Alpine Woods Capital Investors LLC Lowers Holdings in NVIDIA Corporation (NASDAQ:NVDA)

Key Points

• Alpine Woods Capital Investors LLC significantly reduced its stake in NVIDIA by 44.2%, owning 52,014 shares post-sale, valued at approximately $5.6 million.
• Major institutional movements include Condor Capital Management increasing its NVIDIA stake by 3.6%, but overall, 65.27% of NVIDIA's stock is currently held by institutional investors.
• NVIDIA's shares recently opened at $180.00, with a projected consensus rating of "Moderate Buy" and a target price of $182.03 according to analysts' estimates.

Alpine Woods Capital Investors LLC lowered its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 44.2% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 52,014 shares of the computer hardware maker's stock after selling 41,141 shares during the quarter. NVIDIA makes up approximately 1.4% of Alpine Woods Capital Investors LLC's portfolio, making the stock its 20th largest holding. Alpine Woods Capital Investors LLC's holdings in NVIDIA were worth $5,637,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Astoria Portfolio Advisors LLC. grew its position in NVIDIA by 0.9% during the first quarter. Astoria Portfolio Advisors LLC. now owns 93,568 shares of the computer hardware maker's stock valued at $9,610,000 after buying an additional 864 shares during the period. Centerpoint Advisory Group boosted its position in NVIDIA by 2.5% during the first quarter. Centerpoint Advisory Group now owns 39,398 shares of the computer hardware maker's stock worth $4,270,000 after purchasing an additional 943 shares during the period. GSB Wealth Management LLC boosted its position in NVIDIA by 3.3% during the first quarter. GSB Wealth Management LLC now owns 32,611 shares of the computer hardware maker's stock worth $3,534,000 after purchasing an additional 1,043 shares during the period. Variant Private Wealth LLC boosted its position in NVIDIA by 20.6% during the first quarter. Variant Private Wealth LLC now owns 18,800 shares of the computer hardware maker's stock worth $2,038,000 after purchasing an additional 3,206 shares during the period. Finally, Financial Perspectives Inc boosted its position in NVIDIA by 2.8% during the first quarter. Financial Perspectives Inc now owns 45,958 shares of the computer hardware maker's stock worth $4,981,000 after purchasing an additional 1,265 shares during the period. Institutional investors own 65.27% of the company's stock.

Insiders Place Their Bets

In other news, CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction on Monday, August 4th. The shares were sold at an average price of $178.16, for a total transaction of $13,362,000.00. Following the sale, the chief executive officer owned 73,523,225 shares in the company, valued at approximately $13,098,897,766. The trade was a 0.10% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Colette Kress sold 27,650 shares of the business's stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $170.89, for a total transaction of $4,725,108.50. Following the sale, the chief financial officer owned 2,984,516 shares in the company, valued at approximately $510,023,939.24. This trade represents a 0.92% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,489,800 shares of company stock worth $826,553,003. Company insiders own 4.17% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on NVDA shares. TD Cowen raised their price objective on shares of NVIDIA from $140.00 to $175.00 and gave the company a "buy" rating in a research report on Thursday, May 29th. UBS Group reaffirmed a "buy" rating on shares of NVIDIA in a research note on Friday, May 23rd. Needham & Company LLC raised their target price on shares of NVIDIA from $160.00 to $200.00 and gave the company a "buy" rating in a research note on Wednesday, July 16th. Summit Insights raised shares of NVIDIA from a "hold" rating to a "buy" rating in a research note on Thursday, May 29th. Finally, Phillip Securities raised shares of NVIDIA from a "moderate buy" rating to a "strong-buy" rating in a research note on Monday, July 14th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-three have assigned a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat, NVIDIA has a consensus rating of "Moderate Buy" and a consensus target price of $182.03.

NVIDIA Trading Down 1.0%

NASDAQ:NVDA traded down $1.74 during trading hours on Tuesday, hitting $178.26. The company had a trading volume of 155,486,898 shares, compared to its average volume of 164,064,272. The company has a market capitalization of $4.35 trillion, a PE ratio of 57.50, a price-to-earnings-growth ratio of 1.59 and a beta of 2.14. The stock has a 50-day moving average price of $156.27 and a 200 day moving average price of $132.58. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $183.30. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.39 and a quick ratio of 2.96.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.06). The company had revenue of $44.06 billion during the quarter, compared to the consensus estimate of $43.09 billion. NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The business's revenue was up 69.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.61 EPS. On average, equities research analysts predict that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date was Wednesday, June 11th. NVIDIA's payout ratio is 1.29%.

NVIDIA Company 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.