Hudson Value Partners LLC Decreases Stake in NVIDIA Corporation (NASDAQ:NVDA)

Hudson Value Partners LLC cut its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 9.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 45,953 shares of the computer hardware maker's stock after selling 4,705 shares during the quarter. NVIDIA accounts for about 1.9% of Hudson Value Partners LLC's portfolio, making the stock its 17th biggest position. Hudson Value Partners LLC's holdings in NVIDIA were worth $4,980,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Tacita Capital Inc bought a new stake in NVIDIA during the 4th quarter worth approximately $28,000. Vision Financial Markets LLC purchased a new position in NVIDIA during the fourth quarter worth about $38,000. Copia Wealth Management purchased a new position in NVIDIA during the fourth quarter worth about $50,000. Bruce G. Allen Investments LLC grew its position in NVIDIA by 198.2% during the first quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock worth $53,000 after buying an additional 327 shares in the last quarter. Finally, LSV Asset Management purchased a new position in NVIDIA during the fourth quarter worth about $54,000. 65.27% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Truist Financial boosted their target price on NVIDIA from $205.00 to $210.00 and gave the stock a "buy" rating in a research report on Thursday, May 29th. Citigroup upped their price objective on NVIDIA from $180.00 to $190.00 and gave the stock a "buy" rating in a report on Monday, July 7th. Bank of America upped their price objective on NVIDIA from $150.00 to $160.00 and gave the stock a "buy" rating in a report on Wednesday, May 14th. Needham & Company LLC reiterated a "buy" rating and issued a $160.00 price objective on shares of NVIDIA in a report on Thursday, May 29th. Finally, William Blair reiterated an "outperform" rating on shares of NVIDIA in a report on Thursday, March 20th. One analyst has rated the stock with a sell rating, four have given a hold rating, thirty-four have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $177.72.

NVIDIA Stock Performance

NASDAQ:NVDA traded up $6.17 during mid-day trading on Tuesday, hitting $170.24. 186,431,865 shares of the company traded hands, compared to its average volume of 265,245,846. The stock's fifty day moving average price is $142.53 and its 200-day moving average price is $128.80. NVIDIA Corporation has a one year low of $86.62 and a one year high of $172.79. 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 firm has a market cap of $4.15 trillion, a price-to-earnings ratio of 54.85, a price-to-earnings-growth ratio of 1.46 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 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.06). NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The company had revenue of $44.06 billion for the quarter, compared to the consensus estimate of $43.09 billion. During the same period in the prior year, the firm posted $0.61 EPS. The business's revenue for the quarter was up 69.2% on a year-over-year basis. Research analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.02%. The ex-dividend date was Wednesday, June 11th. NVIDIA's dividend payout ratio is presently 1.29%.

Insider Activity

In other news, CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction dated Wednesday, July 9th. The stock was sold at an average price of $163.11, for a total value of $12,233,250.00. Following the transaction, the chief executive officer directly owned 74,873,225 shares in the company, valued at $12,212,571,729.75. The trade was a 0.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director A Brooke Seawell sold 49,131 shares of the business's stock in a transaction dated Thursday, July 10th. The shares were sold at an average price of $162.83, for a total value of $8,000,000.73. Following the completion of the transaction, the director owned 1,826,382 shares in the company, valued at $297,389,781.06. The trade was a 2.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 4,520,246 shares of company stock valued at $660,253,045 in the last three months. 4.17% of the stock is currently owned by corporate 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.