NVIDIA Corporation (NASDAQ:NVDA) Shares Sold by RAM Investment Partners LLC

RAM Investment Partners LLC cut its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 2.7% in the 1st quarter, Holdings Channel reports. The fund owned 51,194 shares of the computer hardware maker’s stock after selling 1,415 shares during the quarter. NVIDIA accounts for approximately 1.4% of RAM Investment Partners LLC’s portfolio, making the stock its 11th biggest position. RAM Investment Partners LLC’s holdings in NVIDIA were worth $5,548,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Global Assets Advisory LLC increased its holdings in shares of NVIDIA by 274.7% in the 1st quarter. Global Assets Advisory LLC now owns 300,695 shares of the computer hardware maker’s stock valued at $32,101,000 after purchasing an additional 220,453 shares in the last quarter. Steph & Co. increased its stake in shares of NVIDIA by 11.7% during the 1st quarter. Steph & Co. now owns 2,076 shares of the computer hardware maker’s stock valued at $225,000 after acquiring an additional 217 shares during the last quarter. Archford Capital Strategies LLC boosted its holdings in NVIDIA by 110.8% in the first quarter. Archford Capital Strategies LLC now owns 144,166 shares of the computer hardware maker’s stock valued at $15,625,000 after acquiring an additional 75,773 shares during the last quarter. Financial Enhancement Group LLC increased its position in shares of NVIDIA by 3.4% in the first quarter. Financial Enhancement Group LLC now owns 55,065 shares of the computer hardware maker’s stock worth $5,445,000 after acquiring an additional 1,832 shares in the last quarter. Finally, Moran Wealth Management LLC grew its stake in shares of NVIDIA by 21.9% in the first quarter. Moran Wealth Management LLC now owns 308,564 shares of the computer hardware maker’s stock valued at $33,442,000 after buying an additional 55,408 shares in the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on NVDA shares. Citigroup upped their price target on NVIDIA from $180.00 to $190.00 and gave the stock a “buy” rating in a report on Monday, July 7th. Benchmark restated a “buy” rating and set a $190.00 price objective on shares of NVIDIA in a research note on Thursday, May 29th. Hsbc Global Res downgraded shares of NVIDIA from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 3rd. KeyCorp set a $190.00 target price on shares of NVIDIA in a research report on Wednesday, March 19th. Finally, Stifel Nicolaus set a $180.00 target price on shares of NVIDIA in a research note on Wednesday, March 19th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-four have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $177.92.

NVIDIA Stock Performance

Shares of NASDAQ NVDA opened at $170.70 on Wednesday. The stock has a 50 day simple moving average of $143.67 and a 200-day simple moving average of $129.10. 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 company has a market cap of $4.17 trillion, a PE ratio of 55.06, a P/E/G ratio of 1.45 and a beta of 2.13. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $172.40.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.06). The company had revenue of $44.06 billion during the quarter, compared to the consensus estimate of $43.09 billion. NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The company’s revenue was up 69.2% on a year-over-year basis. During the same quarter last year, the business earned $0.61 earnings per share. On average, equities research analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th were given a $0.01 dividend. The ex-dividend date was Wednesday, June 11th. This represents a $0.04 annualized dividend and a yield of 0.02%. NVIDIA’s dividend payout ratio (DPR) is 1.29%.

Insider Buying and Selling at NVIDIA

In related news, CEO Jen Hsun Huang sold 75,000 shares of the firm’s stock in a transaction that occurred 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 owned 74,648,225 shares of the company’s stock, valued at approximately $12,269,182,261. This trade represents a 0.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director A Brooke Seawell sold 48,792 shares of NVIDIA stock in a transaction that occurred on Monday, July 14th. The stock was sold at an average price of $163.96, for a total transaction 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,767,150 shares of company stock valued at $701,030,045. 4.17% of the stock is currently owned by company insiders.

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.