New Century Financial Group LLC Has $1.12 Million Stock Holdings in NVIDIA Corporation (NASDAQ:NVDA)

New Century Financial Group LLC decreased its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 69.8% in the first quarter, HoldingsChannel reports. The institutional investor owned 10,340 shares of the computer hardware maker’s stock after selling 23,855 shares during the period. NVIDIA makes up 1.3% of New Century Financial Group LLC’s portfolio, making the stock its 15th biggest position. New Century Financial Group LLC’s holdings in NVIDIA were worth $1,121,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. SC&H Financial Advisors Inc. raised its position in shares of NVIDIA by 1.6% in the 4th quarter. SC&H Financial Advisors Inc. now owns 5,074 shares of the computer hardware maker’s stock valued at $681,000 after acquiring an additional 80 shares during the period. DecisionPoint Financial LLC raised its position in shares of NVIDIA by 2.9% in the 4th quarter. DecisionPoint Financial LLC now owns 2,878 shares of the computer hardware maker’s stock valued at $386,000 after acquiring an additional 80 shares during the period. BCR Wealth Strategies LLC raised its position in shares of NVIDIA by 3.1% in the 4th quarter. BCR Wealth Strategies LLC now owns 2,919 shares of the computer hardware maker’s stock valued at $391,000 after acquiring an additional 89 shares during the period. Condor Capital Management raised its position in shares of NVIDIA by 3.6% in the 4th quarter. Condor Capital Management now owns 2,559 shares of the computer hardware maker’s stock valued at $344,000 after acquiring an additional 89 shares during the period. Finally, Squire Investment Management Company LLC raised its position in shares of NVIDIA by 4.0% in the 4th quarter. Squire Investment Management Company LLC now owns 2,360 shares of the computer hardware maker’s stock valued at $317,000 after acquiring an additional 91 shares during the period. Institutional investors and hedge funds own 65.27% of the company’s stock.

NVIDIA Price Performance

NASDAQ:NVDA opened at $157.75 on Friday. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $158.71. The company has a current ratio of 3.39, a quick ratio of 2.96 and a debt-to-equity ratio of 0.10. The firm has a fifty day simple moving average of $130.96 and a 200 day simple moving average of $126.97. The stock has a market capitalization of $3.85 trillion, a PE ratio of 50.89, a P/E/G ratio of 1.40 and a beta of 2.12.

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

NVIDIA Announces Dividend

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

Insider Activity at NVIDIA

In other NVIDIA news, CFO Colette Kress sold 20,000 shares of NVIDIA stock in a transaction on Friday, June 20th. The shares were sold at an average price of $144.21, for a total transaction of $2,884,200.00. Following the completion of the transaction, the chief financial officer now directly owns 173,060 shares of the company’s stock, valued at $24,956,982.60. The trade was a 10.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director A Brooke Seawell sold 50,980 shares of NVIDIA stock in a transaction on Friday, June 27th. The stock was sold at an average price of $156.92, for a total transaction of $7,999,781.60. Following the transaction, the director now directly owns 1,679,361 shares of the company’s stock, valued at approximately $263,525,328.12. This trade represents a 2.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 3,792,267 shares of company stock valued at $544,823,117. 4.17% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on NVDA shares. Mizuho increased their price target on shares of NVIDIA from $168.00 to $170.00 and gave the company an “outperform” rating in a research report on Thursday, May 29th. Truist Financial increased their price target on shares of NVIDIA from $205.00 to $210.00 and gave the company a “buy” rating in a research report on Thursday, May 29th. Citigroup reiterated a “buy” rating and issued a $180.00 price target (up from $150.00) on shares of NVIDIA in a research report on Thursday, May 29th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $200.00 price target on shares of NVIDIA in a research report on Wednesday, April 16th. Finally, Susquehanna restated a “positive” rating and set a $180.00 target price on shares of NVIDIA in a report on Wednesday, March 19th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-four have issued a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $175.78.

NVIDIA Company 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.