Perissos Private Wealth Management LLC Decreases Stock Holdings in NVIDIA Corporation (NASDAQ:NVDA)

Perissos Private Wealth Management LLC cut its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 48.4% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,629 shares of the computer hardware maker's stock after selling 8,091 shares during the quarter. Perissos Private Wealth Management LLC's holdings in NVIDIA were worth $935,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NVDA. Tacita Capital Inc bought a new position in NVIDIA during the 4th quarter valued at approximately $28,000. Vision Financial Markets LLC purchased a new position in shares of NVIDIA during the 4th quarter worth approximately $38,000. Copia Wealth Management purchased a new position in shares of NVIDIA during the 4th quarter worth approximately $50,000. LSV Asset Management purchased a new position in shares of NVIDIA during the 4th quarter worth approximately $54,000. Finally, Bruce G. Allen Investments LLC grew its holdings in shares of NVIDIA by 198.2% during the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock worth $53,000 after acquiring an additional 327 shares during the period. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, EVP Ajay K. Puri sold 168,195 shares of the business's stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $152.64, for a total value of $25,673,284.80. Following the completion of the transaction, the executive vice president owned 4,018,547 shares in the company, valued at $613,391,014.08. The trade was a 4.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Mark A. Stevens sold 935,000 shares of NVIDIA stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $140.92, for a total transaction of $131,760,200.00. Following the sale, the director directly owned 9,214,697 shares of the company's stock, valued at approximately $1,298,535,101.24. This trade represents a 9.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,114,800 shares of company stock worth $760,553,003. 4.17% of the stock is currently owned by insiders.

NVIDIA Trading Down 0.1%

NVIDIA stock traded down $0.24 during trading on Friday, hitting $173.50. The company had a trading volume of 121,814,931 shares, compared to its average volume of 162,110,176. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $174.72. The company has a current ratio of 3.39, a quick ratio of 2.96 and a debt-to-equity ratio of 0.10. The company's 50 day simple moving average is $150.95 and its 200-day simple moving average is $130.86. The stock has a market cap of $4.23 trillion, a price-to-earnings ratio of 55.97, a price-to-earnings-growth ratio of 1.53 and a beta of 2.13.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its earnings results 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). NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The company had revenue of $44.06 billion during the quarter, compared to analyst estimates of $43.09 billion. During the same quarter last year, the business posted $0.61 EPS. The firm's revenue for the quarter was up 69.2% on a year-over-year basis. As a group, analysts expect that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th were paid a $0.01 dividend. The ex-dividend date of this dividend was Wednesday, June 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.02%. NVIDIA's dividend payout ratio (DPR) is 1.29%.

Wall Street Analysts Forecast Growth

NVDA has been the topic of a number of research analyst reports. Bank of America upped their target price on NVIDIA from $180.00 to $220.00 in a report on Wednesday, July 16th. Arete Research upgraded NVIDIA to a "strong-buy" rating in a research note on Wednesday, May 21st. Oppenheimer upped their price target on NVIDIA from $175.00 to $200.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 15th. Summit Insights upgraded NVIDIA from a "hold" rating to a "buy" rating in a research note on Thursday, May 29th. Finally, HSBC downgraded NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 price target on the stock. in a research note on Thursday, April 3rd. One 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 given a strong buy rating to the stock. According to data from MarketBeat, NVIDIA currently has an average rating of "Moderate Buy" and a consensus target price of $181.22.

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.