Capital Investment Advisory Services LLC Increases Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

Capital Investment Advisory Services LLC raised its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 2.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 231,182 shares of the computer hardware maker’s stock after purchasing an additional 4,546 shares during the quarter. NVIDIA makes up approximately 3.0% of Capital Investment Advisory Services LLC’s portfolio, making the stock its 3rd largest holding. Capital Investment Advisory Services LLC’s holdings in NVIDIA were worth $31,045,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. OLD National Bancorp IN boosted its holdings in shares of NVIDIA by 8.5% in the fourth quarter. OLD National Bancorp IN now owns 363,101 shares of the computer hardware maker’s stock worth $48,761,000 after acquiring an additional 28,588 shares during the period. Westhampton Capital LLC lifted its holdings in NVIDIA by 1.3% during the 4th quarter. Westhampton Capital LLC now owns 41,384 shares of the computer hardware maker’s stock worth $5,557,000 after purchasing an additional 534 shares in the last quarter. Busey Bank boosted its stake in NVIDIA by 2.0% in the 4th quarter. Busey Bank now owns 853,153 shares of the computer hardware maker’s stock worth $114,570,000 after purchasing an additional 16,536 shares during the period. Abel Hall LLC grew its holdings in NVIDIA by 2.4% during the 4th quarter. Abel Hall LLC now owns 28,373 shares of the computer hardware maker’s stock valued at $3,810,000 after buying an additional 655 shares in the last quarter. Finally, Synergy Asset Management LLC increased its position in shares of NVIDIA by 110.3% during the fourth quarter. Synergy Asset Management LLC now owns 568,698 shares of the computer hardware maker’s stock valued at $74,094,000 after buying an additional 298,218 shares during the period. Institutional investors own 65.27% of the company’s stock.

NVIDIA Trading Down 3.1 %

Shares of NASDAQ NVDA opened at $130.28 on Tuesday. NVIDIA Co. has a 1 year low of $75.61 and a 1 year high of $153.13. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. The firm has a 50-day moving average of $134.63 and a 200 day moving average of $131.74. The stock has a market cap of $3.19 trillion, a P/E ratio of 51.27, a price-to-earnings-growth ratio of 1.76 and a beta of 1.62.

Analyst Ratings Changes

NVDA has been the subject of several recent analyst reports. Oppenheimer reaffirmed an “outperform” rating and set a $175.00 price objective on shares of NVIDIA in a research note on Thursday, November 21st. Piper Sandler boosted their price target on shares of NVIDIA from $140.00 to $175.00 and gave the company an “overweight” rating in a research report on Monday, November 11th. Tigress Financial raised shares of NVIDIA from a “buy” rating to a “strong-buy” rating and upped their price target for the stock from $170.00 to $220.00 in a report on Tuesday, January 28th. Rosenblatt Securities reiterated a “buy” rating and set a $220.00 price target on shares of NVIDIA in a research report on Monday. Finally, Citigroup increased their target price on NVIDIA from $170.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Four analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $168.21.

Insider Buying and Selling at NVIDIA

In other news, CFO Colette Kress sold 66,670 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $135.40, for a total transaction of $9,027,118.00. Following the completion of the transaction, the chief financial officer now directly owns 3,351,572 shares in the company, valued at $453,802,848.80. This trade represents a 1.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Tench Coxe sold 1,000,000 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $131.26, for a total transaction of $131,260,000.00. Following the completion of the transaction, the director now owns 28,671,360 shares in the company, valued at approximately $3,763,402,713.60. The trade was a 3.37 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,107,632 shares of company stock valued at $146,405,286. 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.