NVIDIA Co. (NASDAQ:NVDA) Shares Sold by Engrave Wealth Partners LLC


Engrave Wealth Partners LLC trimmed its holdings in shares of NVIDIA Co. (NASDAQ:NVDA – Get Rating) by 22.4% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 930 shares of the computer hardware maker’s stock after selling 269 shares during the period. Engrave Wealth Partners LLC’s holdings in NVIDIA were worth $254,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Disciplined Investments LLC acquired a new position in NVIDIA in the 4th quarter valued at $25,000. Rather & Kittrell Inc. acquired a new position in NVIDIA in the 4th quarter valued at $26,000. Advanced Research Investment Solutions LLC acquired a new position in NVIDIA in the 4th quarter valued at $29,000. Claremont Financial Group Inc. acquired a new position in NVIDIA in the 4th quarter valued at $29,000. Finally, IFS Advisors LLC acquired a new position in NVIDIA in the 4th quarter valued at $37,000. 55.19% of the stock is owned by institutional investors and hedge funds.

In related news, EVP Debora Shoquist sold 23,644 shares of the stock in a transaction on Wednesday, June 8th. The stock was sold at an average price of $188.23, for a total transaction of $4,450,510.12. Following the completion of the sale, the executive vice president now directly owns 186,476 shares in the company, valued at $35,100,377.48. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director John Dabiri sold 2,200 shares of the stock in a transaction on Friday, May 27th. The stock was sold at an average price of $185.59, for a total value of $408,298.00. Following the sale, the director now owns 2,712 shares of the company’s stock, valued at $503,320.08. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 139,694 shares of company stock valued at $22,850,524. 4.04% of the stock is owned by corporate insiders.

NVDA opened at $151.59 on Friday. The stock has a fifty-day moving average of $176.12 and a 200-day moving average of $227.00. The firm has a market capitalization of $378.98 billion, a P/E ratio of 40.64, a PEG ratio of 2.30 and a beta of 1.59. NVIDIA Co. has a 12-month low of $148.62 and a 12-month high of $346.47. The company has a quick ratio of 4.75, a current ratio of 5.32 and a debt-to-equity ratio of 0.42.

NVIDIA (NASDAQ:NVDA – Get Rating) last released its earnings results on Wednesday, May 25th. The computer hardware maker reported $1.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.07. The company had revenue of $8.29 billion during the quarter, compared to analyst estimates of $8.09 billion. NVIDIA had a return on equity of 43.81% and a net margin of 32.02%. The company’s revenue for the quarter was up 46.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.78 earnings per share. On average, analysts expect that NVIDIA Co. will post 4.54 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 1st. Investors of record on Thursday, June 9th will be issued a dividend of $0.04 per share. The ex-dividend date of this dividend is Wednesday, June 8th. This represents a $0.16 annualized dividend and a dividend yield of 0.11%. NVIDIA’s dividend payout ratio is 4.29%.

Several research analysts recently commented on NVDA shares. Morgan Stanley reduced their price objective on NVIDIA from $217.00 to $182.00 and set an “equal weight” rating for the company in a research note on Thursday, May 26th. Truist Financial reduced their price objective on NVIDIA to $283.00 in a research note on Thursday, May 26th. Raymond James dropped their target price on NVIDIA from $365.00 to $250.00 in a report on Thursday, May 26th. Mizuho dropped their target price on NVIDIA from $345.00 to $290.00 and set a “buy” rating for the company in a report on Thursday, May 26th. Finally, Wedbush dropped their target price on NVIDIA from $300.00 to $190.00 and set a “neutral” rating for the company in a report on Thursday, May 19th. Seven research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, NVIDIA has an average rating of “Moderate Buy” and an average target price of $266.41.

NVIDIA Profile (Get Rating)

NVIDIA Corporation provides graphics, computing 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.

See Also

Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Co. (NASDAQ:NVDA – Get Rating).

Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)



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