Cim LLC Cuts Holdings in NVIDIA Corporation $NVDA

Cim LLC lessened its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA) by 10.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 241,315 shares of the computer hardware maker’s stock after selling 27,356 shares during the quarter. NVIDIA makes up 5.1% of Cim LLC’s portfolio, making the stock its biggest position. Cim LLC’s holdings in NVIDIA were worth $38,125,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Brighton Jones LLC boosted its position in shares of NVIDIA by 12.4% during the fourth quarter. Brighton Jones LLC now owns 324,901 shares of the computer hardware maker’s stock valued at $43,631,000 after purchasing an additional 35,815 shares in the last quarter. Bank Pictet & Cie Europe AG boosted its holdings in shares of NVIDIA by 1.0% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 2,346,417 shares of the computer hardware maker’s stock valued at $315,100,000 after buying an additional 22,929 shares in the last quarter. Highview Capital Management LLC DE grew its position in shares of NVIDIA by 6.7% in the 4th quarter. Highview Capital Management LLC DE now owns 58,396 shares of the computer hardware maker’s stock worth $7,842,000 after buying an additional 3,653 shares during the period. Hudson Value Partners LLC grew its position in shares of NVIDIA by 30.7% in the 4th quarter. Hudson Value Partners LLC now owns 50,658 shares of the computer hardware maker’s stock worth $6,805,000 after buying an additional 11,900 shares during the period. Finally, Wealth Group Ltd. increased its stake in shares of NVIDIA by 15.7% in the 1st quarter. Wealth Group Ltd. now owns 6,598 shares of the computer hardware maker’s stock worth $715,000 after acquiring an additional 896 shares in the last quarter. Institutional investors own 65.27% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on NVDA. Seaport Global Securities upped their price objective on shares of NVIDIA from $100.00 to $140.00 and gave the stock a “sell” rating in a report on Monday, November 17th. HSBC set a $320.00 price target on NVIDIA and gave the stock a “buy” rating in a research report on Wednesday, October 15th. KeyCorp raised their price objective on NVIDIA from $250.00 to $275.00 and gave the company an “overweight” rating in a research report on Thursday, November 20th. Zacks Research raised NVIDIA from a “hold” rating to a “strong-buy” rating in a report on Monday, November 24th. Finally, TD Cowen raised their price target on NVIDIA from $140.00 to $235.00 and gave the company a “buy” rating in a report on Tuesday, August 19th. Four research analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, NVIDIA has a consensus rating of “Buy” and an average target price of $258.65.

Insider Transactions at NVIDIA

In other NVIDIA news, EVP Debora Shoquist sold 69,840 shares of the company’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $177.85, for a total value of $12,421,044.00. Following the completion of the sale, the executive vice president owned 1,424,603 shares in the company, valued at $253,365,643.55. This represents a 4.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Colette Kress sold 30,500 shares of NVIDIA stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $178.11, for a total value of $5,432,355.00. Following the transaction, the chief financial officer directly owned 1,286,826 shares in the company, valued at approximately $229,196,578.86. The trade was a 2.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 2,754,474 shares of company stock worth $499,562,617 over the last three months. 4.17% of the stock is currently owned by insiders.

NVIDIA Trading Down 3.3%

Shares of NASDAQ:NVDA opened at $175.02 on Monday. The stock’s 50-day simple moving average is $186.69 and its two-hundred day simple moving average is $174.09. The stock has a market capitalization of $4.25 trillion, a price-to-earnings ratio of 43.43, a PEG ratio of 0.86 and a beta of 2.29. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $212.19. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.71 and a current ratio of 4.47.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Wednesday, November 19th. The computer hardware maker reported $1.30 earnings per share for the quarter, topping the consensus estimate of $1.23 by $0.07. The firm had revenue of $57.01 billion for the quarter, compared to analysts’ expectations of $54.66 billion. NVIDIA had a net margin of 53.01% and a return on equity of 99.24%. The business’s quarterly revenue was up 62.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.81 EPS. Analysts expect that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 26th. Stockholders of record on Thursday, December 4th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. NVIDIA’s payout ratio is presently 0.99%.

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.