Capital Investment Advisors LLC Buys 30,650 Shares of NVIDIA Corporation (NASDAQ:NVDA)

Capital Investment Advisors LLC grew its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 8.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 401,792 shares of the computer hardware maker's stock after buying an additional 30,650 shares during the period. Capital Investment Advisors LLC's holdings in NVIDIA were worth $43,546,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. PFW Advisors LLC increased its position in NVIDIA by 1.7% in the first quarter. PFW Advisors LLC now owns 25,406 shares of the computer hardware maker's stock worth $2,754,000 after purchasing an additional 428 shares during the last quarter. Lloyd Advisory Services LLC. increased its position in NVIDIA by 23.3% in the first quarter. Lloyd Advisory Services LLC. now owns 16,986 shares of the computer hardware maker's stock worth $1,841,000 after purchasing an additional 3,209 shares during the last quarter. Meridian Financial Partners LLC increased its position in NVIDIA by 1.8% in the first quarter. Meridian Financial Partners LLC now owns 24,097 shares of the computer hardware maker's stock worth $2,612,000 after purchasing an additional 423 shares during the last quarter. Bennett Selby Investments LP increased its position in NVIDIA by 37.8% in the first quarter. Bennett Selby Investments LP now owns 32,255 shares of the computer hardware maker's stock worth $3,496,000 after purchasing an additional 8,850 shares during the last quarter. Finally, Bangor Savings Bank increased its position in NVIDIA by 36.9% in the first quarter. Bangor Savings Bank now owns 19,168 shares of the computer hardware maker's stock worth $2,077,000 after purchasing an additional 5,162 shares during the last quarter. Institutional investors own 65.27% of the company's stock.

Insiders Place Their Bets

In other NVIDIA news, Director Robert K. Burgess sold 50,000 shares of the firm's stock in a transaction on Friday, May 30th. The stock was sold at an average price of $134.82, for a total value of $6,741,000.00. Following the completion of the sale, the director now directly owns 201,044 shares of the company's stock, valued at $27,104,752.08. This trade represents a 19.92% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Tench Coxe sold 1,000,000 shares of the firm's stock in a transaction on Monday, June 9th. The stock was sold at an average price of $142.80, for a total value of $142,800,000.00. Following the completion of the sale, the director now directly owns 26,671,360 shares of the company's stock, valued at $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 2,469,685 shares of company stock valued at $349,669,962 in the last three months. 4.17% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. UBS Group reaffirmed a "buy" rating on shares of NVIDIA in a research note on Friday, May 23rd. Arete Research raised shares of NVIDIA to a "strong-buy" rating in a research note on Wednesday, May 21st. Raymond James Financial upped their price objective on shares of NVIDIA from $150.00 to $165.00 and gave the stock a "strong-buy" rating in a research note on Thursday, May 29th. Needham & Company LLC restated a "buy" rating and set a $160.00 price objective 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, four have assigned a hold rating, thirty-five have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, NVIDIA currently has an average rating of "Moderate Buy" and an average target price of $173.05.

NVIDIA Stock Down 1.1%

NASDAQ NVDA opened at $143.83 on Friday. The business has a fifty day moving average price of $126.37 and a 200 day moving average price of $126.56. NVIDIA Corporation has a one year low of $86.62 and a one year high of $153.13. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.96 and a current ratio of 3.39. The company has a market cap of $3.51 trillion, a P/E ratio of 46.40, a P/E/G ratio of 1.27 and a beta of 2.12.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 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 firm had revenue of $44.06 billion during the quarter, compared to analyst estimates of $43.09 billion. During the same period in the prior year, the company posted $0.61 earnings per share. The firm's revenue for the quarter was up 69.2% compared to the same quarter last year. Research analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th will be paid 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 is Wednesday, June 11th. NVIDIA's dividend payout ratio (DPR) is presently 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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