NVIDIA Corporation $NVDA Shares Sold by ARS Investment Partners LLC

ARS Investment Partners LLC lowered its position in NVIDIA Corporation (NASDAQ:NVDA) by 15.0% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 268,716 shares of the computer hardware maker’s stock after selling 47,246 shares during the quarter. NVIDIA makes up 3.1% of ARS Investment Partners LLC’s investment portfolio, making the stock its 6th biggest position. ARS Investment Partners LLC’s holdings in NVIDIA were worth $42,454,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Center for Financial Planning Inc. lifted its stake in NVIDIA by 4.6% in the second quarter. Center for Financial Planning Inc. now owns 8,429 shares of the computer hardware maker’s stock valued at $1,332,000 after buying an additional 367 shares during the period. Atria Investments Inc increased its stake in shares of NVIDIA by 3.2% in the 2nd quarter. Atria Investments Inc now owns 942,208 shares of the computer hardware maker’s stock valued at $148,859,000 after acquiring an additional 29,479 shares during the last quarter. Fielder Capital Group LLC increased its stake in shares of NVIDIA by 9.7% in the 1st quarter. Fielder Capital Group LLC now owns 50,469 shares of the computer hardware maker’s stock valued at $5,470,000 after acquiring an additional 4,444 shares during the last quarter. MADDEN SECURITIES Corp raised its position in shares of NVIDIA by 3.2% in the 2nd quarter. MADDEN SECURITIES Corp now owns 81,322 shares of the computer hardware maker’s stock valued at $12,848,000 after acquiring an additional 2,484 shares during the period. Finally, ORG Wealth Partners LLC boosted its stake in NVIDIA by 7.7% during the 2nd quarter. ORG Wealth Partners LLC now owns 49,301 shares of the computer hardware maker’s stock worth $7,560,000 after acquiring an additional 3,542 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at NVIDIA

In related news, Director Mark A. Stevens sold 350,000 shares of the business’s stock in a transaction on Friday, September 19th. The shares were sold at an average price of $176.39, for a total transaction of $61,736,500.00. Following the transaction, the director directly owned 7,399,803 shares in the company, valued at approximately $1,305,251,251.17. The trade was a 4.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Harvey C. Jones sold 250,000 shares of the company’s stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $176.21, for a total transaction of $44,052,500.00. Following the sale, the director directly owned 7,183,280 shares in the company, valued at $1,265,765,768.80. This trade represents a 3.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 2,874,931 shares of company stock valued at $518,877,705. 4.17% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have commented on NVDA shares. Oppenheimer reaffirmed an “outperform” rating and issued a $265.00 target price on shares of NVIDIA in a research note on Thursday, November 20th. BNP Paribas Exane upped their price objective on shares of NVIDIA from $240.00 to $250.00 and gave the company an “outperform” rating in a research report on Tuesday, November 18th. Jefferies Financial Group reaffirmed a “buy” rating and set a $250.00 price objective (up previously from $240.00) on shares of NVIDIA in a research note on Thursday, November 20th. Deutsche Bank Aktiengesellschaft boosted their target price on NVIDIA from $180.00 to $215.00 and gave the company a “hold” rating in a research note on Thursday, November 20th. Finally, Rothschild & Co Redburn raised their price target on NVIDIA from $211.00 to $245.00 and gave the stock a “buy” rating in a research report on Monday, November 17th. Four equities research analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $258.65.

NVIDIA Price Performance

Shares of NASDAQ NVDA opened at $185.16 on Tuesday. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.47 and a quick ratio of 3.71. The business has a 50-day moving average of $187.20 and a 200-day moving average of $172.73. The stock has a market capitalization of $4.50 trillion, a price-to-earnings ratio of 45.95, a PEG ratio of 0.90 and a beta of 2.29. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $212.19.

NVIDIA (NASDAQ:NVDA) last released its earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.07. NVIDIA had a return on equity of 99.24% and a net margin of 53.01%.The business had revenue of $57.01 billion for the quarter, compared to analyst estimates of $54.66 billion. During the same quarter in the prior year, the company posted $0.81 earnings per share. NVIDIA’s revenue was up 62.5% on a year-over-year basis. As a group, sell-side analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 26th. Stockholders of record on Thursday, December 4th will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. The ex-dividend date of this dividend is Thursday, December 4th. NVIDIA’s dividend payout ratio is presently 0.99%.

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.