Shelton Capital Management Decreases Holdings in NVIDIA Co. (NASDAQ:NVDA)

Shelton Capital Management trimmed its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 81.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 11,041 shares of the computer hardware maker’s stock after selling 49,050 shares during the quarter. Shelton Capital Management’s holdings in NVIDIA were worth $61,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in NVDA. Reynders McVeigh Capital Management LLC boosted its holdings in NVIDIA by 14.2% in the first quarter. Reynders McVeigh Capital Management LLC now owns 59,886 shares of the computer hardware maker’s stock worth $10,753,000 after purchasing an additional 7,443 shares in the last quarter. Swiss National Bank boosted its holdings in NVIDIA by 3.0% in the first quarter. Swiss National Bank now owns 1,934,385 shares of the computer hardware maker’s stock worth $347,338,000 after purchasing an additional 56,700 shares in the last quarter. Norinchukin Bank The boosted its holdings in NVIDIA by 2.2% in the first quarter. Norinchukin Bank The now owns 147,486 shares of the computer hardware maker’s stock worth $26,483,000 after purchasing an additional 3,151 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in NVIDIA by 147.3% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 65,182 shares of the computer hardware maker’s stock worth $11,704,000 after purchasing an additional 38,827 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC boosted its holdings in NVIDIA by 20.0% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 206,079 shares of the computer hardware maker’s stock valued at $37,004,000 after acquiring an additional 34,316 shares during the period. 67.51% of the stock is owned by hedge funds and other institutional investors.

Several research firms recently weighed in on NVDA. Piper Jaffray Companies began coverage on shares of NVIDIA in a research note on Tuesday, March 26th. They issued an “overweight” rating and a $200.00 target price for the company. Craig Hallum initiated coverage on shares of NVIDIA in a research report on Thursday, March 14th. They issued a “hold” rating for the company. Wells Fargo & Co raised their price objective on shares of NVIDIA from $170.00 to $190.00 and gave the stock a “positive” rating in a report on Tuesday, March 19th. Stifel Nicolaus dropped their price objective on shares of NVIDIA from $150.00 to $145.00 and set a “hold” rating for the company in a report on Tuesday, May 14th. Finally, Mizuho reaffirmed a “buy” rating and set a $195.00 price objective on shares of NVIDIA in a report on Wednesday, March 13th. Four equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and twenty-five have given a buy rating to the stock. NVIDIA has a consensus rating of “Hold” and an average target price of $194.46.

In other news, Director Harvey C. Jones sold 100,000 shares of the company’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of $145.10, for a total value of $14,510,000.00. Following the sale, the director now directly owns 32,983 shares of the company’s stock, valued at approximately $4,785,833.30. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Colette Kress sold 2,236 shares of the stock in a transaction on Friday, June 28th. The stock was sold at an average price of $164.01, for a total transaction of $366,726.36. Following the transaction, the chief financial officer now directly owns 239,710 shares in the company, valued at $39,314,837.10. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 108,059 shares of company stock worth $15,953,981. Insiders own 4.64% of the company’s stock.

NASDAQ NVDA traded up $1.94 on Monday, hitting $166.17. The company’s stock had a trading volume of 17,025,496 shares, compared to its average volume of 13,991,700. The company has a debt-to-equity ratio of 0.25, a quick ratio of 7.78 and a current ratio of 8.98. NVIDIA Co. has a 1-year low of $124.46 and a 1-year high of $292.76. The stock’s 50-day simple moving average is $150.22. The company has a market capitalization of $101.20 billion, a price-to-earnings ratio of 27.38, a PEG ratio of 4.15 and a beta of 2.09.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings results on Thursday, May 16th. The computer hardware maker reported $0.88 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.07. NVIDIA had a net margin of 30.68% and a return on equity of 31.27%. The firm had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.20 billion. During the same period in the prior year, the company posted $2.05 EPS. The company’s revenue was down 30.8% on a year-over-year basis. As a group, research analysts expect that NVIDIA Co. will post 4.22 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 21st. Stockholders of record on Friday, May 31st were paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.39%. The ex-dividend date of this dividend was Thursday, May 30th. NVIDIA’s dividend payout ratio is currently 10.54%.

NVIDIA Profile

NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the Graphics Processing Unit (GPU) and Tegra Processor segments. The GPU segment comprises of product brands which aims specialized markets including GeForce for gamers; Quadro for designers; Tesla and DGX for AI data scientists and big data researchers; and GRID for cloud-based visual computing users.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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