NVIDIA Corporation (NASDAQ:NVDA) Shares Sold by Field & Main Bank

Field & Main Bank cut its stake in NVIDIA Corporation (NASDAQ:NVDA) by 1.6% during the 1st quarter, HoldingsChannel reports. The fund owned 65,095 shares of the computer hardware maker’s stock after selling 1,070 shares during the period. NVIDIA comprises 2.5% of Field & Main Bank’s portfolio, making the stock its 6th largest position. Field & Main Bank’s holdings in NVIDIA were worth $7,055,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Tacita Capital Inc acquired a new stake in shares of NVIDIA during the 4th quarter valued at approximately $28,000. Vision Financial Markets LLC acquired a new position in NVIDIA in the fourth quarter worth $38,000. Copia Wealth Management bought a new stake in NVIDIA during the fourth quarter valued at $50,000. Bruce G. Allen Investments LLC raised its holdings in shares of NVIDIA by 198.2% during the first quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker’s stock worth $53,000 after purchasing an additional 327 shares during the period. Finally, LSV Asset Management acquired a new stake in shares of NVIDIA during the fourth quarter worth $54,000. 65.27% of the stock is currently owned by institutional investors.

NVIDIA Stock Up 4.0%

Shares of NVDA stock opened at $170.70 on Wednesday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.96 and a current ratio of 3.39. The stock has a market cap of $4.17 trillion, a PE ratio of 55.06, a price-to-earnings-growth ratio of 1.45 and a beta of 2.13. The business’s fifty day moving average is $143.67 and its 200-day moving average is $129.10. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $172.40.

NVIDIA (NASDAQ:NVDA) last released its earnings results 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 firm had revenue of $44.06 billion for the quarter, compared to analyst estimates of $43.09 billion. During the same period in the previous year, the firm earned $0.61 earnings per share. NVIDIA’s revenue was up 69.2% on a year-over-year basis. Equities analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th were issued a $0.01 dividend. The ex-dividend date of this dividend was Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.02%. NVIDIA’s payout ratio is currently 1.29%.

Insider Activity at NVIDIA

In other NVIDIA news, Director A Brooke Seawell sold 48,792 shares of NVIDIA stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of $163.96, for a total value of $7,999,936.32. Following the transaction, the director owned 1,729,478 shares in the company, valued at approximately $283,565,212.88. The trade was a 2.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of the company’s stock in a transaction on Monday, July 14th. The shares were sold at an average price of $164.36, for a total value of $12,327,000.00. Following the completion of the transaction, the chief executive officer directly owned 74,648,225 shares in the company, valued at $12,269,182,261. This represents a 0.10% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,767,150 shares of company stock valued at $701,030,045. Company insiders own 4.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Mizuho set a $192.00 price target on shares of NVIDIA in a report on Tuesday. Benchmark reissued a “buy” rating and issued a $190.00 target price on shares of NVIDIA in a report on Thursday, May 29th. Wedbush reaffirmed an “outperform” rating on shares of NVIDIA in a report on Thursday, May 29th. Hsbc Global Res cut NVIDIA from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 3rd. Finally, Loop Capital raised their price target on NVIDIA from $175.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, June 25th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-four have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $177.92.

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.