NVIDIA Co. (NASDAQ:NVDA) Shares Sold by Invera Wealth Advisors LLC

Invera Wealth Advisors LLC decreased its holdings in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 32.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,877 shares of the computer hardware maker's stock after selling 2,379 shares during the quarter. NVIDIA makes up approximately 3.4% of Invera Wealth Advisors LLC's holdings, making the stock its 10th biggest holding. Invera Wealth Advisors LLC's holdings in NVIDIA were worth $4,129,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the business. Brooklyn FI LLC lifted its position in shares of NVIDIA by 2.5% in the 1st quarter. Brooklyn FI LLC now owns 489 shares of the computer hardware maker's stock worth $442,000 after acquiring an additional 12 shares during the period. M. Kraus & Co raised its stake in shares of NVIDIA by 2.0% in the first quarter. M. Kraus & Co now owns 657 shares of the computer hardware maker's stock valued at $594,000 after purchasing an additional 13 shares in the last quarter. Sterling Financial Group Inc. lifted its position in NVIDIA by 0.9% in the first quarter. Sterling Financial Group Inc. now owns 1,452 shares of the computer hardware maker's stock worth $1,312,000 after purchasing an additional 13 shares during the period. VanderPol Investments L.L.C. boosted its stake in NVIDIA by 3.1% during the first quarter. VanderPol Investments L.L.C. now owns 465 shares of the computer hardware maker's stock worth $420,000 after buying an additional 14 shares in the last quarter. Finally, WFA Asset Management Corp increased its holdings in NVIDIA by 10.1% in the 1st quarter. WFA Asset Management Corp now owns 153 shares of the computer hardware maker's stock valued at $138,000 after buying an additional 14 shares during the period. Institutional investors own 65.27% of the company's stock.

Insider Activity at NVIDIA

In other NVIDIA news, Director Mark A. Stevens sold 5,000 shares of the firm's stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $800.74, for a total transaction of $4,003,700.00. Following the sale, the director now directly owns 1,119,583 shares in the company, valued at approximately $896,494,891.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Donald F. Robertson, Jr. sold 450 shares of the company's stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $911.62, for a total transaction of $410,229.00. Following the completion of the transaction, the insider now directly owns 49,815 shares of the company's stock, valued at $45,412,350.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mark A. Stevens sold 5,000 shares of NVIDIA stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $800.74, for a total value of $4,003,700.00. Following the completion of the sale, the director now directly owns 1,119,583 shares in the company, valued at approximately $896,494,891.42. The disclosure for this sale can be found here. In the last three months, insiders sold 61,278 shares of company stock worth $52,689,898. 3.99% of the stock is owned by company insiders.

NVIDIA Trading Up 0.0 %

NASDAQ NVDA traded up $0.22 during trading on Monday, reaching $877.57. 38,801,024 shares of the stock traded hands, compared to its average volume of 52,003,020. The stock's 50-day moving average price is $857.43 and its 200 day moving average price is $640.64. The company has a quick ratio of 3.67, a current ratio of 4.17 and a debt-to-equity ratio of 0.20. The firm has a market cap of $2.19 trillion, a price-to-earnings ratio of 73.50, a price-to-earnings-growth ratio of 1.26 and a beta of 1.73. NVIDIA Co. has a fifty-two week low of $272.40 and a fifty-two week high of $974.00.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.21 by $0.95. The company had revenue of $22.10 billion during the quarter, compared to analyst estimates of $20.40 billion. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The firm's revenue was up 265.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.65 EPS. Analysts predict that NVIDIA Co. will post 22.55 EPS for the current year.

NVIDIA Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 6th were issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.02%. The ex-dividend date was Tuesday, March 5th. NVIDIA's dividend payout ratio (DPR) is presently 1.34%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on NVDA shares. Piper Sandler raised their price objective on shares of NVIDIA from $850.00 to $1,050.00 and gave the stock an "overweight" rating in a report on Wednesday, March 20th. Argus increased their target price on NVIDIA from $850.00 to $950.00 and gave the stock a "buy" rating in a report on Wednesday, March 20th. Deutsche Bank Aktiengesellschaft raised their target price on NVIDIA from $720.00 to $850.00 and gave the stock a "hold" rating in a research report on Wednesday, March 20th. Wolfe Research upped their price target on NVIDIA from $630.00 to $900.00 and gave the company an "outperform" rating in a research report on Thursday, February 22nd. Finally, Mizuho lifted their price objective on NVIDIA from $850.00 to $1,000.00 and gave the company a "buy" rating in a report on Thursday, March 7th. Four equities research analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $940.30.

About NVIDIA

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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