Capital Advisors Inc. OK Cuts Stock Position in NVIDIA Corporation (NASDAQ:NVDA)

Key Points

• Capital Advisors Inc. OK has reduced its stake in NVIDIA Corporation by 1.2%, now holding approximately 1.125 million shares, which constitutes about 2.4% of its portfolio.
• NVIDIA reported earnings per share (EPS) of $0.81 for the most recent quarter, missing expectations, though revenue increased by 69.2% compared to the same period last year, reaching $44.06 billion.
• NVIDIA recently declared a quarterly dividend of $0.01 per share, with a 0.0% yield, and insider activity shows significant share sales by directors totaling over $800 million.

Capital Advisors Inc. OK reduced its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 1.2% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 1,125,828 shares of the computer hardware maker's stock after selling 13,519 shares during the period. NVIDIA makes up 2.4% of Capital Advisors Inc. OK's investment portfolio, making the stock its 7th largest holding. Capital Advisors Inc. OK's holdings in NVIDIA were worth $122,017,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Astoria Portfolio Advisors LLC. raised its position in shares of NVIDIA by 0.9% in the first quarter. Astoria Portfolio Advisors LLC. now owns 93,568 shares of the computer hardware maker's stock valued at $9,610,000 after buying an additional 864 shares during the last quarter. Centerpoint Advisory Group raised its position in shares of NVIDIA by 2.5% in the first quarter. Centerpoint Advisory Group now owns 39,398 shares of the computer hardware maker's stock valued at $4,270,000 after buying an additional 943 shares during the last quarter. GSB Wealth Management LLC raised its position in shares of NVIDIA by 3.3% in the first quarter. GSB Wealth Management LLC now owns 32,611 shares of the computer hardware maker's stock valued at $3,534,000 after buying an additional 1,043 shares during the last quarter. Variant Private Wealth LLC raised its position in shares of NVIDIA by 20.6% in the first quarter. Variant Private Wealth LLC now owns 18,800 shares of the computer hardware maker's stock valued at $2,038,000 after buying an additional 3,206 shares during the last quarter. Finally, Financial Perspectives Inc raised its position in shares of NVIDIA by 2.8% in the first quarter. Financial Perspectives Inc now owns 45,958 shares of the computer hardware maker's stock valued at $4,981,000 after buying an additional 1,265 shares during the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

NVIDIA Stock Down 2.3%

NASDAQ NVDA traded down $4.15 during trading hours on Friday, reaching $173.72. 203,669,565 shares of the company traded hands, compared to its average volume of 153,436,048. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $183.30. 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 capitalization of $4.24 trillion, a PE ratio of 56.04, a PEG ratio of 1.57 and a beta of 2.14. The company has a 50 day moving average of $155.30 and a two-hundred day moving average of $132.32.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings data 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 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 quarter last year, the company earned $0.61 earnings per share. The company's revenue was up 69.2% compared to the same quarter last year. As a group, equities analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

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

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on NVDA. Wedbush reissued an "outperform" rating on shares of NVIDIA in a research report on Thursday, May 29th. Raymond James Financial upped their price target on shares of NVIDIA from $150.00 to $165.00 and gave the stock a "strong-buy" rating in a research report on Thursday, May 29th. Summit Insights raised shares of NVIDIA from a "hold" rating to a "buy" rating in a research report on Thursday, May 29th. Citigroup upped their price target on shares of NVIDIA from $180.00 to $190.00 and gave the stock a "buy" rating in a research report on Monday, July 7th. Finally, Jefferies Financial Group upped their price target on shares of NVIDIA from $185.00 to $200.00 in a research report on Wednesday, July 16th. One analyst has rated the stock with a sell rating, four have given a hold rating, thirty-three have issued a buy rating and four have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $182.03.

Insider Buying and Selling

In other news, CEO Jen Hsun Huang sold 75,000 shares of the firm's stock in a transaction dated Wednesday, July 30th. The shares were sold at an average price of $178.74, for a total transaction of $13,405,500.00. Following the completion of the transaction, the chief executive officer owned 73,748,225 shares in the company, valued at approximately $13,181,757,736.50. This trade represents a 0.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Colette Kress sold 27,650 shares of the firm's stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $170.89, for a total transaction of $4,725,108.50. Following the completion of the transaction, the chief financial officer owned 2,984,516 shares of the company's stock, valued at approximately $510,023,939.24. The trade was a 0.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,339,800 shares of company stock valued at $800,141,003 in the last quarter. Company insiders own 4.17% of the company's stock.

NVIDIA 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.