Sage Advisors LLC Has $2.27 Million Stake in NVIDIA Corporation (NASDAQ:NVDA)

Sage Advisors LLC boosted its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA) by 12.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,965 shares of the computer hardware maker’s stock after purchasing an additional 2,361 shares during the period. NVIDIA accounts for approximately 1.6% of Sage Advisors LLC’s holdings, making the stock its 12th largest holding. Sage Advisors LLC’s holdings in NVIDIA were worth $2,272,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. New Millennium Group LLC increased its holdings in NVIDIA by 1.6% during the 1st quarter. New Millennium Group LLC now owns 140,443 shares of the computer hardware maker’s stock valued at $15,221,000 after purchasing an additional 2,279 shares in the last quarter. Smith Salley Wealth Management increased its stake in shares of NVIDIA by 0.9% in the 1st quarter. Smith Salley Wealth Management now owns 658,691 shares of the computer hardware maker’s stock valued at $71,389,000 after buying an additional 6,135 shares during the period. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of NVIDIA in the 1st quarter valued at $51,000. Keystone Financial Services LLC increased its stake in shares of NVIDIA by 37.2% in the 1st quarter. Keystone Financial Services LLC now owns 10,425 shares of the computer hardware maker’s stock valued at $1,130,000 after buying an additional 2,827 shares during the period. Finally, Libra Wealth LLC increased its stake in shares of NVIDIA by 0.7% in the 1st quarter. Libra Wealth LLC now owns 56,348 shares of the computer hardware maker’s stock valued at $6,107,000 after buying an additional 385 shares during the period. 65.27% of the stock is owned by institutional investors and hedge funds.

NVIDIA Stock Performance

Shares of NVIDIA stock opened at $173.74 on Friday. The firm has a market cap of $4.24 trillion, a price-to-earnings ratio of 56.05, a price-to-earnings-growth ratio of 1.50 and a beta of 2.13. The stock’s 50-day moving average is $150.19 and its 200-day moving average is $130.70. NVIDIA Corporation has a one year low of $86.62 and a one 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.

NVIDIA (NASDAQ:NVDA) last issued its quarterly 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). The firm 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 for the quarter was up 69.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.61 earnings per share. Equities analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

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

Analyst Upgrades and Downgrades

NVDA has been the subject of several research reports. Mizuho set a $192.00 target price on NVIDIA and gave the company an “outperform” rating in a research note on Tuesday, July 15th. Citigroup lifted their target price on NVIDIA from $180.00 to $190.00 and gave the company a “buy” rating in a research note on Monday, July 7th. Bank of America lifted their target price on NVIDIA from $180.00 to $220.00 in a research note on Wednesday, July 16th. Needham & Company LLC lifted their target price on NVIDIA from $160.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, July 16th. Finally, Raymond James Financial lifted their target price on NVIDIA from $150.00 to $165.00 and gave the company a “strong-buy” rating in a research note on Thursday, May 29th. One investment analyst has rated the stock with a sell rating, four have assigned 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 stock presently has an average rating of “Moderate Buy” and a consensus price target of $181.22.

Insider Activity

In related news, Director A Brooke Seawell sold 48,792 shares of NVIDIA stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $163.96, for a total value of $7,999,936.32. Following the sale, the director owned 1,729,478 shares of the company’s stock, valued at approximately $283,565,212.88. The trade was a 2.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction dated 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 completion of the sale, the chief executive officer directly owned 74,123,225 shares in the company, valued at approximately $12,566,851,566.50. This represents a 0.10% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,114,800 shares of company stock worth $760,553,003 over the last three months. Corporate 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.