Central Valley Advisors LLC Decreases Position in NVIDIA Corporation (NASDAQ:NVDA)

Central Valley Advisors LLC decreased its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 10.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,643 shares of the computer hardware maker's stock after selling 2,921 shares during the period. NVIDIA accounts for approximately 1.1% of Central Valley Advisors LLC's holdings, making the stock its 29th biggest holding. Central Valley Advisors LLC's holdings in NVIDIA were worth $2,779,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Tacita Capital Inc bought a new stake in shares of NVIDIA in the 4th quarter worth about $28,000. Vision Financial Markets LLC purchased a new stake in NVIDIA in the 4th quarter worth about $38,000. Luken Investment Analytics LLC bought a new stake in NVIDIA in the fourth quarter worth about $40,000. Copia Wealth Management purchased a new position in shares of NVIDIA during the fourth quarter valued at approximately $50,000. Finally, LSV Asset Management bought a new position in shares of NVIDIA during the fourth quarter valued at approximately $54,000. Hedge funds and other institutional investors own 65.27% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Oppenheimer reissued an "outperform" rating and set a $175.00 price target on shares of NVIDIA in a research note on Monday, June 16th. William Blair reiterated an "outperform" rating on shares of NVIDIA in a research report on Thursday, March 20th. KeyCorp set a $190.00 target price on shares of NVIDIA in a research note on Wednesday, March 19th. Bank of America raised their price target on shares of NVIDIA from $150.00 to $160.00 and gave the stock a "buy" rating in a research note on Wednesday, May 14th. Finally, HSBC lowered shares of NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 price objective for the company. in a report on Thursday, April 3rd. One research analyst has rated the stock with a sell rating, four have given a hold rating, thirty-five have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, NVIDIA has an average rating of "Moderate Buy" and an average price target of $173.05.

NVIDIA Stock Up 2.6%

Shares of NVDA stock traded up $3.73 during trading hours on Tuesday, reaching $147.90. 187,010,174 shares of the company's stock were exchanged, compared to its average volume of 270,622,127. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $153.13. The company has a current ratio of 3.39, a quick ratio of 2.96 and a debt-to-equity ratio of 0.10. The stock has a market cap of $3.61 trillion, a PE ratio of 47.71, a PEG ratio of 1.27 and a beta of 2.12. The stock's fifty day moving average price is $127.76 and its two-hundred day moving average price is $126.59.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its 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 for the quarter, compared to analysts' expectations 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 period in the prior year, the firm posted $0.61 EPS. Research analysts predict that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

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

Insiders Place Their Bets

In other news, CEO Jen Hsun Huang sold 50,000 shares of the firm's stock in a transaction dated Monday, June 23rd. The stock was sold at an average price of $143.81, for a total transaction of $7,190,500.00. Following the sale, the chief executive officer now directly owns 75,673,225 shares in the company, valued at $10,882,566,487.25. This trade represents a 0.07% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director A Brooke Seawell sold 54,467 shares of the firm's stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $146.88, for a total value of $8,000,112.96. Following the completion of the sale, the director now directly owns 1,834,570 shares in the company, valued at approximately $269,461,641.60. The trade was a 2.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,393,863 shares of company stock valued at $483,709,832. 4.17% of the stock is owned by insiders.

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.