NVIDIA Corporation $NVDA Shares Sold by Front Row Advisors LLC

Front Row Advisors LLC lessened its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 2.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 277,762 shares of the computer hardware maker's stock after selling 6,428 shares during the quarter. NVIDIA comprises approximately 15.3% of Front Row Advisors LLC's holdings, making the stock its largest position. Front Row Advisors LLC's holdings in NVIDIA were worth $43,886,000 as of its most recent SEC filing.

• Synopsys Sees Bullish Shift as Ansys Integration Drives Growth

A number of other large investors also recently modified their holdings of the business. State Street Corp boosted its holdings in NVIDIA by 1.0% in the 2nd quarter. State Street Corp now owns 978,208,862 shares of the computer hardware maker's stock valued at $154,556,803,000 after purchasing an additional 9,554,857 shares during the period. Geode Capital Management LLC grew its position in NVIDIA by 1.5% in the second quarter. Geode Capital Management LLC now owns 579,213,497 shares of the computer hardware maker's stock valued at $91,150,170,000 after acquiring an additional 8,521,936 shares during the period. Kingstone Capital Partners Texas LLC raised its stake in NVIDIA by 267,959.7% during the second quarter. Kingstone Capital Partners Texas LLC now owns 382,373,765 shares of the computer hardware maker's stock worth $64,976,521,000 after acquiring an additional 382,231,120 shares in the last quarter. Norges Bank bought a new position in shares of NVIDIA during the second quarter valued at $51,386,863,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of NVIDIA by 2.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 206,794,926 shares of the computer hardware maker's stock valued at $22,412,434,000 after purchasing an additional 5,896,735 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on NVDA shares. Raymond James Financial set a $272.00 target price on shares of NVIDIA and gave the stock a "strong-buy" rating in a research report on Thursday, November 20th. Needham & Company LLC reiterated a "buy" rating and issued a $240.00 target price on shares of NVIDIA in a research note on Thursday, November 20th. Rosenblatt Securities boosted their target price on NVIDIA from $240.00 to $245.00 and gave the stock a "buy" rating in a report on Thursday, November 20th. Citigroup raised their price target on NVIDIA from $220.00 to $270.00 and gave the company a "buy" rating in a report on Thursday, November 20th. Finally, Benchmark lifted their price objective on NVIDIA from $220.00 to $250.00 and gave the company a "buy" rating in a research report on Thursday, November 20th. Four investment analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, NVIDIA has an average rating of "Buy" and an average price target of $258.65.

• Qualcomm Just Got Called an AI Loser—So Why Is It Rallying?

View Our Latest Research Report on NVDA

NVIDIA Stock Down 3.3%

NASDAQ NVDA opened at $175.02 on Friday. The stock has a market capitalization of $4.25 trillion, a P/E ratio of 43.43, a price-to-earnings-growth ratio of 0.86 and a beta of 2.29. NVIDIA Corporation has a 52 week low of $86.62 and a 52 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 has a fifty day moving average of $186.69 and a 200-day moving average of $173.81.

• Santa Claus May Be Coming Early for Palantir Investors

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.07. The business had revenue of $57.01 billion for the quarter, compared to analyst estimates of $54.66 billion. NVIDIA had a return on equity of 99.24% and a net margin of 53.01%.The firm's revenue for the quarter was up 62.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.81 earnings per share. On average, equities research analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Stockholders of record on Thursday, December 4th will be given a dividend of $0.01 per share. The ex-dividend date is Thursday, December 4th. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. NVIDIA's payout ratio is currently 0.99%.

Insider Buying and Selling at NVIDIA

In related news, CFO Colette Kress sold 30,500 shares of the stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $178.11, for a total value of $5,432,355.00. Following the transaction, the chief financial officer directly owned 1,286,826 shares in the company, valued at $229,196,578.86. This represents a 2.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director A Brooke Seawell sold 12,728 shares of the firm's stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $183.93, for a total transaction of $2,341,061.04. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 2,829,474 shares of company stock valued at $512,805,367 over the last 90 days. Company insiders own 4.17% of the company's stock.

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.

Further Reading

• Five stocks we like better than NVIDIA
• 3 Fintech Stocks With Good 2021 Prospects
• Disney's $1 Billion Deal Brings Its Magic to OpenAI
• What is a Low P/E Ratio and What Does it Tell Investors?
• Why Amazon Could Be a $300 Stock Within Weeks
• How to Use the MarketBeat Dividend Calculator
• Adobe Gets Post-Earnings Lift: Long-Term Outlook Favors Upside

Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Corporation (NASDAQ:NVDA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in NVIDIA Right Now?

Before you consider NVIDIA, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NVIDIA wasn't on the list.

While NVIDIA currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here