Capital Investment Advisors LLC Acquires 11,252 Shares of NVIDIA Corporation $NVDA

Capital Investment Advisors LLC raised its position in NVIDIA Corporation (NASDAQ:NVDAFree Report) by 2.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 415,668 shares of the computer hardware maker’s stock after purchasing an additional 11,252 shares during the period. NVIDIA accounts for 1.3% of Capital Investment Advisors LLC’s investment portfolio, making the stock its 16th biggest position. Capital Investment Advisors LLC’s holdings in NVIDIA were worth $77,555,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of NVDA. State Street Corp lifted its position in NVIDIA by 1.0% in the 2nd quarter. State Street Corp now owns 978,208,862 shares of the computer hardware maker’s stock valued at $154,556,803,000 after acquiring an additional 9,554,857 shares in the last quarter. Geode Capital Management LLC lifted its position in NVIDIA by 1.5% during the second quarter. Geode Capital Management LLC now owns 579,213,497 shares of the computer hardware maker’s stock valued at $91,150,170,000 after purchasing an additional 8,521,936 shares during the last quarter. Kingstone Capital Partners Texas LLC grew its position in NVIDIA by 267,959.7% in the second 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 acquiring an additional 382,231,120 shares in the last quarter. Norges Bank purchased a new stake in shares of NVIDIA in the second quarter valued at $51,386,863,000. Finally, Legal & General Group Plc lifted its stake in shares of NVIDIA by 1.5% during the 2nd quarter. Legal & General Group Plc now owns 178,593,475 shares of the computer hardware maker’s stock worth $28,215,983,000 after acquiring an additional 2,623,678 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors.

Insider Transactions at NVIDIA

In other NVIDIA news, Director Mark A. Stevens sold 350,000 shares of NVIDIA stock in a transaction on Friday, December 5th. The shares were sold at an average price of $181.73, for a total value of $63,605,500.00. Following the completion of the transaction, the director owned 7,049,803 shares of the company’s stock, valued at $1,281,160,699.19. The trade was a 4.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Colette Kress sold 30,500 shares of the firm’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $178.11, for a total transaction of $5,432,355.00. Following the completion of the transaction, the chief financial officer directly owned 1,286,826 shares in the company, valued at $229,196,578.86. This represents a 2.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,636,474 shares of company stock worth $298,482,982 over the last three months. Insiders own 4.17% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. HSBC set a $320.00 price target on shares of NVIDIA and gave the company a “buy” rating in a report on Wednesday, October 15th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of NVIDIA in a report on Wednesday, January 21st. Royal Bank Of Canada reissued a “buy” rating on shares of NVIDIA in a report on Thursday, January 15th. Rosenblatt Securities upped their price target on NVIDIA from $240.00 to $245.00 and gave the stock a “buy” rating in a report on Thursday, November 20th. Finally, Citic Securities increased their target price on shares of NVIDIA from $237.00 to $242.00 and gave the company a “buy” rating in a research report on Thursday, November 20th. Four investment analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $263.41.

Get Our Latest Analysis on NVIDIA

Key Stories Impacting NVIDIA

Here are the key news stories impacting NVIDIA this week:

NVIDIA Trading Up 1.6%

NASDAQ NVDA opened at $187.81 on Monday. The firm has a 50-day moving average price of $183.38 and a 200 day moving average price of $181.81. The stock has a market capitalization of $4.56 trillion, a P/E ratio of 46.60, a P/E/G ratio of 0.91 and a beta of 2.31. The company has a quick ratio of 3.71, a current ratio of 4.47 and a debt-to-equity ratio of 0.06. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $212.19.

NVIDIA (NASDAQ:NVDAGet Free Report) last released its quarterly earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $0.07. The business had revenue of $57.01 billion for 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 company’s revenue was up 62.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.81 EPS. Equities research analysts expect that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Thursday, December 4th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Thursday, December 4th. This represents a $0.04 annualized dividend and a yield of 0.0%. NVIDIA’s payout ratio is 0.99%.

About NVIDIA

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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