NVIDIA Corporation (NASDAQ:NVDA) Shares Sold by Kercheville Advisors LLC

Kercheville Advisors LLC cut its stake in NVIDIA Corporation (NASDAQ:NVDA) by 24.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 91,374 shares of the computer hardware maker’s stock after selling 30,280 shares during the period. NVIDIA comprises approximately 4.0% of Kercheville Advisors LLC’s holdings, making the stock its 6th largest holding. Kercheville Advisors LLC’s holdings in NVIDIA were worth $9,903,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Vivid Wealth Management LLC raised its holdings in shares of NVIDIA by 4.5% in the 1st quarter. Vivid Wealth Management LLC now owns 22,245 shares of the computer hardware maker’s stock worth $2,411,000 after buying an additional 960 shares in the last quarter. Vicus Capital raised its holdings in shares of NVIDIA by 7.1% in the 1st quarter. Vicus Capital now owns 43,273 shares of the computer hardware maker’s stock worth $4,690,000 after buying an additional 2,887 shares in the last quarter. AA Financial Advisors LLC raised its holdings in shares of NVIDIA by 13.8% in the 1st quarter. AA Financial Advisors LLC now owns 32,619 shares of the computer hardware maker’s stock worth $3,535,000 after buying an additional 3,954 shares in the last quarter. Inscription Capital LLC acquired a new position in shares of NVIDIA in the 1st quarter worth approximately $837,000. Finally, Blackston Financial Advisory Group LLC raised its holdings in shares of NVIDIA by 15.9% in the 1st quarter. Blackston Financial Advisory Group LLC now owns 27,299 shares of the computer hardware maker’s stock worth $2,959,000 after buying an additional 3,741 shares in the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other NVIDIA news, Director Tench Coxe sold 1,000,000 shares of the business’s stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $142.80, for a total value of $142,800,000.00. Following the completion of the transaction, the director directly owned 26,671,360 shares of the company’s stock, valued at approximately $3,808,670,208. The trade was a 3.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mark A. Stevens sold 935,000 shares of the business’s stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $140.92, for a total value of $131,760,200.00. Following the completion of the transaction, the director directly owned 9,214,697 shares of the company’s stock, valued at approximately $1,298,535,101.24. The trade was a 9.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,044,919 shares of company stock valued at $584,414,209 in the last three months. Insiders own 4.17% of the company’s stock.

NVIDIA Stock Up 1.3%

Shares of NVIDIA stock opened at $159.28 on Friday. The company has a quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $160.98. The business has a fifty day simple moving average of $135.41 and a 200 day simple moving average of $127.64. The stock has a market cap of $3.89 trillion, a PE ratio of 51.38, a price-to-earnings-growth ratio of 1.39 and a beta of 2.13.

NVIDIA (NASDAQ:NVDA) last posted its earnings results 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 51.69% and a return on equity of 105.09%. The business had revenue of $44.06 billion during the quarter, compared to analyst estimates of $43.09 billion. During the same period in the previous year, the firm posted $0.61 earnings per share. The firm’s revenue was up 69.2% on a year-over-year basis. Research analysts predict that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th were paid a $0.01 dividend. The ex-dividend date was Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. NVIDIA’s payout ratio is 1.29%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on NVDA shares. Hsbc Global Res cut NVIDIA from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 3rd. Raymond James Financial lifted their price objective on NVIDIA from $150.00 to $165.00 and gave the company a “strong-buy” rating in a research report on Thursday, May 29th. Summit Insights upgraded NVIDIA from a “hold” rating to a “buy” rating in a research report on Thursday, May 29th. Barclays lifted their price objective on NVIDIA from $170.00 to $200.00 and gave the company an “overweight” rating in a research report on Tuesday, June 17th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $160.00 price objective on shares of NVIDIA in a research report on Thursday, May 29th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, thirty-four have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $176.19.

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.