S.A. Mason LLC Decreases Stock Position in NVIDIA Corporation (NASDAQ:NVDA)

S.A. Mason LLC decreased its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 2.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 82,905 shares of the computer hardware maker's stock after selling 1,806 shares during the quarter. NVIDIA comprises 4.7% of S.A. Mason LLC's holdings, making the stock its largest holding. S.A. Mason LLC's holdings in NVIDIA were worth $8,985,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Condor Capital Management increased its stake in NVIDIA by 3.6% in the fourth quarter. Condor Capital Management now owns 2,559 shares of the computer hardware maker's stock valued at $344,000 after purchasing an additional 89 shares during the period. Squire Investment Management Company LLC boosted its stake in shares of NVIDIA by 4.0% during the 4th quarter. Squire Investment Management Company LLC now owns 2,360 shares of the computer hardware maker's stock worth $317,000 after acquiring an additional 91 shares in the last quarter. Kelly Financial Services LLC increased its stake in NVIDIA by 2.0% in the 1st quarter. Kelly Financial Services LLC now owns 4,736 shares of the computer hardware maker's stock valued at $513,000 after purchasing an additional 94 shares in the last quarter. Macroview Investment Management LLC grew its stake in NVIDIA by 2.9% in the 4th quarter. Macroview Investment Management LLC now owns 3,434 shares of the computer hardware maker's stock valued at $461,000 after acquiring an additional 96 shares during the last quarter. Finally, Foundry Financial Group Inc. increased its stake in shares of NVIDIA by 2.2% during the 4th quarter. Foundry Financial Group Inc. now owns 4,387 shares of the computer hardware maker's stock worth $589,000 after purchasing an additional 96 shares in the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on NVDA shares. KeyCorp set a $190.00 target price on NVIDIA in a report on Wednesday, March 19th. DA Davidson raised their price target on shares of NVIDIA from $120.00 to $135.00 and gave the stock a "neutral" rating in a research report on Thursday, May 29th. Truist Financial increased their target price on shares of NVIDIA from $205.00 to $210.00 and gave the company a "buy" rating in a research report on Thursday, May 29th. Stifel Nicolaus set a $180.00 target price on NVIDIA in a report on Wednesday, March 19th. Finally, Needham & Company LLC boosted their price target on shares of NVIDIA from $160.00 to $200.00 and gave the company a "buy" rating in a report on Wednesday. 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 issued a strong buy rating to the company. According to MarketBeat, NVIDIA presently has an average rating of "Moderate Buy" and a consensus price target of $181.22.

NVIDIA Price Performance

NVIDIA stock traded up $1.88 during trading hours on Thursday, hitting $173.25. The stock had a trading volume of 112,001,786 shares, compared to its average volume of 264,793,087. The stock's fifty day moving average is $144.76 and its two-hundred day moving average is $129.39. 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 stock has a market capitalization of $4.23 trillion, a price-to-earnings ratio of 55.89, a PEG ratio of 1.51 and a beta of 2.13. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $174.12.

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

NVIDIA Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th were issued 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 was Wednesday, June 11th. NVIDIA's dividend payout ratio is currently 1.29%.

Insider Activity at NVIDIA

In other news, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction that occurred on Monday, July 14th. The stock was sold at an average price of $164.36, for a total value of $12,327,000.00. Following the completion of the sale, the chief executive officer directly owned 74,648,225 shares of the company's stock, valued at approximately $12,269,182,261. This represents a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director A Brooke Seawell sold 48,792 shares of the company's stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $163.96, for a total transaction of $7,999,936.32. Following the sale, the director directly owned 1,729,478 shares in the company, valued at $283,565,212.88. This represents a 2.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 4,767,150 shares of company stock valued at $701,030,045 over the last three months. Insiders own 4.17% of the company's stock.

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.