NVIDIA Corporation (NASDAQ:NVDA) Stock Holdings Lowered by Grant Private Wealth Management Inc

Grant Private Wealth Management Inc decreased its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 3.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 55,977 shares of the computer hardware maker's stock after selling 1,979 shares during the quarter. NVIDIA accounts for 6.5% of Grant Private Wealth Management Inc's portfolio, making the stock its largest position. Grant Private Wealth Management Inc's holdings in NVIDIA were worth $6,067,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NVDA. American Institute for Advanced Investment Management LLP raised its position in NVIDIA by 2.0% in the first quarter. American Institute for Advanced Investment Management LLP now owns 11,089 shares of the computer hardware maker's stock worth $1,202,000 after acquiring an additional 219 shares during the period. Cliftonlarsonallen Wealth Advisors LLC raised its position in NVIDIA by 10.6% in the first quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 77,902 shares of the computer hardware maker's stock worth $8,443,000 after acquiring an additional 7,439 shares during the period. Missouri Trust & Investment Co raised its position in NVIDIA by 45.0% in the first quarter. Missouri Trust & Investment Co now owns 27,895 shares of the computer hardware maker's stock worth $3,023,000 after acquiring an additional 8,660 shares during the period. Dover Advisors LLC raised its position in shares of NVIDIA by 84.6% during the 1st quarter. Dover Advisors LLC now owns 5,352 shares of the computer hardware maker's stock valued at $580,000 after purchasing an additional 2,452 shares during the period. Finally, Avaii Wealth Management LLC raised its position in shares of NVIDIA by 33.6% during the 1st quarter. Avaii Wealth Management LLC now owns 67,059 shares of the computer hardware maker's stock valued at $7,268,000 after purchasing an additional 16,854 shares during the period. Hedge funds and other institutional investors own 65.27% of the company's stock.

Insider Buying and Selling

In other NVIDIA news, EVP Ajay K. Puri sold 168,195 shares of the company's stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $152.64, for a total transaction of $25,673,284.80. Following the completion of the transaction, the executive vice president now directly owns 4,018,547 shares in the company, valued at approximately $613,391,014.08. This represents a 4.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Robert K. Burgess sold 50,000 shares of the stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $134.82, for a total transaction of $6,741,000.00. Following the completion of the sale, the director now owns 201,044 shares of the company's stock, valued at approximately $27,104,752.08. The trade was a 19.92% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,792,267 shares of company stock worth $544,823,117 in the last 90 days. 4.17% of the stock is owned by corporate insiders.

NVIDIA Trading Up 1.8%

Shares of NVDA opened at $157.75 on Monday. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $158.71. The company has a 50-day moving average of $130.96 and a 200 day moving average of $126.89. The firm has a market capitalization of $3.85 trillion, a price-to-earnings ratio of 50.89, a PEG ratio of 1.40 and a beta of 2.12. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.39 and a quick ratio of 2.96.

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 for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The company had revenue of $44.06 billion for the quarter, compared to the consensus estimate of $43.09 billion. During the same quarter in the previous year, the business earned $0.61 EPS. The company's quarterly revenue was up 69.2% compared to the same quarter last year. On average, research analysts expect that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th will be issued a $0.01 dividend. The ex-dividend date is Wednesday, June 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. NVIDIA's dividend payout ratio is currently 1.29%.

Analysts Set New Price Targets

NVDA has been the topic of several recent analyst reports. Morgan Stanley restated an "overweight" rating and set a $170.00 price objective (up from $160.00) on shares of NVIDIA in a research report on Thursday, May 29th. Oppenheimer restated an "outperform" rating and set a $175.00 price objective on shares of NVIDIA in a research report on Monday, June 16th. Piper Sandler restated an "overweight" rating and set a $180.00 price objective (up from $150.00) on shares of NVIDIA in a research report on Wednesday, May 28th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $200.00 price target on shares of NVIDIA in a report on Wednesday, April 16th. Finally, Summit Insights upgraded shares of NVIDIA from a "hold" rating to a "buy" rating in a report on Thursday, May 29th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-four have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $175.78.

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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