NVIDIA Corporation $NVDA Shares Sold by Dorsey Wright & Associates

Dorsey Wright & Associates decreased its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 20.0% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 88,474 shares of the computer hardware maker’s stock after selling 22,096 shares during the quarter. NVIDIA comprises 3.3% of Dorsey Wright & Associates’ holdings, making the stock its 3rd largest position. Dorsey Wright & Associates’ holdings in NVIDIA were worth $13,978,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in the stock. Harbor Asset Planning Inc. purchased a new position in NVIDIA during the second quarter worth about $28,000. Spurstone Advisory Services LLC acquired a new stake in shares of NVIDIA during the 2nd quarter worth approximately $40,000. Kathleen S. Wright Associates Inc. increased its holdings in shares of NVIDIA by 169.3% during the 1st quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker’s stock worth $44,000 after buying an additional 254 shares during the last quarter. Legend Financial Advisors Inc. purchased a new stake in shares of NVIDIA during the 2nd quarter valued at approximately $55,000. Finally, Campbell Capital Management Inc. lifted its holdings in NVIDIA by 5,900.0% in the first quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker’s stock valued at $65,000 after acquiring an additional 590 shares during the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

NVIDIA Stock Performance

Shares of NVDA stock opened at $185.16 on Tuesday. The firm has a 50 day moving average of $187.20 and a two-hundred day moving average of $172.73. The stock has a market capitalization of $4.50 trillion, a PE ratio of 45.95, a P/E/G ratio of 0.90 and a beta of 2.29. The company has a quick ratio of 3.71, a current ratio of 4.47 and a debt-to-equity ratio of 0.06. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $212.19.

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

NVIDIA Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Thursday, December 4th will be given a $0.01 dividend. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. NVIDIA’s dividend payout ratio (DPR) is currently 0.99%.

Analyst Ratings Changes

NVDA has been the topic of a number of research analyst reports. Jefferies Financial Group restated a “buy” rating and issued a $250.00 target price (up previously from $240.00) on shares of NVIDIA in a research report on Thursday, November 20th. Evercore ISI set a $352.00 price objective on shares of NVIDIA and gave the company an “outperform” rating in a report on Thursday, November 20th. Susquehanna upped their target price on shares of NVIDIA from $230.00 to $250.00 and gave the company a “positive” rating in a research report on Thursday, November 20th. JPMorgan Chase & Co. increased their target price on shares of NVIDIA from $215.00 to $250.00 and gave the stock an “overweight” rating in a research note on Thursday, November 20th. Finally, UBS Group reiterated a “buy” rating and set a $235.00 price target on shares of NVIDIA in a research report on Thursday, November 20th. Four investment analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $258.65.

Insider Activity

In related news, CEO Jen Hsun Huang sold 75,000 shares of the company’s stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $176.42, for a total transaction of $13,231,500.00. Following the sale, the chief executive officer directly owned 71,683,203 shares in the company, valued at approximately $12,646,350,673.26. This represents a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Harvey C. Jones sold 250,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $176.21, for a total transaction of $44,052,500.00. Following the completion of the sale, the director directly owned 7,183,280 shares in the company, valued at approximately $1,265,765,768.80. This trade represents a 3.36% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 2,874,931 shares of company stock worth $518,877,705. 4.17% of the stock is currently owned by company insiders.

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.