Sivia Capital Partners LLC Has $8.03 Million Stake in NVIDIA Corporation (NASDAQ:NVDA)

Sivia Capital Partners LLC trimmed its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 3.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 74,044 shares of the computer hardware maker's stock after selling 2,676 shares during the period. NVIDIA comprises approximately 3.7% of Sivia Capital Partners LLC's investment portfolio, making the stock its 6th largest holding. Sivia Capital Partners LLC's holdings in NVIDIA were worth $8,025,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NVDA. Perkins Coie Trust Co increased its stake in shares of NVIDIA by 14.2% in the first quarter. Perkins Coie Trust Co now owns 49,619 shares of the computer hardware maker's stock worth $5,378,000 after purchasing an additional 6,180 shares in the last quarter. Godsey & Gibb Inc. raised its position in shares of NVIDIA by 29.8% in the first quarter. Godsey & Gibb Inc. now owns 13,777 shares of the computer hardware maker's stock worth $1,493,000 after buying an additional 3,161 shares in the last quarter. Joule Financial LLC increased its stake in NVIDIA by 14.2% in the 1st quarter. Joule Financial LLC now owns 2,263 shares of the computer hardware maker's stock worth $245,000 after acquiring an additional 282 shares during the last quarter. Princeton Global Asset Management LLC raised its holdings in shares of NVIDIA by 4.5% in the 1st quarter. Princeton Global Asset Management LLC now owns 22,327 shares of the computer hardware maker's stock valued at $2,420,000 after acquiring an additional 970 shares in the last quarter. Finally, Intergy Private Wealth LLC raised its stake in NVIDIA by 2.7% in the first quarter. Intergy Private Wealth LLC now owns 8,296 shares of the computer hardware maker's stock valued at $899,000 after purchasing an additional 215 shares in the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

NVIDIA Stock Up 0.9%

Shares of NASDAQ NVDA opened at $145.48 on Friday. The firm has a fifty day simple moving average of $125.72 and a two-hundred day simple moving average of $126.66. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $153.13. The company has a current ratio of 3.39, a quick ratio of 2.96 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $3.55 trillion, a PE ratio of 46.93, a price-to-earnings-growth ratio of 1.28 and a beta of 2.12.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.06). NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The company had revenue of $44.06 billion for the quarter, compared to analysts' expectations of $43.09 billion. During the same quarter in the prior year, the firm earned $0.61 EPS. NVIDIA's quarterly revenue was up 69.2% compared to the same quarter last year. Equities analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th will be issued a dividend of $0.01 per share. The ex-dividend date is Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. NVIDIA's dividend payout ratio (DPR) is 1.29%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on NVDA. DZ Bank upgraded NVIDIA from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 28th. Tigress Financial reaffirmed a "buy" rating on shares of NVIDIA in a research note on Wednesday, February 26th. Rosenblatt Securities increased their price target on shares of NVIDIA from $178.00 to $200.00 and gave the company a "buy" rating in a research report on Thursday, May 29th. William Blair restated an "outperform" rating on shares of NVIDIA in a report on Thursday, March 20th. Finally, Morgan Stanley reaffirmed an "overweight" rating and issued a $170.00 price objective (up previously from $160.00) on shares of NVIDIA in a research note on Thursday, May 29th. One research analyst has rated the stock with a sell rating, four have given a hold rating, thirty-five have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, NVIDIA presently has a consensus rating of "Moderate Buy" and a consensus target price of $173.05.

Insider Transactions at NVIDIA

In other NVIDIA news, Director Mark A. Stevens sold 125,836 shares of the firm's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $137.79, for a total transaction of $17,338,942.44. Following the completion of the transaction, the director now owns 10,149,697 shares of the company's stock, valued at approximately $1,398,526,749.63. This trade represents a 1.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert K. Burgess sold 50,000 shares of NVIDIA stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $134.82, for a total transaction of $6,741,000.00. Following the transaction, the director now owns 201,044 shares of the company's stock, valued at $27,104,752.08. The trade was a 19.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,469,685 shares of company stock valued at $349,669,962. 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.

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