NVIDIA Co. (NASDAQ:NVDA) Shares Sold by Banco Santander S.A.

Banco Santander S.A. lessened its stake in NVIDIA Co. (NASDAQ:NVDAGet Rating) by 24.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 250,764 shares of the computer hardware maker’s stock after selling 80,701 shares during the quarter. NVIDIA comprises approximately 0.7% of Banco Santander S.A.’s holdings, making the stock its 15th biggest holding. Banco Santander S.A.’s holdings in NVIDIA were worth $68,424,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in NVDA. Rather & Kittrell Inc. purchased a new stake in NVIDIA during the fourth quarter worth approximately $26,000. Emerson Wealth LLC acquired a new position in shares of NVIDIA during the 1st quarter valued at $27,000. Roble Belko & Company Inc boosted its position in NVIDIA by 550.0% during the 1st quarter. Roble Belko & Company Inc now owns 104 shares of the computer hardware maker’s stock worth $28,000 after purchasing an additional 88 shares during the period. Advanced Research Investment Solutions LLC acquired a new stake in NVIDIA in the 4th quarter valued at $29,000. Finally, Claremont Financial Group Inc. purchased a new position in NVIDIA in the fourth quarter valued at about $29,000. 55.19% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at NVIDIA

In related news, EVP Debora Shoquist sold 23,644 shares of the stock in a transaction that occurred on Wednesday, June 8th. The stock was sold at an average price of $188.23, for a total value of $4,450,510.12. Following the completion of the transaction, the executive vice president now directly owns 186,476 shares of the company’s stock, valued at approximately $35,100,377.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director John Dabiri sold 2,200 shares of the firm’s stock in a transaction on Friday, May 27th. The stock was sold at an average price of $185.59, for a total transaction of $408,298.00. Following the transaction, the director now directly owns 2,712 shares of the company’s stock, valued at $503,320.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Debora Shoquist sold 23,644 shares of the company’s stock in a transaction dated Wednesday, June 8th. The stock was sold at an average price of $188.23, for a total transaction of $4,450,510.12. Following the completion of the sale, the executive vice president now directly owns 186,476 shares of the company’s stock, valued at approximately $35,100,377.48. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 139,694 shares of company stock worth $22,850,524. 4.04% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on NVDA. Barclays decreased their target price on NVIDIA from $295.00 to $200.00 and set an “overweight” rating for the company in a research report on Monday, July 25th. Piper Sandler lowered their price objective on shares of NVIDIA from $250.00 to $235.00 and set an “overweight” rating for the company in a research report on Monday, July 11th. Susquehanna dropped their price objective on shares of NVIDIA from $260.00 to $220.00 and set a “positive” rating on the stock in a research note on Wednesday, July 13th. UBS Group decreased their target price on shares of NVIDIA from $350.00 to $280.00 and set a “buy” rating for the company in a research note on Monday, May 23rd. Finally, Wedbush dropped their price target on shares of NVIDIA from $300.00 to $190.00 and set a “neutral” rating on the stock in a research note on Thursday, May 19th. Seven equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $252.24.

NVIDIA Trading Down 1.2 %

NASDAQ:NVDA opened at $189.89 on Friday. NVIDIA Co. has a 12-month low of $140.55 and a 12-month high of $346.47. The company has a debt-to-equity ratio of 0.42, a current ratio of 5.32 and a quick ratio of 4.75. The business has a 50 day simple moving average of $169.18 and a 200 day simple moving average of $205.64. The firm has a market capitalization of $474.73 billion, a P/E ratio of 50.91, a P/E/G ratio of 2.95 and a beta of 1.65.

NVIDIA (NASDAQ:NVDAGet Rating) last announced its quarterly earnings results on Wednesday, May 25th. The computer hardware maker reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.09. NVIDIA had a net margin of 32.02% and a return on equity of 43.81%. The company had revenue of $8.29 billion during the quarter, compared to the consensus estimate of $8.09 billion. During the same quarter in the previous year, the company posted $0.78 earnings per share. The company’s revenue for the quarter was up 46.4% compared to the same quarter last year. Equities research analysts predict that NVIDIA Co. will post 4.48 EPS for the current year.

NVIDIA Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 1st. Shareholders of record on Thursday, June 9th were paid a $0.04 dividend. The ex-dividend date of this dividend was Wednesday, June 8th. This represents a $0.16 annualized dividend and a dividend yield of 0.08%. NVIDIA’s payout ratio is currently 4.29%.

About NVIDIA

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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.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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