Emerald Mutual Fund Advisers Trust Decreases Stock Holdings in NVIDIA Corporation (NASDAQ:NVDA)

Key Points

• Emerald Mutual Fund Advisers Trust decreased its holdings in NVIDIA Corporation by 15.3%, now owning 17,350 shares after selling 3,130 during the 1st quarter, worth approximately $1,880,000.
• Significant insider selling activity was reported, with Director Tench Coxe selling 1,000,000 shares for $142.80 each, and Director Mark A. Stevens selling 935,000 shares at an average of $140.92.
• Equities research analysts generally remain positive, with Bank of America raising its target price for NVIDIA from $180.00 to $220.00 and the majority rating the stock as a moderate buy.

Emerald Mutual Fund Advisers Trust lowered its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 15.3% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,350 shares of the computer hardware maker's stock after selling 3,130 shares during the quarter. Emerald Mutual Fund Advisers Trust's holdings in NVIDIA were worth $1,880,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vision Financial Markets LLC purchased a new stake in NVIDIA in the 4th quarter worth approximately $38,000. Copia Wealth Management purchased a new stake in NVIDIA in the 4th quarter worth approximately $50,000. LSV Asset Management purchased a new stake in NVIDIA in the 4th quarter worth approximately $54,000. Barnes Dennig Private Wealth Management LLC purchased a new stake in NVIDIA in the 1st quarter worth approximately $51,000. Finally, Bruce G. Allen Investments LLC increased its holdings in NVIDIA by 198.2% in the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock worth $53,000 after acquiring an additional 327 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.

Insider Transactions at NVIDIA

In other news, Director Tench Coxe sold 1,000,000 shares of the firm's stock in a transaction on Monday, June 9th. The stock was sold at an average price of $142.80, for a total transaction of $142,800,000.00. Following the transaction, the director owned 26,671,360 shares in the company, valued at approximately $3,808,670,208. This trade represents a 3.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Mark A. Stevens sold 935,000 shares of the firm's stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $140.92, for a total value of $131,760,200.00. Following the transaction, the director owned 9,214,697 shares in the company, valued at approximately $1,298,535,101.24. This represents a 9.21% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 5,537,440 shares of company stock worth $835,035,782. Corporate insiders own 4.17% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Bank of America increased their target price on shares of NVIDIA from $180.00 to $220.00 in a report on Wednesday, July 16th. Oppenheimer upped their price target on NVIDIA from $175.00 to $200.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 15th. Mizuho set a $192.00 price target on NVIDIA and gave the stock an "outperform" rating in a research note on Tuesday, July 15th. Cantor Fitzgerald restated an "overweight" rating and issued a $200.00 price target on shares of NVIDIA in a research note on Wednesday, April 16th. Finally, Arete Research upgraded NVIDIA to a "strong-buy" rating in a research note on Wednesday, May 21st. One research analyst has rated the stock with a sell rating, five have given a hold rating, thirty-two have given a buy rating and four have given a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $183.75.

NVIDIA Stock Performance

NVDA stock opened at $180.77 on Friday. The firm has a market cap of $4.41 trillion, a price-to-earnings ratio of 58.31, a PEG ratio of 1.58 and a beta of 2.14. 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 $183.88. The business's fifty day simple moving average is $158.85 and its two-hundred day simple moving average is $133.52.

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

NVIDIA Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th were paid a dividend of $0.01 per share. The ex-dividend date 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 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.

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