V2 Financial group LLC Decreases Position in NVIDIA Corporation $NVDA

V2 Financial group LLC trimmed its stake in NVIDIA Corporation (NASDAQ:NVDA) by 81.7% in the 2nd quarter, Holdings Channel.com reports. The firm owned 2,977 shares of the computer hardware maker’s stock after selling 13,268 shares during the period. V2 Financial group LLC’s holdings in NVIDIA were worth $470,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Center for Financial Planning Inc. grew its position in NVIDIA by 4.6% during the second quarter. Center for Financial Planning Inc. now owns 8,429 shares of the computer hardware maker’s stock valued at $1,332,000 after buying an additional 367 shares during the period. Atria Investments Inc boosted its stake in shares of NVIDIA by 3.2% during the 2nd quarter. Atria Investments Inc now owns 942,208 shares of the computer hardware maker’s stock worth $148,859,000 after acquiring an additional 29,479 shares in the last quarter. Fielder Capital Group LLC boosted its stake in shares of NVIDIA by 9.7% during the 1st quarter. Fielder Capital Group LLC now owns 50,469 shares of the computer hardware maker’s stock worth $5,470,000 after acquiring an additional 4,444 shares in the last quarter. MADDEN SECURITIES Corp grew its position in shares of NVIDIA by 3.2% during the 2nd quarter. MADDEN SECURITIES Corp now owns 81,322 shares of the computer hardware maker’s stock valued at $12,848,000 after acquiring an additional 2,484 shares during the period. Finally, ORG Wealth Partners LLC increased its stake in shares of NVIDIA by 7.7% in the 2nd quarter. ORG Wealth Partners LLC now owns 49,301 shares of the computer hardware maker’s stock valued at $7,560,000 after purchasing an additional 3,542 shares in the last quarter. Institutional investors own 65.27% of the company’s stock.

Insider Buying and Selling at NVIDIA

In related news, EVP Debora Shoquist sold 80,000 shares of NVIDIA stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $184.65, for a total transaction of $14,772,000.00. Following the transaction, the executive vice president owned 1,574,443 shares in the company, valued at approximately $290,720,899.95. This trade represents a 4.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Harvey C. Jones sold 250,000 shares of the business’s stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $176.21, for a total value of $44,052,500.00. Following the transaction, the director directly owned 7,183,280 shares in the company, valued at $1,265,765,768.80. This trade represents a 3.36% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 2,829,474 shares of company stock valued at $512,805,367. Company insiders own 4.17% of the company’s stock.

NVIDIA Trading Down 3.3%

Shares of NVDA stock opened at $175.02 on Friday. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $212.19. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.71 and a current ratio of 4.47. The stock’s fifty day moving average is $186.69 and its two-hundred day moving average is $173.81. The firm has a market capitalization of $4.25 trillion, a P/E ratio of 43.43, a PEG ratio of 0.86 and a beta of 2.29.

NVIDIA (NASDAQ:NVDA) last issued its earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 EPS for the quarter, beating analysts’ consensus estimates of $1.23 by $0.07. The business had revenue of $57.01 billion during the quarter, compared to analysts’ expectations of $54.66 billion. NVIDIA had a net margin of 53.01% and a return on equity of 99.24%. The company’s quarterly revenue was up 62.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.81 earnings per share. Research analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Thursday, December 4th will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. The ex-dividend date of this dividend is Thursday, December 4th. NVIDIA’s dividend payout ratio (DPR) is 0.99%.

Analyst Upgrades and Downgrades

NVDA has been the topic of a number of recent analyst reports. BNP Paribas Exane increased their price target on NVIDIA from $240.00 to $250.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 18th. Daiwa Capital Markets upped their target price on NVIDIA from $165.00 to $205.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 17th. Stifel Nicolaus increased their target price on NVIDIA from $212.00 to $250.00 and gave the company a “buy” rating in a research report on Tuesday, November 18th. Bank of America boosted their price target on shares of NVIDIA from $235.00 to $275.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of NVIDIA from $180.00 to $215.00 and gave the stock a “hold” rating in a research report on Thursday, November 20th. Four research analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $258.65.

NVIDIA 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.