NVIDIA Corporation $NVDA Shares Sold by Tyler Stone Wealth Management

Tyler Stone Wealth Management decreased its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 4.7% in the 2nd quarter, Holdings Channel reports. The fund owned 304,913 shares of the computer hardware maker’s stock after selling 14,932 shares during the quarter. NVIDIA accounts for approximately 7.8% of Tyler Stone Wealth Management’s investment portfolio, making the stock its biggest position. Tyler Stone Wealth Management’s holdings in NVIDIA were worth $48,173,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Tactive Advisors LLC bought a new position in NVIDIA during the 2nd quarter worth about $8,687,000. Geneos Wealth Management Inc. boosted its position in shares of NVIDIA by 9.8% during the second quarter. Geneos Wealth Management Inc. now owns 259,898 shares of the computer hardware maker’s stock worth $41,061,000 after buying an additional 23,097 shares during the period. Hershey Financial Advisers LLC acquired a new position in shares of NVIDIA during the second quarter worth about $266,000. Caxton Associates LLP grew its holdings in shares of NVIDIA by 30.0% during the second quarter. Caxton Associates LLP now owns 880,160 shares of the computer hardware maker’s stock worth $139,056,000 after buying an additional 203,090 shares in the last quarter. Finally, Castleark Management LLC raised its position in NVIDIA by 26.2% in the 2nd quarter. Castleark Management LLC now owns 1,418,598 shares of the computer hardware maker’s stock valued at $224,124,000 after buying an additional 294,838 shares during the last quarter. 65.27% of the stock is owned by institutional investors.

NVIDIA Stock Performance

Shares of NVDA opened at $175.02 on Friday. The company has a market cap of $4.25 trillion, a PE ratio of 43.43, a price-to-earnings-growth ratio of 0.86 and a beta of 2.29. The firm has a 50-day moving average of $186.69 and a 200-day moving average of $173.81. NVIDIA Corporation has a one year low of $86.62 and a one year high of $212.19. 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 (NASDAQ:NVDA) last issued its earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.07. The business had revenue of $57.01 billion during the quarter, compared to the consensus estimate of $54.66 billion. NVIDIA had a net margin of 53.01% and a return on equity of 99.24%. NVIDIA’s revenue was up 62.5% on a year-over-year basis. During the same period last year, the business posted $0.81 EPS. As a group, equities analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

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

Analysts Set New Price Targets

NVDA has been the subject of a number of recent research reports. Oppenheimer reaffirmed an “outperform” rating and set a $265.00 price target on shares of NVIDIA in a research report on Thursday, November 20th. Craig Hallum increased their target price on shares of NVIDIA from $195.00 to $245.00 and gave the stock a “buy” rating in a report on Thursday, August 28th. Citigroup raised their target price on shares of NVIDIA from $220.00 to $270.00 and gave the company a “buy” rating in a research report on Thursday, November 20th. Barclays boosted their price target on shares of NVIDIA from $240.00 to $275.00 and gave the stock an “overweight” rating in a research report on Thursday, November 20th. Finally, KeyCorp raised their price objective on NVIDIA from $250.00 to $275.00 and gave the company an “overweight” rating in a report on Thursday, November 20th. Four research analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $258.65.

Insiders Place Their Bets

In other NVIDIA news, EVP Debora Shoquist sold 69,840 shares of the firm’s stock in a transaction 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 sale, the executive vice president owned 1,424,603 shares of the company’s stock, valued at $253,365,643.55. This trade represents a 4.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Mark A. Stevens sold 350,000 shares of the company’s stock in a transaction on Friday, December 5th. The shares were sold at an average price of $181.73, for a total transaction of $63,605,500.00. Following the completion of the transaction, the director owned 7,049,803 shares in the company, valued at approximately $1,281,160,699.19. This represents a 4.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 2,829,474 shares of company stock worth $512,805,367 in the last quarter. Company 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.