Wealthcare Advisory Partners LLC Sells 7,392 Shares of NVIDIA Corporation (NASDAQ:NVDA)

Wealthcare Advisory Partners LLC trimmed its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 1.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 413,133 shares of the computer hardware maker's stock after selling 7,392 shares during the period. NVIDIA comprises about 1.2% of Wealthcare Advisory Partners LLC's investment portfolio, making the stock its 15th largest position. Wealthcare Advisory Partners LLC's holdings in NVIDIA were worth $44,775,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Tacita Capital Inc purchased a new position in NVIDIA in the fourth quarter valued at approximately $28,000. Vision Financial Markets LLC purchased a new position in shares of NVIDIA during the 4th quarter valued at approximately $38,000. Luken Investment Analytics LLC acquired a new position in NVIDIA during the 4th quarter worth $40,000. Copia Wealth Management bought a new stake in NVIDIA in the fourth quarter valued at about $50,000. Finally, LSV Asset Management bought a new stake in shares of NVIDIA in the 4th quarter valued at approximately $54,000. 65.27% of the stock is owned by institutional investors and hedge funds.

NVIDIA Stock Up 2.6%

Shares of NVDA traded up $3.73 on Tuesday, hitting $147.90. The company's stock had a trading volume of 187,010,174 shares, compared to its average volume of 270,622,127. The firm's fifty day moving average price is $127.76 and its 200-day moving average price is $126.59. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $153.13. 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 firm has a market capitalization of $3.61 trillion, a price-to-earnings ratio of 47.71, a P/E/G ratio of 1.27 and a beta of 2.12.

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 during the quarter, compared to analyst estimates of $43.09 billion. During the same quarter last year, the company earned $0.61 EPS. The firm's quarterly revenue was up 69.2% compared to the same quarter last year. On average, equities research analysts expect that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. NVIDIA's dividend payout ratio is currently 1.29%.

Insider Buying and Selling

In related news, Director Mark A. Stevens sold 935,000 shares of the company's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $140.92, for a total transaction of $131,760,200.00. Following the sale, the director now owns 9,214,697 shares in the company, valued at approximately $1,298,535,101.24. This represents a 9.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Tench Coxe sold 1,000,000 shares of the stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $142.80, for a total value of $142,800,000.00. Following the transaction, the director now directly owns 26,671,360 shares of the company's stock, valued at $3,808,670,208. This trade represents a 3.61% 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 worth $483,709,832. 4.17% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently weighed in on NVDA. Rosenblatt Securities increased their price objective on shares of NVIDIA from $178.00 to $200.00 and gave the stock a "buy" rating in a research note on Thursday, May 29th. Morgan Stanley reissued an "overweight" rating and issued a $170.00 price target (up previously from $160.00) on shares of NVIDIA in a report on Thursday, May 29th. Citigroup restated a "buy" rating and set a $180.00 price objective (up previously from $150.00) on shares of NVIDIA in a research report on Thursday, May 29th. Cantor Fitzgerald restated an "overweight" rating and set a $200.00 price target on shares of NVIDIA in a research report on Wednesday, April 16th. Finally, William Blair reissued an "outperform" rating on shares of NVIDIA in a research note on Thursday, March 20th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, thirty-five have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $173.05.

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.