TCI Wealth Advisors Inc. trimmed its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 12.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 44,177 shares of the computer hardware maker's stock after selling 6,515 shares during the period. TCI Wealth Advisors Inc.'s holdings in NVIDIA were worth $4,788,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently modified their holdings of NVDA. Boston Trust Walden Corp boosted its position in shares of NVIDIA by 42.9% during the first quarter. Boston Trust Walden Corp now owns 780,012 shares of the computer hardware maker's stock valued at $84,538,000 after buying an additional 234,080 shares during the last quarter. Global X Japan Co. Ltd. boosted its position in shares of NVIDIA by 8.1% during the first quarter. Global X Japan Co. Ltd. now owns 356,955 shares of the computer hardware maker's stock valued at $38,687,000 after buying an additional 26,712 shares during the last quarter. Montz Harcus Wealth Management LLC boosted its position in shares of NVIDIA by 4.1% during the first quarter. Montz Harcus Wealth Management LLC now owns 19,223 shares of the computer hardware maker's stock valued at $2,083,000 after buying an additional 754 shares during the last quarter. WestHill Financial Advisors Inc. boosted its position in shares of NVIDIA by 1.8% during the first quarter. WestHill Financial Advisors Inc. now owns 9,523 shares of the computer hardware maker's stock valued at $1,032,000 after buying an additional 168 shares during the last quarter. Finally, Centennial Wealth Advisory LLC boosted its position in shares of NVIDIA by 7.5% during the first quarter. Centennial Wealth Advisory LLC now owns 24,446 shares of the computer hardware maker's stock valued at $2,649,000 after buying an additional 1,695 shares during the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at NVIDIA
In related news, Director A Brooke Seawell sold 50,514 shares of NVIDIA stock in a transaction on Monday, July 7th. The stock was sold at an average price of $158.37, for a total value of $7,999,902.18. Following the completion of the transaction, the director directly owned 1,974,784 shares in the company, valued at approximately $312,746,542.08. This trade represents a 2.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of the firm's stock in a transaction on Monday, July 7th. The shares were sold at an average price of $158.35, for a total value of $11,876,250.00. Following the completion of the sale, the chief executive officer owned 75,023,225 shares in the company, valued at approximately $11,879,927,678.75. This represents a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,296,844 shares of company stock valued at $624,019,677. Insiders own 4.17% of the company's stock.
Wall Street Analyst Weigh In
NVDA has been the topic of a number of recent research reports. Summit Insights raised NVIDIA from a "hold" rating to a "buy" rating in a report on Thursday, May 29th. Piper Sandler reissued an "overweight" rating and issued a $180.00 target price (up previously from $150.00) on shares of NVIDIA in a report on Wednesday, May 28th. Morgan Stanley reissued an "overweight" rating and issued a $170.00 target price (up previously from $160.00) on shares of NVIDIA in a report on Thursday, May 29th. Hsbc Global Res downgraded NVIDIA from a "strong-buy" rating to a "hold" rating in a research note on Thursday, April 3rd. Finally, Needham & Company LLC reiterated a "buy" rating and set a $160.00 target price on shares of NVIDIA in a research report on Thursday, May 29th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-four have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $176.47.
Read Our Latest Stock Analysis on NVDA
NVIDIA Stock Performance
Shares of NVDA traded up $1.15 during mid-day trading on Tuesday, reaching $159.39. The company had a trading volume of 20,862,588 shares, compared to its average volume of 266,889,734. The stock has a market capitalization of $3.89 trillion, a P/E ratio of 51.39, a PEG ratio of 1.41 and a beta of 2.13. The stock has a 50 day moving average of $137.37 and a two-hundred day moving average of $127.97. The company has a quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $160.98.
NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its 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 analyst estimates of $43.09 billion. During the same period in the previous year, the company earned $0.61 EPS. NVIDIA's revenue was up 69.2% compared to the same quarter last year. On average, analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current year.
NVIDIA Announces Dividend
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 $0.01 dividend. The ex-dividend date of this dividend was Wednesday, June 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. NVIDIA's dividend payout ratio is presently 1.29%.
NVIDIA Profile
(
Free Report)
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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