Center For Asset Management LLC Has $3.48 Million Stock Holdings in NVIDIA Corporation (NASDAQ:NVDA)

Center For Asset Management LLC reduced its position in shares of NVIDIA Corporation (NASDAQ:NVDA) by 2.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 32,121 shares of the computer hardware maker’s stock after selling 890 shares during the quarter. NVIDIA comprises about 2.1% of Center For Asset Management LLC’s portfolio, making the stock its 14th biggest position. Center For Asset Management LLC’s holdings in NVIDIA were worth $3,481,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in NVDA. Norges Bank acquired a new position in NVIDIA during the 4th quarter worth approximately $43,515,504,000. GAMMA Investing LLC raised its stake in NVIDIA by 12,173.2% during the 1st quarter. GAMMA Investing LLC now owns 48,837,781 shares of the computer hardware maker’s stock worth $5,293,039,000 after buying an additional 48,439,859 shares during the period. Northern Trust Corp raised its stake in NVIDIA by 15.8% during the 4th quarter. Northern Trust Corp now owns 266,454,194 shares of the computer hardware maker’s stock worth $35,782,134,000 after buying an additional 36,266,817 shares during the period. Proficio Capital Partners LLC raised its stake in NVIDIA by 14,641.2% during the 4th quarter. Proficio Capital Partners LLC now owns 34,676,316 shares of the computer hardware maker’s stock worth $4,656,682,000 after buying an additional 34,441,082 shares during the period. Finally, Assenagon Asset Management S.A. raised its stake in NVIDIA by 204.6% during the 1st quarter. Assenagon Asset Management S.A. now owns 35,652,571 shares of the computer hardware maker’s stock worth $3,864,026,000 after buying an additional 23,948,733 shares during the period. 65.27% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $158.35, for a total transaction of $11,876,250.00. Following the completion of the transaction, the chief executive officer directly owned 75,023,225 shares in the company, valued at approximately $11,879,927,678.75. This trade represents a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director A Brooke Seawell sold 50,514 shares of NVIDIA stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $158.37, for a total transaction of $7,999,902.18. Following the transaction, the director owned 1,974,784 shares of the company’s stock, valued at $312,746,542.08. The trade was a 2.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 4,296,844 shares of company stock valued at $624,019,677 over the last 90 days. 4.17% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts have commented on the company. Mizuho boosted their price objective on NVIDIA from $170.00 to $185.00 and gave the stock an “outperform” rating in a report on Thursday, July 3rd. KeyCorp set a $190.00 price objective on NVIDIA in a report on Wednesday, March 19th. Stifel Nicolaus set a $180.00 price objective on NVIDIA in a report on Wednesday, March 19th. Hsbc Global Res lowered NVIDIA from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 3rd. Finally, William Blair reissued an “outperform” rating on shares of NVIDIA in a report on Thursday, March 20th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, thirty-four have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $176.47.

NVIDIA Stock Up 1.8%

Shares of NASDAQ:NVDA opened at $162.88 on Thursday. The stock’s 50-day moving average price is $139.47 and its 200-day moving average price is $128.43. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $164.42. The stock has a market capitalization of $3.97 trillion, a P/E ratio of 52.54, a price-to-earnings-growth ratio of 1.42 and a beta of 2.13. The company has a current ratio of 3.39, a quick ratio of 2.96 and a debt-to-equity ratio of 0.10.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.06). The company had revenue of $44.06 billion for the quarter, compared to the consensus estimate of $43.09 billion. NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The firm’s quarterly revenue was up 69.2% compared to the same quarter last year. During the same period last year, the business posted $0.61 earnings per share. On average, equities analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

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