Xponance Inc. Has $631.83 Million Position in NVIDIA Corporation (NASDAQ:NVDA)

Xponance Inc. decreased its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 0.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,829,718 shares of the computer hardware maker's stock after selling 27,388 shares during the quarter. NVIDIA accounts for approximately 6.1% of Xponance Inc.'s holdings, making the stock its 3rd biggest position. Xponance Inc.'s holdings in NVIDIA were worth $631,825,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Tacita Capital Inc acquired a new position in NVIDIA during the fourth quarter valued at approximately $28,000. Vision Financial Markets LLC acquired a new stake in NVIDIA during the 4th quarter valued at $38,000. Copia Wealth Management acquired a new position in shares of NVIDIA during the fourth quarter worth approximately $50,000. LSV Asset Management acquired a new stake in NVIDIA in the fourth quarter worth about $54,000. Finally, Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of NVIDIA during the first quarter worth $51,000. Institutional investors and hedge funds own 65.27% of the company's stock.

Insider Transactions at NVIDIA

In related news, Director Tench Coxe sold 1,000,000 shares of the firm's stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $142.80, for a total transaction of $142,800,000.00. Following the completion of the transaction, the director owned 26,671,360 shares of the company's stock, valued at $3,808,670,208. This trade represents a 3.61% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Ajay K. Puri sold 168,195 shares of the firm's stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $152.64, for a total transaction of $25,673,284.80. Following the sale, the executive vice president directly owned 4,018,547 shares of the company's stock, valued at $613,391,014.08. This trade represents a 4.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,537,440 shares of company stock worth $835,035,782 over the last quarter. Insiders own 4.17% of the company's stock.

NVIDIA Stock Performance

Shares of NVDA opened at $179.42 on Thursday. 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 Corporation has a 52-week low of $86.62 and a 52-week high of $183.30. The stock has a market capitalization of $4.38 trillion, a price-to-earnings ratio of 57.88, a price-to-earnings-growth ratio of 1.57 and a beta of 2.14. The stock's 50-day simple moving average is $158.02 and its 200 day simple moving average is $133.22.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings data 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). NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The company had revenue of $44.06 billion for the quarter, compared to the consensus estimate of $43.09 billion. During the same period in the prior year, the firm posted $0.61 earnings per share. The business's revenue was up 69.2% on a year-over-year basis. Research analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The company also recently announced 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. The ex-dividend date was Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. NVIDIA's dividend payout ratio is 1.29%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on NVDA. Rosenblatt Securities increased their target price on NVIDIA from $178.00 to $200.00 and gave the stock a "buy" rating in a research note on Thursday, May 29th. Arete Research upgraded NVIDIA to a "strong-buy" rating in a research note on Wednesday, May 21st. Bank of America boosted their target price on shares of NVIDIA from $180.00 to $220.00 in a research report on Wednesday, July 16th. Needham & Company LLC boosted their price objective on NVIDIA from $160.00 to $200.00 and gave the stock a "buy" rating in a research report on Wednesday, July 16th. Finally, The Goldman Sachs Group assumed coverage on NVIDIA in a report on Thursday, July 10th. They issued a "buy" rating and a $185.00 target price on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating, thirty-two have given a buy rating and four have assigned a strong buy rating to the company. Based on data from MarketBeat, NVIDIA currently has an average rating of "Moderate Buy" and an average target price of $183.75.

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.

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