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

Sage Capital Advisors llc reduced its holdings in NVIDIA Co. (NASDAQ:NVDA) by 4.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 148,378 shares of the computer hardware maker’s stock after selling 6,681 shares during the quarter. NVIDIA comprises 4.2% of Sage Capital Advisors llc’s investment portfolio, making the stock its 3rd largest position. Sage Capital Advisors llc’s holdings in NVIDIA were worth $16,081,000 as of its most recent SEC filing.

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

NVIDIA Price Performance

Shares of NVDA opened at $141.72 on Monday. The firm has a market cap of $3.46 trillion, a PE ratio of 55.77, a P/E/G ratio of 1.76 and a beta of 2.12. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. The firm has a fifty day simple moving average of $118.45 and a two-hundred day simple moving average of $126.10. NVIDIA Co. has a 1-year low of $86.62 and a 1-year high of $195.95.

NVIDIA (NASDAQ:NVDA) last announced 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 company had revenue of $44.06 billion for the quarter, compared to analysts’ expectations of $43.09 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. NVIDIA’s quarterly revenue was up 69.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.61 earnings per share. On average, equities analysts anticipate that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th will be paid 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 yield of 0.03%. NVIDIA’s dividend payout ratio is presently 1.29%.

Wall Street Analyst Weigh In

Several analysts have weighed in on NVDA shares. Rosenblatt Securities lifted their price objective on NVIDIA from $178.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, May 29th. Mizuho lifted their price objective on NVIDIA from $168.00 to $170.00 and gave the company an “outperform” rating in a research report on Thursday, May 29th. Tigress Financial reaffirmed a “buy” rating on shares of NVIDIA in a research report on Wednesday, February 26th. Stifel Nicolaus set a $180.00 price objective on NVIDIA in a research report on Wednesday, March 19th. Finally, KeyCorp set a $190.00 price objective on NVIDIA in a research report on Wednesday, March 19th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-six have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $171.66.

Insider Buying and Selling at NVIDIA

In other news, insider Donald F. Robertson, Jr. sold 4,500 shares of the company’s stock in a transaction on Friday, March 21st. The stock was sold at an average price of $116.80, for a total value of $525,600.00. Following the completion of the sale, the insider now directly owns 479,428 shares in the company, valued at $55,997,190.40. This represents a 0.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Robert K. Burgess sold 53,324 shares of the company’s stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $115.49, for a total value of $6,158,388.76. Following the completion of the sale, the director now owns 251,044 shares of the company’s stock, valued at $28,993,071.56. This trade represents a 17.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,255,320 shares of company stock worth $172,680,419. Insiders own 4.17% of the company’s stock.

About NVIDIA

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.