NVIDIA Corporation (NASDAQ:NVDA) Stock Holdings Lessened by Beacon Financial Advisory LLC

Beacon Financial Advisory LLC reduced its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 9.6% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 29,457 shares of the computer hardware maker's stock after selling 3,119 shares during the quarter. NVIDIA makes up 1.0% of Beacon Financial Advisory LLC's portfolio, making the stock its 16th biggest position. Beacon Financial Advisory LLC's holdings in NVIDIA were worth $3,193,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Tacita Capital Inc bought a new stake in NVIDIA in the 4th quarter valued at about $28,000. Vision Financial Markets LLC bought a new stake in NVIDIA in the 4th quarter valued at about $38,000. Copia Wealth Management bought a new stake in NVIDIA in the 4th quarter valued at about $50,000. LSV Asset Management bought a new stake in NVIDIA in the 4th quarter valued at about $54,000. Finally, Bruce G. Allen Investments LLC lifted its position in NVIDIA by 198.2% in the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock valued at $53,000 after purchasing an additional 327 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors.

NVIDIA Trading Down 0.3%

Shares of NVDA stock opened at $172.41 on Friday. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $174.25. The stock has a market cap of $4.21 trillion, a price-to-earnings ratio of 55.62, a P/E/G ratio of 1.52 and a beta of 2.13. 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 firm has a fifty day moving average of $146.99 and a 200-day moving average of $129.90.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings data 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 during the quarter, compared to analyst estimates of $43.09 billion. NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The company's quarterly revenue was up 69.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.61 EPS. On average, equities research analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.02%. The ex-dividend date of this dividend was Wednesday, June 11th. NVIDIA's dividend payout ratio (DPR) is currently 1.29%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Hsbc Global Res downgraded shares of NVIDIA from a "strong-buy" rating to a "hold" rating in a research report on Thursday, April 3rd. Seaport Res Ptn raised shares of NVIDIA to a "strong sell" rating in a research note on Wednesday, April 30th. Cantor Fitzgerald reissued an "overweight" rating and set a $200.00 target price on shares of NVIDIA in a research note on Wednesday, April 16th. The Goldman Sachs Group assumed coverage on shares of NVIDIA in a research note on Thursday, July 10th. They set a "buy" rating and a $185.00 target price on the stock. Finally, Arete Research raised shares of NVIDIA to a "strong-buy" rating in a research note on Wednesday, May 21st. One analyst has rated the stock with a sell rating, four have given a hold rating, thirty-three have given a buy rating and four have given a strong buy rating to the company. Based on data from MarketBeat.com, NVIDIA presently has a consensus rating of "Moderate Buy" and a consensus price target of $181.22.

Insider Buying and Selling

In related news, CFO Colette Kress sold 27,650 shares of the stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $170.89, for a total transaction of $4,725,108.50. Following the completion of the sale, the chief financial officer owned 2,984,516 shares in the company, valued at $510,023,939.24. This trade represents a 0.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director A Brooke Seawell sold 48,792 shares of the firm's stock in a transaction dated Monday, July 14th. The shares were sold at an average price of $163.96, for a total transaction of $7,999,936.32. Following the completion of the sale, the director owned 1,729,478 shares of the company's stock, valued at $283,565,212.88. The trade was a 2.74% decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,964,800 shares of company stock worth $734,906,003 in the last quarter. 4.17% of the stock is owned by corporate insiders.

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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