DSG Capital Advisors LLC Cuts Stock Position in NVIDIA Corporation (NASDAQ:NVDA)

DSG Capital Advisors LLC trimmed its position in shares of NVIDIA Corporation (NASDAQ:NVDA) by 15.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 107,229 shares of the computer hardware maker’s stock after selling 19,750 shares during the quarter. NVIDIA accounts for approximately 2.3% of DSG Capital Advisors LLC’s investment portfolio, making the stock its 13th biggest position. DSG Capital Advisors LLC’s holdings in NVIDIA were worth $11,621,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Koshinski Asset Management Inc. boosted its position in NVIDIA by 4.6% in the 1st quarter. Koshinski Asset Management Inc. now owns 120,570 shares of the computer hardware maker’s stock valued at $13,067,000 after buying an additional 5,250 shares during the period. J.Safra Asset Management Corp increased its position in shares of NVIDIA by 9.2% during the first quarter. J.Safra Asset Management Corp now owns 49,246 shares of the computer hardware maker’s stock worth $5,337,000 after acquiring an additional 4,143 shares during the period. Morton Brown Family Wealth LLC raised its stake in shares of NVIDIA by 17.6% in the first quarter. Morton Brown Family Wealth LLC now owns 3,870 shares of the computer hardware maker’s stock valued at $419,000 after acquiring an additional 580 shares in the last quarter. G&S Capital LLC boosted its holdings in NVIDIA by 19.9% in the first quarter. G&S Capital LLC now owns 29,607 shares of the computer hardware maker’s stock valued at $3,209,000 after purchasing an additional 4,914 shares during the period. Finally, Essex LLC grew its stake in NVIDIA by 9.7% during the 1st quarter. Essex LLC now owns 36,813 shares of the computer hardware maker’s stock worth $3,990,000 after purchasing an additional 3,261 shares in the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

NVIDIA Stock Up 1.7%

Shares of NASDAQ:NVDA opened at $173.74 on Friday. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $174.25. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.39 and a quick ratio of 2.96. The stock has a market cap of $4.24 trillion, a P/E ratio of 56.05, a P/E/G ratio of 1.50 and a beta of 2.13. The firm has a fifty day moving average price of $150.19 and a 200 day moving average price of $130.70.

NVIDIA (NASDAQ:NVDA) last announced 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 during the quarter, compared to analysts’ expectations of $43.09 billion. NVIDIA’s quarterly revenue was up 69.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.61 earnings per share. Sell-side analysts predict that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th were issued a $0.01 dividend. 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 payout ratio is currently 1.29%.

Insider Transactions at NVIDIA

In related news, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $169.54, for a total value of $12,715,500.00. Following the transaction, the chief executive officer directly owned 74,123,225 shares in the company, valued at $12,566,851,566.50. This trade represents a 0.10% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Colette Kress sold 27,650 shares of the company’s stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $170.89, for a total transaction of $4,725,108.50. Following the transaction, the chief financial officer owned 2,984,516 shares of the company’s stock, valued at approximately $510,023,939.24. The trade was a 0.92% decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,114,800 shares of company stock worth $760,553,003 over the last 90 days. 4.17% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on NVDA shares. DA Davidson upped their price target on NVIDIA from $120.00 to $135.00 and gave the stock a “neutral” rating in a report on Thursday, May 29th. HSBC lowered shares of NVIDIA from a “buy” rating to a “hold” rating and set a $120.00 target price on the stock. in a research note on Thursday, April 3rd. Summit Insights raised shares of NVIDIA from a “hold” rating to a “buy” rating in a report on Thursday, May 29th. Barclays boosted their price target on shares of NVIDIA from $170.00 to $200.00 and gave the stock an “overweight” rating in a report on Tuesday, June 17th. Finally, Seaport Res Ptn raised shares of NVIDIA to a “strong sell” rating in a research report on Wednesday, April 30th. One research analyst has rated the stock with a sell rating, four have given a hold rating, thirty-three have issued a buy rating and four have given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $181.22.

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.