NVIDIA Corporation (NASDAQ:NVDA) Shares Sold by Stratos Wealth Advisors LLC

Key Points

• Stratos Wealth Advisors LLC reduced its stake in NVIDIA by 3.5%, now holding 322,506 shares valued at approximately $34.95 million, making it the fund's 5th largest holding.
• NVIDIA reported $0.81 EPS for the last quarter, which was below the expected $0.87, although the revenue of $44.06 billion exceeded analyst estimates.
• The company recently declared a $0.01 quarterly dividend, with a yield of 0.0%, reflecting a low payout ratio of 1.29%.

Stratos Wealth Advisors LLC lessened its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 3.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 322,506 shares of the computer hardware maker's stock after selling 11,716 shares during the period. NVIDIA accounts for approximately 1.9% of Stratos Wealth Advisors LLC's investment portfolio, making the stock its 5th biggest position. Stratos Wealth Advisors LLC's holdings in NVIDIA were worth $34,953,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new position in NVIDIA in the 4th quarter valued at approximately $43,515,504,000. GAMMA Investing LLC boosted its position in NVIDIA by 12,173.2% in the 1st quarter. GAMMA Investing LLC now owns 48,837,781 shares of the computer hardware maker's stock valued at $5,293,039,000 after buying an additional 48,439,859 shares during the period. Northern Trust Corp boosted its position in NVIDIA by 15.8% in the 4th quarter. Northern Trust Corp now owns 266,454,194 shares of the computer hardware maker's stock valued at $35,782,134,000 after buying an additional 36,266,817 shares during the period. Assenagon Asset Management S.A. lifted its position in shares of NVIDIA by 204.6% during the 1st quarter. Assenagon Asset Management S.A. now owns 35,652,571 shares of the computer hardware maker's stock worth $3,864,026,000 after purchasing an additional 23,948,733 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of NVIDIA during the 4th quarter worth $2,987,733,000. Institutional investors and hedge funds own 65.27% of the company's stock.

NVIDIA Stock Performance

NASDAQ:NVDA traded up $6.28 during mid-day trading on Monday, hitting $180.00. The stock had a trading volume of 147,497,317 shares, compared to its average volume of 248,133,797. The stock has a market capitalization of $4.39 trillion, a price-to-earnings ratio of 58.06, a P/E/G ratio of 1.53 and a beta of 2.14. The company has a 50 day simple moving average of $155.30 and a 200-day simple moving average of $132.28. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $183.30. The company has a current ratio of 3.39, a quick ratio of 2.96 and a debt-to-equity ratio of 0.10.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.06). The firm had revenue of $44.06 billion during the quarter, compared to the consensus estimate of $43.09 billion. NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The company's revenue for the quarter was up 69.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.61 earnings per share. On average, research analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. The ex-dividend date was Wednesday, June 11th. NVIDIA's dividend payout ratio (DPR) is presently 1.29%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on NVDA. The Goldman Sachs Group started coverage on shares of NVIDIA in a research note on Thursday, July 10th. They set a "buy" rating and a $185.00 price target on the stock. Jefferies Financial Group lifted their target price on shares of NVIDIA from $185.00 to $200.00 in a report on Wednesday, July 16th. Loop Capital lifted their target price on shares of NVIDIA from $175.00 to $250.00 and gave the company a "buy" rating in a report on Wednesday, June 25th. Wedbush reaffirmed an "outperform" rating on shares of NVIDIA in a report on Thursday, May 29th. Finally, Oppenheimer lifted their target price on shares of NVIDIA from $175.00 to $200.00 and gave the company an "outperform" rating in a report on Tuesday, July 15th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-three have given a buy rating and four have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $182.03.

Insider Activity

In other NVIDIA news, Director Tench Coxe sold 1,000,000 shares of the firm's stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $142.80, for a total value of $142,800,000.00. Following the completion of the transaction, the director directly owned 26,671,360 shares in the company, valued at $3,808,670,208. This trade represents a 3.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Ajay K. Puri sold 168,195 shares of the firm's stock in a transaction dated Wednesday, June 25th. The stock was 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 owned 4,018,547 shares of the company's stock, valued at approximately $613,391,014.08. The trade was a 4.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,339,800 shares of company stock valued at $800,141,003. Corporate 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.