 Hudson Valley Investment Advisors Inc. ADV lessened its stake in shares of  NVIDIA Corporation (NASDAQ:NVDA – Free Report) by 3.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 280,390 shares of the computer hardware maker’s stock after selling 8,689 shares during the quarter. NVIDIA comprises about  4.8% of Hudson Valley Investment Advisors Inc. ADV’s holdings, making the stock its biggest holding. Hudson Valley Investment Advisors Inc. ADV’s holdings in NVIDIA were worth $44,299,000 as of its most recent filing with the Securities and Exchange Commission.
Hudson Valley Investment Advisors Inc. ADV lessened its stake in shares of  NVIDIA Corporation (NASDAQ:NVDA – Free Report) by 3.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 280,390 shares of the computer hardware maker’s stock after selling 8,689 shares during the quarter. NVIDIA comprises about  4.8% of Hudson Valley Investment Advisors Inc. ADV’s holdings, making the stock its biggest holding. Hudson Valley Investment Advisors Inc. ADV’s holdings in NVIDIA were worth $44,299,000 as of its most recent filing with the Securities and Exchange Commission. 
Several other institutional investors have also modified their holdings of NVDA. Legend Financial Advisors Inc. acquired a new position in NVIDIA in the 2nd quarter valued at $55,000. Kathleen S. Wright Associates Inc. increased its stake in NVIDIA by 169.3% in the 1st quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker’s stock valued at $44,000 after buying an additional 254 shares during the period. Westend Capital Management LLC increased its stake in NVIDIA by 46.8% in the 2nd quarter. Westend Capital Management LLC now owns 455 shares of the computer hardware maker’s stock valued at $72,000 after buying an additional 145 shares during the period. Barnes Dennig Private Wealth Management LLC acquired a new position in NVIDIA in the 1st quarter valued at $51,000. Finally, Campbell Capital Management Inc. increased its stake in NVIDIA by 5,900.0% in the 1st quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker’s stock valued at $65,000 after buying an additional 590 shares during the period. Hedge funds and other institutional investors own 65.27% of the company’s stock.
NVIDIA Stock Down 0.8%
NVDA opened at $181.16 on Wednesday. The firm has a 50 day moving average price of $179.37 and a 200 day moving average price of $154.43. The company has a market cap of $4.40 trillion, a PE ratio of 51.61, a price-to-earnings-growth ratio of 1.32 and a beta of 2.12. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $195.62. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.60 and a current ratio of 4.21.
NVIDIA Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Thursday, September 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. NVIDIA’s payout ratio is 1.14%.
Insider Activity
In other NVIDIA news, Director Mark A. Stevens sold 350,000 shares of the business’s stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $176.39, for a total value of $61,736,500.00. Following the sale, the director directly owned 7,399,803 shares in the company, valued at approximately $1,305,251,251.17. The trade was a 4.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Harvey C. Jones sold 250,000 shares of the business’s stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $176.21, for a total transaction of $44,052,500.00. Following the completion of the sale, the director owned 7,183,280 shares in the company, valued at approximately $1,265,765,768.80. This trade represents a 3.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 3,753,937 shares of company stock valued at $669,548,776. 4.17% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
Several brokerages have issued reports on NVDA. DA Davidson raised shares of NVIDIA from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $195.00 to $210.00 in a research note on Thursday, September 11th. Needham & Company LLC reaffirmed a “buy” rating and set a $200.00 price target on shares of NVIDIA in a research note on Thursday, August 28th. Jefferies Financial Group reaffirmed a “buy” rating and set a $220.00 price target (up from $205.00) on shares of NVIDIA in a research note on Monday, September 29th. Daiwa Capital Markets upped their price target on shares of NVIDIA from $165.00 to $205.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 17th. Finally, Loop Capital upped their price target on shares of NVIDIA from $175.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, June 25th. Five research analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $222.23.
Read Our Latest Report on NVIDIA
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.
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