AGH Wealth Advisors LLC Sells 687 Shares of NVIDIA Corporation (NASDAQ:NVDA)

AGH Wealth Advisors LLC lowered its position in shares of NVIDIA Corporation (NASDAQ:NVDA) by 2.2% in the first quarter, Holdings Channel reports. The firm owned 30,818 shares of the computer hardware maker’s stock after selling 687 shares during the period. NVIDIA makes up about 3.2% of AGH Wealth Advisors LLC’s investment portfolio, making the stock its 8th biggest position. AGH Wealth Advisors LLC’s holdings in NVIDIA were worth $3,340,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NVDA. Tacita Capital Inc purchased a new stake in shares of NVIDIA during the fourth quarter valued at approximately $28,000. Vision Financial Markets LLC acquired a new stake in shares of NVIDIA during the fourth quarter valued at about $38,000. Luken Investment Analytics LLC purchased a new stake in shares of NVIDIA during the fourth quarter worth about $40,000. Copia Wealth Management purchased a new stake in shares of NVIDIA during the fourth quarter worth about $50,000. Finally, LSV Asset Management acquired a new position in shares of NVIDIA in the fourth quarter worth about $54,000. Institutional investors and hedge funds own 65.27% of the company’s stock.

Insider Activity at NVIDIA

In other NVIDIA news, Director Tench Coxe sold 1,000,000 shares of the company’s stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $142.80, for a total transaction of $142,800,000.00. Following the completion of the sale, the director now directly owns 26,671,360 shares of the company’s stock, valued at approximately $3,808,670,208. This represents a 3.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mark A. Stevens sold 935,000 shares of the firm’s stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $140.92, for a total transaction of $131,760,200.00. Following the completion of the transaction, the director now owns 9,214,697 shares of the company’s stock, valued at approximately $1,298,535,101.24. The trade was a 9.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,560,845 shares of company stock worth $360,351,849 in the last quarter. 4.17% of the stock is owned by company insiders.

NVIDIA Stock Performance

Shares of NVDA opened at $144.12 on Wednesday. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.39 and a quick ratio of 2.96. The firm’s 50 day moving average is $124.34 and its 200-day moving average is $126.49. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $153.13. The stock has a market capitalization of $3.52 trillion, a P/E ratio of 46.49, a P/E/G ratio of 1.28 and a beta of 2.12.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.06). NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The business had revenue of $44.06 billion during the quarter, compared to analyst estimates of $43.09 billion. During the same quarter last year, the firm posted $0.61 EPS. The company’s quarterly revenue was up 69.2% compared to the same quarter last year. Equities research analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. The ex-dividend date is Wednesday, June 11th. NVIDIA’s dividend payout ratio is 1.29%.

Wall Street Analyst Weigh In

Several research firms have issued reports on NVDA. William Blair restated an “outperform” rating on shares of NVIDIA in a report on Thursday, March 20th. Barclays upped their price target on shares of NVIDIA from $170.00 to $200.00 and gave the company an “overweight” rating in a report on Tuesday. Piper Sandler reissued an “overweight” rating and set a $180.00 price objective (up from $150.00) on shares of NVIDIA in a report on Wednesday, May 28th. Hsbc Global Res downgraded NVIDIA from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 3rd. Finally, TD Cowen raised their price objective on NVIDIA from $140.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, May 29th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-five have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $173.05.

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.