NVIDIA Corporation (NASDAQ:NVDA) Shares Sold by Single Point Partners LLC

Single Point Partners LLC lowered its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 46.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,560 shares of the computer hardware maker's stock after selling 2,185 shares during the quarter. Single Point Partners LLC's holdings in NVIDIA were worth $277,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in NVDA. Tacita Capital Inc acquired a new stake in NVIDIA in the fourth quarter valued at about $28,000. Vision Financial Markets LLC purchased a new position in shares of NVIDIA during the 4th quarter worth approximately $38,000. Luken Investment Analytics LLC acquired a new stake in shares of NVIDIA in the 4th quarter valued at approximately $40,000. Copia Wealth Management purchased a new stake in shares of NVIDIA in the fourth quarter valued at approximately $50,000. Finally, LSV Asset Management purchased a new stake in shares of NVIDIA in the fourth quarter valued at approximately $54,000. Institutional investors and hedge funds own 65.27% of the company's stock.

NVIDIA Trading Up 4.3%

Shares of NASDAQ NVDA traded up $6.41 on Wednesday, reaching $154.31. 268,029,699 shares of the company traded hands, compared to its average volume of 269,997,197. The stock has a market capitalization of $3.77 trillion, a PE ratio of 49.78, a P/E/G ratio of 1.27 and a beta of 2.12. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $154.98. The company has a current ratio of 3.39, a quick ratio of 2.96 and a debt-to-equity ratio of 0.10. The company has a 50 day moving average of $127.76 and a 200 day moving average of $126.59.

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

NVIDIA Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. The ex-dividend date of this dividend is Wednesday, June 11th. NVIDIA's dividend payout ratio (DPR) is presently 1.29%.

Insiders Place Their Bets

In other NVIDIA news, Director Robert K. Burgess sold 50,000 shares of the business's stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $134.82, for a total transaction of $6,741,000.00. Following the completion of the sale, the director now directly owns 201,044 shares in the company, valued at $27,104,752.08. The trade was a 19.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director A Brooke Seawell sold 55,282 shares of the stock in a transaction on Friday, June 20th. The stock was sold at an average price of $144.71, for a total transaction of $7,999,858.22. Following the completion of the sale, the director now directly owns 1,944,718 shares of the company's stock, valued at $281,420,141.78. The trade was a 2.76% decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,393,863 shares of company stock worth $483,709,832 over the last three months. 4.17% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have commented on NVDA shares. Loop Capital raised their target price on NVIDIA from $175.00 to $250.00 and gave the company a "buy" rating in a report on Wednesday. Seaport Res Ptn upgraded shares of NVIDIA to a "strong sell" rating in a research note on Wednesday, April 30th. DA Davidson boosted their price objective on shares of NVIDIA from $120.00 to $135.00 and gave the stock a "neutral" rating in a report on Thursday, May 29th. Citigroup restated a "buy" rating and set a $180.00 target price (up from $150.00) on shares of NVIDIA in a research report on Thursday, May 29th. Finally, Susquehanna reissued a "positive" rating and set a $180.00 price target on shares of NVIDIA in a research note on Wednesday, March 19th. One analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-four have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $175.78.

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.