Advisory Alpha LLC Lowers Holdings in NVIDIA Co. (NASDAQ:NVDA)

Advisory Alpha LLC lowered its position in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 50.3% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 54,608 shares of the computer hardware maker's stock after selling 55,225 shares during the period. Advisory Alpha LLC's holdings in NVIDIA were worth $5,918,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Hickory Point Bank & Trust purchased a new position in NVIDIA during the fourth quarter worth about $2,272,000. Capital Performance Advisors LLP increased its holdings in shares of NVIDIA by 59.3% during the 4th quarter. Capital Performance Advisors LLP now owns 26,700 shares of the computer hardware maker's stock worth $3,586,000 after buying an additional 9,944 shares during the last quarter. Waddell & Associates LLC raised its position in shares of NVIDIA by 1.2% during the 4th quarter. Waddell & Associates LLC now owns 24,124 shares of the computer hardware maker's stock valued at $3,240,000 after buying an additional 297 shares during the period. Strategy Asset Managers LLC lifted its holdings in NVIDIA by 0.8% in the fourth quarter. Strategy Asset Managers LLC now owns 52,307 shares of the computer hardware maker's stock valued at $7,024,000 after acquiring an additional 405 shares during the last quarter. Finally, Ethos Financial Group LLC grew its position in NVIDIA by 24.1% in the fourth quarter. Ethos Financial Group LLC now owns 32,092 shares of the computer hardware maker's stock worth $4,312,000 after acquiring an additional 6,241 shares during the period. Institutional investors and hedge funds own 65.27% of the company's stock.

NVIDIA Price Performance

NVIDIA stock traded up $1.33 during trading hours on Tuesday, hitting $143.96. The stock had a trading volume of 154,969,369 shares, compared to its average volume of 273,132,656. NVIDIA Co. has a 1-year low of $86.62 and a 1-year high of $153.13. The stock has a market capitalization of $3.51 trillion, a price-to-earnings ratio of 56.65, a PEG ratio of 1.76 and a beta of 2.12. The stock's fifty day moving average is $119.10 and its two-hundred day moving average is $126.11. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). The business had revenue of $44.06 billion during the quarter, compared to analyst estimates of $43.09 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. NVIDIA's revenue was up 69.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.61 earnings per share. As a group, analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th will be given a dividend of $0.01 per share. The ex-dividend date is Wednesday, June 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. NVIDIA's dividend payout ratio is currently 1.29%.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Needham & Company LLC reaffirmed a "buy" rating and issued a $160.00 price target on shares of NVIDIA in a research note on Thursday, May 29th. Stifel Nicolaus set a $180.00 target price on shares of NVIDIA in a research report on Wednesday, March 19th. KeyCorp set a $190.00 price target on shares of NVIDIA in a research report on Wednesday, March 19th. Raymond James boosted their price target on shares of NVIDIA from $150.00 to $165.00 and gave the company a "strong-buy" rating in a research note on Thursday, May 29th. Finally, Barclays reaffirmed an "overweight" rating and set a $170.00 price objective (up previously from $155.00) on shares of NVIDIA in a research report on Thursday, May 29th. One research analyst has rated the stock with a sell rating, five have given a hold rating, thirty-six have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, NVIDIA presently has an average rating of "Moderate Buy" and a consensus price target of $171.66.

Insider Activity at NVIDIA

In related news, Director Robert K. Burgess sold 50,000 shares of the business's stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $134.82, for a total value of $6,741,000.00. Following the completion of the transaction, the director now owns 201,044 shares of the company's stock, valued at approximately $27,104,752.08. The trade was a 19.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Mark A. Stevens sold 125,836 shares of the company's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $137.79, for a total transaction of $17,338,942.44. Following the completion of the transaction, the director now owns 10,149,697 shares in the company, valued at approximately $1,398,526,749.63. This trade represents a 1.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,255,320 shares of company stock valued at $172,680,419. 4.17% of the stock is owned by corporate insiders.

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.