NVIDIA Corporation (NASDAQ:NVDA) Shares Sold by Richardson Capital Management LLC

Richardson Capital Management LLC reduced its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 3.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 60,416 shares of the computer hardware maker's stock after selling 1,963 shares during the period. NVIDIA comprises about 4.1% of Richardson Capital Management LLC's investment portfolio, making the stock its 5th biggest position. Richardson Capital Management LLC's holdings in NVIDIA were worth $6,548,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the business. Koshinski Asset Management Inc. boosted its position in shares of NVIDIA by 4.6% during the 1st quarter. Koshinski Asset Management Inc. now owns 120,570 shares of the computer hardware maker's stock valued at $13,067,000 after acquiring an additional 5,250 shares in the last quarter. J.Safra Asset Management Corp lifted its holdings in NVIDIA by 9.2% during the 1st quarter. J.Safra Asset Management Corp now owns 49,246 shares of the computer hardware maker's stock valued at $5,337,000 after purchasing an additional 4,143 shares during the last quarter. Morton Brown Family Wealth LLC lifted its holdings in NVIDIA by 17.6% during the 1st quarter. Morton Brown Family Wealth LLC now owns 3,870 shares of the computer hardware maker's stock valued at $419,000 after purchasing an additional 580 shares during the last quarter. G&S Capital LLC lifted its holdings in NVIDIA by 19.9% during the 1st quarter. G&S Capital LLC now owns 29,607 shares of the computer hardware maker's stock valued at $3,209,000 after purchasing an additional 4,914 shares during the last quarter. Finally, Essex LLC lifted its holdings in NVIDIA by 9.7% during the 1st quarter. Essex LLC now owns 36,813 shares of the computer hardware maker's stock valued at $3,990,000 after purchasing an additional 3,261 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on NVDA shares. Piper Sandler reissued an "overweight" rating and set a $180.00 price target (up from $150.00) on shares of NVIDIA in a report on Wednesday, May 28th. Cantor Fitzgerald reissued an "overweight" rating and set a $200.00 price target on shares of NVIDIA in a report on Wednesday, April 16th. UBS Group reissued a "buy" rating on shares of NVIDIA in a report on Friday, May 23rd. The Goldman Sachs Group started coverage on shares of NVIDIA in a report on Thursday, July 10th. They set a "buy" rating and a $185.00 price target for the company. Finally, Jefferies Financial Group lifted their price target on shares of NVIDIA from $185.00 to $200.00 in a report on Wednesday, July 16th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-three have issued a buy rating and four have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $181.22.

Insider Activity at NVIDIA

In other news, CEO Jen Hsun Huang sold 75,000 shares of the company's stock in a transaction that occurred on Wednesday, June 25th. The shares were 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 owned 75,548,225 shares in the company, valued at $11,524,126,241.50. This represents a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Tench Coxe sold 1,000,000 shares of the company's stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $142.80, for a total transaction of $142,800,000.00. Following the completion of the transaction, the director owned 26,671,360 shares of the company's stock, valued at $3,808,670,208. This trade represents a 3.61% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,264,800 shares of company stock worth $786,735,503 over the last ninety days. 4.17% of the stock is owned by corporate insiders.

NVIDIA Trading Up 1.9%

NASDAQ NVDA traded up $3.25 during trading on Monday, reaching $176.75. 139,407,827 shares of the stock traded hands, compared to its average volume of 155,064,304. The firm has a market cap of $4.31 trillion, a price-to-earnings ratio of 57.02, a price-to-earnings-growth ratio of 1.53 and a beta of 2.13. The stock's 50-day moving average price is $151.77 and its 200 day moving average price is $131.09. The company has a quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $177.00.

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

NVIDIA Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Investors 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 was Wednesday, June 11th. NVIDIA's dividend payout ratio is currently 1.29%.

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.