NVIDIA Corporation $NVDA Shares Sold by Capital Investment Services of America Inc.

Key Points

• Capital Investment Services of America trimmed its NVIDIA stake by 5.1% in the fourth quarter, but NVDA remains its largest holding at 6.5% of the portfolio, valued at about $68.4 million.
• Insider selling picked up, with Director Mark A. Stevens and EVP Ajay K. Puri both selling large blocks of shares; insiders have sold 906,336 shares worth about $162.8 million over the last 90 days.
• Despite the selling, analysts remain bullish on NVIDIA, citing strong AI datacenter demand and new platforms like Blackwell and Rubin, with multiple firms raising price targets and an average target around $278.73.

Capital Investment Services of America Inc. cut its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 5.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 366,850 shares of the computer hardware maker's stock after selling 19,565 shares during the quarter. NVIDIA comprises 6.5% of Capital Investment Services of America Inc.'s portfolio, making the stock its biggest holding. Capital Investment Services of America Inc.'s holdings in NVIDIA were worth $68,418,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Diversified Enterprises LLC lifted its position in shares of NVIDIA by 44.2% during the 4th quarter. Diversified Enterprises LLC now owns 127,604 shares of the computer hardware maker's stock worth $23,798,000 after buying an additional 39,129 shares during the last quarter. PMG Family Office LLC bought a new stake in shares of NVIDIA during the 3rd quarter worth $2,150,000. Oak Ridge Investments LLC lifted its position in shares of NVIDIA by 2.2% during the 3rd quarter. Oak Ridge Investments LLC now owns 970,860 shares of the computer hardware maker's stock worth $181,143,000 after buying an additional 20,559 shares during the last quarter. Weaver Capital Management LLC lifted its position in shares of NVIDIA by 5.5% during the 4th quarter. Weaver Capital Management LLC now owns 85,216 shares of the computer hardware maker's stock worth $15,893,000 after buying an additional 4,439 shares during the last quarter. Finally, Circle Wealth Management LLC lifted its position in shares of NVIDIA by 16.1% during the 3rd quarter. Circle Wealth Management LLC now owns 107,787 shares of the computer hardware maker's stock worth $20,111,000 after buying an additional 14,936 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other NVIDIA news, Director Mark A. Stevens sold 221,682 shares of NVIDIA stock in a transaction dated Friday, March 20th. The stock was sold at an average price of $173.68, for a total transaction of $38,501,729.76. Following the completion of the sale, the director owned 7,399,771 shares of the company's stock, valued at $1,285,192,227.28. The trade was a 2.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Ajay K. Puri sold 300,000 shares of the business's stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $182.25, for a total value of $54,675,000.00. Following the completion of the sale, the executive vice president directly owned 3,018,547 shares of the company's stock, valued at approximately $550,130,190.75. This trade represents a 9.04% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 906,336 shares of company stock valued at $162,802,518 in the last 90 days. Corporate insiders own 4.17% of the company's stock.

NVIDIA News Roundup

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Several Wall Street firms remain bullish ahead of earnings, with KeyBanc, DA Davidson, Morgan Stanley and Wedbush all raising price targets to as high as $300, citing continued momentum from Blackwell and the coming Rubin platform. Article Title
• Positive Sentiment: Coverage continues to point to strong AI datacenter demand and a likely “beat-and-raise” quarter, with analysts and investors expecting another huge revenue print and strong guidance. Article Title
• Positive Sentiment: Hedge-fund filings showing managers such as Tiger Global, Bridgewater, Soros Fund Management and D1 Capital adding to NVDA stakes reinforce institutional confidence in the stock. Article Title
• Neutral Sentiment: Most of the recent news flow is centered on investor positioning and earnings anticipation, including options-market activity, prediction-market bets, and broad media attention ahead of the report. Article Title
• Negative Sentiment: Some commentary warns that expectations are extremely high, the options market is signaling volatility, and any miss or cautious guidance could disappoint investors. Article Title
• Negative Sentiment: Bearish analysis is also emerging around valuation and demand sustainability, with one report arguing that political backlash against data centers and a shift toward more CPU-centric architectures could pressure future GPU demand. Article Title

NVIDIA Stock Down 1.3%

NVDA stock opened at $222.32 on Tuesday. NVIDIA Corporation has a twelve month low of $129.16 and a twelve month high of $236.54. The company has a quick ratio of 3.24, a current ratio of 3.91 and a debt-to-equity ratio of 0.05. The stock's 50 day moving average is $193.14 and its 200-day moving average is $188.51. The firm has a market capitalization of $5.38 trillion, a PE ratio of 45.37, a P/E/G ratio of 0.70 and a beta of 2.25.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings results on Wednesday, February 25th. The computer hardware maker reported $1.62 EPS for the quarter, topping analysts' consensus estimates of $1.54 by $0.08. The business had revenue of $68.13 billion for the quarter, compared to analyst estimates of $65.56 billion. NVIDIA had a return on equity of 97.37% and a net margin of 55.60%.NVIDIA's quarterly revenue was up 73.2% compared to the same quarter last year. During the same period last year, the company posted $0.89 earnings per share. Sell-side analysts expect that NVIDIA Corporation will post 7.84 EPS for the current fiscal year.

NVIDIA Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 11th were given a $0.01 dividend. The ex-dividend date was Wednesday, March 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. NVIDIA's payout ratio is 0.82%.

Analyst Ratings Changes

A number of equities analysts have issued reports on NVDA shares. Robert W. Baird upped their target price on NVIDIA from $275.00 to $300.00 and gave the stock an "outperform" rating in a report on Thursday, February 26th. Wedbush reaffirmed an "outperform" rating and issued a $300.00 target price on shares of NVIDIA in a report on Monday. Raymond James Financial upped their target price on NVIDIA from $291.00 to $323.00 and gave the stock a "strong-buy" rating in a report on Thursday, March 19th. TD Cowen reaffirmed a "buy" rating and issued a $275.00 target price (up from $235.00) on shares of NVIDIA in a report on Friday. Finally, BTIG Research began coverage on NVIDIA in a research note on Wednesday, April 15th. They issued a "buy" rating for the company. Four equities research analysts have rated the stock with a Strong Buy rating, forty-eight have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, NVIDIA has an average rating of "Buy" and an average target price of $278.73.

About NVIDIA

NVIDIA Corporation, founded in 1993 and headquartered in Santa Clara, California, is a global technology company that designs and develops graphics processing units (GPUs) and system-on-chip (SoC) technologies. Co-founded by Jensen Huang, who serves as president and chief executive officer, along with Chris Malachowsky and Curtis Priem, NVIDIA has grown from a graphics-focused chipmaker into a broad provider of accelerated computing hardware and software for multiple industries.

The company's product portfolio spans discrete GPUs for gaming and professional visualization (marketed under the GeForce and NVIDIA RTX lines), high-performance data center accelerators used for AI training and inference (including widely adopted platforms such as the A100 and H100 series), and Tegra SoCs for automotive and edge applications.

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 reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.