Checchi Capital Advisers LLC Has $24.50 Million Stock Holdings in NVIDIA Corporation (NASDAQ:NVDA)

Checchi Capital Advisers LLC trimmed its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 0.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 226,029 shares of the computer hardware maker's stock after selling 1,489 shares during the period. NVIDIA makes up about 1.3% of Checchi Capital Advisers LLC's holdings, making the stock its 8th biggest position. Checchi Capital Advisers LLC's holdings in NVIDIA were worth $24,497,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NVDA. Values Added Financial LLC boosted its position in shares of NVIDIA by 13.7% during the 1st quarter. Values Added Financial LLC now owns 7,313 shares of the computer hardware maker's stock worth $793,000 after purchasing an additional 880 shares in the last quarter. Castle Wealth Management LLC raised its stake in NVIDIA by 3.6% in the 1st quarter. Castle Wealth Management LLC now owns 13,404 shares of the computer hardware maker's stock valued at $1,453,000 after purchasing an additional 462 shares during the last quarter. TKG Advisors LLC increased its stake in shares of NVIDIA by 12.9% during the 1st quarter. TKG Advisors LLC now owns 48,236 shares of the computer hardware maker's stock valued at $5,228,000 after acquiring an additional 5,498 shares during the last quarter. North Capital Inc. acquired a new position in shares of NVIDIA during the 1st quarter valued at about $111,000. Finally, Barlow Wealth Partners Inc. increased its stake in shares of NVIDIA by 50.2% during the 1st quarter. Barlow Wealth Partners Inc. now owns 188,896 shares of the computer hardware maker's stock valued at $20,969,000 after acquiring an additional 63,166 shares during the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on NVDA. Seaport Res Ptn raised shares of NVIDIA to a "strong sell" rating in a research note on Wednesday, April 30th. Cantor Fitzgerald restated an "overweight" rating and issued a $200.00 price target on shares of NVIDIA in a report on Wednesday, April 16th. TD Cowen upped their price target on NVIDIA from $140.00 to $175.00 and gave the stock a "buy" rating in a report on Thursday, May 29th. Summit Insights upgraded NVIDIA from a "hold" rating to a "buy" rating in a research note on Thursday, May 29th. Finally, Mizuho set a $192.00 target price on NVIDIA and gave the company an "outperform" rating in a research note on Tuesday, July 15th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-three have issued a buy rating and four have given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $182.03.

Insider Activity at NVIDIA

In other NVIDIA news, Director A Brooke Seawell sold 48,792 shares of the business's stock in a transaction on Monday, July 14th. The stock was sold at an average price of $163.96, for a total value of $7,999,936.32. Following the transaction, the director owned 1,729,478 shares of the company's stock, valued at approximately $283,565,212.88. The trade was a 2.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Colette Kress sold 27,650 shares of the business's stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $170.89, for a total value of $4,725,108.50. Following the completion of the transaction, the chief financial officer directly owned 2,984,516 shares in the company, valued at approximately $510,023,939.24. This represents a 0.92% decrease in their position. 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 90 days. 4.17% of the stock is owned by corporate insiders.

NVIDIA Stock Performance

NVDA traded down $1.80 during midday trading on Friday, reaching $176.07. The company's stock had a trading volume of 105,302,895 shares, compared to its average volume of 248,096,203. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $183.30. The stock has a market cap of $4.30 trillion, a P/E ratio of 56.78, a PEG ratio of 1.58 and a beta of 2.13. The company has a fifty day simple moving average of $154.45 and a 200 day simple moving average of $132.03. The company has a current ratio of 3.39, a quick ratio of 2.96 and a debt-to-equity ratio of 0.10.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $44.06 billion for the quarter, compared to analyst estimates of $43.09 billion. NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. NVIDIA's revenue for the quarter was up 69.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.61 EPS. Research analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

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

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.