Kavar Capital Partners Group LLC Has $17.96 Million Stake in NVIDIA Corporation (NASDAQ:NVDA)

Kavar Capital Partners Group LLC cut its position in shares of NVIDIA Corporation (NASDAQ:NVDA) by 0.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 165,745 shares of the computer hardware maker’s stock after selling 1,286 shares during the quarter. NVIDIA accounts for about 3.0% of Kavar Capital Partners Group LLC’s portfolio, making the stock its 6th biggest holding. Kavar Capital Partners Group LLC’s holdings in NVIDIA were worth $17,963,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Aspetuck Financial Management LLC acquired a new stake in NVIDIA during the 1st quarter worth approximately $11,334,000. SOL Capital Management CO raised its holdings in NVIDIA by 26.9% in the 1st quarter. SOL Capital Management CO now owns 3,070 shares of the computer hardware maker’s stock valued at $333,000 after acquiring an additional 650 shares in the last quarter. Pure Financial Advisors LLC raised its holdings in NVIDIA by 7.1% in the 1st quarter. Pure Financial Advisors LLC now owns 109,738 shares of the computer hardware maker’s stock valued at $11,893,000 after acquiring an additional 7,293 shares in the last quarter. Lifelong Wealth Advisors Inc. increased its stake in shares of NVIDIA by 3.7% in the 1st quarter. Lifelong Wealth Advisors Inc. now owns 3,529 shares of the computer hardware maker’s stock valued at $382,000 after purchasing an additional 126 shares during the last quarter. Finally, Omnia Family Wealth LLC raised its holdings in shares of NVIDIA by 33.8% during the 1st quarter. Omnia Family Wealth LLC now owns 32,230 shares of the computer hardware maker’s stock worth $3,493,000 after buying an additional 8,148 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors.

NVIDIA Stock Performance

NASDAQ NVDA opened at $173.00 on Friday. The firm has a market cap of $4.22 trillion, a price-to-earnings ratio of 55.81, a price-to-earnings-growth ratio of 1.51 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. The business has a 50-day moving average price of $145.88 and a 200-day moving average price of $129.63. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $174.16.

NVIDIA (NASDAQ:NVDA) last released its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 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 for the quarter, compared to the consensus estimate of $43.09 billion. During the same period in the prior year, the company posted $0.61 EPS. The company’s quarterly revenue was up 69.2% compared to the same quarter last year. As a group, equities research analysts predict that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on NVDA shares. Piper Sandler restated an “overweight” rating and set a $180.00 price objective (up previously from $150.00) on shares of NVIDIA in a research report on Wednesday, May 28th. Wedbush restated an “outperform” rating on shares of NVIDIA in a research report on Thursday, May 29th. Barclays upped their price target on NVIDIA from $170.00 to $200.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 17th. Hsbc Global Res downgraded NVIDIA from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 3rd. Finally, Phillip Securities raised NVIDIA from a “moderate buy” rating to a “strong-buy” rating in a research note on Monday. One analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-three have assigned a buy rating and four have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $181.22.

Insider Buying and Selling

In other NVIDIA news, CFO Colette Kress sold 27,650 shares of the business’s stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $170.89, for a total value of $4,725,108.50. Following the completion of the transaction, the chief financial officer owned 2,984,516 shares in the company, valued at $510,023,939.24. The trade was a 0.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director A Brooke Seawell sold 48,792 shares of the company’s stock in a transaction on Monday, July 14th. The shares were sold at an average price of $163.96, for a total transaction of $7,999,936.32. Following the completion of the transaction, the director owned 1,729,478 shares of the company’s stock, valued at $283,565,212.88. This represents a 2.74% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,814,800 shares of company stock worth $709,172,753. Insiders own 4.17% of the company’s stock.

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.