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

Vista Investment Partners LLC cut its position in shares of NVIDIA Corporation (NASDAQ:NVDA) by 33.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 27,020 shares of the computer hardware maker’s stock after selling 13,432 shares during the quarter. Vista Investment Partners LLC’s holdings in NVIDIA were worth $2,928,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in NVDA. Vicus Capital boosted its holdings in shares of NVIDIA by 7.1% in the 1st quarter. Vicus Capital now owns 43,273 shares of the computer hardware maker’s stock valued at $4,690,000 after buying an additional 2,887 shares during the period. AA Financial Advisors LLC raised its stake in NVIDIA by 13.8% during the first quarter. AA Financial Advisors LLC now owns 32,619 shares of the computer hardware maker’s stock worth $3,535,000 after acquiring an additional 3,954 shares during the period. Inscription Capital LLC bought a new position in NVIDIA in the first quarter worth about $837,000. Blackston Financial Advisory Group LLC boosted its stake in NVIDIA by 15.9% in the first quarter. Blackston Financial Advisory Group LLC now owns 27,299 shares of the computer hardware maker’s stock valued at $2,959,000 after acquiring an additional 3,741 shares during the period. Finally, Grove Bank & Trust grew its holdings in shares of NVIDIA by 2.3% during the first quarter. Grove Bank & Trust now owns 94,034 shares of the computer hardware maker’s stock valued at $10,191,000 after purchasing an additional 2,141 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

NVIDIA Trading Up 1.3%

Shares of NASDAQ:NVDA opened at $159.28 on Friday. 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 $3.89 trillion, a price-to-earnings ratio of 51.38, a PEG ratio of 1.39 and a beta of 2.13. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $160.98. The company has a 50 day moving average price of $135.41 and a 200 day moving average price of $127.64.

NVIDIA (NASDAQ:NVDA) last issued 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 company had revenue of $44.06 billion during the quarter, compared to analyst estimates of $43.09 billion. During the same quarter in the previous year, the firm earned $0.61 earnings per share. The business’s revenue was up 69.2% compared to the same quarter last year. On average, research analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Wednesday, June 11th. This represents a $0.04 annualized dividend and a yield of 0.03%. NVIDIA’s payout ratio is presently 1.29%.

Insiders Place Their Bets

In other NVIDIA news, EVP Ajay K. Puri sold 168,195 shares of the firm’s stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $152.64, for a total value of $25,673,284.80. Following the completion of the transaction, the executive vice president directly owned 4,018,547 shares in the company, valued at $613,391,014.08. This trade represents a 4.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Jen Hsun Huang sold 75,000 shares of the business’s stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $157.53, for a total transaction of $11,814,750.00. Following the sale, the chief executive officer owned 75,323,225 shares in the company, valued at $11,865,667,634.25. This represents a 0.10% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,044,919 shares of company stock worth $584,414,209. Company insiders own 4.17% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on NVDA shares. Arete Research upgraded NVIDIA to a “strong-buy” rating in a research report on Wednesday, May 21st. Raymond James Financial boosted their price target on shares of NVIDIA from $150.00 to $165.00 and gave the company a “strong-buy” rating in a report on Thursday, May 29th. Oppenheimer restated an “outperform” rating and set a $175.00 price target on shares of NVIDIA in a research report on Monday, June 16th. Benchmark reiterated a “buy” rating and issued a $190.00 price objective on shares of NVIDIA in a research report on Thursday, May 29th. Finally, UBS Group restated a “buy” rating on shares of NVIDIA in a research report on Friday, May 23rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating, thirty-four have given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, NVIDIA has an average rating of “Moderate Buy” and a consensus target price of $176.19.

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.