Golden State Equity Partners Has $20.90 Million Stock Holdings in NVIDIA Corporation (NASDAQ:NVDA)

Golden State Equity Partners cut its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 3.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 192,836 shares of the computer hardware maker's stock after selling 7,141 shares during the period. NVIDIA comprises approximately 4.1% of Golden State Equity Partners' investment portfolio, making the stock its 2nd biggest position. Golden State Equity Partners' holdings in NVIDIA were worth $20,900,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FMR LLC increased its holdings in shares of NVIDIA by 0.7% during 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 buying an additional 6,665,252 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of NVIDIA by 1.7% during 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 buying an additional 9,468,786 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of NVIDIA by 0.9% during 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 buying an additional 3,721,331 shares in the last quarter. Norges Bank acquired a new stake in NVIDIA in the fourth quarter valued at $43,515,504,000. Finally, Northern Trust Corp increased 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 valued at $35,782,134,000 after purchasing an additional 36,266,817 shares during the period. 65.27% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Bank of America increased their price objective on NVIDIA from $180.00 to $220.00 in a report on Wednesday. Needham & Company LLC increased their price target on NVIDIA from $160.00 to $200.00 and gave the stock a "buy" rating in a report on Wednesday. Piper Sandler reiterated an "overweight" rating and set a $180.00 price target (up from $150.00) on shares of NVIDIA in a report on Wednesday, May 28th. The Goldman Sachs Group began coverage on NVIDIA in a report on Thursday, July 10th. They set a "buy" rating and a $185.00 price target for the company. Finally, William Blair reiterated an "outperform" rating on shares of NVIDIA in a report on Thursday, March 20th. One equities research 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 assigned a strong buy rating to the stock. According to MarketBeat, NVIDIA has a consensus rating of "Moderate Buy" and a consensus price target of $181.22.

NVIDIA Stock Performance

NVIDIA stock traded down $0.59 during mid-day trading on Friday, reaching $172.41. The company's stock had a trading volume of 145,118,963 shares, compared to its average volume of 264,002,349. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $174.16. The company has a market capitalization of $4.21 trillion, a P/E ratio of 55.62, a PEG ratio of 1.51 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's fifty day moving average price is $145.88 and its two-hundred day moving average price is $129.63.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing analysts' consensus estimates 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 firm's revenue for the quarter was up 69.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.61 earnings per share. Sell-side analysts predict that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently announced 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 of this dividend was Wednesday, June 11th. This represents a $0.04 annualized dividend and a yield of 0.02%. NVIDIA's dividend payout ratio (DPR) is presently 1.29%.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director A Brooke Seawell sold 48,792 shares of the company'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 directly owned 1,729,478 shares in the company, valued at $283,565,212.88. This represents a 2.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of the company's stock in a transaction dated Monday, July 14th. The shares were sold at an average price of $164.36, for a total transaction of $12,327,000.00. Following the sale, the chief executive officer owned 74,648,225 shares of the company's stock, valued at approximately $12,269,182,261. The trade was a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,814,800 shares of company stock worth $709,172,753 over the last three months. Company insiders own 4.17% of the company's stock.

NVIDIA 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.