Compton Wealth Advisory Group LLC Has $223,000 Stock Holdings in NVIDIA Corporation (NASDAQ:NVDA)

Compton Wealth Advisory Group LLC decreased its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA) by 14.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,053 shares of the computer hardware maker’s stock after selling 340 shares during the period. Compton Wealth Advisory Group LLC’s holdings in NVIDIA were worth $223,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in NVDA. Burke & Herbert Bank & Trust Co. raised its stake in shares of NVIDIA by 28.4% during the 1st quarter. Burke & Herbert Bank & Trust Co. now owns 10,345 shares of the computer hardware maker’s stock worth $1,121,000 after purchasing an additional 2,290 shares during the period. Sutton Place Investors LLC grew its position in shares of NVIDIA by 4.9% in the first quarter. Sutton Place Investors LLC now owns 16,819 shares of the computer hardware maker’s stock valued at $1,823,000 after purchasing an additional 791 shares in the last quarter. Sharp Financial Services LLC grew its position in shares of NVIDIA by 3.8% in the first quarter. Sharp Financial Services LLC now owns 14,142 shares of the computer hardware maker’s stock valued at $1,533,000 after purchasing an additional 517 shares in the last quarter. Novare Capital Management LLC grew its position in shares of NVIDIA by 9.1% in the first quarter. Novare Capital Management LLC now owns 184,392 shares of the computer hardware maker’s stock valued at $19,984,000 after purchasing an additional 15,335 shares in the last quarter. Finally, Quattro Financial Advisors LLC purchased a new position in shares of NVIDIA in the first quarter valued at $1,925,000. 65.27% of the stock is owned by institutional investors.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, CFO Colette Kress sold 27,650 shares of NVIDIA stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $170.89, for a total value of $4,725,108.50. Following the sale, the chief financial officer directly owned 2,984,516 shares in the company, valued at approximately $510,023,939.24. The trade was a 0.92% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director A Brooke Seawell sold 48,792 shares of the business’s stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $163.96, for a total transaction of $7,999,936.32. Following the completion of the sale, the director owned 1,729,478 shares in the company, valued at approximately $283,565,212.88. This trade represents a 2.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 5,264,800 shares of company stock worth $786,735,503. Insiders own 4.17% of the company’s stock.

NVIDIA Trading Up 2.1%

Shares of NVIDIA stock opened at $179.27 on Thursday. The company’s fifty day simple moving average is $153.55 and its 200-day simple moving average is $131.72. The stock has a market capitalization of $4.37 trillion, a PE ratio of 57.83, a P/E/G ratio of 1.55 and a beta of 2.13. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $179.89. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.39 and a quick ratio of 2.96.

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

NVIDIA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th were issued a $0.01 dividend. The ex-dividend date was Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.02%. NVIDIA’s dividend payout ratio is currently 1.29%.

Wall Street Analysts Forecast Growth

NVDA has been the subject of several research analyst reports. Benchmark reissued a “buy” rating and set a $190.00 price objective on shares of NVIDIA in a research note on Thursday, May 29th. The Goldman Sachs Group started coverage on NVIDIA in a research note on Thursday, July 10th. They issued a “buy” rating and a $185.00 target price for the company. Hsbc Global Res lowered NVIDIA from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 3rd. Bank of America boosted their price target on NVIDIA from $180.00 to $220.00 in a report on Wednesday, July 16th. Finally, UBS Group restated a “buy” rating on shares of NVIDIA in a report on Friday, May 23rd. One analyst has rated the stock with a sell rating, four have given a hold rating, thirty-three have issued a buy rating and four have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $182.03.

About NVIDIA

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.