Kraematon Investment Advisors Inc. Sells 2,497 Shares of NVIDIA Corporation (NASDAQ:NVDA)

Kraematon Investment Advisors Inc. cut its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 7.5% during the 1st quarter, Holdings Channel reports. The institutional investor owned 30,871 shares of the computer hardware maker’s stock after selling 2,497 shares during the quarter. NVIDIA comprises approximately 3.4% of Kraematon Investment Advisors Inc.’s investment portfolio, making the stock its 7th largest holding. Kraematon Investment Advisors Inc.’s holdings in NVIDIA were worth $3,346,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. DiNuzzo Private Wealth Inc. grew its holdings in shares of NVIDIA by 0.8% in the fourth quarter. DiNuzzo Private Wealth Inc. now owns 8,612 shares of the computer hardware maker’s stock valued at $1,157,000 after acquiring an additional 71 shares in the last quarter. Baker Boyer National Bank grew its holdings in shares of NVIDIA by 3.3% in the fourth quarter. Baker Boyer National Bank now owns 2,403 shares of the computer hardware maker’s stock valued at $323,000 after acquiring an additional 76 shares in the last quarter. SC&H Financial Advisors Inc. grew its holdings in shares of NVIDIA by 1.6% in the fourth quarter. SC&H Financial Advisors Inc. now owns 5,074 shares of the computer hardware maker’s stock valued at $681,000 after acquiring an additional 80 shares in the last quarter. DecisionPoint Financial LLC grew its holdings in shares of NVIDIA by 2.9% in the fourth quarter. DecisionPoint Financial LLC now owns 2,878 shares of the computer hardware maker’s stock valued at $386,000 after acquiring an additional 80 shares in the last quarter. Finally, BCR Wealth Strategies LLC grew its holdings in shares of NVIDIA by 3.1% in the fourth quarter. BCR Wealth Strategies LLC now owns 2,919 shares of the computer hardware maker’s stock valued at $391,000 after acquiring an additional 89 shares in the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Tigress Financial reaffirmed a “buy” rating on shares of NVIDIA in a report on Wednesday, February 26th. Needham & Company LLC reaffirmed a “buy” rating and issued a $160.00 target price on shares of NVIDIA in a report on Thursday, May 29th. DZ Bank upgraded NVIDIA from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 28th. TD Cowen upped their price objective on NVIDIA from $140.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, May 29th. Finally, Wedbush reiterated an “outperform” rating on shares of NVIDIA in a research note on Thursday, May 29th. One research 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 assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $173.05.

NVIDIA Trading Down 1.1%

Shares of NVDA stock opened at $143.83 on Friday. 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 $153.13. The company has a market capitalization of $3.51 trillion, a PE ratio of 46.40, a price-to-earnings-growth ratio of 1.28 and a beta of 2.12. The business’s fifty day moving average is $126.37 and its 200 day moving average is $126.69.

NVIDIA (NASDAQ:NVDA) last issued 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 business had revenue of $44.06 billion during the quarter, compared to analysts’ expectations of $43.09 billion. During the same quarter last year, the business posted $0.61 EPS. The company’s quarterly revenue was up 69.2% on a year-over-year basis. On average, equities research analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th will be given a $0.01 dividend. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. NVIDIA’s dividend payout ratio (DPR) is presently 1.29%.

Insider Buying and Selling

In related news, Director Tench Coxe sold 1,000,000 shares of the stock in a transaction on Monday, June 9th. The stock was sold at an average price of $142.80, for a total value of $142,800,000.00. Following the transaction, the director now owns 26,671,360 shares of the company’s stock, valued at $3,808,670,208. This represents a 3.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert K. Burgess sold 50,000 shares of the stock in a transaction on Friday, May 30th. The shares were sold at an average price of $134.82, for a total value of $6,741,000.00. Following the completion of the transaction, the director now directly owns 201,044 shares in the company, valued at approximately $27,104,752.08. This represents a 19.92% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,469,685 shares of company stock worth $349,669,962. Corporate insiders own 4.17% of the company’s stock.

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.