Wealth Alliance Advisory Group LLC Has $7.44 Million Stock Holdings in NVIDIA Corporation (NASDAQ:NVDA)

Wealth Alliance Advisory Group LLC lessened its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 6.9% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 68,672 shares of the computer hardware maker's stock after selling 5,089 shares during the period. NVIDIA comprises 1.5% of Wealth Alliance Advisory Group LLC's holdings, making the stock its 15th biggest position. Wealth Alliance Advisory Group LLC's holdings in NVIDIA were worth $7,443,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Hickory Point Bank & Trust purchased a new position in NVIDIA in the fourth quarter valued at about $2,272,000. BTC Capital Management Inc. boosted its holdings in shares of NVIDIA by 2.3% in the 1st quarter. BTC Capital Management Inc. now owns 330,176 shares of the computer hardware maker's stock valued at $35,785,000 after buying an additional 7,476 shares in the last quarter. Capital Performance Advisors LLP grew its position in shares of NVIDIA by 59.3% in the 4th quarter. Capital Performance Advisors LLP now owns 26,700 shares of the computer hardware maker's stock worth $3,586,000 after buying an additional 9,944 shares during the last quarter. Waddell & Associates LLC raised its stake in shares of NVIDIA by 1.2% during the 4th quarter. Waddell & Associates LLC now owns 24,124 shares of the computer hardware maker's stock worth $3,240,000 after acquiring an additional 297 shares in the last quarter. Finally, Strategy Asset Managers LLC raised its stake in shares of NVIDIA by 0.8% during the 4th quarter. Strategy Asset Managers LLC now owns 52,307 shares of the computer hardware maker's stock worth $7,024,000 after acquiring an additional 405 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.

Insider Activity

In other news, CFO Colette Kress sold 66,660 shares of NVIDIA stock in a transaction on Friday, March 21st. The shares were sold at an average price of $116.83, for a total transaction of $7,787,887.80. Following the transaction, the chief financial officer now directly owns 3,085,765 shares of the company's stock, valued at $360,509,924.95. This trade represents a 2.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Mark A. Stevens sold 190,000 shares of the company's stock in a transaction on Monday, June 9th. The shares were sold at an average price of $142.51, for a total transaction of $27,076,900.00. Following the completion of the sale, the director now owns 8,855,848 shares of the company's stock, valued at approximately $1,262,046,898.48. This represents a 2.10% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,540,845 shares of company stock valued at $357,983,449 in the last ninety days. 4.17% of the stock is owned by insiders.

NVIDIA Trading Up 0.9%

Shares of NVDA traded up $1.36 on Thursday, reaching $145.48. 160,943,826 shares of the company's stock were exchanged, compared to its average volume of 274,874,787. The business has a 50 day moving average price of $124.96 and a two-hundred day moving average price of $126.62. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $153.13. The stock has a market capitalization of $3.55 trillion, a P/E ratio of 46.93, a price-to-earnings-growth ratio of 1.27 and a beta of 2.12. The company has a current ratio of 3.39, a quick ratio of 2.96 and a debt-to-equity ratio of 0.10.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly 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). NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The company had revenue of $44.06 billion during the quarter, compared to analyst estimates of $43.09 billion. During the same period last year, the company earned $0.61 EPS. The business's revenue for the quarter was up 69.2% compared to the same quarter last year. Research analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

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

Analyst Ratings Changes

Several brokerages have weighed in on NVDA. Raymond James Financial raised their target price on shares of NVIDIA from $150.00 to $165.00 and gave the company a "strong-buy" rating in a research note on Thursday, May 29th. Bank of America boosted their target price on shares of NVIDIA from $150.00 to $160.00 and gave the company a "buy" rating in a research note on Wednesday, May 14th. Benchmark reiterated a "buy" rating and issued a $190.00 target price on shares of NVIDIA in a research report on Thursday, May 29th. DA Davidson raised their target price on shares of NVIDIA from $120.00 to $135.00 and gave the stock a "neutral" rating in a research note on Thursday, May 29th. Finally, Hsbc Global Res cut NVIDIA from a "strong-buy" rating to a "hold" rating in a research note on Thursday, April 3rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-five have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $173.05.

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.