NVIDIA Co. (NASDAQ:NVDA) Shares Sold by Charles Schwab Trust Co

Posted by Defense World Staff on Jun 22nd, 2023

Charles Schwab Trust Co lowered its holdings in NVIDIA Co. (NASDAQ:NVDA – Get Rating) by 48.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,232 shares of the computer hardware maker’s stock after selling 8,557 shares during the period. Charles Schwab Trust Co’s holdings in NVIDIA were worth $2,564,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in NVDA. GoalVest Advisory LLC raised its stake in shares of NVIDIA by 124.1% during the fourth quarter. GoalVest Advisory LLC now owns 195 shares of the computer hardware maker’s stock valued at $28,000 after purchasing an additional 108 shares during the period. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. purchased a new stake in NVIDIA during the 4th quarter worth $34,000. Financial Connections Group Inc. lifted its holdings in NVIDIA by 605.7% in the 4th quarter. Financial Connections Group Inc. now owns 247 shares of the computer hardware maker’s stock worth $36,000 after buying an additional 212 shares in the last quarter. Chelsea Counsel Co. purchased a new position in NVIDIA in the 4th quarter valued at about $37,000. Finally, NewSquare Capital LLC acquired a new stake in shares of NVIDIA during the fourth quarter valued at about $37,000. Hedge funds and other institutional investors own 64.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on NVDA. Susquehanna increased their price target on NVIDIA from $350.00 to $450.00 in a report on Thursday, May 25th. Jefferies Financial Group raised their price target on shares of NVIDIA from $472.00 to $500.00 in a research report on Tuesday. JPMorgan Chase & Co. upped their price target on shares of NVIDIA from $250.00 to $500.00 in a report on Thursday, May 25th. Mizuho boosted their target price on shares of NVIDIA from $290.00 to $400.00 in a research report on Thursday, May 25th. Finally, Westpark Capital started coverage on shares of NVIDIA in a research report on Wednesday, March 22nd. They set a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $383.19.

Insider Activity

In related news, Director John Dabiri sold 383 shares of NVIDIA stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $384.89, for a total value of $147,412.87. Following the transaction, the director now directly owns 2,034 shares in the company, valued at approximately $782,866.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director John Dabiri sold 383 shares of NVIDIA stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $384.89, for a total value of $147,412.87. Following the transaction, the director now directly owns 2,034 shares of the company’s stock, valued at $782,866.26. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Mark A. Stevens sold 40,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 20th. The shares were sold at an average price of $432.06, for a total transaction of $17,282,400.00. Following the sale, the director now owns 1,052,286 shares in the company, valued at approximately $454,650,689.16. The disclosure for this sale can be found here. In the last 90 days, insiders sold 372,988 shares of company stock worth $148,368,561. Insiders own 3.99% of the company’s stock.

NVIDIA Stock Down 1.7 %

Shares of NVDA stock opened at $430.45 on Thursday. NVIDIA Co. has a 1 year low of $108.13 and a 1 year high of $439.90. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.79 and a current ratio of 3.43. The business’s fifty day moving average is $331.50 and its 200-day moving average is $251.15. The stock has a market cap of $1.06 trillion, a PE ratio of 224.19, a price-to-earnings-growth ratio of 2.95 and a beta of 1.75.

NVIDIA (NASDAQ:NVDA – Get Rating) last released its earnings results on Wednesday, May 24th. The computer hardware maker reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.17. NVIDIA had a return on equity of 23.63% and a net margin of 18.52%. The firm had revenue of $7.19 billion for the quarter, compared to analyst estimates of $6.52 billion. During the same period in the previous year, the company earned $1.18 earnings per share. NVIDIA’s revenue was down 13.2% compared to the same quarter last year. Equities analysts expect that NVIDIA Co. will post 6.29 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Thursday, June 8th will be issued a $0.04 dividend. The ex-dividend date is Wednesday, June 7th. This represents a $0.16 annualized dividend and a dividend yield of 0.04%. NVIDIA’s dividend payout ratio is currently 8.33%.

NVIDIA Company Profile

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NVIDIA Corporation provides graphics, and compute and networking solutions in the United States, Taiwan, China, and internationally. The company's 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; vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building 3D designs and virtual worlds.