Capital Investment Counsel LLC Sells 806 Shares of NVIDIA Corporation $NVDA

Capital Investment Counsel LLC lessened its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 6.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,113 shares of the computer hardware maker’s stock after selling 806 shares during the period. Capital Investment Counsel LLC’s holdings in NVIDIA were worth $1,756,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the stock. Harbor Asset Planning Inc. acquired a new position in NVIDIA during the second quarter worth $28,000. Kathleen S. Wright Associates Inc. grew its position in shares of NVIDIA by 169.3% in the 1st quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker’s stock valued at $44,000 after acquiring an additional 254 shares during the period. Legend Financial Advisors Inc. acquired a new position in shares of NVIDIA during the 2nd quarter worth about $55,000. Campbell Capital Management Inc. raised its holdings in shares of NVIDIA by 5,900.0% in the 1st quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker’s stock valued at $65,000 after purchasing an additional 590 shares during the period. Finally, Westend Capital Management LLC raised its holdings in shares of NVIDIA by 46.8% in the 2nd quarter. Westend Capital Management LLC now owns 455 shares of the computer hardware maker’s stock valued at $72,000 after purchasing an additional 145 shares during the period. 65.27% of the stock is currently owned by institutional investors.

Insider Buying and Selling at NVIDIA

In related news, CFO Colette Kress sold 27,640 shares of the firm’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $208.33, for a total value of $5,758,241.20. Following the transaction, the chief financial officer owned 2,828,122 shares in the company, valued at approximately $589,182,656.26. This trade represents a 0.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jen Hsun Huang sold 25,000 shares of the company’s stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $207.91, for a total transaction of $5,197,750.00. Following the sale, the chief executive officer directly owned 69,733,203 shares of the company’s stock, valued at $14,498,230,235.73. This represents a 0.04% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 3,251,577 shares of company stock worth $583,143,187. 4.17% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

NVDA has been the subject of a number of recent analyst reports. Wolfe Research raised their price objective on NVIDIA from $230.00 to $250.00 and gave the company an “outperform” rating in a research report on Thursday, November 20th. BNP Paribas raised NVIDIA to a “hold” rating in a report on Friday, August 1st. Wells Fargo & Company reaffirmed an “overweight” rating and set a $265.00 price objective (up from $220.00) on shares of NVIDIA in a research report on Friday, November 14th. Daiwa Capital Markets increased their price objective on shares of NVIDIA from $165.00 to $205.00 and gave the company an “outperform” rating in a research report on Wednesday, September 17th. Finally, Wall Street Zen raised shares of NVIDIA from a “hold” rating to a “buy” rating in a report on Sunday, October 19th. Four analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $257.79.

NVIDIA Price Performance

Shares of NVIDIA stock opened at $182.55 on Tuesday. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $4.44 trillion, a price-to-earnings ratio of 52.01, a price-to-earnings-growth ratio of 1.49 and a beta of 2.11. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $212.19. The company has a 50-day simple moving average of $186.56 and a two-hundred day simple moving average of $169.23.

NVIDIA (NASDAQ:NVDA) last announced its earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 EPS for the quarter, topping the consensus estimate of $1.23 by $0.07. The company had revenue of $57.01 billion for the quarter, compared to analysts’ expectations of $54.66 billion. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The business’s revenue for the quarter was up 62.5% on a year-over-year basis. During the same period last year, the firm earned $0.81 earnings per share. NVIDIA has set its Q4 2026 guidance at EPS. Analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 26th. Stockholders of record on Thursday, December 4th will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date is Thursday, December 4th. NVIDIA’s dividend payout ratio is presently 0.99%.

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.