NVIDIA Corporation (NASDAQ:NVDA) Position Cut by Prairie Wealth Advisors Inc.

Prairie Wealth Advisors Inc. reduced its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 3.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 143,955 shares of the computer hardware maker's stock after selling 4,553 shares during the quarter. NVIDIA makes up approximately 7.7% of Prairie Wealth Advisors Inc.'s investment portfolio, making the stock its 2nd largest position. Prairie Wealth Advisors Inc.'s holdings in NVIDIA were worth $15,603,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. GSB Wealth Management LLC grew its holdings in NVIDIA by 3.3% in the 1st quarter. GSB Wealth Management LLC now owns 32,611 shares of the computer hardware maker's stock valued at $3,534,000 after buying an additional 1,043 shares in the last quarter. Variant Private Wealth LLC grew its holdings in NVIDIA by 20.6% in the 1st quarter. Variant Private Wealth LLC now owns 18,800 shares of the computer hardware maker's stock valued at $2,038,000 after buying an additional 3,206 shares in the last quarter. Financial Perspectives Inc grew its holdings in NVIDIA by 2.8% in the 1st quarter. Financial Perspectives Inc now owns 45,958 shares of the computer hardware maker's stock valued at $4,981,000 after buying an additional 1,265 shares in the last quarter. Hickory Point Bank & Trust purchased a new position in shares of NVIDIA during the 4th quarter worth $2,272,000. Finally, Pegasus Asset Management Inc. grew its holdings in shares of NVIDIA by 0.3% during the 1st quarter. Pegasus Asset Management Inc. now owns 76,750 shares of the computer hardware maker's stock worth $8,318,000 after purchasing an additional 197 shares during the period. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NVDA has been the subject of a number of research analyst reports. Susquehanna reiterated a "positive" rating and set a $180.00 price target on shares of NVIDIA in a report on Wednesday, March 19th. Citigroup increased their target price on NVIDIA from $180.00 to $190.00 and gave the stock a "buy" rating in a research note on Monday, July 7th. Benchmark reissued a "buy" rating and set a $190.00 target price on shares of NVIDIA in a research note on Thursday, May 29th. Bank of America increased their target price on NVIDIA from $150.00 to $160.00 and gave the stock a "buy" rating in a research note on Wednesday, May 14th. Finally, Cantor Fitzgerald reissued an "overweight" rating and set a $200.00 target price on shares of NVIDIA in a research note on Wednesday, April 16th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, thirty-four have assigned a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $177.03.

NVIDIA Stock Up 0.5%

Shares of NASDAQ NVDA traded up $0.82 during midday trading on Friday, hitting $164.92. 193,205,730 shares of the company's stock were exchanged, compared to its average volume of 266,042,149. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.39 and a quick ratio of 2.96. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $167.89. The company has a market cap of $4.02 trillion, a PE ratio of 53.20, a P/E/G ratio of 1.46 and a beta of 2.13. The firm's fifty day simple moving average is $141.53 and its 200-day simple moving average is $128.69.

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

NVIDIA Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend 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%.

Insider Activity

In related news, CEO Jen Hsun Huang sold 75,000 shares of the firm'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 transaction of $12,233,250.00. Following the transaction, the chief executive officer owned 74,873,225 shares in the company, valued at $12,212,571,729.75. This trade represents a 0.10% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director A Brooke Seawell sold 49,131 shares of the firm'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 value of $8,000,000.73. Following the transaction, the director owned 1,826,382 shares in the company, valued at $297,389,781.06. This represents a 2.62% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,520,246 shares of company stock worth $660,253,045 in the last three months. Corporate insiders own 4.17% of the company's stock.

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.