Capital Advisors Wealth Management LLC Sells 19,495 Shares of NVIDIA Corporation (NASDAQ:NVDA)

Capital Advisors Wealth Management LLC lessened its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 35.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 34,749 shares of the computer hardware maker's stock after selling 19,495 shares during the quarter. Capital Advisors Wealth Management LLC's holdings in NVIDIA were worth $3,766,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Tacita Capital Inc acquired a new position in NVIDIA during the fourth quarter worth $28,000. Vision Financial Markets LLC purchased a new stake in NVIDIA during the 4th quarter worth about $38,000. Copia Wealth Management purchased a new stake in NVIDIA during the 4th quarter worth about $50,000. Bruce G. Allen Investments LLC increased its holdings in NVIDIA by 198.2% during the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock worth $53,000 after purchasing an additional 327 shares during the period. Finally, LSV Asset Management acquired a new position in shares of NVIDIA during the 4th quarter worth about $54,000. Institutional investors and hedge funds own 65.27% of the company's stock.

Insider Activity

In other news, CEO Jen Hsun Huang sold 75,000 shares of the company's stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $152.54, for a total transaction of $11,440,500.00. Following the completion of the transaction, the chief executive officer directly owned 75,548,225 shares of the company's stock, valued at $11,524,126,241.50. This represents a 0.10% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Mark A. Stevens sold 935,000 shares of the company's stock in a transaction that occurred 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 transaction, the director directly owned 9,214,697 shares of the company's stock, valued at approximately $1,298,535,101.24. The trade was a 9.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,964,800 shares of company stock valued at $734,906,003. Company insiders own 4.17% of the company's stock.

Wall Street Analyst Weigh In

NVDA has been the subject of several research analyst reports. Mizuho set a $192.00 price objective on NVIDIA and gave the company an "outperform" rating in a research note on Tuesday, July 15th. Phillip Securities raised NVIDIA from a "moderate buy" rating to a "strong-buy" rating in a research report on Monday, July 14th. The Goldman Sachs Group initiated coverage on NVIDIA in a research note on Thursday, July 10th. They set a "buy" rating and a $185.00 price objective on the stock. Truist Financial boosted their price objective on NVIDIA from $205.00 to $210.00 and gave the company a "buy" rating in a report on Thursday, May 29th. Finally, Hsbc Global Res lowered NVIDIA from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 3rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating, thirty-three have given a buy rating and four have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $181.22.

NVIDIA Stock Down 0.6%

Shares of NVIDIA stock opened at $171.38 on Tuesday. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $174.25. The company has a 50-day moving average of $146.99 and a 200 day moving average of $129.81. The firm has a market cap of $4.18 trillion, a price-to-earnings ratio of 55.28, a PEG ratio of 1.52 and a beta of 2.13. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.39 and a quick ratio of 2.96.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.06). NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The company had revenue of $44.06 billion for the quarter, compared to the consensus estimate of $43.09 billion. During the same quarter in the previous year, the business earned $0.61 EPS. The company's quarterly revenue was up 69.2% on a year-over-year basis. As a group, sell-side analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th were issued a $0.01 dividend. The ex-dividend date of this dividend was Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.02%. NVIDIA's dividend payout ratio is presently 1.29%.

About NVIDIA

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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