Catalyst Capital Advisors LLC Boosts Position in NVIDIA Corporation (NASDAQ:NVDA)

Key Points

• Catalyst Capital Advisors LLC increased its holdings in NVIDIA Corporation by 181.2% in the first quarter, purchasing an additional 18,016 shares, bringing their total to 27,960 shares valued at $3,030,000.
• Several hedge funds, including Astoria Portfolio Advisors LLC and Centerpoint Advisory Group, have also increased their stakes in NVIDIA during the same period, reflecting a growing interest from institutional investors.
• NVIDIA recently reported a quarterly earnings miss with earnings per share of $0.81, falling short of analysts' expectations, although the company did see a 69.2% year-over-year revenue increase.

Catalyst Capital Advisors LLC increased its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 181.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,960 shares of the computer hardware maker's stock after acquiring an additional 18,016 shares during the quarter. Catalyst Capital Advisors LLC's holdings in NVIDIA were worth $3,030,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the business. Condor Capital Management boosted its position in NVIDIA by 3.6% in 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 last quarter. Kelly Financial Services LLC grew its position in NVIDIA by 2.0% during the first quarter. Kelly Financial Services LLC now owns 4,736 shares of the computer hardware maker's stock valued at $513,000 after buying an additional 94 shares during the period. Foundry Financial Group Inc. increased its holdings in NVIDIA by 2.2% during the fourth quarter. Foundry Financial Group Inc. now owns 4,387 shares of the computer hardware maker's stock valued at $589,000 after buying an additional 96 shares during the last quarter. Mendel Capital Management LLC boosted its stake in shares of NVIDIA by 0.8% during the 1st quarter. Mendel Capital Management LLC now owns 11,871 shares of the computer hardware maker's stock worth $1,287,000 after acquiring an additional 96 shares during the last quarter. Finally, Wallace Hart LLC grew its position in shares of NVIDIA by 3.9% during the 4th quarter. Wallace Hart LLC now owns 2,599 shares of the computer hardware maker's stock valued at $349,000 after acquiring an additional 97 shares during the period. Institutional investors own 65.27% of the company's stock.

NVIDIA Trading Down 2.3%

Shares of NVDA traded down $4.15 during trading on Friday, reaching $173.72. 203,669,565 shares of the company traded hands, compared to its average volume of 248,821,531. The stock has a 50-day simple moving average of $154.45 and a 200-day simple moving average of $132.03. The company has a quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $183.30. The stock has a market cap of $4.24 trillion, a PE ratio of 56.04, a price-to-earnings-growth ratio of 1.58 and a beta of 2.13.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings results 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). NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The firm had revenue of $44.06 billion for the quarter, compared to analyst estimates of $43.09 billion. During the same quarter last year, the company earned $0.61 earnings per share. The firm's revenue for the quarter was up 69.2% on a year-over-year basis. On average, analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th were paid a $0.01 dividend. The ex-dividend date of this dividend was Wednesday, June 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. NVIDIA's dividend payout ratio (DPR) is presently 1.29%.

Insider Buying and Selling at NVIDIA

In related news, Director Mark A. Stevens sold 935,000 shares of NVIDIA stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $140.92, for a total value of $131,760,200.00. Following the completion of the transaction, the director directly owned 9,214,697 shares in the company, valued at approximately $1,298,535,101.24. This trade represents a 9.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Ajay K. Puri sold 168,195 shares of the stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $152.64, for a total value of $25,673,284.80. Following the completion of the sale, the executive vice president directly owned 4,018,547 shares in the company, valued at $613,391,014.08. This represents a 4.02% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 5,339,800 shares of company stock worth $800,141,003. 4.17% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts have issued reports on the company. The Goldman Sachs Group initiated coverage on NVIDIA in a report on Thursday, July 10th. They set a "buy" rating and a $185.00 price target for the company. Arete Research upgraded shares of NVIDIA to a "strong-buy" rating in a research note on Wednesday, May 21st. Raymond James Financial increased their price target on NVIDIA from $150.00 to $165.00 and gave the stock a "strong-buy" rating in a research note on Thursday, May 29th. Jefferies Financial Group upped their price objective on NVIDIA from $185.00 to $200.00 in a research note on Wednesday, July 16th. Finally, Seaport Res Ptn raised NVIDIA to a "strong sell" rating in a report on Wednesday, April 30th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-three have given a buy rating and four have issued a strong buy rating to the company's stock. Based on data from MarketBeat, NVIDIA currently has an average rating of "Moderate Buy" and an average target price of $182.03.

About NVIDIA

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.