Caerus Investment Advisors LLC Increases Position in NVIDIA Corporation (NASDAQ:NVDA)

Caerus Investment Advisors LLC increased its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 10.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,675 shares of the computer hardware maker’s stock after buying an additional 840 shares during the quarter. NVIDIA comprises approximately 0.9% of Caerus Investment Advisors LLC’s investment portfolio, making the stock its 15th biggest holding. Caerus Investment Advisors LLC’s holdings in NVIDIA were worth $940,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. MBA Advisors LLC grew its holdings in shares of NVIDIA by 7.6% during the first quarter. MBA Advisors LLC now owns 11,612 shares of the computer hardware maker’s stock valued at $1,259,000 after buying an additional 818 shares during the last quarter. Sterling Financial Planning Inc. grew its holdings in shares of NVIDIA by 20.0% during the first quarter. Sterling Financial Planning Inc. now owns 1,852 shares of the computer hardware maker’s stock valued at $201,000 after buying an additional 309 shares during the last quarter. Goelzer Investment Management Inc. grew its holdings in shares of NVIDIA by 7.1% during the first quarter. Goelzer Investment Management Inc. now owns 108,695 shares of the computer hardware maker’s stock valued at $11,780,000 after buying an additional 7,179 shares during the last quarter. Palisade Capital Management LP lifted its stake in NVIDIA by 4.5% during the 1st quarter. Palisade Capital Management LP now owns 237,560 shares of the computer hardware maker’s stock valued at $25,747,000 after acquiring an additional 10,141 shares during the period. Finally, Values Added Financial LLC lifted its stake in NVIDIA by 13.7% during the 1st quarter. Values Added Financial LLC now owns 7,313 shares of the computer hardware maker’s stock valued at $793,000 after acquiring an additional 880 shares during the period. 65.27% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on NVDA. Summit Insights upgraded shares of NVIDIA from a “hold” rating to a “buy” rating in a research note on Thursday, May 29th. Loop Capital upped their price target on shares of NVIDIA from $175.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, June 25th. Seaport Res Ptn raised shares of NVIDIA to a “strong sell” rating in a report on Wednesday, April 30th. DA Davidson upped their price target on shares of NVIDIA from $120.00 to $135.00 and gave the company a “neutral” rating in a report on Thursday, May 29th. Finally, Citigroup upped their price target on shares of NVIDIA from $180.00 to $190.00 and gave the company a “buy” rating in a report on Monday, July 7th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-three have assigned a buy rating and four have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $181.22.

NVIDIA Stock Up 1.9%

NVDA stock opened at $176.75 on Tuesday. The company has a market cap of $4.31 trillion, a price-to-earnings ratio of 57.02, a PEG ratio of 1.53 and a beta of 2.13. The company has a current ratio of 3.39, a quick ratio of 2.96 and a debt-to-equity ratio of 0.10. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $177.00. The firm has a 50-day moving average of $151.77 and a two-hundred day moving average of $131.09.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.06). The firm had revenue of $44.06 billion for the quarter, compared to analyst estimates of $43.09 billion. NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The company’s revenue was up 69.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.61 EPS. As a group, analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

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 dividend of $0.01 per share. The ex-dividend date 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 is currently 1.29%.

Insider Transactions at NVIDIA

In other news, Director A Brooke Seawell sold 48,792 shares of the firm’s stock in a transaction that occurred 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 sale, the director owned 1,729,478 shares in the company, valued at $283,565,212.88. This trade represents a 2.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Colette Kress sold 27,650 shares of the firm’s stock in a transaction that occurred 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 sale, the chief financial officer owned 2,984,516 shares of the company’s stock, valued at $510,023,939.24. This represents a 0.92% decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,264,800 shares of company stock worth $786,735,503 in the last 90 days. Insiders own 4.17% of the company’s stock.

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.