NVIDIA Corporation (NASDAQ:NVDA) is Synergy Asset Management LLC's 5th Largest Position

Synergy Asset Management LLC lessened its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 48.2% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 294,490 shares of the computer hardware maker's stock after selling 274,208 shares during the quarter. NVIDIA makes up about 4.0% of Synergy Asset Management LLC's portfolio, making the stock its 5th biggest holding. Synergy Asset Management LLC's holdings in NVIDIA were worth $31,917,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Tacita Capital Inc acquired a new position in shares of NVIDIA during the 4th quarter valued at about $28,000. Vision Financial Markets LLC acquired a new position in shares of NVIDIA during the 4th quarter valued at about $38,000. Copia Wealth Management acquired a new position in shares of NVIDIA during the 4th quarter valued at about $50,000. LSV Asset Management acquired a new position in shares of NVIDIA during the 4th quarter valued at about $54,000. Finally, Bruce G. Allen Investments LLC boosted its position in shares of NVIDIA by 198.2% during the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock valued at $53,000 after acquiring an additional 327 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.

Insider Buying and Selling at NVIDIA

In related news, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction on Wednesday, July 9th. The stock was sold at an average price of $163.11, for a total transaction of $12,233,250.00. Following the completion of the sale, the chief executive officer directly owned 74,873,225 shares of the company's stock, valued at $12,212,571,729.75. 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, Director A Brooke Seawell sold 49,131 shares of the stock in a transaction on Thursday, July 10th. The stock was sold at an average price of $162.83, for a total value of $8,000,000.73. Following the sale, the director directly owned 1,826,382 shares of the company's stock, valued at approximately $297,389,781.06. This represents a 2.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,520,246 shares of company stock valued at $660,253,045. Corporate insiders own 4.17% of the company's stock.

NVIDIA Stock Performance

Shares of NVDA traded up $0.82 during mid-day trading on Friday, reaching $164.92. 193,205,730 shares of the company's stock were exchanged, compared to its average volume of 266,417,627. 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 $4.02 trillion, a PE ratio of 53.20, a price-to-earnings-growth ratio of 1.44 and a beta of 2.13. The business's fifty day simple moving average is $140.52 and its 200-day simple moving average is $128.60. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $167.84.

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

NVIDIA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Investors 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 presently 1.29%.

Analyst Ratings Changes

Several brokerages have recently weighed in on NVDA. Barclays boosted their price target on shares of NVIDIA from $170.00 to $200.00 and gave the company an "overweight" rating in a research report on Tuesday, June 17th. Arete Research raised shares of NVIDIA to a "strong-buy" rating in a research report on Wednesday, May 21st. UBS Group reaffirmed a "buy" rating on shares of NVIDIA in a research report on Friday, May 23rd. KeyCorp set a $190.00 target price on shares of NVIDIA in a research report on Wednesday, March 19th. Finally, TD Cowen upped their target price on shares of NVIDIA from $140.00 to $175.00 and gave the company a "buy" rating in a research report on Thursday, May 29th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, thirty-four have assigned a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, NVIDIA has an average rating of "Moderate Buy" and a consensus target price of $177.03.

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.