Childress Capital Advisors LLC Trims Stake in NVIDIA Co. (NASDAQ:NVDA)

Childress Capital Advisors LLC cut its stake in NVIDIA Co. (NASDAQ:NVDAFree Report) by 2.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,778 shares of the computer hardware maker’s stock after selling 236 shares during the period. NVIDIA accounts for 2.6% of Childress Capital Advisors LLC’s investment portfolio, making the stock its 9th largest holding. Childress Capital Advisors LLC’s holdings in NVIDIA were worth $8,835,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Norwood Financial Corp bought a new position in shares of NVIDIA during the 1st quarter worth approximately $45,000. Coston McIsaac & Partners boosted its holdings in shares of NVIDIA by 231.3% during the 1st quarter. Coston McIsaac & Partners now owns 53 shares of the computer hardware maker’s stock worth $47,000 after buying an additional 37 shares in the last quarter. LFA Lugano Financial Advisors SA bought a new position in shares of NVIDIA during the 4th quarter worth approximately $28,000. Criterion Capital Advisors LLC acquired a new position in shares of NVIDIA during the fourth quarter worth approximately $28,000. Finally, Able Wealth Management LLC acquired a new position in shares of NVIDIA during the fourth quarter worth approximately $32,000. 65.27% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

NVDA has been the topic of a number of research reports. CICC Research initiated coverage on NVIDIA in a research report on Wednesday, March 6th. They set an “outperform” rating and a $870.00 target price on the stock. Mizuho upped their target price on NVIDIA from $850.00 to $1,000.00 and gave the stock a “buy” rating in a research report on Thursday, March 7th. Susquehanna upped their target price on NVIDIA from $1,050.00 to $1,100.00 and gave the stock a “positive” rating in a research report on Monday. Robert W. Baird increased their price target on NVIDIA from $1,050.00 to $1,200.00 and gave the company an “outperform” rating in a research report on Monday. Finally, Raymond James increased their price target on NVIDIA from $850.00 to $1,100.00 and gave the company a “strong-buy” rating in a research report on Thursday, April 11th. Four research analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1,002.18.

Get Our Latest Analysis on NVIDIA

NVIDIA Price Performance

NASDAQ NVDA traded down $4.36 during trading hours on Wednesday, hitting $949.50. The company had a trading volume of 54,065,527 shares, compared to its average volume of 49,542,973. NVIDIA Co. has a 52 week low of $298.06 and a 52 week high of $974.00. The firm has a 50 day simple moving average of $886.29 and a 200 day simple moving average of $696.36. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.67 and a current ratio of 4.17. The firm has a market capitalization of $2.34 trillion, a price-to-earnings ratio of 79.52, a PEG ratio of 1.33 and a beta of 1.75.

NVIDIA (NASDAQ:NVDAGet Free Report) last issued its earnings results on Wednesday, May 22nd. The computer hardware maker reported $6.12 EPS for the quarter, topping the consensus estimate of $5.14 by $0.98. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The business had revenue of $26.04 billion during the quarter, compared to the consensus estimate of $24.59 billion. During the same quarter last year, the company earned $0.88 EPS. The firm’s revenue was up 262.1% compared to the same quarter last year. Equities research analysts expect that NVIDIA Co. will post 23.01 earnings per share for the current year.

NVIDIA Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Tuesday, June 11th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.04%. This is a boost from NVIDIA’s previous quarterly dividend of $0.04. NVIDIA’s dividend payout ratio (DPR) is presently 1.34%.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director Mark A. Stevens sold 5,000 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $800.74, for a total value of $4,003,700.00. Following the sale, the director now owns 1,119,583 shares of the company’s stock, valued at approximately $896,494,891.42. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director John Dabiri sold 128 shares of the firm’s stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $940.00, for a total transaction of $120,320.00. Following the transaction, the director now directly owns 2,055 shares of the company’s stock, valued at approximately $1,931,700. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Mark A. Stevens sold 5,000 shares of the firm’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $800.74, for a total value of $4,003,700.00. Following the transaction, the director now directly owns 1,119,583 shares in the company, valued at $896,494,891.42. The disclosure for this sale can be found here. Insiders have sold a total of 61,278 shares of company stock valued at $52,689,898 in the last 90 days. Corporate insiders own 4.23% of the company’s stock.

About NVIDIA

(Free Report)

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.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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