Rational Advisors Inc. Decreases Holdings in NVIDIA Corporation (NASDAQ:NVDA)

Key Points

• Rational Advisors Inc. has reduced its holdings in NVIDIA Corporation by 30.4%, leaving them with 8,827 shares worth approximately $957,000.
• Despite the reduction from Rational Advisors, other institutional investors like Astoria Portfolio Advisors and GSB Wealth Management have increased their stakes in NVIDIA during the same period.
• NVIDIA reported $0.81 EPS for the last quarter, which missed analysts' expectations, but revenue increased by 69.2% year-over-year.

Rational Advisors Inc. lessened its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 30.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,827 shares of the computer hardware maker's stock after selling 3,863 shares during the period. Rational Advisors Inc.'s holdings in NVIDIA were worth $957,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in NVDA. Astoria Portfolio Advisors LLC. raised its position in shares of NVIDIA by 0.9% in the 1st quarter. Astoria Portfolio Advisors LLC. now owns 93,568 shares of the computer hardware maker's stock worth $9,610,000 after acquiring an additional 864 shares in the last quarter. Centerpoint Advisory Group boosted its stake in shares of NVIDIA by 2.5% in the 1st quarter. Centerpoint Advisory Group now owns 39,398 shares of the computer hardware maker's stock worth $4,270,000 after buying an additional 943 shares during the last quarter. GSB Wealth Management LLC lifted its position in NVIDIA by 3.3% during 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 purchasing an additional 1,043 shares in the last quarter. Variant Private Wealth LLC lifted its position in NVIDIA by 20.6% during 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 purchasing an additional 3,206 shares in the last quarter. Finally, Financial Perspectives Inc raised its holdings in NVIDIA by 2.8% during the first quarter. Financial Perspectives Inc now owns 45,958 shares of the computer hardware maker's stock valued at $4,981,000 after acquiring an additional 1,265 shares during the period. Hedge funds and other institutional investors own 65.27% of the company's stock.

NVIDIA Stock Performance

NASDAQ NVDA opened at $180.77 on Friday. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $183.88. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.39 and a quick ratio of 2.96. The stock has a market capitalization of $4.41 trillion, a PE ratio of 58.31, a P/E/G ratio of 1.58 and a beta of 2.14. The company's 50 day simple moving average is $158.85 and its two-hundred day simple moving average is $133.52.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its 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). The business had revenue of $44.06 billion for the quarter, compared to the consensus estimate of $43.09 billion. NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. NVIDIA's revenue for the quarter was up 69.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.61 EPS. Analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

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 dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a 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

NVDA has been the subject of a number of research reports. Mizuho set a $192.00 price target on NVIDIA and gave the company an "outperform" rating in a report on Tuesday, July 15th. DA Davidson upped their price target on NVIDIA from $120.00 to $135.00 and gave the stock a "neutral" rating in a research report on Thursday, May 29th. Summit Insights raised NVIDIA from a "hold" rating to a "buy" rating in a research report on Thursday, May 29th. Wedbush reissued an "outperform" rating on shares of NVIDIA in a research report on Thursday, May 29th. Finally, BNP Paribas raised NVIDIA to a "hold" rating in a research report on Friday, August 1st. One investment analyst has rated the stock with a sell rating, five have given a hold rating, thirty-two have issued a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat, NVIDIA currently has an average rating of "Moderate Buy" and an average price target of $183.75.

Insider Buying and Selling at NVIDIA

In other news, EVP Ajay K. Puri sold 168,195 shares of NVIDIA stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $152.64, for a total value of $25,673,284.80. Following the completion of the sale, the executive vice president directly owned 4,018,547 shares in the company, valued at $613,391,014.08. The trade was a 4.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Tench Coxe sold 1,000,000 shares of NVIDIA stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $142.80, for a total transaction of $142,800,000.00. Following the completion of the sale, the director owned 26,671,360 shares of the company's stock, valued at $3,808,670,208. This represents a 3.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,537,440 shares of company stock valued at $835,035,782. 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.

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