NVIDIA Corporation (NASDAQ:NVDA) Stock Position Lowered by Adams Diversified Equity Fund Inc.

Adams Diversified Equity Fund Inc. reduced its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 2.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,328,000 shares of the computer hardware maker's stock after selling 38,300 shares during the quarter. NVIDIA comprises about 5.7% of Adams Diversified Equity Fund Inc.'s investment portfolio, making the stock its 3rd biggest position. Adams Diversified Equity Fund Inc.'s holdings in NVIDIA were worth $143,929,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in NVDA. Tacita Capital Inc purchased a new position in shares of NVIDIA during the fourth quarter valued at approximately $28,000. Vision Financial Markets LLC purchased a new position in shares of NVIDIA during the fourth quarter valued at approximately $38,000. Copia Wealth Management purchased a new position in shares of NVIDIA during the fourth quarter valued at approximately $50,000. Bruce G. Allen Investments LLC boosted 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 valued at $53,000 after buying an additional 327 shares during the period. Finally, LSV Asset Management purchased a new stake in shares of NVIDIA in the fourth quarter valued at approximately $54,000. 65.27% of the stock is owned by institutional investors.

NVIDIA Price Performance

Shares of NASDAQ:NVDA traded down $0.59 during trading on Friday, reaching $172.41. 145,118,963 shares of the company's stock traded hands, compared to its average volume of 264,002,349. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $174.16. The company has a quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10. The firm has a market cap of $4.21 trillion, a PE ratio of 55.62, a P/E/G ratio of 1.51 and a beta of 2.13. The company has a 50-day simple moving average of $145.88 and a 200-day simple moving average of $129.63.

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 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 business had revenue of $44.06 billion for the quarter, compared to analyst estimates of $43.09 billion. During the same quarter last year, the business earned $0.61 earnings per share. NVIDIA's revenue was up 69.2% on a year-over-year basis. As a group, analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The company also recently disclosed 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 0.02%. The ex-dividend date of this dividend was Wednesday, June 11th. NVIDIA's payout ratio is 1.29%.

Insider Buying and Selling

In related news, CFO Colette Kress sold 27,650 shares of NVIDIA stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $170.89, for a total value of $4,725,108.50. Following the sale, the chief financial officer directly owned 2,984,516 shares in the company, valued at approximately $510,023,939.24. The trade was a 0.92% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director A Brooke Seawell sold 48,792 shares of NVIDIA stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $163.96, for a total value of $7,999,936.32. Following the completion of the sale, the director owned 1,729,478 shares in the company, valued at approximately $283,565,212.88. The trade was a 2.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,814,800 shares of company stock worth $709,172,753. Insiders own 4.17% of the company's stock.

Analysts Set New Price Targets

NVDA has been the subject of a number of research reports. Wedbush reiterated an "outperform" rating on shares of NVIDIA in a report on Thursday, May 29th. William Blair reiterated an "outperform" rating on shares of NVIDIA in a report on Thursday, March 20th. Phillip Securities upgraded NVIDIA from a "moderate buy" rating to a "strong-buy" rating in a report on Monday. Arete Research upgraded NVIDIA to a "strong-buy" rating in a report on Wednesday, May 21st. Finally, The Goldman Sachs Group initiated coverage on NVIDIA in a report on Thursday, July 10th. They issued a "buy" rating and a $185.00 price target for the company. One 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 issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $181.22.

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.