NVIDIA Corporation $NVDA Stock Position Reduced by Beck Bode LLC

Beck Bode LLC cut its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 5.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 188,844 shares of the computer hardware maker’s stock after selling 9,990 shares during the period. NVIDIA comprises about 5.0% of Beck Bode LLC’s holdings, making the stock its largest position. Beck Bode LLC’s holdings in NVIDIA were worth $29,835,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on NVDA. Wells Fargo & Company reissued an “overweight” rating and issued a $265.00 price target (up from $220.00) on shares of NVIDIA in a research report on Friday, November 14th. Hsbc Global Res raised NVIDIA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 15th. KeyCorp raised their price target on NVIDIA from $250.00 to $275.00 and gave the stock an “overweight” rating in a research note on Thursday, November 20th. Evercore ISI set a $352.00 price target on NVIDIA and gave the stock an “outperform” rating in a research report on Thursday, November 20th. Finally, Bank of America increased their price objective on NVIDIA from $235.00 to $275.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Five analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, NVIDIA currently has an average rating of “Buy” and a consensus price target of $258.65.

Insider Buying and Selling

In other news, Director A Brooke Seawell sold 12,728 shares of the firm’s stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $183.93, for a total transaction of $2,341,061.04. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Colette Kress sold 27,640 shares of the firm’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $208.33, for a total value of $5,758,241.20. Following the completion of the sale, the chief financial officer directly owned 2,828,122 shares in the company, valued at approximately $589,182,656.26. The trade was a 0.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 2,949,931 shares of company stock worth $531,605,955. 4.17% of the stock is owned by company insiders.

NVIDIA Trading Down 0.5%

NASDAQ:NVDA opened at $182.41 on Friday. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $212.19. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.71 and a current ratio of 4.47. The stock has a fifty day moving average price of $187.13 and a two-hundred day moving average price of $171.82. The stock has a market capitalization of $4.43 trillion, a price-to-earnings ratio of 45.26, a PEG ratio of 0.90 and a beta of 2.29.

NVIDIA (NASDAQ:NVDA) last issued its earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.23 by $0.07. The company had revenue of $57.01 billion during the quarter, compared to analysts’ expectations of $54.66 billion. NVIDIA had a net margin of 53.01% and a return on equity of 99.24%. The firm’s quarterly revenue was up 62.5% compared to the same quarter last year. During the same period last year, the company posted $0.81 earnings per share. As a group, sell-side analysts anticipate 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. Investors of record on Thursday, December 4th will be paid a dividend of $0.01 per share. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. NVIDIA’s dividend payout ratio (DPR) is presently 0.99%.

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.