Capital Asset Advisory Services LLC Acquires 30,566 Shares of NVIDIA Co. (NASDAQ:NVDA)

Capital Asset Advisory Services LLC raised its holdings in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 17.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 206,316 shares of the computer hardware maker's stock after buying an additional 30,566 shares during the quarter. NVIDIA comprises about 1.2% of Capital Asset Advisory Services LLC's holdings, making the stock its 23rd largest position. Capital Asset Advisory Services LLC's holdings in NVIDIA were worth $22,781,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Tacita Capital Inc purchased a new position in shares of NVIDIA in the fourth quarter worth $28,000. Vision Financial Markets LLC bought a new position in shares of NVIDIA during the fourth quarter valued at approximately $38,000. Luken Investment Analytics LLC purchased a new position in shares of NVIDIA during the fourth quarter valued at approximately $40,000. Copia Wealth Management bought a new position in NVIDIA in the 4th quarter worth about $50,000. Finally, LSV Asset Management bought a new stake in shares of NVIDIA during the fourth quarter valued at approximately $54,000. Hedge funds and other institutional investors own 65.27% of the company's stock.

Insider Activity at NVIDIA

In related news, insider Donald F. Robertson, Jr. sold 4,500 shares of the stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $116.80, for a total transaction of $525,600.00. Following the completion of the sale, the insider now owns 479,428 shares of the company's stock, valued at approximately $55,997,190.40. This represents a 0.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 dated 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 sale, the director now owns 26,671,360 shares in the company, valued at approximately $3,808,670,208. The trade was a 3.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,560,845 shares of company stock worth $360,351,849 in the last 90 days. 4.17% of the stock is owned by insiders.

Wall Street Analyst Weigh In

NVDA has been the topic of a number of research analyst reports. Raymond James increased their price objective on shares of NVIDIA from $150.00 to $165.00 and gave the company a "strong-buy" rating in a research report on Thursday, May 29th. Barclays reaffirmed an "overweight" rating and set a $170.00 price objective (up from $155.00) on shares of NVIDIA in a report on Thursday, May 29th. Citigroup reiterated a "buy" rating and set a $180.00 target price (up from $150.00) on shares of NVIDIA in a research report on Thursday, May 29th. Benchmark reiterated a "buy" rating and set a $190.00 price target on shares of NVIDIA in a report on Thursday, May 29th. Finally, Tigress Financial restated a "buy" rating on shares of NVIDIA in a report on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, thirty-five have given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $172.24.

NVIDIA Price Performance

NASDAQ:NVDA opened at $141.97 on Friday. The firm has a market cap of $3.46 trillion, a P/E ratio of 55.87, a price-to-earnings-growth ratio of 1.76 and a beta of 2.12. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. NVIDIA Co. has a 12 month low of $86.62 and a 12 month high of $153.13. The stock has a 50 day moving average of $122.77 and a two-hundred day moving average of $126.44.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The company had revenue of $44.06 billion for the quarter, compared to analysts' expectations of $43.09 billion. During the same period in the previous year, the business posted $0.61 EPS. The business's revenue for the quarter was up 69.2% on a year-over-year basis. On average, analysts expect that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th will be given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. The ex-dividend date of this dividend is Wednesday, June 11th. NVIDIA's dividend payout ratio (DPR) is 1.29%.

NVIDIA 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.

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