NVIDIA Co. (NASDAQ:NVDA) Shares Sold by West Bancorporation Inc.

Posted by on Jun 29th, 2023

West Bancorporation Inc. lessened its holdings in shares of NVIDIA Co. (NASDAQ:NVDA – Free Report) by 9.7% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,625 shares of the computer hardware maker’s stock after selling 174 shares during the period. West Bancorporation Inc.’s holdings in NVIDIA were worth $451,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NVDA. United Bank lifted its stake in NVIDIA by 28.9% in the first quarter. United Bank now owns 7,717 shares of the computer hardware maker’s stock valued at $2,106,000 after buying an additional 1,730 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in NVIDIA by 6.8% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,904,772 shares of the computer hardware maker’s stock valued at $1,065,457,000 after purchasing an additional 249,045 shares during the last quarter. MAS Advisors LLC raised its position in NVIDIA by 42.1% in the 1st quarter. MAS Advisors LLC now owns 1,967 shares of the computer hardware maker’s stock valued at $545,000 after purchasing an additional 583 shares during the last quarter. Navis Wealth Advisors LLC grew its position in NVIDIA by 205.3% during the 1st quarter. Navis Wealth Advisors LLC now owns 2,900 shares of the computer hardware maker’s stock worth $791,000 after purchasing an additional 1,950 shares during the last quarter. Finally, Ergoteles LLC acquired a new position in NVIDIA in the first quarter valued at $929,000. 64.00% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Oppenheimer raised their price target on NVIDIA from $350.00 to $420.00 in a report on Thursday, May 25th. Needham & Company LLC upped their price target on NVIDIA from $300.00 to $460.00 in a research note on Thursday, May 25th. Jefferies Financial Group lifted their price objective on shares of NVIDIA from $472.00 to $500.00 in a research report on Tuesday, June 20th. StockNews.com assumed coverage on shares of NVIDIA in a research report on Thursday, May 18th. They set a “hold” rating for the company. Finally, TheStreet raised shares of NVIDIA from a “c+” rating to a “b-” rating in a report on Monday, March 20th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, NVIDIA currently has an average rating of “Moderate Buy” and a consensus price target of $383.19.

Insider Activity at NVIDIA

In other NVIDIA news, Director Mark A. Stevens sold 40,000 shares of the firm’s stock in a transaction dated Tuesday, June 20th. The stock was sold at an average price of $432.06, for a total value of $17,282,400.00. Following the sale, the director now directly owns 1,052,286 shares of the company’s stock, valued at approximately $454,650,689.16. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, EVP Debora Shoquist sold 23,084 shares of the firm’s stock in a transaction on Thursday, May 18th. The shares were sold at an average price of $305.00, for a total value of $7,040,620.00. Following the transaction, the executive vice president now owns 139,860 shares of the company’s stock, valued at approximately $42,657,300. The sale 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 firm’s stock in a transaction dated Tuesday, June 20th. The shares were sold at an average price of $432.06, for a total value of $17,282,400.00. Following the completion of the transaction, the director now directly owns 1,052,286 shares in the company, valued at $454,650,689.16. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 368,271 shares of company stock worth $147,115,953. 3.99% of the stock is currently owned by insiders.

NVIDIA Trading Down 1.8 %

Shares of NVDA stock opened at $411.17 on Thursday. NVIDIA Co. has a twelve month low of $108.13 and a twelve month high of $439.90. The company has a market capitalization of $1.02 trillion, a price-to-earnings ratio of 214.15, a PEG ratio of 2.80 and a beta of 1.75. The firm has a 50-day moving average price of $346.11 and a 200 day moving average price of $259.96. The company has a current ratio of 3.43, a quick ratio of 2.79 and a debt-to-equity ratio of 0.40.

NVIDIA (NASDAQ:NVDA – Free Report) last posted its quarterly earnings data on Wednesday, May 24th. The computer hardware maker reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.17. NVIDIA had a net margin of 18.52% and a return on equity of 23.63%. The business had revenue of $7.19 billion during the quarter, compared to analyst estimates of $6.52 billion. During the same quarter in the previous year, the business posted $1.18 earnings per share. The company’s revenue was down 13.2% on a year-over-year basis. Research analysts forecast that NVIDIA Co. will post 6.31 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Thursday, June 8th will be given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.04%. The ex-dividend date of this dividend is Wednesday, June 7th. NVIDIA’s dividend payout ratio is currently 8.33%.

NVIDIA Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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