Southern Capital Advisors LLC Buys 108 Shares of NVIDIA Corporation (NASDAQ:NVDA)

Southern Capital Advisors LLC boosted its stake in NVIDIA Corporation (NASDAQ:NVDA) by 2.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,868 shares of the computer hardware maker’s stock after acquiring an additional 108 shares during the quarter. Southern Capital Advisors LLC’s holdings in NVIDIA were worth $528,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in NVDA. Centerpoint Advisory Group lifted its position in NVIDIA by 2.5% during the 1st quarter. Centerpoint Advisory Group now owns 39,398 shares of the computer hardware maker’s stock worth $4,270,000 after buying an additional 943 shares in the last quarter. GSB Wealth Management LLC lifted its position in NVIDIA by 3.3% during the 1st 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 lifted its position in NVIDIA by 20.6% during the 1st 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 lifted its position in NVIDIA by 2.8% during the 1st 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. Finally, Hickory Point Bank & Trust bought a new stake in NVIDIA during the 4th quarter worth about $2,272,000. 65.27% of the stock is owned by institutional investors.

NVIDIA Stock Performance

Shares of NASDAQ:NVDA opened at $164.07 on Tuesday. The company’s 50 day moving average price is $142.53 and its two-hundred day moving average price is $128.80. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $167.89. The firm has a market cap of $4.00 trillion, a PE ratio of 52.93, a PEG ratio of 1.46 and a beta of 2.13. The company has a quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10.

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

NVIDIA Announces Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts have commented on NVDA shares. TD Cowen boosted their price target on shares of NVIDIA from $140.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, May 29th. Seaport Res Ptn raised shares of NVIDIA to a “strong sell” rating in a report on Wednesday, April 30th. Barclays upped their target price on shares of NVIDIA from $170.00 to $200.00 and gave the company an “overweight” rating in a report on Tuesday, June 17th. Bank of America upped their target price on shares of NVIDIA from $150.00 to $160.00 and gave the company a “buy” rating in a report on Wednesday, May 14th. Finally, William Blair reaffirmed an “outperform” rating on shares of NVIDIA in a report on Thursday, March 20th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-four have given a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, NVIDIA presently has an average rating of “Moderate Buy” and an average target price of $177.03.

Insider Activity at NVIDIA

In related news, Director A Brooke Seawell sold 49,131 shares of the stock in a transaction that occurred on Thursday, July 10th. The shares were sold at an average price of $162.83, for a total transaction of $8,000,000.73. Following the sale, the director owned 1,826,382 shares in the company, valued at approximately $297,389,781.06. This trade represents a 2.62% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction that occurred on Wednesday, July 9th. The stock was sold at an average price of $163.11, for a total transaction of $12,233,250.00. Following the sale, the chief executive officer owned 74,873,225 shares in the company, valued at $12,212,571,729.75. This represents a 0.10% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,520,246 shares of company stock worth $660,253,045 in the last quarter. 4.17% of the stock is currently owned by company 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.