NVIDIA Corporation $NVDA Shares Sold by Stance Capital LLC

Stance Capital LLC trimmed its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 69.6% during the second quarter, HoldingsChannel.com reports. The firm owned 9,161 shares of the computer hardware maker’s stock after selling 20,985 shares during the period. Stance Capital LLC’s holdings in NVIDIA were worth $1,447,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Kingstone Capital Partners Texas LLC raised its stake in shares of NVIDIA by 267,959.7% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 382,373,765 shares of the computer hardware maker’s stock valued at $64,976,521,000 after purchasing an additional 382,231,120 shares in the last quarter. Norges Bank acquired a new stake in NVIDIA during the second quarter valued at approximately $51,386,863,000. Nuveen LLC bought a new position in NVIDIA during the 1st quarter worth approximately $15,089,414,000. Goldman Sachs Group Inc. grew its position in shares of NVIDIA by 123.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 187,995,213 shares of the computer hardware maker’s stock worth $20,374,921,000 after acquiring an additional 103,889,872 shares in the last quarter. Finally, Laurel Wealth Advisors LLC increased its holdings in shares of NVIDIA by 15,496.1% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 21,865,525 shares of the computer hardware maker’s stock valued at $3,454,534,000 after acquiring an additional 21,725,326 shares during the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on NVDA shares. President Capital raised their price objective on NVIDIA from $240.00 to $245.00 and gave the stock a “buy” rating in a research note on Friday, November 28th. Bank of America lifted their price target on shares of NVIDIA from $235.00 to $275.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Loop Capital increased their price objective on shares of NVIDIA from $250.00 to $350.00 and gave the stock a “buy” rating in a research note on Monday, November 3rd. KeyCorp lifted their target price on NVIDIA from $250.00 to $275.00 and gave the company an “overweight” rating in a research note on Thursday, November 20th. Finally, Sanford C. Bernstein reaffirmed a “buy” rating on shares of NVIDIA in a report on Tuesday, December 9th. Four research analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $258.65.

NVIDIA Stock Performance

Shares of NVDA stock opened at $175.02 on Monday. The firm has a market capitalization of $4.25 trillion, a price-to-earnings ratio of 43.43, a price-to-earnings-growth ratio of 0.86 and a beta of 2.29. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.47 and a quick ratio of 3.71. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $212.19. The business has a 50 day simple moving average of $186.69 and a 200 day simple moving average of $174.09.

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

NVIDIA Dividend Announcement

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

Insider Buying and Selling

In related news, CFO Colette Kress sold 30,500 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $178.11, for a total transaction of $5,432,355.00. Following the completion of the sale, the chief financial officer directly owned 1,286,826 shares in the company, valued at approximately $229,196,578.86. This trade represents a 2.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Debora Shoquist sold 69,840 shares of NVIDIA stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $177.85, for a total transaction of $12,421,044.00. Following the completion of the transaction, the executive vice president owned 1,424,603 shares in the company, valued at approximately $253,365,643.55. This trade represents a 4.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 2,754,474 shares of company stock worth $499,562,617 in the last ninety days. Insiders own 4.17% of the company’s stock.

About NVIDIA

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.