NVIDIA Corporation (NASDAQ:NVDA) Shares Sold by S.A. Mason LLC

S.A. Mason LLC cut its stake in NVIDIA Corporation (NASDAQ:NVDA) by 2.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 82,905 shares of the computer hardware maker’s stock after selling 1,806 shares during the quarter. NVIDIA makes up approximately 4.7% of S.A. Mason LLC’s portfolio, making the stock its largest holding. S.A. Mason LLC’s holdings in NVIDIA were worth $8,985,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Condor Capital Management increased its stake in NVIDIA by 3.6% during the 4th quarter. Condor Capital Management now owns 2,559 shares of the computer hardware maker’s stock worth $344,000 after buying an additional 89 shares during the period. Squire Investment Management Company LLC increased its holdings in shares of NVIDIA by 4.0% in the 4th quarter. Squire Investment Management Company LLC now owns 2,360 shares of the computer hardware maker’s stock valued at $317,000 after acquiring an additional 91 shares during the last quarter. Kelly Financial Services LLC raised its holdings in NVIDIA by 2.0% during the first quarter. Kelly Financial Services LLC now owns 4,736 shares of the computer hardware maker’s stock worth $513,000 after purchasing an additional 94 shares in the last quarter. Macroview Investment Management LLC lifted its position in NVIDIA by 2.9% in the fourth quarter. Macroview Investment Management LLC now owns 3,434 shares of the computer hardware maker’s stock valued at $461,000 after acquiring an additional 96 shares during the last quarter. Finally, Foundry Financial Group Inc. boosted its position in shares of NVIDIA by 2.2% in the 4th quarter. Foundry Financial Group Inc. now owns 4,387 shares of the computer hardware maker’s stock valued at $589,000 after purchasing an additional 96 shares during the period. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have issued reports on NVDA shares. Wedbush reissued an “outperform” rating on shares of NVIDIA in a research report on Thursday, May 29th. KeyCorp set a $190.00 target price on shares of NVIDIA in a research report on Wednesday, March 19th. William Blair reiterated an “outperform” rating on shares of NVIDIA in a research note on Thursday, March 20th. Seaport Res Ptn raised shares of NVIDIA to a “strong sell” rating in a report on Wednesday, April 30th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $160.00 target price on shares of NVIDIA in a report on Thursday, May 29th. One analyst has rated the stock with a sell rating, four have given a hold rating, thirty-four have issued a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $177.92.

NVIDIA Stock Up 4.0%

NVDA stock opened at $170.70 on Wednesday. The company has a 50 day moving average price of $143.67 and a two-hundred day moving average price of $129.10. 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 capitalization of $4.17 trillion, a P/E ratio of 55.06, a PEG ratio of 1.45 and a beta of 2.13. NVIDIA Corporation has a one year low of $86.62 and a one year high of $172.40.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.06). NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The business had revenue of $44.06 billion during the quarter, compared to analysts’ expectations of $43.09 billion. During the same period in the prior year, the firm earned $0.61 EPS. NVIDIA’s revenue for the quarter was up 69.2% on a year-over-year basis. As a group, sell-side analysts expect that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

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

Insider Activity at NVIDIA

In related news, Director Tench Coxe sold 1,000,000 shares of the business’s stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $142.80, for a total value of $142,800,000.00. Following the completion of the sale, the director directly owned 26,671,360 shares in the company, valued at approximately $3,808,670,208. The trade was a 3.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark A. Stevens sold 935,000 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $140.92, for a total transaction of $131,760,200.00. Following the transaction, the director directly owned 9,214,697 shares in the company, valued at approximately $1,298,535,101.24. This represents a 9.21% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,767,150 shares of company stock valued at $701,030,045. Insiders own 4.17% of the company’s stock.

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.