Centennial Wealth Advisory LLC Sells 742 Shares of NVIDIA Co. (NASDAQ:NVDA)

Posted by Defense World Staff on Oct 1st, 2023

Centennial Wealth Advisory LLC lowered its holdings in NVIDIA Co. (NASDAQ:NVDA – Free Report) by 37.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,247 shares of the computer hardware maker’s stock after selling 742 shares during the quarter. Centennial Wealth Advisory LLC’s holdings in NVIDIA were worth $528,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of NVDA. David J Yvars Group raised its stake in shares of NVIDIA by 1.5% during the 1st quarter. David J Yvars Group now owns 11,708 shares of the computer hardware maker’s stock worth $3,252,000 after acquiring an additional 168 shares in the last quarter. Telos Capital Management Inc. raised its stake in shares of NVIDIA by 48.1% during the 1st quarter. Telos Capital Management Inc. now owns 4,560 shares of the computer hardware maker’s stock worth $1,267,000 after acquiring an additional 1,482 shares in the last quarter. Personal Capital Advisors Corp raised its stake in shares of NVIDIA by 29.9% during the 4th quarter. Personal Capital Advisors Corp now owns 622,700 shares of the computer hardware maker’s stock worth $91,001,000 after acquiring an additional 143,483 shares in the last quarter. Alta Wealth Advisors LLC raised its stake in shares of NVIDIA by 14.9% during the 1st quarter. Alta Wealth Advisors LLC now owns 6,650 shares of the computer hardware maker’s stock worth $1,847,000 after acquiring an additional 863 shares in the last quarter. Finally, Inscription Capital LLC raised its stake in shares of NVIDIA by 1.3% during the 1st quarter. Inscription Capital LLC now owns 9,643 shares of the computer hardware maker’s stock worth $2,679,000 after acquiring an additional 127 shares in the last quarter. Institutional investors own 64.79% of the company’s stock.

NVIDIA Stock Performance

NASDAQ:NVDA opened at $434.99 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.37 and a current ratio of 2.79. The company has a fifty day moving average of $450.19 and a two-hundred day moving average of $379.28. The stock has a market capitalization of $1.07 trillion, a PE ratio of 105.07, a P/E/G ratio of 3.37 and a beta of 1.74. NVIDIA Co. has a fifty-two week low of $108.13 and a fifty-two week high of $502.66.

NVIDIA (NASDAQ:NVDA – Get Free Report) last posted its quarterly earnings data on Wednesday, August 23rd. The computer hardware maker reported $2.70 earnings per share for the quarter, topping analysts’ consensus estimates of $2.08 by $0.62. The company had revenue of $13.51 billion during the quarter, compared to analysts’ expectations of $11.19 billion. NVIDIA had a net margin of 31.59% and a return on equity of 45.50%. The firm’s revenue for the quarter was up 101.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.32 earnings per share. As a group, research analysts forecast that NVIDIA Co. will post 9.46 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 28th. Stockholders of record on Thursday, September 7th were given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.04%. The ex-dividend date of this dividend was Wednesday, September 6th. NVIDIA’s dividend payout ratio (DPR) is 3.86%.

Insider Activity

In other news, Director Mark A. Stevens sold 21,500 shares of the stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $468.08, for a total value of $10,063,720.00. Following the completion of the sale, the director now directly owns 1,030,786 shares in the company, valued at $482,490,310.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, Director Mark A. Stevens sold 21,500 shares of the company’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $468.08, for a total value of $10,063,720.00. Following the completion of the sale, the director now owns 1,030,786 shares of the company’s stock, valued at $482,490,310.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jen Hsun Huang sold 29,688 shares of the company’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $454.01, for a total transaction of $13,478,648.88. Following the completion of the sale, the chief executive officer now directly owns 7,918,875 shares of the company’s stock, valued at approximately $3,595,248,438.75. The disclosure for this sale can be found here. Insiders sold 145,232 shares of company stock worth $67,606,089 over the last three months. Insiders own 3.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on NVDA shares. The Goldman Sachs Group boosted their price objective on shares of NVIDIA from $440.00 to $495.00 in a research note on Monday, July 10th. Raymond James boosted their target price on shares of NVIDIA from $500.00 to $600.00 and gave the stock a “strong-buy” rating in a research report on Thursday, August 24th. Stifel Nicolaus raised shares of NVIDIA from a “hold” rating to a “buy” rating and boosted their target price for the stock from $440.00 to $600.00 in a research report on Thursday, August 24th. HSBC boosted their target price on shares of NVIDIA from $600.00 to $780.00 and gave the stock a “buy” rating in a research report on Monday, August 21st. Finally, Rosenblatt Securities reissued a “buy” rating on shares of NVIDIA in a research report on Wednesday, September 20th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, thirty-six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, NVIDIA presently has an average rating of “Moderate Buy” and a consensus target price of $555.70.

Check Out Our Latest Analysis on NVIDIA

About NVIDIA

(Free Report)

NVIDIA Corporation provides graphics, and compute and networking solutions in the United States, Taiwan, China, and internationally. The company's 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; vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building 3D designs and virtual worlds.