Five Oceans Advisors Has $4.34 Million Holdings in NVIDIA Corporation (NASDAQ:NVDA)

Five Oceans Advisors lowered its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 14.4% during the first quarter, HoldingsChannel reports. The institutional investor owned 40,018 shares of the computer hardware maker’s stock after selling 6,729 shares during the quarter. NVIDIA accounts for about 2.1% of Five Oceans Advisors’ investment portfolio, making the stock its 10th largest holding. Five Oceans Advisors’ holdings in NVIDIA were worth $4,337,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. PKO Investment Management Joint Stock Co lifted its holdings in shares of NVIDIA by 70.9% during the 1st quarter. PKO Investment Management Joint Stock Co now owns 270,000 shares of the computer hardware maker’s stock worth $29,263,000 after acquiring an additional 112,000 shares during the period. Edge Financial Advisors LLC raised its position in NVIDIA by 3.6% during the first quarter. Edge Financial Advisors LLC now owns 4,710 shares of the computer hardware maker’s stock valued at $510,000 after purchasing an additional 162 shares in the last quarter. Lesa Sroufe & Co bought a new stake in NVIDIA during the first quarter worth $228,000. Chicago Capital LLC boosted its holdings in shares of NVIDIA by 4.2% in the 1st quarter. Chicago Capital LLC now owns 797,933 shares of the computer hardware maker’s stock valued at $86,480,000 after purchasing an additional 32,353 shares in the last quarter. Finally, Vivid Wealth Management LLC increased its stake in shares of NVIDIA by 4.5% in the 1st quarter. Vivid Wealth Management LLC now owns 22,245 shares of the computer hardware maker’s stock valued at $2,411,000 after purchasing an additional 960 shares during the last quarter. Institutional investors own 65.27% of the company’s stock.

Analyst Ratings Changes

NVDA has been the topic of a number of recent analyst reports. DA Davidson lifted their target price on NVIDIA from $120.00 to $135.00 and gave the company a “neutral” rating in a research report on Thursday, May 29th. KeyCorp set a $190.00 price target on shares of NVIDIA in a report on Wednesday, March 19th. Oppenheimer reiterated an “outperform” rating and set a $175.00 price objective on shares of NVIDIA in a research report on Monday, June 16th. Rosenblatt Securities raised their target price on shares of NVIDIA from $178.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, May 29th. Finally, Hsbc Global Res cut shares of NVIDIA from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 3rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, thirty-four have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $176.19.

NVIDIA Trading Up 1.3%

NASDAQ NVDA opened at $159.28 on Friday. The company has a quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $160.98. The business has a 50 day moving average price of $136.38 and a 200-day moving average price of $127.84. The company has a market cap of $3.89 trillion, a price-to-earnings ratio of 51.38, a P/E/G ratio of 1.41 and a beta of 2.13.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.06). NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The business had revenue of $44.06 billion for the quarter, compared to the consensus estimate of $43.09 billion. During the same quarter last year, the firm posted $0.61 EPS. The business’s revenue for the quarter was up 69.2% compared to the same quarter last year. As a group, equities analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. The ex-dividend date was Wednesday, June 11th. NVIDIA’s payout ratio is presently 1.29%.

Insider Buying and Selling at NVIDIA

In related news, Director Mark A. Stevens sold 935,000 shares of the stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $140.92, for a total value of $131,760,200.00. Following the completion of the sale, the director directly owned 9,214,697 shares of the company’s stock, valued at approximately $1,298,535,101.24. This represents a 9.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Tench Coxe sold 1,000,000 shares of the firm’s stock in a transaction on Monday, June 9th. The shares were sold at an average price of $142.80, for a total value of $142,800,000.00. Following the transaction, the director owned 26,671,360 shares in the company, valued at approximately $3,808,670,208. This trade represents a 3.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,044,919 shares of company stock worth $584,414,209 in the last quarter. 4.17% of the stock is owned by insiders.

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.