Alta Capital Management LLC Has $73.61 Million Position in NVIDIA Corporation (NASDAQ:NVDA)

Alta Capital Management LLC grew its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 19.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 679,191 shares of the computer hardware maker's stock after purchasing an additional 109,967 shares during the period. NVIDIA makes up approximately 4.8% of Alta Capital Management LLC's portfolio, making the stock its 4th biggest holding. Alta Capital Management LLC's holdings in NVIDIA were worth $73,611,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of NVDA. SC&H Financial Advisors Inc. grew its position in shares of NVIDIA by 1.6% in the 4th quarter. SC&H Financial Advisors Inc. now owns 5,074 shares of the computer hardware maker's stock worth $681,000 after acquiring an additional 80 shares in the last quarter. DecisionPoint Financial LLC raised its stake in NVIDIA by 2.9% during the 4th quarter. DecisionPoint Financial LLC now owns 2,878 shares of the computer hardware maker's stock valued at $386,000 after acquiring an additional 80 shares in the last quarter. BCR Wealth Strategies LLC raised its stake in shares of NVIDIA by 3.1% in the 4th quarter. BCR Wealth Strategies LLC now owns 2,919 shares of the computer hardware maker's stock worth $391,000 after buying an additional 89 shares in the last quarter. Condor Capital Management raised its position in shares of NVIDIA by 3.6% during the fourth quarter. Condor Capital Management now owns 2,559 shares of the computer hardware maker's stock worth $344,000 after purchasing an additional 89 shares during the period. Finally, Squire Investment Management Company LLC raised its position in shares of NVIDIA by 4.0% during the fourth quarter. Squire Investment Management Company LLC now owns 2,360 shares of the computer hardware maker's stock worth $317,000 after purchasing an additional 91 shares during the period. Institutional investors and hedge funds own 65.27% of the company's stock.

Insider Activity at NVIDIA

In other news, CEO Jen Hsun Huang sold 75,000 shares of the firm's stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $158.35, for a total value of $11,876,250.00. Following the transaction, the chief executive officer owned 75,023,225 shares in the company, valued at approximately $11,879,927,678.75. This trade represents a 0.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director A Brooke Seawell sold 50,514 shares of the firm's stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $158.37, for a total transaction of $7,999,902.18. Following the completion of the transaction, the director owned 1,974,784 shares in the company, valued at $312,746,542.08. This represents a 2.49% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,296,844 shares of company stock valued at $624,019,677. 4.17% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on NVDA shares. Hsbc Global Res downgraded NVIDIA from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 3rd. Barclays upped their price target on NVIDIA from $170.00 to $200.00 and gave the company an "overweight" rating in a report on Tuesday, June 17th. TD Cowen upped their price objective on NVIDIA from $140.00 to $175.00 and gave the company a "buy" rating in a research note on Thursday, May 29th. Rosenblatt Securities increased their price target on NVIDIA from $178.00 to $200.00 and gave the stock a "buy" rating in a research report on Thursday, May 29th. Finally, HSBC lowered NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 price objective on the stock. in a research report on Thursday, April 3rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, thirty-four have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $176.47.

NVIDIA Stock Performance

NASDAQ NVDA traded up $1.76 during trading on Tuesday, hitting $160.00. 137,373,549 shares of the company's stock traded hands, compared to its average volume of 267,324,071. The business has a 50 day moving average of $137.37 and a 200-day moving average of $127.97. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $160.98. The stock has a market capitalization of $3.90 trillion, a price-to-earnings ratio of 51.61, a PEG ratio of 1.41 and a beta of 2.13. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.96 and a current ratio of 3.39.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings data 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 return on equity of 105.09% and a net margin of 51.69%. The firm's revenue for the quarter was up 69.2% on a year-over-year basis. During the same quarter last year, the company posted $0.61 earnings per share. As a group, equities research analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.03%. The ex-dividend date of this dividend was Wednesday, June 11th. NVIDIA's dividend payout ratio is currently 1.29%.

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.