NVIDIA Co. (NVDA) Position Reduced by Sand Hill Global Advisors LLC

Sand Hill Global Advisors LLC lessened its stake in NVIDIA Co. (NASDAQ:NVDA) by 18.5% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,778 shares of the computer hardware maker’s stock after selling 856 shares during the quarter. NVIDIA makes up about 0.8% of Sand Hill Global Advisors LLC’s portfolio, making the stock its 26th biggest holding. Sand Hill Global Advisors LLC’s holdings in NVIDIA were worth $875,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Adirondack Trust Co. grew its holdings in shares of NVIDIA by 146.1% during the first quarter. Adirondack Trust Co. now owns 443 shares of the computer hardware maker’s stock worth $100,000 after buying an additional 263 shares in the last quarter. Global Trust Asset Management LLC purchased a new stake in shares of NVIDIA during the fourth quarter worth $116,000. Clearbridge Investments LLC grew its holdings in shares of NVIDIA by 100.0% during the fourth quarter. Clearbridge Investments LLC now owns 600 shares of the computer hardware maker’s stock worth $116,000 after buying an additional 300 shares in the last quarter. Bruderman Asset Management LLC purchased a new stake in shares of NVIDIA during the first quarter worth $127,000. Finally, Crewe Advisors LLC purchased a new stake in shares of NVIDIA during the fourth quarter worth $148,000. 65.00% of the stock is owned by institutional investors.

NVDA has been the subject of a number of research reports. Vetr lowered shares of NVIDIA from a “hold” rating to a “sell” rating and set a $234.76 target price for the company. in a report on Monday, January 29th. Goldman Sachs Group lowered shares of NVIDIA from a “conviction-buy” rating to a “buy” rating and set a $281.00 target price for the company. in a report on Thursday, February 1st. BidaskClub lowered shares of NVIDIA from a “strong-buy” rating to a “buy” rating in a report on Monday, February 5th. Susquehanna Bancshares reaffirmed a “neutral” rating and set a $200.00 target price (up previously from $185.00) on shares of NVIDIA in a report on Thursday, February 8th. Finally, Citigroup upped their target price on shares of NVIDIA from $240.00 to $270.00 and gave the stock a “buy” rating in a report on Friday, February 9th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the company. NVIDIA currently has an average rating of “Buy” and an average target price of $260.06.

In other news, EVP Ajay K. Puri sold 38,676 shares of the stock in a transaction dated Tuesday, May 15th. The shares were sold at an average price of $255.36, for a total transaction of $9,876,303.36. Following the sale, the executive vice president now owns 508,962 shares of the company’s stock, valued at $129,968,536.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Debora Shoquist sold 32,049 shares of the stock in a transaction dated Tuesday, March 27th. The stock was sold at an average price of $239.45, for a total transaction of $7,674,133.05. Following the sale, the executive vice president now directly owns 201,796 shares in the company, valued at approximately $48,320,052.20. The disclosure for this sale can be found here. Insiders have sold 91,100 shares of company stock worth $22,416,103 in the last three months. Corporate insiders own 4.70% of the company’s stock.

NASDAQ NVDA opened at $249.28 on Monday. NVIDIA Co. has a 12 month low of $137.11 and a 12 month high of $260.50. The company has a debt-to-equity ratio of 0.26, a quick ratio of 7.82 and a current ratio of 8.54. The stock has a market capitalization of $151.31 billion, a price-to-earnings ratio of 53.38, a P/E/G ratio of 3.44 and a beta of 1.52.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Thursday, May 10th. The computer hardware maker reported $2.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.47 by $0.58. The business had revenue of $3.21 billion for the quarter, compared to analysts’ expectations of $2.88 billion. NVIDIA had a net margin of 34.44% and a return on equity of 52.18%. The business’s quarterly revenue was up 65.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.85 earnings per share. analysts predict that NVIDIA Co. will post 7.08 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 15th. Stockholders of record on Thursday, May 24th will be given a dividend of $0.15 per share. The ex-dividend date is Wednesday, May 23rd. This represents a $0.60 annualized dividend and a dividend yield of 0.24%. NVIDIA’s dividend payout ratio is presently 12.85%.

NVIDIA Profile

NVIDIA Corporation operates as a visual computing company worldwide. It operates through two segments, GPU and Tegra Processor. The GPU segment offers processors, which include GeForce for PC gaming and mainstream PCs; GeForce NOW for cloud-based game-streaming service; Quadro for design professionals working in computer-aided design, video editing, special effects, and other creative applications; Tesla for AI utilizing deep learning, accelerated computing, and general purpose computing; GRID provides power of NVIDIA graphics through the cloud and datacenters; DGX for AI scientists, researchers, and developers; and cryptocurrency-specific graphics processing units.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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