Capital Asset Advisory Services LLC Sells 18,269 Shares of NVIDIA Corporation $NVDA

Capital Asset Advisory Services LLC trimmed its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA) by 8.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 196,281 shares of the computer hardware maker’s stock after selling 18,269 shares during the quarter. NVIDIA comprises 1.6% of Capital Asset Advisory Services LLC’s portfolio, making the stock its 21st biggest holding. Capital Asset Advisory Services LLC’s holdings in NVIDIA were worth $36,622,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Center for Financial Planning Inc. grew its stake in shares of NVIDIA by 4.6% in the 2nd quarter. Center for Financial Planning Inc. now owns 8,429 shares of the computer hardware maker’s stock valued at $1,332,000 after purchasing an additional 367 shares during the period. Atria Investments Inc boosted its stake in NVIDIA by 3.2% in the 2nd quarter. Atria Investments Inc now owns 942,208 shares of the computer hardware maker’s stock valued at $148,859,000 after buying an additional 29,479 shares in the last quarter. Fielder Capital Group LLC grew its position in NVIDIA by 9.7% in the first quarter. Fielder Capital Group LLC now owns 50,469 shares of the computer hardware maker’s stock valued at $5,470,000 after acquiring an additional 4,444 shares during the period. MADDEN SECURITIES Corp grew its position in NVIDIA by 3.2% in the second quarter. MADDEN SECURITIES Corp now owns 81,322 shares of the computer hardware maker’s stock valued at $12,848,000 after acquiring an additional 2,484 shares during the period. Finally, ORG Wealth Partners LLC raised its stake in NVIDIA by 7.7% during the second quarter. ORG Wealth Partners LLC now owns 49,301 shares of the computer hardware maker’s stock worth $7,560,000 after acquiring an additional 3,542 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director Mark A. Stevens sold 350,000 shares of the company’s stock in a transaction on Friday, December 5th. The shares were sold at an average price of $181.73, for a total transaction of $63,605,500.00. Following the completion of the sale, the director owned 7,049,803 shares in the company, valued at approximately $1,281,160,699.19. The trade was a 4.73% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Debora Shoquist sold 69,840 shares of the firm’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $177.85, for a total value of $12,421,044.00. Following the completion of the transaction, the executive vice president owned 1,424,603 shares in the company, valued at $253,365,643.55. This represents a 4.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 2,679,474 shares of company stock valued at $487,070,117 over the last 90 days. Company insiders own 4.17% of the company’s stock.

NVIDIA Stock Down 3.8%

Shares of NVDA opened at $170.94 on Thursday. The business’s fifty day moving average price is $186.00 and its two-hundred day moving average price is $174.63. The firm has a market capitalization of $4.15 trillion, a price-to-earnings ratio of 42.42, a PEG ratio of 0.87 and a beta of 2.29. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $212.19. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.71 and a current ratio of 4.47.

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

NVIDIA Announces Dividend

The firm also recently declared 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. The ex-dividend date is Thursday, December 4th. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. NVIDIA’s payout ratio is currently 0.99%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Seaport Global Securities boosted their target price on shares of NVIDIA from $100.00 to $140.00 and gave the company a “sell” rating in a research note on Monday, November 17th. KeyCorp upped their price objective on shares of NVIDIA from $250.00 to $275.00 and gave the stock an “overweight” rating in a research note on Thursday, November 20th. DA Davidson reiterated a “buy” rating and issued a $250.00 target price on shares of NVIDIA in a research note on Thursday, November 20th. Susquehanna boosted their target price on NVIDIA from $230.00 to $250.00 and gave the stock a “positive” rating in a report on Thursday, November 20th. Finally, BNP Paribas Exane raised their price target on NVIDIA from $240.00 to $250.00 and gave the company an “outperform” rating in a report on Tuesday, November 18th. Four equities research analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $258.65.

About NVIDIA

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.