NVIDIA Corporation (NASDAQ:NVDA) Shares Sold by Dodds Wealth LLC

Dodds Wealth LLC lessened its stake in shares of NVIDIA Corporation (NASDAQ:NVDAFree Report) by 2.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,941 shares of the computer hardware maker’s stock after selling 341 shares during the quarter. NVIDIA accounts for 0.5% of Dodds Wealth LLC’s investment portfolio, making the stock its 21st biggest position. Dodds Wealth LLC’s holdings in NVIDIA were worth $1,511,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently modified their holdings of NVDA. Tacita Capital Inc acquired a new stake in shares of NVIDIA during the fourth quarter valued at about $28,000. Vision Financial Markets LLC acquired a new position in shares of NVIDIA in the fourth quarter worth about $38,000. Copia Wealth Management purchased a new position in NVIDIA in the fourth quarter valued at about $50,000. Bruce G. Allen Investments LLC grew its stake in NVIDIA by 198.2% during the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker’s stock valued at $53,000 after purchasing an additional 327 shares in the last quarter. Finally, LSV Asset Management purchased a new stake in NVIDIA during the 4th quarter worth approximately $54,000. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Insider Activity at NVIDIA

In related news, CFO Colette Kress sold 20,000 shares of the stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $144.21, for a total value of $2,884,200.00. Following the completion of the transaction, the chief financial officer now owns 173,060 shares in the company, valued at $24,956,982.60. This represents a 10.36% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Tench Coxe sold 1,000,000 shares of the business’s stock in a transaction dated 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 sale, the director now owns 26,671,360 shares in the company, 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. Insiders have sold a total of 3,792,267 shares of company stock worth $544,823,117 over the last ninety days. 4.17% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Mizuho increased their target price on NVIDIA from $168.00 to $170.00 and gave the company an “outperform” rating in a research note on Thursday, May 29th. Arete Research upgraded shares of NVIDIA to a “strong-buy” rating in a research note on Wednesday, May 21st. Truist Financial raised their price objective on shares of NVIDIA from $205.00 to $210.00 and gave the stock a “buy” rating in a report on Thursday, May 29th. Piper Sandler reissued an “overweight” rating and issued a $180.00 target price (up previously from $150.00) on shares of NVIDIA in a research report on Wednesday, May 28th. Finally, Wedbush reaffirmed an “outperform” rating on shares of NVIDIA in a research report on Thursday, May 29th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-four have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $175.78.

View Our Latest Stock Analysis on NVDA

NVIDIA Stock Performance

NVDA opened at $157.75 on Friday. The company has a current ratio of 3.39, a quick ratio of 2.96 and a debt-to-equity ratio of 0.10. The business’s 50 day moving average is $130.96 and its 200-day moving average is $127.05. The stock has a market cap of $3.85 trillion, a PE ratio of 50.89, a price-to-earnings-growth ratio of 1.37 and a beta of 2.12. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $158.71.

NVIDIA (NASDAQ:NVDAGet Free Report) last posted its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.06). The business had revenue of $44.06 billion during the quarter, compared to analyst estimates of $43.09 billion. NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The firm’s revenue was up 69.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.61 earnings per share. On average, analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

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

NVIDIA Profile

(Free Report)

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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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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