NVIDIA Corporation (NASDAQ:NVDA) is Vanguard Capital Wealth Advisors' 3rd Largest Position

Vanguard Capital Wealth Advisors lessened its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 10.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,676 shares of the computer hardware maker's stock after selling 6,342 shares during the quarter. NVIDIA comprises 7.0% of Vanguard Capital Wealth Advisors' investment portfolio, making the stock its 3rd biggest holding. Vanguard Capital Wealth Advisors' holdings in NVIDIA were worth $5,709,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in NVDA. Tacita Capital Inc acquired a new stake in shares of NVIDIA in the 4th quarter worth about $28,000. Vision Financial Markets LLC acquired a new stake in shares of NVIDIA in the 4th quarter worth about $38,000. Luken Investment Analytics LLC acquired a new stake in shares of NVIDIA in the 4th quarter worth about $40,000. Copia Wealth Management purchased a new stake in NVIDIA in the 4th quarter valued at about $50,000. Finally, LSV Asset Management purchased a new stake in NVIDIA in the 4th quarter valued at about $54,000. Institutional investors own 65.27% of the company's stock.

NVIDIA Price Performance

Shares of NVDA traded up $0.32 during mid-day trading on Monday, reaching $144.17. 151,059,400 shares of the stock traded hands, compared to its average volume of 271,774,770. The firm has a fifty day moving average price of $126.37 and a 200 day moving average price of $126.43. The company has a market cap of $3.52 trillion, a price-to-earnings ratio of 46.51, a price-to-earnings-growth ratio of 1.27 and a beta of 2.12. The company has a current ratio of 3.39, a quick ratio of 2.96 and a debt-to-equity ratio of 0.10. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $153.13.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly 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). The firm 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 firm's revenue for the quarter was up 69.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.61 earnings per share. As a group, equities research analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th will be given a $0.01 dividend. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $0.04 annualized dividend and a yield of 0.03%. NVIDIA's dividend payout ratio (DPR) is presently 1.29%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Benchmark reiterated a "buy" rating and issued a $190.00 price objective on shares of NVIDIA in a research note on Thursday, May 29th. Summit Insights upgraded shares of NVIDIA from a "hold" rating to a "buy" rating in a research note on Thursday, May 29th. Susquehanna reiterated a "positive" rating and issued a $180.00 price objective on shares of NVIDIA in a research note on Wednesday, March 19th. Oppenheimer reiterated an "outperform" rating and issued a $175.00 price objective on shares of NVIDIA in a research note on Monday, June 16th. Finally, Barclays increased their target price 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. One investment analyst has rated the stock with a sell rating, four have given a hold rating, thirty-five have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $173.05.

Insider Buying and Selling

In other NVIDIA news, Director Mark A. Stevens sold 125,836 shares of the company's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $137.79, for a total transaction of $17,338,942.44. Following the completion of the sale, the director now directly owns 10,149,697 shares in the company, valued at $1,398,526,749.63. This represents a 1.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Robert K. Burgess sold 50,000 shares of the stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $134.82, for a total transaction of $6,741,000.00. Following the sale, the director now owns 201,044 shares of the company's stock, valued at approximately $27,104,752.08. This represents a 19.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,228,433 shares of company stock worth $459,710,171. Corporate insiders own 4.17% of the company's stock.

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.