NVIDIA Corporation $NVDA Shares Sold by Parr Mcknight Wealth Management Group LLC

Parr Mcknight Wealth Management Group LLC trimmed its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA) by 62.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,154 shares of the computer hardware maker’s stock after selling 25,597 shares during the period. Parr Mcknight Wealth Management Group LLC’s holdings in NVIDIA were worth $2,394,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Harbor Asset Planning Inc. purchased a new stake in NVIDIA in the second quarter valued at $28,000. Winnow Wealth LLC acquired a new position in shares of NVIDIA in the 2nd quarter valued at about $32,000. Longfellow Investment Management Co. LLC boosted its stake in shares of NVIDIA by 47.9% in the second quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker’s stock worth $33,000 after buying an additional 67 shares during the last quarter. Spurstone Advisory Services LLC acquired a new stake in NVIDIA during the second quarter worth about $40,000. Finally, Kathleen S. Wright Associates Inc. raised its position in NVIDIA by 169.3% during the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker’s stock valued at $44,000 after acquiring an additional 254 shares in the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at NVIDIA

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction on Friday, September 26th. The shares were sold at an average price of $176.96, for a total transaction of $13,272,000.00. Following the sale, the chief executive officer owned 71,308,203 shares of the company’s stock, valued at $12,618,699,602.88. The trade was a 0.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Debora Shoquist sold 80,000 shares of the company’s stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $184.65, for a total transaction of $14,772,000.00. Following the sale, the executive vice president directly owned 1,574,443 shares of the company’s stock, valued at $290,720,899.95. The trade was a 4.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 2,829,474 shares of company stock worth $512,805,367. Company insiders own 4.17% of the company’s stock.

NVIDIA Stock Down 3.3%

NVDA stock opened at $175.02 on Friday. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $212.19. The company has a quick ratio of 3.71, a current ratio of 4.47 and a debt-to-equity ratio of 0.06. The firm has a 50-day simple moving average of $186.69 and a 200-day simple moving average of $173.81. The stock has a market capitalization of $4.25 trillion, a P/E ratio of 43.43, a P/E/G ratio of 0.86 and a beta of 2.29.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data on Wednesday, November 19th. The computer hardware maker reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.07. NVIDIA had a return on equity of 99.24% and a net margin of 53.01%.The company had revenue of $57.01 billion for the quarter, compared to analysts’ expectations of $54.66 billion. During the same period in the previous year, the firm posted $0.81 EPS. NVIDIA’s revenue was up 62.5% compared to the same quarter last year. Equities analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

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

Analyst Upgrades and Downgrades

Several research firms have commented on NVDA. Hsbc Global Res upgraded NVIDIA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 15th. Benchmark boosted their target price on shares of NVIDIA from $220.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, November 20th. S&P Equity Research reissued a “positive” rating on shares of NVIDIA in a report on Wednesday, October 22nd. Morgan Stanley lifted their price objective on shares of NVIDIA from $235.00 to $250.00 and gave the company an “overweight” rating in a report on Monday, December 1st. Finally, Rosenblatt Securities increased their target price on shares of NVIDIA from $240.00 to $245.00 and gave the stock a “buy” rating in a research note on Thursday, November 20th. Four investment analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $258.65.

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.