Sage Capital Advisors llc Has $16.08 Million Position in NVIDIA Co. (NASDAQ:NVDA)

Sage Capital Advisors llc cut its stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 4.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 148,378 shares of the computer hardware maker's stock after selling 6,681 shares during the period. NVIDIA makes up approximately 4.2% of Sage Capital Advisors llc's investment portfolio, making the stock its 3rd largest holding. Sage Capital Advisors llc's holdings in NVIDIA were worth $16,081,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of NVDA. Tacita Capital Inc acquired a new position in shares of NVIDIA during the 4th quarter worth about $28,000. Vision Financial Markets LLC acquired a new position in NVIDIA during the fourth quarter valued at approximately $38,000. Luken Investment Analytics LLC acquired a new stake in shares of NVIDIA in the 4th quarter valued at approximately $40,000. Copia Wealth Management bought a new position in shares of NVIDIA in the 4th quarter valued at $50,000. Finally, LSV Asset Management acquired a new position in NVIDIA in the 4th quarter valued at approximately $54,000. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other NVIDIA news, Director Tench Coxe sold 1,000,000 shares of the firm's stock in a transaction dated 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 sale, the director now directly owns 26,671,360 shares of the company's stock, valued at $3,808,670,208. This trade represents a 3.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the firm's stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $116.80, for a total value of $525,600.00. Following the transaction, the insider now owns 479,428 shares of the company's stock, valued at approximately $55,997,190.40. The trade was a 0.93% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,560,845 shares of company stock worth $360,351,849. 4.17% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have commented 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 research note on Thursday, May 29th. Summit Insights upgraded shares of NVIDIA from a "hold" rating to a "buy" rating in a research report on Thursday, May 29th. Tigress Financial reaffirmed a "buy" rating on shares of NVIDIA in a research note on Wednesday, February 26th. DZ Bank raised shares of NVIDIA from a "hold" rating to a "strong-buy" rating in a report on Friday, February 28th. Finally, Seaport Res Ptn raised shares of NVIDIA to a "strong sell" rating in a research note on Wednesday, April 30th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-five have issued a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $172.24.

NVIDIA Stock Performance

Shares of NASDAQ NVDA traded up $2.17 during midday trading on Thursday, reaching $145.00. The company's stock had a trading volume of 161,141,087 shares, compared to its average volume of 276,913,809. The stock has a market capitalization of $3.54 trillion, a P/E ratio of 57.06, a PEG ratio of 1.76 and a beta of 2.12. The firm has a 50 day moving average price of $120.91 and a 200-day moving average price of $126.34. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. NVIDIA Co. has a 12-month low of $86.62 and a 12-month high of $153.13.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). The firm had revenue of $44.06 billion for the quarter, compared to the consensus estimate of $43.09 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The business's revenue was up 69.2% on a year-over-year basis. During the same period last year, the company posted $0.61 EPS. As a group, equities analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

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

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.