Valmark Advisers Inc. Sells 13,721 Shares of NVIDIA Corporation (NASDAQ:NVDA)

Valmark Advisers Inc. lowered its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 11.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 108,354 shares of the computer hardware maker's stock after selling 13,721 shares during the period. Valmark Advisers Inc.'s holdings in NVIDIA were worth $11,743,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in NVDA. Tacita Capital Inc bought a new stake in shares of NVIDIA during the 4th quarter valued at $28,000. Vision Financial Markets LLC purchased a new position in shares of NVIDIA in the 4th quarter worth about $38,000. Copia Wealth Management purchased a new position in shares of NVIDIA in the 4th quarter worth about $50,000. LSV Asset Management purchased a new position in shares of NVIDIA in the 4th quarter worth about $54,000. Finally, Bruce G. Allen Investments LLC raised its position in shares of NVIDIA by 198.2% in the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock worth $53,000 after purchasing an additional 327 shares during the last quarter. Institutional investors own 65.27% of the company's stock.

Insider Buying and Selling at NVIDIA

In other NVIDIA 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 value of $12,233,250.00. Following the sale, the chief executive officer owned 74,873,225 shares in the company, valued at $12,212,571,729.75. This trade represents a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 completion of the sale, the director owned 1,826,382 shares in the company, valued at approximately $297,389,781.06. The trade was a 2.62% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,520,246 shares of company stock worth $660,253,045 in the last 90 days. 4.17% of the stock is currently owned by insiders.

NVIDIA Stock Up 0.5%

NASDAQ NVDA opened at $164.92 on Monday. The stock has a 50 day moving average price of $141.53 and a 200-day moving average price of $128.62. NVIDIA Corporation has a one year low of $86.62 and a one year high of $167.89. The company has a market capitalization of $4.02 trillion, a P/E ratio of 53.20, a P/E/G ratio of 1.46 and a beta of 2.13. 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 (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts' expectations of $43.09 billion. During the same quarter in the previous year, the company posted $0.61 EPS. The business's quarterly revenue was up 69.2% on a year-over-year basis. As a group, equities analysts predict that NVIDIA Corporation will post 2.77 EPS for the current fiscal 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 dividend of $0.01 per share. The ex-dividend date of this dividend was Wednesday, June 11th. This represents a $0.04 annualized dividend and a yield of 0.02%. NVIDIA's payout ratio is presently 1.29%.

Analyst Ratings Changes

A number of equities analysts have weighed in on NVDA shares. Truist Financial boosted their target price on NVIDIA from $205.00 to $210.00 and gave the stock a "buy" rating in a research report on Thursday, May 29th. Summit Insights raised NVIDIA from a "hold" rating to a "buy" rating in a research report on Thursday, May 29th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $200.00 price target on shares of NVIDIA in a research report on Wednesday, April 16th. HSBC lowered shares of NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 price target for the company. in a research report on Thursday, April 3rd. Finally, Stifel Nicolaus set a $180.00 price target on shares of NVIDIA in a research report on Wednesday, March 19th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-four have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, NVIDIA currently has a consensus rating of "Moderate Buy" and an average target price of $177.03.

NVIDIA Company 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.

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