Cary Street Partners Financial LLC Has $27.70 Million Stock Holdings in NVIDIA Corporation $NVDA

Cary Street Partners Financial LLC boosted its position in shares of NVIDIA Corporation (NASDAQ:NVDA) by 2.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 175,325 shares of the computer hardware maker’s stock after purchasing an additional 4,650 shares during the quarter. NVIDIA accounts for about 0.8% of Cary Street Partners Financial LLC’s investment portfolio, making the stock its 25th biggest holding. Cary Street Partners Financial LLC’s holdings in NVIDIA were worth $27,700,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of NVDA. Kingstone Capital Partners Texas LLC raised its stake in NVIDIA by 267,959.7% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 382,373,765 shares of the computer hardware maker’s stock worth $64,976,521,000 after buying an additional 382,231,120 shares during the period. Norges Bank bought a new stake in shares of NVIDIA in the second quarter worth about $51,386,863,000. Nuveen LLC acquired a new stake in shares of NVIDIA during the first quarter worth about $15,089,414,000. Goldman Sachs Group Inc. lifted its holdings in shares of NVIDIA by 123.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 187,995,213 shares of the computer hardware maker’s stock valued at $20,374,921,000 after purchasing an additional 103,889,872 shares in the last quarter. Finally, Laurel Wealth Advisors LLC grew its position in shares of NVIDIA by 15,496.1% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 21,865,525 shares of the computer hardware maker’s stock valued at $3,454,534,000 after purchasing an additional 21,725,326 shares during the period. Institutional investors own 65.27% of the company’s stock.

NVIDIA Price Performance

Shares of NASDAQ NVDA opened at $180.93 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.47 and a quick ratio of 3.71. The business has a 50-day moving average of $186.94 and a 200-day moving average of $173.24. The stock has a market capitalization of $4.40 trillion, a price-to-earnings ratio of 44.89, a PEG ratio of 0.90 and a beta of 2.29. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $212.19.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 EPS for the quarter, beating the consensus estimate of $1.23 by $0.07. The firm had revenue of $57.01 billion during the quarter, compared to analysts’ expectations of $54.66 billion. NVIDIA had a return on equity of 99.24% and a net margin of 53.01%.The business’s quarterly revenue was up 62.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.81 earnings per share. As a group, sell-side analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

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

Insider Activity

In other NVIDIA news, Director John Dabiri sold 626 shares of the stock in a transaction on Monday, November 24th. The shares were sold at an average price of $179.42, for a total value of $112,316.92. Following the completion of the sale, the director owned 17,792 shares in the company, valued at $3,192,240.64. This trade represents a 3.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Mark A. Stevens sold 350,000 shares of the business’s stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $181.73, for a total transaction of $63,605,500.00. Following the transaction, the director owned 7,049,803 shares in the company, valued at $1,281,160,699.19. This represents a 4.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 2,629,134 shares of company stock valued at $477,077,768. 4.17% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. UBS Group restated a “buy” rating on shares of NVIDIA in a report on Tuesday. New Street Research restated a “buy” rating and set a $307.00 price objective on shares of NVIDIA in a report on Thursday, October 30th. Rothschild & Co Redburn boosted their price objective on shares of NVIDIA from $211.00 to $245.00 and gave the company a “buy” rating in a research report on Monday, November 17th. Raymond James Financial set a $272.00 target price on shares of NVIDIA and gave the stock a “strong-buy” rating in a research note on Thursday, November 20th. Finally, Citigroup lifted their price target on NVIDIA from $220.00 to $270.00 and gave the company a “buy” rating in a research note on Thursday, November 20th. Four investment 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’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $258.65.

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.