Capital Investment Services of America Inc. lessened its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 3.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 393,904 shares of the computer hardware maker's stock after selling 14,587 shares during the period. NVIDIA accounts for approximately 4.3% of Capital Investment Services of America Inc.'s portfolio, making the stock its 4th largest holding. Capital Investment Services of America Inc.'s holdings in NVIDIA were worth $42,691,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Byrne Asset Management LLC increased its position in NVIDIA by 9.4% during the first quarter. Byrne Asset Management LLC now owns 30,868 shares of the computer hardware maker's stock worth $3,345,000 after purchasing an additional 2,643 shares during the last quarter. Retirement Financial Solutions LLC increased its position in NVIDIA by 9.2% during the first quarter. Retirement Financial Solutions LLC now owns 3,781 shares of the computer hardware maker's stock worth $410,000 after purchasing an additional 317 shares during the last quarter. Farmers & Merchants Investments Inc. increased its position in NVIDIA by 133.6% during the first quarter. Farmers & Merchants Investments Inc. now owns 155,294 shares of the computer hardware maker's stock worth $16,831,000 after purchasing an additional 88,806 shares during the last quarter. Tritonpoint Wealth LLC increased its position in NVIDIA by 3.6% during the first quarter. Tritonpoint Wealth LLC now owns 98,160 shares of the computer hardware maker's stock worth $10,640,000 after purchasing an additional 3,383 shares during the last quarter. Finally, Stock Yards Bank & Trust Co. increased its position in shares of NVIDIA by 8.4% in the first quarter. Stock Yards Bank & Trust Co. now owns 393,000 shares of the computer hardware maker's stock worth $42,593,000 after acquiring an additional 30,609 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.
NVIDIA Stock Performance
Shares of NVDA stock opened at $157.75 on Monday. The business has a fifty day moving average of $130.96 and a 200 day moving average of $126.89. The firm has a market capitalization of $3.85 trillion, a price-to-earnings ratio of 50.89, a price-to-earnings-growth ratio of 1.40 and a beta of 2.12. 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 Corporation has a 1 year low of $86.62 and a 1 year high of $158.71.
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 (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.06). NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The firm had revenue of $44.06 billion during the quarter, compared to analyst estimates of $43.09 billion. During the same quarter in the previous year, the firm posted $0.61 earnings per share. The company's quarterly revenue was up 69.2% on a year-over-year basis. As a group, research analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current year.
NVIDIA Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. The ex-dividend date of this dividend is Wednesday, June 11th. NVIDIA's payout ratio is presently 1.29%.
Analysts Set New Price Targets
Several brokerages have recently weighed in on NVDA. Benchmark restated a "buy" rating and issued a $190.00 target price on shares of NVIDIA in a research note on Thursday, May 29th. Summit Insights upgraded shares of NVIDIA from a "hold" rating to a "buy" rating in a research report on Thursday, May 29th. Stifel Nicolaus set a $180.00 price target on shares of NVIDIA in a research report on Wednesday, March 19th. KeyCorp set a $190.00 price target on shares of NVIDIA in a research report on Wednesday, March 19th. Finally, Arete Research raised shares of NVIDIA to a "strong-buy" rating in a research note on Wednesday, May 21st. One analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-four have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, NVIDIA presently has a consensus rating of "Moderate Buy" and an average target price of $175.78.
Check Out Our Latest Research Report on NVIDIA
Insider Activity
In other NVIDIA news, Director Tench Coxe sold 1,000,000 shares of the business's stock in a transaction that occurred 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 sale, the director now owns 26,671,360 shares of the company's stock, valued at $3,808,670,208. The trade was a 3.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Robert K. Burgess sold 50,000 shares of the business's stock in a transaction that occurred on Friday, May 30th. The shares were 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 in the company, valued at approximately $27,104,752.08. The trade was a 19.92% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,792,267 shares of company stock valued at $544,823,117. 4.17% of the stock is currently owned by company insiders.
About NVIDIA
(
Free Report)
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.
Featured Stories
Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Corporation (NASDAQ:NVDA - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider NVIDIA, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NVIDIA wasn't on the list.
While NVIDIA currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
