SkyOak Wealth LLC Has $3.44 Million Holdings in NVIDIA Corporation (NASDAQ:NVDA)

SkyOak Wealth LLC lessened its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 5.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 31,760 shares of the computer hardware maker's stock after selling 1,757 shares during the period. SkyOak Wealth LLC's holdings in NVIDIA were worth $3,442,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of NVDA. Vision Financial Markets LLC purchased a new position in shares of NVIDIA during the fourth quarter valued at about $38,000. Copia Wealth Management purchased a new stake in NVIDIA in the 4th quarter worth $50,000. Barnes Dennig Private Wealth Management LLC purchased a new stake in NVIDIA during the first quarter valued at $51,000. Bruce G. Allen Investments LLC grew its position in 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 acquiring an additional 327 shares in the last quarter. Finally, LSV Asset Management purchased a new position in NVIDIA during the 4th quarter worth $54,000. Institutional investors and hedge funds own 65.27% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on NVDA shares. Needham & Company LLC upped their price target on NVIDIA from $160.00 to $200.00 and gave the company a "buy" rating in a research report on Wednesday, July 16th. Piper Sandler reaffirmed 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. The Goldman Sachs Group began coverage on shares of NVIDIA in a research report on Thursday, July 10th. They issued a "buy" rating and a $185.00 price objective on the stock. Phillip Securities raised shares of NVIDIA from a "moderate buy" rating to a "strong-buy" rating in a research report on Monday, July 14th. Finally, UBS Group reissued a "buy" rating on shares of NVIDIA in a research report on Friday, May 23rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-two have issued a buy rating and four have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $183.75.

NVIDIA Stock Performance

NVDA opened at $180.77 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.96 and a current ratio of 3.39. The stock has a market capitalization of $4.41 trillion, a price-to-earnings ratio of 58.31, a PEG ratio of 1.58 and a beta of 2.14. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $183.88. The company has a fifty day moving average of $158.85 and a 200 day moving average of $133.52.

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 (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 the consensus estimate of $43.09 billion. NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. NVIDIA's quarterly revenue was up 69.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.61 EPS. As a group, sell-side analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th were given a $0.01 dividend. The ex-dividend date of this dividend was Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. NVIDIA's dividend payout ratio is currently 1.29%.

Insider Buying and Selling

In related news, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction on Monday, August 4th. The stock was sold at an average price of $178.16, for a total transaction of $13,362,000.00. Following the completion of the sale, the chief executive officer directly owned 73,523,225 shares of the company's stock, valued at $13,098,897,766. This trade represents a 0.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Colette Kress sold 27,640 shares of the stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $178.06, for a total transaction of $4,921,578.40. Following the completion of the sale, the chief financial officer owned 2,956,876 shares in the company, valued at $526,501,340.56. This represents a 0.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 5,537,440 shares of company stock worth $835,035,782. Insiders own 4.17% of the company's stock.

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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