Continuum Wealth Advisors LLC Cuts Position in NVIDIA Corporation (NASDAQ:NVDA)

Continuum Wealth Advisors LLC lowered its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 36.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,164 shares of the computer hardware maker's stock after selling 1,835 shares during the period. Continuum Wealth Advisors LLC's holdings in NVIDIA were worth $343,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in NVDA. Wealth Group Ltd. increased its stake in NVIDIA by 1.8% during the 4th quarter. Wealth Group Ltd. now owns 5,702 shares of the computer hardware maker's stock worth $766,000 after acquiring an additional 100 shares during the period. Tallon Kerry Patrick bought a new position in NVIDIA during the 4th quarter worth $972,000. Capital & Planning LLC increased its stake in NVIDIA by 16.9% during the 4th quarter. Capital & Planning LLC now owns 7,604 shares of the computer hardware maker's stock worth $1,021,000 after acquiring an additional 1,099 shares during the period. Ironwood Wealth Management LLC. boosted its holdings in shares of NVIDIA by 1.6% in the 4th quarter. Ironwood Wealth Management LLC. now owns 6,483 shares of the computer hardware maker's stock valued at $871,000 after purchasing an additional 104 shares in the last quarter. Finally, Brighton Jones LLC boosted its holdings in shares of NVIDIA by 12.4% in the 4th quarter. Brighton Jones LLC now owns 324,901 shares of the computer hardware maker's stock valued at $43,631,000 after purchasing an additional 35,815 shares in the last quarter. Institutional investors own 65.27% of the company's stock.

Insider Buying and Selling

In other NVIDIA news, Director A Brooke Seawell sold 49,131 shares of the business's stock in a transaction that occurred on Thursday, July 10th. The stock was sold at an average price of $162.83, for a total transaction of $8,000,000.73. Following the completion of the sale, the director directly owned 1,826,382 shares of the company's stock, valued at approximately $297,389,781.06. The trade was a 2.62% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction that occurred on Wednesday, July 9th. The stock was sold at an average price of $163.11, for a total value of $12,233,250.00. Following the sale, the chief executive officer directly owned 74,873,225 shares of the company's stock, valued at $12,212,571,729.75. This represents a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 4,520,246 shares of company stock valued at $660,253,045 over the last three months. Corporate insiders own 4.17% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. HSBC downgraded NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 target price on the stock. in a report on Thursday, April 3rd. Susquehanna reaffirmed a "positive" rating and issued a $180.00 target price on shares of NVIDIA in a report on Wednesday, March 19th. Needham & Company LLC reaffirmed a "buy" rating and issued a $160.00 target price on shares of NVIDIA in a report on Thursday, May 29th. Wedbush reaffirmed an "outperform" rating on shares of NVIDIA in a report on Thursday, May 29th. Finally, Raymond James Financial raised their target price on NVIDIA from $150.00 to $165.00 and gave the company a "strong-buy" rating in a report on Thursday, May 29th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-four have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $177.03.

NVIDIA Stock Up 1.2%

NVIDIA stock traded up $1.97 during midday trading on Friday, reaching $166.07. The stock had a trading volume of 121,011,616 shares, compared to its average volume of 266,143,885. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $167.84. The company has a market capitalization of $4.05 trillion, a P/E ratio of 53.68, a PEG ratio of 1.44 and a beta of 2.13. The company has a fifty day moving average price of $140.52 and a two-hundred day moving average price of $128.60. 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 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 firm had revenue of $44.06 billion during the quarter, compared to the consensus estimate of $43.09 billion. During the same period in the previous year, the firm earned $0.61 earnings per share. The business's quarterly revenue was up 69.2% on a year-over-year basis. As a group, equities analysts expect that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

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

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.