NVIDIA Corporation (NASDAQ:NVDA) Shares Sold by SFG Wealth Management LLC.

SFG Wealth Management LLC. cut its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 17.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,276 shares of the computer hardware maker's stock after selling 2,725 shares during the quarter. SFG Wealth Management LLC.'s holdings in NVIDIA were worth $1,439,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Virtus Wealth Solutions LLC increased its holdings in NVIDIA by 3.0% in the 1st quarter. Virtus Wealth Solutions LLC now owns 320,802 shares of the computer hardware maker's stock worth $34,768,000 after buying an additional 9,316 shares in the last quarter. KG&L Capital Management LLC increased its holdings in NVIDIA by 35.7% in the 1st quarter. KG&L Capital Management LLC now owns 78,450 shares of the computer hardware maker's stock worth $8,502,000 after buying an additional 20,633 shares in the last quarter. Balefire LLC increased its holdings in NVIDIA by 35.0% in the 1st quarter. Balefire LLC now owns 27,520 shares of the computer hardware maker's stock worth $2,983,000 after buying an additional 7,129 shares in the last quarter. KPP Advisory Services LLC increased its holdings in NVIDIA by 68.7% in the 1st quarter. KPP Advisory Services LLC now owns 72,732 shares of the computer hardware maker's stock worth $7,883,000 after buying an additional 29,620 shares in the last quarter. Finally, Madrona Financial Services LLC increased its holdings in NVIDIA by 12.9% in the 1st quarter. Madrona Financial Services LLC now owns 15,109 shares of the computer hardware maker's stock worth $1,638,000 after buying an additional 1,723 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors.

Insider Transactions at NVIDIA

In other NVIDIA news, CFO Colette Kress sold 27,650 shares of the business's stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $170.89, for a total transaction of $4,725,108.50. Following the transaction, the chief financial officer owned 2,984,516 shares of the company's stock, valued at approximately $510,023,939.24. The trade was a 0.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director A Brooke Seawell sold 48,792 shares of the business's stock in a transaction on Monday, July 14th. The stock was sold at an average price of $163.96, for a total value of $7,999,936.32. Following the transaction, the director directly owned 1,729,478 shares in the company, valued at $283,565,212.88. This trade represents a 2.74% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 4,964,800 shares of company stock valued at $734,906,003 over the last ninety days. Insiders own 4.17% of the company's stock.

NVIDIA Stock Down 0.3%

NVDA stock traded down $0.59 during trading on Friday, reaching $172.41. 145,724,125 shares of the company traded hands, compared to its average volume of 263,966,224. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $174.25. The business has a 50 day simple moving average of $146.99 and a 200 day simple moving average of $129.86. The company has a market capitalization of $4.21 trillion, a price-to-earnings ratio of 55.62, a price-to-earnings-growth ratio of 1.52 and a beta of 2.13. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.96 and a current ratio of 3.39.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.06). The firm had revenue of $44.06 billion during the quarter, compared to analysts' expectations of $43.09 billion. NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The company's revenue for the quarter was up 69.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.61 earnings per share. On average, equities research analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.02%. The ex-dividend date was Wednesday, June 11th. NVIDIA's payout ratio is currently 1.29%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on NVDA shares. Morgan Stanley restated an "overweight" rating and set a $170.00 price target (up from $160.00) on shares of NVIDIA in a research note on Thursday, May 29th. TD Cowen boosted their price objective on NVIDIA from $140.00 to $175.00 and gave the company a "buy" rating in a research note on Thursday, May 29th. Bank of America boosted their price objective on NVIDIA from $180.00 to $220.00 in a research note on Wednesday. The Goldman Sachs Group started coverage on NVIDIA in a research note on Thursday, July 10th. They set a "buy" rating and a $185.00 price objective for the company. Finally, Benchmark reiterated a "buy" rating and set a $190.00 price objective on shares of NVIDIA in a research note on Thursday, May 29th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, thirty-three have issued a buy rating and four have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $181.22.

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.