Central Valley Advisors LLC Lowers Holdings in NVIDIA Corporation (NASDAQ:NVDA)

Central Valley Advisors LLC cut its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 10.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,643 shares of the computer hardware maker’s stock after selling 2,921 shares during the period. NVIDIA accounts for 1.1% of Central Valley Advisors LLC’s holdings, making the stock its 29th biggest holding. Central Valley Advisors LLC’s holdings in NVIDIA were worth $2,779,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in NVDA. Norges Bank purchased a new position in NVIDIA in the 4th quarter worth approximately $43,515,504,000. GAMMA Investing LLC lifted its holdings in NVIDIA by 12,173.2% in the 1st quarter. GAMMA Investing LLC now owns 48,837,781 shares of the computer hardware maker’s stock worth $5,293,039,000 after purchasing an additional 48,439,859 shares in the last quarter. Northern Trust Corp lifted its holdings in NVIDIA by 15.8% in the 4th quarter. Northern Trust Corp now owns 266,454,194 shares of the computer hardware maker’s stock worth $35,782,134,000 after purchasing an additional 36,266,817 shares in the last quarter. Proficio Capital Partners LLC lifted its holdings in NVIDIA by 14,641.2% in the 4th quarter. Proficio Capital Partners LLC now owns 34,676,316 shares of the computer hardware maker’s stock worth $4,656,682,000 after purchasing an additional 34,441,082 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in NVIDIA in the 4th quarter worth approximately $2,987,733,000. 65.27% of the stock is owned by hedge funds and other institutional investors.

NVIDIA Price Performance

NVDA opened at $144.17 on Tuesday. The business has a fifty day moving average of $127.04 and a 200 day moving average of $126.44. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $153.13. The company has a quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10. The stock has a market cap of $3.52 trillion, a P/E ratio of 46.51, a PEG ratio of 1.27 and a beta of 2.12.

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

NVIDIA Dividend Announcement

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 $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. The ex-dividend date is Wednesday, June 11th. NVIDIA’s dividend payout ratio is 1.29%.

Analyst Ratings Changes

A number of research firms have recently commented on NVDA. KeyCorp set a $190.00 target price on NVIDIA in a research report on Wednesday, March 19th. Benchmark reiterated a “buy” rating and set a $190.00 price objective on shares of NVIDIA in a research report on Thursday, May 29th. Wedbush reissued an “outperform” rating on shares of NVIDIA in a research note on Thursday, May 29th. Stifel Nicolaus set a $180.00 target price on shares of NVIDIA in a research report on Wednesday, March 19th. Finally, Susquehanna reaffirmed a “positive” rating and issued a $180.00 price target on shares of NVIDIA in a report on Wednesday, March 19th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-five have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, NVIDIA presently has a consensus rating of “Moderate Buy” and an average price target of $173.05.

Insiders Place Their Bets

In related news, CFO Colette Kress sold 20,000 shares of the company’s stock in a transaction on Friday, June 20th. The stock was sold at an average price of $144.21, for a total transaction of $2,884,200.00. Following the completion of the sale, the chief financial officer now directly owns 173,060 shares in the company, valued at $24,956,982.60. This represents a 10.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Robert K. Burgess sold 50,000 shares of the company’s stock in a transaction on Friday, May 30th. The stock was sold at an average price of $134.82, for a total value of $6,741,000.00. Following the sale, the director now owns 201,044 shares of the company’s stock, valued at $27,104,752.08. This trade represents a 19.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,228,433 shares of company stock worth $459,710,171. 4.17% of the stock is currently owned by company insiders.

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.