Carson Advisory Inc. Sells 300 Shares of NVIDIA Corporation (NASDAQ:NVDA)

Carson Advisory Inc. trimmed its stake in NVIDIA Corporation (NASDAQ:NVDA) by 4.1% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,016 shares of the computer hardware maker’s stock after selling 300 shares during the period. Carson Advisory Inc.’s holdings in NVIDIA were worth $760,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Astoria Portfolio Advisors LLC. increased its position in NVIDIA by 0.9% during the first quarter. Astoria Portfolio Advisors LLC. now owns 93,568 shares of the computer hardware maker’s stock worth $9,610,000 after acquiring an additional 864 shares during the period. Centerpoint Advisory Group increased its position in NVIDIA by 2.5% during the first quarter. Centerpoint Advisory Group now owns 39,398 shares of the computer hardware maker’s stock worth $4,270,000 after acquiring an additional 943 shares during the period. GSB Wealth Management LLC increased its holdings in shares of NVIDIA by 3.3% during the 1st quarter. GSB Wealth Management LLC now owns 32,611 shares of the computer hardware maker’s stock worth $3,534,000 after purchasing an additional 1,043 shares during the period. Variant Private Wealth LLC increased its holdings in shares of NVIDIA by 20.6% during the 1st quarter. Variant Private Wealth LLC now owns 18,800 shares of the computer hardware maker’s stock worth $2,038,000 after purchasing an additional 3,206 shares during the period. Finally, Financial Perspectives Inc increased its holdings in shares of NVIDIA by 2.8% during the 1st quarter. Financial Perspectives Inc now owns 45,958 shares of the computer hardware maker’s stock worth $4,981,000 after purchasing an additional 1,265 shares during the period. 65.27% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on NVDA shares. Summit Insights upgraded shares of NVIDIA from a “hold” rating to a “buy” rating in a report on Thursday, May 29th. Truist Financial boosted their price target on NVIDIA from $205.00 to $210.00 and gave the company a “buy” rating in a research note on Thursday, May 29th. BNP Paribas upgraded NVIDIA to a “hold” rating in a research report on Friday, August 1st. UBS Group restated a “buy” rating on shares of NVIDIA in a research report on Friday, May 23rd. Finally, Phillip Securities upgraded NVIDIA from a “moderate buy” rating to a “strong-buy” rating in a research report on Monday, July 14th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-two have assigned a buy rating and four have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $186.33.

NVIDIA Stock Performance

NVDA stock opened at $182.02 on Friday. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $184.48. The company has a current ratio of 3.39, a quick ratio of 2.96 and a debt-to-equity ratio of 0.10. The firm has a market cap of $4.44 trillion, a PE ratio of 58.72, a P/E/G ratio of 1.60 and a beta of 2.14. The business’s 50-day moving average price is $163.18 and its two-hundred day moving average price is $135.00.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.06). NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The business had revenue of $44.06 billion for the quarter, compared to the consensus estimate of $43.09 billion. During the same quarter last year, the firm earned $0.61 EPS. The company’s revenue for the quarter was up 69.2% on a year-over-year basis. As a group, research analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.0%. The ex-dividend date of this dividend was Wednesday, June 11th. NVIDIA’s payout ratio is currently 1.29%.

Insider Buying and Selling at NVIDIA

In related news, CEO Jen Hsun Huang sold 75,000 shares of the business’s stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $181.38, for a total value of $13,603,500.00. Following the sale, the chief executive officer directly owned 72,998,225 shares of the company’s stock, valued at approximately $13,240,418,050.50. The trade was a 0.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Colette Kress sold 27,640 shares of the business’s stock in a transaction on Monday, August 4th. The shares were sold at an average price of $178.06, for a total transaction of $4,921,578.40. Following the completion of the sale, the chief financial officer directly owned 2,956,876 shares in the company, valued at $526,501,340.56. This represents a 0.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,837,440 shares of company stock worth $889,404,782 over the last ninety days. 4.17% of the stock is currently owned by insiders.

NVIDIA 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.