Alpine Woods Capital Investors LLC Reduces Stock Holdings in NVIDIA Corporation (NASDAQ:NVDA)

Alpine Woods Capital Investors LLC trimmed its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA) by 44.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,014 shares of the computer hardware maker’s stock after selling 41,141 shares during the quarter. NVIDIA accounts for about 1.4% of Alpine Woods Capital Investors LLC’s portfolio, making the stock its 20th largest position. Alpine Woods Capital Investors LLC’s holdings in NVIDIA were worth $5,637,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Condor Capital Management grew its stake in NVIDIA by 3.6% during the 4th quarter. Condor Capital Management now owns 2,559 shares of the computer hardware maker’s stock valued at $344,000 after purchasing an additional 89 shares during the last quarter. Kelly Financial Services LLC grew its stake in NVIDIA by 2.0% during the 1st quarter. Kelly Financial Services LLC now owns 4,736 shares of the computer hardware maker’s stock valued at $513,000 after purchasing an additional 94 shares during the last quarter. Foundry Financial Group Inc. grew its stake in NVIDIA by 2.2% during the 4th quarter. Foundry Financial Group Inc. now owns 4,387 shares of the computer hardware maker’s stock valued at $589,000 after purchasing an additional 96 shares during the last quarter. Mendel Capital Management LLC lifted its holdings in shares of NVIDIA by 0.8% in the 1st quarter. Mendel Capital Management LLC now owns 11,871 shares of the computer hardware maker’s stock valued at $1,287,000 after buying an additional 96 shares during the period. Finally, Wallace Hart LLC lifted its holdings in shares of NVIDIA by 3.9% in the 4th quarter. Wallace Hart LLC now owns 2,599 shares of the computer hardware maker’s stock valued at $349,000 after buying an additional 97 shares during the period. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on NVDA shares. Cantor Fitzgerald reissued an “overweight” rating and issued a $200.00 price objective on shares of NVIDIA in a report on Wednesday, April 16th. Oppenheimer boosted their price objective on NVIDIA from $175.00 to $200.00 and gave the company an “outperform” rating in a report on Tuesday, July 15th. UBS Group reissued a “buy” rating on shares of NVIDIA in a report on Friday, May 23rd. TD Cowen boosted their price objective on NVIDIA from $140.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, May 29th. Finally, Piper Sandler reissued an “overweight” rating and issued a $180.00 price objective (up previously from $150.00) on shares of NVIDIA in a report on Wednesday, May 28th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-three have given a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $182.03.

Insider Activity

In other news, Director A Brooke Seawell sold 48,792 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the director directly owned 1,729,478 shares in the company, valued at $283,565,212.88. This represents a 2.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Colette Kress sold 27,650 shares of the stock in a transaction that occurred on Tuesday, July 15th. The stock was 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 of the company’s stock, valued at $510,023,939.24. The trade was a 0.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,339,800 shares of company stock worth $800,141,003 over the last ninety days. Corporate insiders own 4.17% of the company’s stock.

NVIDIA Price Performance

NASDAQ:NVDA opened at $180.00 on Tuesday. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $183.30. The stock has a 50 day moving average of $156.27 and a two-hundred day moving average of $132.58. The company has a current ratio of 3.39, a quick ratio of 2.96 and a debt-to-equity ratio of 0.10. The firm has a market cap of $4.39 trillion, a P/E ratio of 58.06, a price-to-earnings-growth ratio of 1.53 and a beta of 2.14.

NVIDIA (NASDAQ:NVDA) last posted its quarterly 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). The company had revenue of $44.06 billion during the quarter, compared to analysts’ expectations of $43.09 billion. NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. NVIDIA’s revenue for the quarter was up 69.2% on a year-over-year basis. During the same quarter last year, the company earned $0.61 earnings per share. On average, analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th were given a $0.01 dividend. The ex-dividend date was Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. NVIDIA’s dividend payout ratio is 1.29%.

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.