Total Investment Management Inc. Sells 3,179 Shares of NVIDIA Corporation $NVDA

Total Investment Management Inc. decreased its position in shares of NVIDIA Corporation (NASDAQ:NVDA) by 27.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,285 shares of the computer hardware maker’s stock after selling 3,179 shares during the quarter. NVIDIA makes up approximately 0.2% of Total Investment Management Inc.’s holdings, making the stock its 20th largest holding. Total Investment Management Inc.’s holdings in NVIDIA were worth $1,309,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of NVDA. Harbor Asset Planning Inc. bought a new stake in shares of NVIDIA during the 2nd quarter valued at $28,000. Winnow Wealth LLC bought a new position in shares of NVIDIA in the 2nd quarter worth $32,000. Longfellow Investment Management Co. LLC grew its stake in shares of NVIDIA by 47.9% during the second quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker’s stock worth $33,000 after purchasing an additional 67 shares during the period. Spurstone Advisory Services LLC bought a new stake in NVIDIA in the second quarter valued at about $40,000. Finally, Kathleen S. Wright Associates Inc. lifted its stake in NVIDIA by 169.3% in the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker’s stock valued at $44,000 after buying an additional 254 shares during the period. Institutional investors and hedge funds own 65.27% of the company’s stock.

NVIDIA Stock Up 0.7%

NVIDIA stock opened at $176.29 on Tuesday. The company has a 50 day moving average of $186.51 and a 200-day moving average of $174.35. The company has a quick ratio of 3.71, a current ratio of 4.47 and a debt-to-equity ratio of 0.06. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $212.19. The stock has a market capitalization of $4.28 trillion, a PE ratio of 43.74, a price-to-earnings-growth ratio of 0.86 and a beta of 2.29.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Wednesday, November 19th. The computer hardware maker reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $1.23 by $0.07. The business had revenue of $57.01 billion for the quarter, compared to analyst estimates of $54.66 billion. NVIDIA had a net margin of 53.01% and a return on equity of 99.24%. The firm’s quarterly revenue was up 62.5% on a year-over-year basis. During the same period last year, the business posted $0.81 earnings per share. On average, equities research analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 26th. Investors of record on Thursday, December 4th will be issued a dividend of $0.01 per share. The ex-dividend date is Thursday, December 4th. This represents a $0.04 annualized dividend and a yield of 0.0%. NVIDIA’s dividend payout ratio is presently 0.99%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Wells Fargo & Company restated an “overweight” rating and set a $265.00 target price (up from $220.00) on shares of NVIDIA in a research report on Friday, November 14th. Oppenheimer reiterated an “outperform” rating and issued a $265.00 price target on shares of NVIDIA in a research report on Thursday, November 20th. Benchmark boosted their price objective on shares of NVIDIA from $220.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, November 20th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $300.00 target price on shares of NVIDIA in a research note on Thursday, November 20th. Finally, Wall Street Zen raised shares of NVIDIA from a “hold” rating to a “buy” rating in a research report on Sunday, October 19th. Four research analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, NVIDIA has an average rating of “Buy” and a consensus target price of $258.65.

Insiders Place Their Bets

In related news, CFO Colette Kress sold 30,500 shares of the firm’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $178.11, for a total value of $5,432,355.00. Following the completion of the transaction, the chief financial officer directly owned 1,286,826 shares of the company’s stock, valued at approximately $229,196,578.86. This trade represents a 2.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director A Brooke Seawell sold 12,728 shares of the business’s stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $183.93, for a total transaction of $2,341,061.04. The SEC filing for this sale provides additional information. Insiders have sold 2,754,474 shares of company stock valued at $499,562,617 in the last quarter. 4.17% of the stock is currently owned by corporate insiders.

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.