Perpetual Ltd Sells 136,977 Shares of NVIDIA Corporation (NASDAQ:NVDA)

Perpetual Ltd lessened its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 12.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 957,318 shares of the computer hardware maker's stock after selling 136,977 shares during the period. NVIDIA accounts for approximately 1.3% of Perpetual Ltd's holdings, making the stock its 25th biggest position. Perpetual Ltd's holdings in NVIDIA were worth $103,754,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Norges Bank bought a new position in NVIDIA in the 4th quarter worth about $43,515,504,000. GAMMA Investing LLC boosted its stake 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 worth $5,293,039,000 after purchasing an additional 48,439,859 shares in the last quarter. Northern Trust Corp boosted its stake 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 worth $35,782,134,000 after purchasing an additional 36,266,817 shares in the last quarter. Proficio Capital Partners LLC boosted its stake in NVIDIA by 14,641.2% in the 4th quarter. Proficio Capital Partners LLC now owns 34,676,316 shares of the computer hardware maker's stock worth $4,656,682,000 after purchasing an additional 34,441,082 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in NVIDIA by 204.6% in 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 in the last quarter. Institutional investors own 65.27% of the company's stock.

Insider Buying and Selling at NVIDIA

In related news, EVP Ajay K. Puri sold 168,195 shares of the firm'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 directly owned 4,018,547 shares of the company's stock, valued at approximately $613,391,014.08. This trade represents a 4.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $152.54, for a total transaction of $11,440,500.00. Following the transaction, the chief executive officer directly owned 75,548,225 shares of the company's stock, valued at $11,524,126,241.50. The trade was a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,964,800 shares of company stock valued at $734,906,003. 4.17% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Mizuho set a $192.00 price target on shares of NVIDIA and gave the stock an "outperform" rating in a research note on Tuesday. The Goldman Sachs Group assumed coverage on NVIDIA in a research report on Thursday, July 10th. They issued a "buy" rating and a $185.00 target price for the company. Oppenheimer boosted their target price on NVIDIA from $175.00 to $200.00 and gave the stock an "outperform" rating in a research report on Tuesday. Jefferies Financial Group boosted their target price on NVIDIA from $185.00 to $200.00 in a research report on Wednesday. Finally, Barclays boosted their target price on NVIDIA from $170.00 to $200.00 and gave the stock an "overweight" rating in a research report on Tuesday, June 17th. One research analyst has rated the stock with a sell rating, four have given a hold rating, thirty-three have given a buy rating and four have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $181.22.

NVIDIA Trading Down 0.3%

NVIDIA stock opened at $172.41 on Friday. The firm has a 50 day moving average of $146.99 and a 200 day moving average of $129.90. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $174.25. 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 firm has a market capitalization of $4.21 trillion, a price-to-earnings ratio of 55.62, a P/E/G ratio of 1.52 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 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 during the quarter, compared to analysts' expectations of $43.09 billion. During the same period last year, the business posted $0.61 earnings per share. The company's revenue for the quarter was up 69.2% compared to the same quarter last year. As a group, research analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 0.02%. The ex-dividend date of this dividend was Wednesday, June 11th. NVIDIA's dividend payout ratio (DPR) is presently 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.

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