction on Monday, August 4th. The stock was sold at an average price of $178.06, for a total transaction of $4,921,578.40. Following the completion of the sale, the chief financial officer owned 2,956,876 shares of the company's stock, valued at $526,501,340.56. The trade was a 0.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,687,440 shares of company stock valued at $862,095,782. Corporate insiders own 4.17% of the company's stock.

NVIDIA Company 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.

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