Goodman Advisory Group LLC Sells 2,347 Shares of NVIDIA Co. (NASDAQ:NVDA)

Goodman Advisory Group LLC decreased its holdings in NVIDIA Co. (NASDAQ:NVDAGet Rating) by 23.0% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,841 shares of the computer hardware maker’s stock after selling 2,347 shares during the period. Goodman Advisory Group LLC’s holdings in NVIDIA were worth $2,140,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. BlackRock Inc. lifted its stake in NVIDIA by 2.1% in the 4th quarter. BlackRock Inc. now owns 177,839,722 shares of the computer hardware maker’s stock worth $52,304,441,000 after purchasing an additional 3,591,440 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of NVIDIA by 3.7% in the fourth quarter. Geode Capital Management LLC now owns 41,888,133 shares of the computer hardware maker’s stock worth $12,287,340,000 after buying an additional 1,505,461 shares in the last quarter. Northern Trust Corp boosted its stake in NVIDIA by 0.3% during the fourth quarter. Northern Trust Corp now owns 28,364,911 shares of the computer hardware maker’s stock valued at $8,342,404,000 after buying an additional 88,332 shares during the last quarter. Norges Bank purchased a new position in NVIDIA during the 4th quarter valued at approximately $6,279,217,000. Finally, Charles Schwab Investment Management Inc. increased its stake in NVIDIA by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 12,026,064 shares of the computer hardware maker’s stock worth $3,536,987,000 after acquiring an additional 304,829 shares during the last quarter. Hedge funds and other institutional investors own 55.19% of the company’s stock.

NVIDIA Stock Performance

NVDA stock opened at $189.89 on Friday. NVIDIA Co. has a 1-year low of $140.55 and a 1-year high of $346.47. The business has a 50-day moving average price of $169.18 and a 200 day moving average price of $205.64. The company has a market capitalization of $474.73 billion, a P/E ratio of 50.91, a PEG ratio of 2.95 and a beta of 1.65. The company has a debt-to-equity ratio of 0.42, a current ratio of 5.32 and a quick ratio of 4.75.

NVIDIA (NASDAQ:NVDAGet Rating) last posted its quarterly earnings results on Wednesday, May 25th. The computer hardware maker reported $1.18 EPS for the quarter, beating the consensus estimate of $1.09 by $0.09. NVIDIA had a net margin of 32.02% and a return on equity of 43.81%. The business had revenue of $8.29 billion during the quarter, compared to analyst estimates of $8.09 billion. During the same quarter in the previous year, the business posted $0.78 EPS. The company’s quarterly revenue was up 46.4% compared to the same quarter last year. As a group, equities research analysts forecast that NVIDIA Co. will post 4.48 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 1st. Shareholders of record on Thursday, June 9th were given a dividend of $0.04 per share. The ex-dividend date was Wednesday, June 8th. This represents a $0.16 annualized dividend and a yield of 0.08%. NVIDIA’s dividend payout ratio (DPR) is presently 4.29%.

Insider Activity

In other NVIDIA news, Director John Dabiri sold 2,200 shares of the business’s stock in a transaction dated Friday, May 27th. The shares were sold at an average price of $185.59, for a total value of $408,298.00. Following the completion of the transaction, the director now directly owns 2,712 shares in the company, valued at $503,320.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director John Dabiri sold 2,200 shares of the stock in a transaction that occurred on Friday, May 27th. The shares were sold at an average price of $185.59, for a total transaction of $408,298.00. Following the completion of the sale, the director now owns 2,712 shares of the company’s stock, valued at $503,320.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mark A. Stevens sold 113,850 shares of NVIDIA stock in a transaction on Monday, June 13th. The stock was sold at an average price of $158.03, for a total transaction of $17,991,715.50. Following the completion of the transaction, the director now directly owns 2,596,493 shares in the company, valued at $410,323,788.79. The disclosure for this sale can be found here. In the last three months, insiders have sold 139,694 shares of company stock worth $22,850,524. 4.04% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on NVDA shares. Deutsche Bank Aktiengesellschaft lowered their target price on NVIDIA from $190.00 to $175.00 in a research report on Wednesday, July 20th. Susquehanna dropped their price objective on shares of NVIDIA from $260.00 to $220.00 and set a “positive” rating for the company in a research note on Wednesday, July 13th. Wedbush decreased their target price on shares of NVIDIA from $300.00 to $190.00 and set a “neutral” rating on the stock in a research report on Thursday, May 19th. Atlantic Securities dropped their price target on NVIDIA to $205.00 in a research report on Thursday, May 26th. Finally, Piper Sandler decreased their price objective on NVIDIA from $250.00 to $235.00 and set an “overweight” rating on the stock in a research report on Monday, July 11th. Seven equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $252.24.

About NVIDIA

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NVIDIA Corporation provides graphics, and compute and networking solutions in the United States, Taiwan, China, and internationally. The company's 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; vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building 3D designs and virtual worlds.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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