DSG Capital Advisors LLC Has $11.62 Million Stock Position in NVIDIA Corporation (NASDAQ:NVDA)

DSG Capital Advisors LLC lowered its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 15.6% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 107,229 shares of the computer hardware maker's stock after selling 19,750 shares during the period. NVIDIA accounts for approximately 2.3% of DSG Capital Advisors LLC's holdings, making the stock its 13th biggest holding. DSG Capital Advisors LLC's holdings in NVIDIA were worth $11,621,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of NVDA. Wealth Group Ltd. raised its stake in NVIDIA by 1.8% during the fourth quarter. Wealth Group Ltd. now owns 5,702 shares of the computer hardware maker's stock worth $766,000 after acquiring an additional 100 shares during the period. Tallon Kerry Patrick acquired a new stake in NVIDIA during the fourth quarter worth about $972,000. Ironwood Wealth Management LLC. raised its stake in NVIDIA by 1.6% during the fourth quarter. Ironwood Wealth Management LLC. now owns 6,483 shares of the computer hardware maker's stock worth $871,000 after acquiring an additional 104 shares during the period. Brighton Jones LLC raised its stake in NVIDIA by 12.4% during the fourth quarter. Brighton Jones LLC now owns 324,901 shares of the computer hardware maker's stock worth $43,631,000 after acquiring an additional 35,815 shares during the period. Finally, Union Bancaire Privee UBP SA acquired a new stake in NVIDIA during the fourth quarter worth about $145,796,000. Institutional investors 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 business's stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $152.54, for a total transaction of $11,440,500.00. Following the transaction, the chief executive officer directly owned 75,548,225 shares in the company, valued at $11,524,126,241.50. The trade was a 0.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Ajay K. Puri sold 168,195 shares of the stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $152.64, for a total transaction of $25,673,284.80. Following the transaction, the executive vice president owned 4,018,547 shares in the company, valued at approximately $613,391,014.08. This trade represents a 4.02% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,264,800 shares of company stock valued at $786,735,503. Insiders own 4.17% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on NVDA shares. Morgan Stanley reiterated an "overweight" rating and set a $170.00 price objective (up previously from $160.00) on shares of NVIDIA in a research note on Thursday, May 29th. Piper Sandler reiterated an "overweight" rating and set a $180.00 price objective (up previously from $150.00) on shares of NVIDIA in a research note on Wednesday, May 28th. Mizuho set a $192.00 price objective on shares of NVIDIA and gave the stock an "outperform" rating in a research note on Tuesday, July 15th. Rosenblatt Securities boosted their target price on shares of NVIDIA from $178.00 to $200.00 and gave the company a "buy" rating in a research note on Thursday, May 29th. Finally, Cantor Fitzgerald reissued an "overweight" rating and set a $200.00 target price on shares of NVIDIA in a research note on Wednesday, April 16th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, thirty-three have assigned a buy rating and four have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $181.22.

NVIDIA Price Performance

NASDAQ:NVDA traded up $3.25 during trading hours on Monday, reaching $176.75. 139,407,827 shares of the company's stock were exchanged, compared to its average volume of 155,064,304. The company has a market capitalization of $4.31 trillion, a P/E ratio of 57.02, a price-to-earnings-growth ratio of 1.53 and a beta of 2.13. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $177.00. The company has a quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10. The business's 50-day simple moving average is $151.77 and its two-hundred day simple moving average is $131.09.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). The business had revenue of $44.06 billion for 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 company's quarterly revenue was up 69.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.61 earnings per share. Sell-side analysts expect that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The business also recently declared 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 annualized dividend and a dividend yield of 0.02%. The ex-dividend date of this dividend was Wednesday, June 11th. NVIDIA's dividend payout ratio is currently 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.