Doliver Advisors LP Purchases 828 Shares of NVIDIA Co. (NASDAQ:NVDA)

Doliver Advisors LP raised its position in NVIDIA Co. (NASDAQ:NVDA) by 2.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,742 shares of the computer hardware maker’s stock after buying an additional 828 shares during the quarter. NVIDIA comprises about 1.3% of Doliver Advisors LP’s holdings, making the stock its 11th largest position. Doliver Advisors LP’s holdings in NVIDIA were worth $4,632,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Hickory Point Bank & Trust purchased a new stake in shares of NVIDIA during the fourth quarter worth $2,272,000. Capital Performance Advisors LLP lifted its position in shares of NVIDIA by 59.3% during the fourth quarter. Capital Performance Advisors LLP now owns 26,700 shares of the computer hardware maker’s stock worth $3,586,000 after acquiring an additional 9,944 shares in the last quarter. Waddell & Associates LLC lifted its position in shares of NVIDIA by 1.2% during the fourth 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. Strategy Asset Managers LLC lifted its position in shares of NVIDIA by 0.8% during the fourth 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. Finally, Ethos Financial Group LLC lifted its position in shares of NVIDIA by 24.1% during the fourth quarter. Ethos Financial Group LLC now owns 32,092 shares of the computer hardware maker’s stock worth $4,312,000 after acquiring an additional 6,241 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors.

NVIDIA Stock Up 0.6%

Shares of NASDAQ:NVDA opened at $142.63 on Tuesday. The stock’s 50-day moving average price is $119.10 and its 200-day moving average price is $126.11. NVIDIA Co. has a 12-month low of $86.62 and a 12-month high of $195.95. The stock has a market capitalization of $3.48 trillion, a P/E ratio of 56.13, a price-to-earnings-growth 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.

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

NVIDIA Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. NVIDIA’s payout ratio is presently 1.29%.

Analyst Upgrades and Downgrades

NVDA has been the topic of several recent research reports. Summit Insights upgraded NVIDIA from a “hold” rating to a “buy” rating in a research report on Thursday, May 29th. William Blair restated an “outperform” rating on shares of NVIDIA in a research report on Thursday, March 20th. Cantor Fitzgerald restated an “overweight” rating and set a $200.00 target price on shares of NVIDIA in a research report on Wednesday, April 16th. DA Davidson increased their target price on NVIDIA from $120.00 to $135.00 and gave the stock a “neutral” rating in a research report on Thursday, May 29th. Finally, UBS Group reiterated a “buy” rating on shares of NVIDIA in a research report on Friday, May 23rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-six have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $171.66.

Insider Buying and Selling

In related news, Director Aarti S. Shah sold 20,000 shares of the firm’s stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $118.42, for a total value of $2,368,400.00. Following the sale, the director now directly owns 53,208 shares of the company’s stock, valued at $6,300,891.36. This trade represents a 27.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Mark A. Stevens sold 125,836 shares of the firm’s stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $137.79, for a total value of $17,338,942.44. Following the completion of the sale, the director now directly owns 10,149,697 shares in the company, valued at $1,398,526,749.63. The trade was a 1.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,255,320 shares of company stock valued at $172,680,419 over the last ninety days. 4.17% of the stock is owned by insiders.

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.