Berkshire Capital Holdings Inc. Trims Stake in NVIDIA Co. (NASDAQ:NVDA)

Berkshire Capital Holdings Inc. cut its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 9.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 93,940 shares of the computer hardware maker’s stock after selling 9,970 shares during the quarter. NVIDIA makes up about 7.3% of Berkshire Capital Holdings Inc.’s investment portfolio, making the stock its 3rd largest position. Berkshire Capital Holdings Inc.’s holdings in NVIDIA were worth $24,763,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Accurate Investment Solutions Inc. boosted its holdings in NVIDIA by 111.1% during the 1st quarter. Accurate Investment Solutions Inc. now owns 95 shares of the computer hardware maker’s stock valued at $25,000 after acquiring an additional 50 shares during the period. PrairieView Partners LLC purchased a new stake in NVIDIA during the 1st quarter valued at about $26,000. Stonebridge Financial Planning Group LLC purchased a new stake in NVIDIA during the 4th quarter valued at about $28,000. Howard Wealth Management LLC purchased a new stake in NVIDIA during the 4th quarter valued at about $28,000. Finally, Capital Wealth Alliance LLC purchased a new stake in NVIDIA during the 4th quarter valued at about $30,000. Institutional investors own 68.89% of the company’s stock.

Shares of NVDA traded down $2.23 during mid-day trading on Wednesday, reaching $350.78. 9,108,836 shares of the company’s stock traded hands, compared to its average volume of 15,355,262. The stock has a market cap of $215.24 billion, a P/E ratio of 65.57, a P/E/G ratio of 3.23 and a beta of 1.38. The stock’s 50-day moving average is $314.25 and its two-hundred day moving average is $260.41. NVIDIA Co. has a 12 month low of $132.60 and a 12 month high of $367.27. The company has a debt-to-equity ratio of 0.57, a current ratio of 10.29 and a quick ratio of 9.70.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings results on Thursday, May 21st. The computer hardware maker reported $1.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.36 by $0.44. The firm had revenue of $3.08 billion during the quarter, compared to analyst estimates of $3 billion. NVIDIA had a return on equity of 28.59% and a net margin of 28.17%. NVIDIA’s quarterly revenue was up 38.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.88 earnings per share. Research analysts predict that NVIDIA Co. will post 6.46 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 5th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.18%. The ex-dividend date of this dividend is Thursday, June 4th. NVIDIA’s payout ratio is presently 13.94%.

In related news, Director Tench Coxe sold 50,000 shares of the company’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $349.08, for a total value of $17,454,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Robert K. Burgess sold 20,000 shares of the company’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $222.33, for a total value of $4,446,600.00. Following the completion of the transaction, the director now directly owns 13,935 shares in the company, valued at $3,098,168.55. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 157,376 shares of company stock worth $45,103,807. Insiders own 4.47% of the company’s stock.

NVDA has been the subject of several research analyst reports. Tigress Financial reiterated a “buy” rating on shares of NVIDIA in a report on Wednesday, April 22nd. Mizuho reiterated a “buy” rating and issued a $400.00 price objective (up previously from $295.00) on shares of NVIDIA in a report on Friday, May 22nd. Morgan Stanley increased their price objective on NVIDIA from $282.00 to $363.00 and gave the stock an “overweight” rating in a report on Tuesday, May 26th. Citigroup increased their price objective on NVIDIA from $315.00 to $392.00 and gave the stock a “buy” rating in a report on Friday, May 22nd. Finally, Susquehanna Bancshares reiterated a “buy” rating and issued a $420.00 price objective on shares of NVIDIA in a report on Friday, May 22nd. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and thirty-three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $344.73.

About NVIDIA

NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the Graphics Processing Unit (GPU) and Tegra Processor segments. The GPU segment comprises of product brands which aims specialized markets including GeForce for gamers; Quadro for designers; Tesla and DGX for AI data scientists and big data researchers; and GRID for cloud-based visual computing users.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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