Ulland Investment Advisors LLC Sells 29,080 Shares of NVIDIA Corporation (NASDAQ:NVDA)

Ulland Investment Advisors LLC lessened its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 27.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 75,887 shares of the computer hardware maker's stock after selling 29,080 shares during the quarter. NVIDIA makes up about 6.9% of Ulland Investment Advisors LLC's portfolio, making the stock its biggest position. Ulland Investment Advisors LLC's holdings in NVIDIA were worth $8,225,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Hickory Point Bank & Trust bought a new position in shares of NVIDIA during the 4th quarter worth approximately $2,272,000. BTC Capital Management Inc. boosted its stake in shares of NVIDIA by 2.3% during the 1st quarter. BTC Capital Management Inc. now owns 330,176 shares of the computer hardware maker's stock worth $35,785,000 after acquiring an additional 7,476 shares during the period. Capital Performance Advisors LLP boosted its stake in shares of NVIDIA by 59.3% during the 4th quarter. Capital Performance Advisors LLP now owns 26,700 shares of the computer hardware maker's stock worth $3,586,000 after acquiring an additional 9,944 shares during the period. Waddell & Associates LLC boosted its stake in shares of NVIDIA by 1.2% during the 4th quarter. Waddell & Associates LLC now owns 24,124 shares of the computer hardware maker's stock worth $3,240,000 after acquiring an additional 297 shares during the period. Finally, Strategy Asset Managers LLC boosted its stake in shares of NVIDIA by 0.8% during the 4th quarter. Strategy Asset Managers LLC now owns 52,307 shares of the computer hardware maker's stock worth $7,024,000 after acquiring an additional 405 shares during the period. Institutional investors and hedge funds own 65.27% of the company's stock.

Analysts Set New Price Targets

NVDA has been the subject of several research analyst reports. UBS Group reiterated a "buy" rating on shares of NVIDIA in a research note on Friday, May 23rd. KeyCorp set a $190.00 price target on NVIDIA in a research note on Wednesday, March 19th. William Blair restated an "outperform" rating on shares of NVIDIA in a research note on Thursday, March 20th. Tigress Financial restated a "buy" rating on shares of NVIDIA in a research note on Wednesday, February 26th. Finally, Piper Sandler restated an "overweight" rating and issued a $180.00 price target (up from $150.00) on shares of NVIDIA in a research note on Wednesday, May 28th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-four have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $175.78.

Insider Activity at NVIDIA

In related news, Director A Brooke Seawell sold 55,282 shares of the stock in a transaction that occurred 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 approximately $281,420,141.78. This trade represents a 2.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Colette Kress sold 20,000 shares of the business's stock in a transaction on Friday, June 20th. The shares were sold at an average price of $144.21, for a total value of $2,884,200.00. Following the completion of the sale, the chief financial officer now owns 173,060 shares in the company, valued at approximately $24,956,982.60. The trade was a 10.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 3,393,863 shares of company stock valued at $483,709,832. 4.17% of the stock is owned by insiders.

NVIDIA Stock Up 4.3%

Shares of NASDAQ:NVDA opened at $154.31 on Thursday. The business's 50 day simple moving average is $128.75 and its two-hundred day simple moving average is $126.78. The firm has a market cap of $3.77 trillion, a P/E ratio of 49.78, a PEG ratio of 1.31 and a beta of 2.12. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.96 and a current ratio of 3.39. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $154.45.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its 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 net margin of 51.69% and a return on equity of 105.09%. The company had revenue of $44.06 billion during the quarter, compared to the consensus estimate of $43.09 billion. During the same quarter in the prior year, the business earned $0.61 EPS. The firm's revenue for the quarter was up 69.2% compared to the same quarter last year. As a group, research analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Investors 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 dividend yield of 0.03%. The ex-dividend date of this dividend is Wednesday, June 11th. NVIDIA's payout ratio is 1.29%.

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.

Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Corporation (NASDAQ:NVDA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.