Patriot Investment Management Group Inc. Sells 4,266 Shares of NVIDIA Corporation (NASDAQ:NVDA)

Patriot Investment Management Group Inc. lowered its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 11.0% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 34,552 shares of the computer hardware maker's stock after selling 4,266 shares during the quarter. Patriot Investment Management Group Inc.'s holdings in NVIDIA were worth $3,745,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Tacita Capital Inc purchased a new stake in shares of NVIDIA in the fourth quarter worth about $28,000. Vision Financial Markets LLC purchased a new stake in shares of NVIDIA in the fourth quarter worth about $38,000. Copia Wealth Management purchased a new stake in shares of NVIDIA in the fourth quarter worth about $50,000. LSV Asset Management purchased a new stake in shares of NVIDIA in the fourth quarter worth about $54,000. Finally, Bruce G. Allen Investments LLC lifted its holdings in shares of NVIDIA by 198.2% in the first quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock worth $53,000 after buying an additional 327 shares in the last quarter. Institutional investors own 65.27% of the company's stock.

Insider Transactions at NVIDIA

In other NVIDIA news, Director A Brooke Seawell sold 55,282 shares of the business's stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $144.71, for a total value of $7,999,858.22. Following the completion of the transaction, the director now owns 1,944,718 shares of the company's stock, valued at approximately $281,420,141.78. The trade was a 2.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $152.54, for a total value of $11,440,500.00. Following the completion of the transaction, the chief executive officer now directly owns 75,548,225 shares of the company's stock, valued at approximately $11,524,126,241.50. This trade represents a 0.10% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,468,863 shares of company stock valued at $495,150,332 in the last quarter. 4.17% of the stock is owned by insiders.

NVIDIA Price Performance

NVDA opened at $155.02 on Friday. The stock has a 50-day moving average price of $129.83 and a 200-day moving average price of $126.89. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.39 and a quick ratio of 2.96. The firm has a market cap of $3.78 trillion, a PE ratio of 50.01, a P/E/G ratio of 1.36 and a beta of 2.12. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $156.72.

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

NVIDIA Dividend Announcement

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

Wall Street Analysts Forecast Growth

NVDA has been the topic of a number of recent analyst reports. Oppenheimer reissued an "outperform" rating and issued a $175.00 price target on shares of NVIDIA in a report on Monday, June 16th. UBS Group reissued a "buy" rating on shares of NVIDIA in a report on Friday, May 23rd. Rosenblatt Securities increased their price target on shares of NVIDIA from $178.00 to $200.00 and gave the stock a "buy" rating in a report on Thursday, May 29th. Arete Research raised shares of NVIDIA to a "strong-buy" rating in a report on Wednesday, May 21st. Finally, KeyCorp set a $190.00 target price on shares of NVIDIA in a research note on Wednesday, March 19th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-four have given a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat, NVIDIA presently has an average rating of "Moderate Buy" and an average 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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