NVIDIA Corporation (NASDAQ:NVDA) Stock Holdings Cut by Kercheville Advisors LLC

Kercheville Advisors LLC trimmed its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 24.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 91,374 shares of the computer hardware maker's stock after selling 30,280 shares during the period. NVIDIA accounts for about 4.0% of Kercheville Advisors LLC's investment portfolio, making the stock its 6th biggest holding. Kercheville Advisors LLC's holdings in NVIDIA were worth $9,903,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Tacita Capital Inc acquired a new position in NVIDIA during the fourth quarter valued at approximately $28,000. Vision Financial Markets LLC acquired a new position in NVIDIA during the fourth quarter valued at approximately $38,000. Copia Wealth Management acquired a new position in NVIDIA during the fourth quarter valued at approximately $50,000. Bruce G. Allen Investments LLC grew its holdings 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 valued at $53,000 after purchasing an additional 327 shares during the period. Finally, LSV Asset Management acquired a new position in NVIDIA during the fourth quarter valued at approximately $54,000. 65.27% of the stock is owned by institutional investors.

NVIDIA Trading Up 1.3%

Shares of NVDA stock traded up $2.03 during trading hours on Friday, hitting $159.28. 143,716,055 shares of the company were exchanged, compared to its average volume of 268,356,006. The firm has a market cap of $3.89 trillion, a P/E ratio of 51.38, a P/E/G ratio of 1.41 and a beta of 2.13. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $160.98. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.96 and a current ratio of 3.39. The company has a 50 day simple moving average of $136.38 and a two-hundred day simple moving average of $127.81.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings data 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 company 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%. The business's quarterly revenue was up 69.2% compared to the same quarter last year. During the same period last year, the business earned $0.61 EPS. Equities analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.03%. The ex-dividend date was Wednesday, June 11th. NVIDIA's payout ratio is currently 1.29%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on NVDA shares. Mizuho boosted their price objective on shares of NVIDIA from $170.00 to $185.00 and gave the company an "outperform" rating in a report on Thursday. Barclays upped their price target on shares of NVIDIA from $170.00 to $200.00 and gave the company an "overweight" rating in a report on Tuesday, June 17th. Hsbc Global Res lowered shares of NVIDIA from a "strong-buy" rating to a "hold" rating in a research report on Thursday, April 3rd. UBS Group reaffirmed a "buy" rating on shares of NVIDIA in a research report on Friday, May 23rd. Finally, Stifel Nicolaus set a $180.00 price objective on shares of NVIDIA in a research report on Wednesday, March 19th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-four have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, NVIDIA has an average rating of "Moderate Buy" and an average target price of $176.19.

Insider Activity at NVIDIA

In related news, Director A Brooke Seawell sold 51,740 shares of NVIDIA stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $154.62, for a total value of $8,000,038.80. Following the completion of the sale, the director owned 1,576,709 shares of the company's stock, valued at approximately $243,790,745.58. This trade represents a 3.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Ajay K. Puri sold 168,195 shares of NVIDIA 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 directly owned 4,018,547 shares in the company, valued at $613,391,014.08. This represents a 4.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,044,919 shares of company stock valued at $584,414,209. 4.17% of the stock is owned by company insiders.

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.