Sage Advisors LLC Has $2.27 Million Position in NVIDIA Corporation (NASDAQ:NVDA)

Sage Advisors LLC lifted its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 12.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,965 shares of the computer hardware maker's stock after acquiring an additional 2,361 shares during the quarter. NVIDIA makes up 1.6% of Sage Advisors LLC's portfolio, making the stock its 12th biggest holding. Sage Advisors LLC's holdings in NVIDIA were worth $2,272,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Tacita Capital Inc acquired a new position in NVIDIA during the fourth quarter worth $28,000. Vision Financial Markets LLC acquired a new position in NVIDIA during the fourth quarter worth $38,000. Copia Wealth Management acquired a new position in NVIDIA during the fourth quarter worth $50,000. LSV Asset Management acquired a new position in NVIDIA during the fourth quarter worth $54,000. Finally, Barnes Dennig Private Wealth Management LLC acquired a new position in NVIDIA during the first quarter worth $51,000. 65.27% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. UBS Group reissued a "buy" rating on shares of NVIDIA in a research report on Friday, May 23rd. Benchmark reissued a "buy" rating and set a $190.00 target price on shares of NVIDIA in a research report on Thursday, May 29th. Needham & Company LLC increased their target price on shares of NVIDIA from $160.00 to $200.00 and gave the stock a "buy" rating in a research report on Wednesday, July 16th. Summit Insights upgraded shares of NVIDIA from a "hold" rating to a "buy" rating in a report on Thursday, May 29th. Finally, Mizuho set a $192.00 price target on shares of NVIDIA and gave the company an "outperform" rating in a report on Tuesday, July 15th. One investment 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 given a strong buy rating to the stock. According to data from MarketBeat.com, NVIDIA presently has an average rating of "Moderate Buy" and a consensus target price of $181.22.

NVIDIA Price Performance

NVDA traded up $3.25 during midday trading on Monday, reaching $176.75. 139,407,827 shares of the company's stock were exchanged, compared to its average volume of 155,064,304. The firm has a market capitalization of $4.31 trillion, a price-to-earnings ratio of 57.02, a price-to-earnings-growth ratio of 1.53 and a beta of 2.13. The company has a quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10. NVIDIA Corporation has a one year low of $86.62 and a one year high of $177.00. The business has a 50-day simple moving average of $151.77 and a two-hundred day simple moving average of $131.09.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted 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%. The business's quarterly revenue was up 69.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.61 EPS. As a group, research analysts predict that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.02%. The ex-dividend date of this dividend was Wednesday, June 11th. NVIDIA's payout ratio is 1.29%.

Insider Transactions at NVIDIA

In other news, CFO Colette Kress sold 27,650 shares of the firm's stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $170.89, for a total transaction of $4,725,108.50. Following the completion of the sale, the chief financial officer owned 2,984,516 shares of the company's stock, valued at approximately $510,023,939.24. This trade represents a 0.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director A Brooke Seawell sold 48,792 shares of the firm's stock in a transaction that occurred on Monday, July 14th. The stock was sold at an average price of $163.96, for a total transaction of $7,999,936.32. Following the sale, the director directly 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 position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,264,800 shares of company stock valued at $786,735,503. Corporate insiders own 4.17% of the company's stock.

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.