Capital Asset Advisory Services LLC Has $32.89 Million Stake in NVIDIA Corporation $NVDA

Capital Asset Advisory Services LLC lifted its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 4.0% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 214,550 shares of the computer hardware maker's stock after acquiring an additional 8,234 shares during the period. NVIDIA accounts for about 1.5% of Capital Asset Advisory Services LLC's portfolio, making the stock its 21st largest position. Capital Asset Advisory Services LLC's holdings in NVIDIA were worth $32,891,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in NVDA. Astoria Portfolio Advisors LLC. increased its stake in NVIDIA by 0.9% during the 1st quarter. Astoria Portfolio Advisors LLC. now owns 93,568 shares of the computer hardware maker's stock valued at $9,610,000 after purchasing an additional 864 shares in the last quarter. Centerpoint Advisory Group lifted its position in shares of NVIDIA by 2.5% during the 1st quarter. Centerpoint Advisory Group now owns 39,398 shares of the computer hardware maker's stock worth $4,270,000 after buying an additional 943 shares in the last quarter. GSB Wealth Management LLC boosted its stake in NVIDIA by 3.3% in the first quarter. GSB Wealth Management LLC now owns 32,611 shares of the computer hardware maker's stock valued at $3,534,000 after acquiring an additional 1,043 shares during the last quarter. Variant Private Wealth LLC raised its stake in shares of NVIDIA by 20.6% in the first quarter. Variant Private Wealth LLC now owns 18,800 shares of the computer hardware maker's stock valued at $2,038,000 after buying an additional 3,206 shares during the period. Finally, Financial Perspectives Inc increased its stake in shares of NVIDIA by 2.8% in the first quarter. Financial Perspectives Inc now owns 45,958 shares of the computer hardware maker's stock worth $4,981,000 after purchasing an additional 1,265 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

Insider Activity

In other news, Director Mark A. Stevens sold 297,797 shares of the stock in a transaction on Friday, September 12th. The stock was sold at an average price of $178.19, for a total transaction of $53,064,447.43. Following the transaction, the director directly owned 7,749,803 shares of the company's stock, valued at $1,380,937,396.57. This represents a 3.70% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Dawn E. Hudson sold 18,000 shares of the company's stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $172.00, for a total transaction of $3,096,000.00. Following the sale, the director directly owned 368,887 shares of the company's stock, valued at $63,448,564. The trade was a 4.65% decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,819,522 shares of company stock worth $642,506,300 over the last three months. 4.17% of the stock is currently owned by insiders.

Analysts Set New Price Targets

NVDA has been the subject of several recent research reports. JPMorgan Chase & Co. reiterated an "overweight" rating and issued a $215.00 price target on shares of NVIDIA in a research report on Thursday, September 4th. Benchmark raised their target price on NVIDIA from $190.00 to $220.00 and gave the stock a "buy" rating in a research note on Thursday, August 28th. Needham & Company LLC reiterated a "buy" rating and set a $200.00 price target on shares of NVIDIA in a research report on Thursday, August 28th. Wall Street Zen raised shares of NVIDIA from a "hold" rating to a "buy" rating in a report on Friday, September 5th. Finally, Wedbush restated an "outperform" rating and issued a $210.00 price objective on shares of NVIDIA in a research report on Thursday, August 28th. Four research analysts have rated the stock with a Strong Buy rating, thirty-six have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, NVIDIA currently has a consensus rating of "Moderate Buy" and a consensus target price of $208.47.

NVIDIA Price Performance

Shares of NASDAQ NVDA opened at $176.24 on Friday. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $184.48. The stock has a market capitalization of $4.28 trillion, a P/E ratio of 50.21, a P/E/G ratio of 1.23 and a beta of 2.10. The company's 50-day moving average is $175.50 and its 200 day moving average is $143.02. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 3.60.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.04. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The business had revenue of $46.74 billion for the quarter, compared to analysts' expectations of $45.65 billion. During the same period in the previous year, the firm posted $0.68 EPS. The business's revenue was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. On average, sell-side analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Thursday, September 11th will be paid a $0.01 dividend. The ex-dividend date is Thursday, September 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. NVIDIA's payout ratio is presently 1.14%.

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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