Community Financial Services Group LLC Has $10.89 Million Stake in NVIDIA Corporation (NASDAQ:NVDA)

Community Financial Services Group LLC cut its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 28.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 100,451 shares of the computer hardware maker's stock after selling 39,322 shares during the quarter. NVIDIA accounts for 2.4% of Community Financial Services Group LLC's portfolio, making the stock its 12th largest holding. Community Financial Services Group LLC's holdings in NVIDIA were worth $10,887,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Wealth Group Ltd. increased its position in NVIDIA by 1.8% in the 4th quarter. Wealth Group Ltd. now owns 5,702 shares of the computer hardware maker's stock worth $766,000 after purchasing an additional 100 shares during the last quarter. Tallon Kerry Patrick acquired a new stake in shares of NVIDIA during the 4th quarter valued at about $972,000. Capital & Planning LLC lifted its holdings in shares of NVIDIA by 16.9% during the 4th quarter. Capital & Planning LLC now owns 7,604 shares of the computer hardware maker's stock valued at $1,021,000 after buying an additional 1,099 shares during the last quarter. Ironwood Wealth Management LLC. lifted its holdings in shares of NVIDIA by 1.6% during the 4th quarter. Ironwood Wealth Management LLC. now owns 6,483 shares of the computer hardware maker's stock valued at $871,000 after buying an additional 104 shares during the last quarter. Finally, Brighton Jones LLC lifted its holdings in shares of NVIDIA by 12.4% during the 4th quarter. Brighton Jones LLC now owns 324,901 shares of the computer hardware maker's stock valued at $43,631,000 after buying an additional 35,815 shares during the last quarter. 65.27% of the stock is owned by institutional investors.

Insider Buying and Selling at NVIDIA

In related news, CEO Jen Hsun Huang sold 75,000 shares of the firm's stock in a transaction on Wednesday, July 9th. The stock was sold at an average price of $163.11, for a total transaction of $12,233,250.00. Following the sale, the chief executive officer owned 74,873,225 shares of the company's stock, valued at approximately $12,212,571,729.75. This trade represents a 0.10% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director A Brooke Seawell sold 49,131 shares of the firm's stock in a transaction on Thursday, July 10th. The stock was sold at an average price of $162.83, for a total value of $8,000,000.73. Following the sale, the director directly owned 1,826,382 shares in the company, valued at $297,389,781.06. The trade was a 2.62% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,520,246 shares of company stock worth $660,253,045 in the last ninety days. 4.17% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on NVDA. Summit Insights upgraded NVIDIA from a "hold" rating to a "buy" rating in a report on Thursday, May 29th. Mizuho boosted their price target on NVIDIA from $170.00 to $185.00 and gave the stock an "outperform" rating in a research report on Thursday, July 3rd. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $200.00 price target on shares of NVIDIA in a research report on Wednesday, April 16th. Raymond James Financial boosted their price target on NVIDIA from $150.00 to $165.00 and gave the stock a "strong-buy" rating in a research report on Thursday, May 29th. Finally, KeyCorp set a $190.00 price target on NVIDIA in a research report on Wednesday, March 19th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-four have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, NVIDIA has an average rating of "Moderate Buy" and an average target price of $177.72.

NVIDIA Trading Up 4.0%

Shares of NASDAQ:NVDA traded up $6.63 during midday trading on Tuesday, hitting $170.70. The company had a trading volume of 229,902,790 shares, compared to its average volume of 265,385,111. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $172.79. The company has a current ratio of 3.39, a quick ratio of 2.96 and a debt-to-equity ratio of 0.10. The stock has a market cap of $4.17 trillion, a price-to-earnings ratio of 55.06, a PEG ratio of 1.46 and a beta of 2.13. The firm has a fifty day simple moving average of $142.53 and a 200 day simple moving average of $128.80.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings results 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). The company had revenue of $44.06 billion during the quarter, compared to the consensus estimate of $43.09 billion. NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The firm's revenue for the quarter was up 69.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.61 earnings per share. On average, analysts predict that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th were paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.02%. The ex-dividend date was Wednesday, June 11th. NVIDIA's payout ratio is presently 1.29%.

NVIDIA Company 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.