NVIDIA Co. (NASDAQ:NVDA) is Capital Investment Services of America Inc.’s Largest Position

Capital Investment Services of America Inc. cut its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 3.8% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 408,491 shares of the computer hardware maker’s stock after selling 16,079 shares during the period. NVIDIA comprises approximately 5.2% of Capital Investment Services of America Inc.’s holdings, making the stock its largest position. Capital Investment Services of America Inc.’s holdings in NVIDIA were worth $54,856,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in NVDA. Legacy CG LLC grew its stake in NVIDIA by 15.6% in the fourth quarter. Legacy CG LLC now owns 44,824 shares of the computer hardware maker’s stock valued at $6,019,000 after purchasing an additional 6,035 shares in the last quarter. YANKCOM Partnership purchased a new stake in shares of NVIDIA during the 4th quarter worth about $3,736,000. Bleakley Financial Group LLC lifted its holdings in shares of NVIDIA by 2.2% during the 4th quarter. Bleakley Financial Group LLC now owns 557,758 shares of the computer hardware maker’s stock valued at $74,901,000 after buying an additional 11,930 shares during the last quarter. Brandywine Oak Private Wealth LLC grew its stake in shares of NVIDIA by 0.9% in the 4th quarter. Brandywine Oak Private Wealth LLC now owns 75,612 shares of the computer hardware maker’s stock valued at $10,154,000 after buying an additional 657 shares in the last quarter. Finally, Kercheville Advisors LLC increased its holdings in NVIDIA by 21.4% in the fourth quarter. Kercheville Advisors LLC now owns 121,654 shares of the computer hardware maker’s stock worth $16,337,000 after buying an additional 21,423 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on NVDA shares. Barclays lifted their target price on shares of NVIDIA from $160.00 to $175.00 and gave the company an “overweight” rating in a research note on Friday, January 17th. Robert W. Baird lifted their price objective on shares of NVIDIA from $150.00 to $190.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Truist Financial increased their target price on shares of NVIDIA from $204.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Wedbush reaffirmed an “outperform” rating and issued a $175.00 price target on shares of NVIDIA in a research report on Thursday, February 20th. Finally, JPMorgan Chase & Co. upped their price target on NVIDIA from $155.00 to $170.00 and gave the stock an “overweight” rating in a research note on Thursday, November 21st. Four analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $171.69.

NVIDIA Trading Down 5.7 %

Shares of NVDA opened at $110.57 on Friday. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. The stock has a market cap of $2.70 trillion, a PE ratio of 43.51, a PEG ratio of 1.76 and a beta of 1.77. NVIDIA Co. has a 1 year low of $75.61 and a 1 year high of $153.13. The stock has a 50 day simple moving average of $132.15 and a 200-day simple moving average of $131.75.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.05. The firm had revenue of $39.33 billion during the quarter, compared to analyst estimates of $38.16 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. On average, sell-side analysts predict that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be given a $0.01 dividend. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $0.04 dividend on an annualized basis and a yield of 0.04%. NVIDIA’s dividend payout ratio (DPR) is presently 1.36%.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, CFO Colette Kress sold 66,670 shares of NVIDIA stock in a transaction on Friday, December 13th. The stock was sold at an average price of $135.40, for a total value of $9,027,118.00. Following the completion of the transaction, the chief financial officer now owns 3,351,572 shares in the company, valued at approximately $453,802,848.80. The trade was a 1.95 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Ajay K. Puri sold 36,462 shares of the business’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $151.10, for a total value of $5,509,408.20. Following the completion of the transaction, the executive vice president now directly owns 3,902,888 shares in the company, valued at approximately $589,726,376.80. This represents a 0.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,107,632 shares of company stock worth $146,405,286 over the last ninety days. Corporate insiders own 4.23% of the company’s stock.

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.