NVIDIA Corporation (NASDAQ:NVDA) Shares Sold by Waverton Investment Management Ltd

Waverton Investment Management Ltd reduced its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 11.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,940 shares of the computer hardware maker's stock after selling 2,314 shares during the period. Waverton Investment Management Ltd's holdings in NVIDIA were worth $1,951,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of NVDA. Quilter Plc grew its holdings in NVIDIA by 19.6% during the first quarter. Quilter Plc now owns 2,091,332 shares of the computer hardware maker's stock worth $226,659,000 after acquiring an additional 342,716 shares during the period. Madison Park Capital Advisors LLC grew its holdings in NVIDIA by 9.8% during the first quarter. Madison Park Capital Advisors LLC now owns 4,436 shares of the computer hardware maker's stock worth $481,000 after acquiring an additional 396 shares during the period. Border to Coast Pensions Partnership Ltd grew its holdings in NVIDIA by 5.1% during the first quarter. Border to Coast Pensions Partnership Ltd now owns 2,422,011 shares of the computer hardware maker's stock worth $262,498,000 after acquiring an additional 116,974 shares during the period. Legacy CG LLC grew its holdings in NVIDIA by 7.6% during the first quarter. Legacy CG LLC now owns 48,236 shares of the computer hardware maker's stock worth $5,228,000 after acquiring an additional 3,412 shares during the period. Finally, Canvas Wealth Advisors LLC grew its holdings in NVIDIA by 52.2% during the first quarter. Canvas Wealth Advisors LLC now owns 120,365 shares of the computer hardware maker's stock worth $11,903,000 after acquiring an additional 41,298 shares during the period. 65.27% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at NVIDIA

In related news, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $169.54, for a total value of $12,715,500.00. Following the transaction, the chief executive officer owned 74,123,225 shares in the company, valued at approximately $12,566,851,566.50. This trade represents a 0.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director A Brooke Seawell sold 48,792 shares of NVIDIA stock in a transaction on Monday, July 14th. The shares were sold at an average price of $163.96, for a total value of $7,999,936.32. Following the completion of the transaction, the director owned 1,729,478 shares in the company, valued at $283,565,212.88. The trade was a 2.74% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,114,800 shares of company stock worth $760,553,003 over the last quarter. 4.17% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on NVDA. Mizuho set a $192.00 price target on NVIDIA and gave the stock an "outperform" rating in a research report on Tuesday, July 15th. Phillip Securities upgraded NVIDIA from a "moderate buy" rating to a "strong-buy" rating in a research report on Monday, July 14th. Barclays increased their price target on NVIDIA from $170.00 to $200.00 and gave the stock an "overweight" rating in a research report on Tuesday, June 17th. Oppenheimer raised their target price on NVIDIA from $175.00 to $200.00 and gave the company an "outperform" rating in a research report on Tuesday, July 15th. Finally, Truist Financial raised their target price on NVIDIA from $205.00 to $210.00 and gave the company a "buy" rating in a research report on Thursday, May 29th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-three have issued a buy rating and four have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $181.22.

NVIDIA Stock Performance

NVDA traded up $3.75 during trading on Wednesday, reaching $170.78. The company's stock had a trading volume of 152,871,674 shares, compared to its average volume of 263,063,842. The company has a market capitalization of $4.17 trillion, a price-to-earnings ratio of 55.09, a price-to-earnings-growth ratio of 1.47 and a beta of 2.13. The company's fifty day moving average price is $149.41 and its 200-day moving average price is $130.53. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $174.25. 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 issued its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 return on equity of 105.09% and a net margin of 51.69%. The business's quarterly revenue was up 69.2% on a year-over-year basis. During the same period last year, the company posted $0.61 earnings per share. On average, equities analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th were issued 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 of this dividend was Wednesday, June 11th. NVIDIA's dividend payout ratio (DPR) 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.