Seros Financial LLC Sells 1,907 Shares of NVIDIA Corporation (NASDAQ:NVDA)

Seros Financial LLC lessened its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 12.9% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,913 shares of the computer hardware maker's stock after selling 1,907 shares during the quarter. NVIDIA comprises 1.0% of Seros Financial LLC's portfolio, making the stock its 18th largest holding. Seros Financial LLC's holdings in NVIDIA were worth $1,400,000 as of its most recent filing with the Securities & Exchange Commission.

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

Wall Street Analyst Weigh In

Several research firms recently issued reports on NVDA. Citigroup reissued a "buy" rating and set a $180.00 price objective (up previously from $150.00) on shares of NVIDIA in a research note on Thursday, May 29th. Seaport Res Ptn raised NVIDIA to a "strong sell" rating in a report on Wednesday, April 30th. Wedbush reissued an "outperform" rating on shares of NVIDIA in a report on Thursday, May 29th. Summit Insights upgraded shares of NVIDIA from a "hold" rating to a "buy" rating in a research report on Thursday, May 29th. Finally, Oppenheimer restated an "outperform" rating and set a $175.00 price target on shares of NVIDIA in a research report on Monday, June 16th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-four have given a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, NVIDIA presently has a consensus rating of "Moderate Buy" and a consensus price target of $175.78.

Insider Activity at NVIDIA

In related news, CEO Jen Hsun Huang sold 50,000 shares of the stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $144.26, for a total transaction of $7,213,000.00. Following the transaction, the chief executive officer now owns 75,723,225 shares in the company, valued at $10,923,832,438.50. This represents a 0.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Ajay K. Puri sold 168,195 shares of the stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $152.64, for a total transaction of $25,673,284.80. Following the transaction, the executive vice president now owns 4,018,547 shares in the company, valued at approximately $613,391,014.08. This trade represents a 4.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,792,267 shares of company stock worth $544,823,117 over the last quarter. Company insiders own 4.17% of the company's stock.

NVIDIA Trading Up 1.8%

NASDAQ:NVDA opened at $157.75 on Friday. The company's 50 day moving average price is $130.96 and its 200-day moving average price is $127.05. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $158.71. The company has a quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10. The stock has a market cap of $3.85 trillion, a price-to-earnings ratio of 50.89, a PEG ratio of 1.37 and a beta of 2.12.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted 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). NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The firm had revenue of $44.06 billion for the quarter, compared to analysts' expectations of $43.09 billion. During the same quarter in the previous year, the company earned $0.61 EPS. The company's quarterly revenue was up 69.2% compared to the same quarter last year. On average, equities research analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th will be given a dividend of $0.01 per share. The ex-dividend date is Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. NVIDIA's dividend payout ratio (DPR) is 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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