NVIDIA Corporation (NASDAQ:NVDA) Stake Cut by TrueMark Investments LLC

TrueMark Investments LLC lowered its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 15.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 23,516 shares of the computer hardware maker's stock after selling 4,404 shares during the quarter. TrueMark Investments LLC's holdings in NVIDIA were worth $2,549,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Encompass Wealth Advisors LLC raised its stake in shares of NVIDIA by 1.5% during the 1st quarter. Encompass Wealth Advisors LLC now owns 12,485 shares of the computer hardware maker's stock worth $1,353,000 after buying an additional 182 shares during the last quarter. Friday Financial raised its stake in shares of NVIDIA by 42.9% during the 1st quarter. Friday Financial now owns 3,572 shares of the computer hardware maker's stock worth $394,000 after buying an additional 1,072 shares during the last quarter. Pennsylvania Capital Management Inc. ADV raised its stake in shares of NVIDIA by 3.6% during the 1st quarter. Pennsylvania Capital Management Inc. ADV now owns 109,753 shares of the computer hardware maker's stock worth $11,895,000 after buying an additional 3,825 shares during the last quarter. Live Oak Private Wealth LLC raised its stake in shares of NVIDIA by 5.2% during the 1st quarter. Live Oak Private Wealth LLC now owns 9,063 shares of the computer hardware maker's stock worth $982,000 after buying an additional 444 shares during the last quarter. Finally, Jericho Financial LLP raised its stake in shares of NVIDIA by 8.3% during the 1st quarter. Jericho Financial LLP now owns 46,703 shares of the computer hardware maker's stock worth $5,062,000 after buying an additional 3,594 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

Insiders Place Their Bets

In other news, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $152.54, for a total transaction of $11,440,500.00. Following the completion of the transaction, the chief executive officer directly owned 75,548,225 shares in the company, valued at approximately $11,524,126,241.50. This represents a 0.10% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Mark A. Stevens sold 935,000 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $140.92, for a total value of $131,760,200.00. Following the transaction, the director owned 9,214,697 shares of the company's stock, valued at approximately $1,298,535,101.24. This trade represents a 9.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 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.

Analyst Ratings Changes

Several research analysts have recently issued reports on NVDA shares. Seaport Res Ptn raised NVIDIA to a "strong sell" rating in a research note on Wednesday, April 30th. Rosenblatt Securities lifted their price target on NVIDIA from $178.00 to $200.00 and gave the stock a "buy" rating in a research note 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. Arete Research raised NVIDIA to a "strong-buy" rating in a research note on Wednesday, May 21st. Finally, Benchmark reissued a "buy" rating and issued a $190.00 target price on shares of NVIDIA in a research note on Thursday, May 29th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-four have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $177.03.

NVIDIA Stock Up 0.5%

NASDAQ NVDA traded up $0.82 on Friday, reaching $164.92. The company had a trading volume of 193,205,730 shares, compared to its average volume of 266,042,149. The firm has a market capitalization of $4.02 trillion, a PE ratio of 53.20, a P/E/G ratio of 1.46 and a beta of 2.13. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $167.89. The firm has a 50-day moving average of $141.53 and a 200-day moving average of $128.69. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.39 and a quick ratio of 2.96.

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

NVIDIA Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th were paid 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 (DPR) is currently 1.29%.

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.