CV Advisors LLC Has $11.50 Million Position in NVIDIA Corporation (NASDAQ:NVDA)

CV Advisors LLC decreased its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA) by 22.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 106,072 shares of the computer hardware maker’s stock after selling 30,817 shares during the period. NVIDIA comprises 4.0% of CV Advisors LLC’s portfolio, making the stock its 7th biggest holding. CV Advisors LLC’s holdings in NVIDIA were worth $11,496,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NVDA. GSB Wealth Management LLC increased its holdings in shares of NVIDIA by 3.3% during the first quarter. GSB Wealth Management LLC now owns 32,611 shares of the computer hardware maker’s stock worth $3,534,000 after buying an additional 1,043 shares in the last quarter. Variant Private Wealth LLC increased its holdings in shares of NVIDIA by 20.6% during the first quarter. Variant Private Wealth LLC now owns 18,800 shares of the computer hardware maker’s stock worth $2,038,000 after buying an additional 3,206 shares in the last quarter. Financial Perspectives Inc increased its holdings in shares of NVIDIA by 2.8% during the first quarter. Financial Perspectives Inc now owns 45,958 shares of the computer hardware maker’s stock worth $4,981,000 after buying an additional 1,265 shares in the last quarter. Hickory Point Bank & Trust acquired a new stake in shares of NVIDIA during the fourth quarter worth approximately $2,272,000. Finally, Pegasus Asset Management Inc. increased its holdings in shares of NVIDIA by 0.3% during the first quarter. Pegasus Asset Management Inc. now owns 76,750 shares of the computer hardware maker’s stock worth $8,318,000 after buying an additional 197 shares in the last quarter. Institutional investors own 65.27% of the company’s stock.

NVIDIA Stock Performance

NVIDIA stock opened at $164.92 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. The company has a market capitalization of $4.02 trillion, a P/E ratio of 53.20, a PEG ratio of 1.46 and a beta of 2.13. The stock’s 50 day moving average is $141.53 and its 200 day moving average is $128.69. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $167.89.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.06). The business had revenue of $44.06 billion during the quarter, compared to the consensus estimate of $43.09 billion. NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The business’s revenue was up 69.2% compared to the same quarter last year. During the same period last year, the company posted $0.61 earnings per share. On average, equities research analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th were given a $0.01 dividend. The ex-dividend date was Wednesday, June 11th. This represents a $0.04 annualized dividend and a yield of 0.02%. NVIDIA’s dividend payout ratio (DPR) is presently 1.29%.

Insiders Place Their Bets

In related news, Director Mark A. Stevens sold 935,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $140.92, for a total value of $131,760,200.00. Following the transaction, the director directly owned 9,214,697 shares of the company’s stock, valued at approximately $1,298,535,101.24. This represents a 9.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Tench Coxe sold 1,000,000 shares of the company’s stock in a transaction that occurred on Monday, June 9th. The shares were 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 in the company, valued at $3,808,670,208. This trade represents a 3.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,520,246 shares of company stock valued at $660,253,045. Insiders own 4.17% of the company’s stock.

Analyst Upgrades and Downgrades

NVDA has been the subject of several recent analyst reports. Susquehanna reaffirmed a “positive” rating and set a $180.00 price objective on shares of NVIDIA in a report on Wednesday, March 19th. Loop Capital upped their price objective on NVIDIA from $175.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, June 25th. Benchmark restated a “buy” rating and issued a $190.00 price target on shares of NVIDIA in a report on Thursday, May 29th. The Goldman Sachs Group assumed coverage on NVIDIA in a report on Thursday. They issued a “buy” rating and a $185.00 price target for the company. Finally, Oppenheimer restated an “outperform” rating and issued a $175.00 price target on shares of NVIDIA in a report on Monday, June 16th. One 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 given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, NVIDIA presently has a consensus rating of “Moderate Buy” and an average target price of $177.03.

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.