Cooper Capital Advisors LLC Has $1.81 Million Stock Position in NVIDIA Corporation (NASDAQ:NVDA)

Cooper Capital Advisors LLC lowered its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA) by 11.5% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 16,701 shares of the computer hardware maker’s stock after selling 2,178 shares during the period. NVIDIA comprises about 1.9% of Cooper Capital Advisors LLC’s portfolio, making the stock its 12th biggest holding. Cooper Capital Advisors LLC’s holdings in NVIDIA were worth $1,810,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Condor Capital Management increased its holdings in NVIDIA by 3.6% in the 4th quarter. Condor Capital Management now owns 2,559 shares of the computer hardware maker’s stock worth $344,000 after purchasing an additional 89 shares in the last quarter. Kelly Financial Services LLC increased its stake in shares of NVIDIA by 2.0% in the first quarter. Kelly Financial Services LLC now owns 4,736 shares of the computer hardware maker’s stock valued at $513,000 after buying an additional 94 shares during the period. Foundry Financial Group Inc. increased its stake in shares of NVIDIA by 2.2% in the fourth quarter. Foundry Financial Group Inc. now owns 4,387 shares of the computer hardware maker’s stock valued at $589,000 after buying an additional 96 shares during the period. Mendel Capital Management LLC increased its stake in shares of NVIDIA by 0.8% in the first 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 increased its stake in shares of NVIDIA by 3.9% in the fourth 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. Institutional investors and hedge funds own 65.27% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on NVDA shares. Mizuho set a $192.00 price target on NVIDIA and gave the company an “outperform” rating in a research note on Tuesday, July 15th. TD Cowen increased their price target on NVIDIA from $140.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, May 29th. Jefferies Financial Group increased their price target on NVIDIA from $185.00 to $200.00 in a research note on Wednesday, July 16th. Truist Financial increased their price target on NVIDIA from $205.00 to $210.00 and gave the company a “buy” rating in a research note on Thursday, May 29th. Finally, Bank of America increased their price target on NVIDIA from $180.00 to $220.00 in a research note on Wednesday, July 16th. One 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 given a strong buy rating to the company. Based on data from MarketBeat.com, NVIDIA currently has a consensus rating of “Moderate Buy” and an average price target of $182.03.

Insider Buying and Selling

In other news, Director Tench Coxe sold 1,000,000 shares of NVIDIA stock in a transaction on Monday, June 9th. The stock was sold at an average price of $142.80, for a total value of $142,800,000.00. Following the completion of the transaction, the director directly owned 26,671,360 shares in the company, valued at approximately $3,808,670,208. The trade was a 3.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark A. Stevens sold 935,000 shares of NVIDIA stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $140.92, for a total value of $131,760,200.00. Following the completion of the transaction, the director owned 9,214,697 shares of the company’s stock, valued at approximately $1,298,535,101.24. This trade represents a 9.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,339,800 shares of company stock valued at $800,141,003 in the last ninety days. 4.17% of the stock is owned by company insiders.

NVIDIA Stock Performance

NASDAQ:NVDA opened at $180.00 on Tuesday. The company has a market capitalization of $4.39 trillion, a P/E ratio of 58.06, a P/E/G ratio of 1.53 and a beta of 2.14. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $183.30. 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 business has a fifty day simple moving average of $156.27 and a two-hundred day simple moving average of $132.58.

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 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% compared to the same quarter last year. During the same quarter last year, the firm posted $0.61 earnings per share. On average, analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current 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 annualized dividend and a dividend yield of 0.0%. NVIDIA’s 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.