Waverton Investment Management Ltd Cuts Holdings in NVIDIA Corporation (NASDAQ:NVDA)

Waverton Investment Management Ltd reduced its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 11.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,940 shares of the computer hardware maker's stock after selling 2,314 shares during the quarter. Waverton Investment Management Ltd's holdings in NVIDIA were worth $1,951,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Centerpoint Advisory Group boosted its stake in NVIDIA by 2.5% in the 1st quarter. Centerpoint Advisory Group now owns 39,398 shares of the computer hardware maker's stock worth $4,270,000 after purchasing an additional 943 shares during the period. GSB Wealth Management LLC lifted its stake in NVIDIA by 3.3% in the 1st quarter. GSB Wealth Management LLC now owns 32,611 shares of the computer hardware maker's stock valued at $3,534,000 after purchasing an additional 1,043 shares during the last quarter. Variant Private Wealth LLC raised its stake in shares of NVIDIA by 20.6% during the first quarter. Variant Private Wealth LLC now owns 18,800 shares of the computer hardware maker's stock valued at $2,038,000 after acquiring an additional 3,206 shares during the last quarter. Financial Perspectives Inc raised its stake in NVIDIA by 2.8% during the first quarter. Financial Perspectives Inc now owns 45,958 shares of the computer hardware maker's stock worth $4,981,000 after buying an additional 1,265 shares during the last quarter. Finally, Hickory Point Bank & Trust acquired a new stake in NVIDIA in the fourth quarter worth $2,272,000. 65.27% of the stock is owned by institutional investors and hedge funds.

NVIDIA Trading Down 1.8%

NASDAQ NVDA traded down $3.08 on Tuesday, reaching $168.30. The company had a trading volume of 133,105,146 shares, compared to its average volume of 262,897,397. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $174.25. The company has a quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10. The stock's 50 day moving average is $146.99 and its 200-day moving average is $129.81. The stock has a market cap of $4.11 trillion, a price-to-earnings ratio of 54.21, a PEG ratio of 1.52 and a beta of 2.13.

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 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 business had revenue of $44.06 billion during the quarter, compared to analyst estimates of $43.09 billion. During the same period in the prior year, the business posted $0.61 EPS. The company's revenue for the quarter was up 69.2% compared to the same quarter last year. Equities analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.02%. The ex-dividend date was Wednesday, June 11th. NVIDIA's dividend payout ratio is currently 1.29%.

Insiders Place Their Bets

In related news, CFO Colette Kress sold 20,000 shares of the company's stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $170.88, for a total value of $3,417,600.00. Following the transaction, the chief financial officer owned 163,060 shares in the company, valued at approximately $27,863,692.80. This represents a 10.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director A Brooke Seawell sold 48,792 shares of the stock in a transaction on Monday, July 14th. The stock was sold at an average price of $163.96, for a total value of $7,999,936.32. Following the completion of the sale, the director owned 1,729,478 shares in the company, valued at $283,565,212.88. This trade represents a 2.74% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,964,800 shares of company stock valued at $734,906,003. Corporate insiders own 4.17% of the company's stock.

Analyst Ratings Changes

A number of research firms have weighed in on NVDA. HSBC cut shares of NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 target price on the stock. in a research note on Thursday, April 3rd. Needham & Company LLC increased their price target on shares of NVIDIA from $160.00 to $200.00 and gave the company a "buy" rating in a research report on Wednesday, July 16th. Summit Insights raised shares of NVIDIA from a "hold" rating to a "buy" rating in a research report on Thursday, May 29th. Hsbc Global Res cut shares of NVIDIA from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 3rd. Finally, Raymond James Financial lifted their price target on shares of NVIDIA from $150.00 to $165.00 and gave the stock a "strong-buy" rating in a research note on Thursday, May 29th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-three have assigned a buy rating and four have issued a strong buy rating to the company. Based on data from MarketBeat.com, NVIDIA presently has a consensus rating of "Moderate Buy" and an average price target of $181.22.

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.