PSI Advisors LLC Has $1.95 Million Holdings in NVIDIA Corporation (NASDAQ:NVDA)

PSI Advisors LLC trimmed its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 44.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,953 shares of the computer hardware maker's stock after selling 14,223 shares during the period. NVIDIA accounts for approximately 0.6% of PSI Advisors LLC's investment portfolio, making the stock its 27th biggest holding. PSI Advisors LLC's holdings in NVIDIA were worth $1,946,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Tacita Capital Inc purchased a new position in NVIDIA in the fourth quarter valued at $28,000. Vision Financial Markets LLC acquired a new position in NVIDIA in the 4th quarter valued at $38,000. Copia Wealth Management purchased a new position in shares of NVIDIA in the fourth quarter worth about $50,000. Bruce G. Allen Investments LLC boosted its holdings in shares of NVIDIA by 198.2% during the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock worth $53,000 after purchasing an additional 327 shares during the last quarter. Finally, LSV Asset Management purchased a new stake in NVIDIA in the 4th quarter valued at $54,000. 65.27% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction on Monday, June 30th. The stock was sold at an average price of $157.53, for a total transaction of $11,814,750.00. Following the sale, the chief executive officer owned 75,323,225 shares of the company's stock, valued at $11,865,667,634.25. The trade was a 0.10% decrease in their position. 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 51,740 shares of the business's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $154.62, for a total transaction of $8,000,038.80. Following the sale, the director owned 1,576,709 shares in the company, valued at $243,790,745.58. This trade represents a 3.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,044,919 shares of company stock valued at $584,414,209. Insiders own 4.17% of the company's stock.

NVIDIA Stock Down 0.7%

Shares of NASDAQ NVDA traded down $1.10 during midday trading on Monday, reaching $158.24. 139,752,171 shares of the company's stock were exchanged, compared to its average volume of 267,843,050. The business's fifty day moving average price is $136.38 and its two-hundred day moving average price is $127.81. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $160.98. The stock has a market capitalization of $3.86 trillion, a PE ratio of 51.05, a price-to-earnings-growth ratio of 1.41 and a beta of 2.13. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.96 and a current ratio of 3.39.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued 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). NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. 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 previous year, the business posted $0.61 EPS. The business's revenue for the quarter was up 69.2% on a year-over-year basis. Analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

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

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on NVDA shares. Morgan Stanley restated an "overweight" rating and set a $170.00 price target (up previously from $160.00) on shares of NVIDIA in a report on Thursday, May 29th. Loop Capital lifted their target price on NVIDIA from $175.00 to $250.00 and gave the company a "buy" rating in a report on Wednesday, June 25th. Oppenheimer reiterated an "outperform" rating and set a $175.00 target price on shares of NVIDIA in a research note on Monday, June 16th. Susquehanna reissued a "positive" rating and set a $180.00 price objective on shares of NVIDIA in a report on Wednesday, March 19th. Finally, Piper Sandler reiterated an "overweight" rating and issued a $180.00 price objective (up previously from $150.00) on shares of NVIDIA in a research note on Wednesday, May 28th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-four have issued a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat, NVIDIA currently has a consensus rating of "Moderate Buy" and a consensus price target of $176.47.

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.