City Center Advisors LLC Has $916,000 Position in NVIDIA Co. (NASDAQ:NVDA)

City Center Advisors LLC lifted its stake in NVIDIA Co. (NASDAQ:NVDA) by 22.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,822 shares of the computer hardware maker’s stock after acquiring an additional 1,270 shares during the quarter. NVIDIA makes up 1.0% of City Center Advisors LLC’s portfolio, making the stock its 16th biggest holding. City Center Advisors LLC’s holdings in NVIDIA were worth $916,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Matrix Trust Co acquired a new position in shares of NVIDIA in the fourth quarter worth $155,000. Aprio Wealth Management LLC increased its stake in shares of NVIDIA by 14.0% in the fourth quarter. Aprio Wealth Management LLC now owns 26,549 shares of the computer hardware maker’s stock worth $3,565,000 after acquiring an additional 3,264 shares during the last quarter. Czech National Bank boosted its holdings in NVIDIA by 6.1% in the fourth quarter. Czech National Bank now owns 5,316,840 shares of the computer hardware maker’s stock worth $713,998,000 after purchasing an additional 305,153 shares in the last quarter. Lynch & Associates IN boosted its holdings in NVIDIA by 11.5% in the fourth quarter. Lynch & Associates IN now owns 8,169 shares of the computer hardware maker’s stock worth $1,097,000 after purchasing an additional 845 shares in the last quarter. Finally, Trinity Financial Advisors LLC boosted its holdings in NVIDIA by 8.9% in the fourth quarter. Trinity Financial Advisors LLC now owns 25,457 shares of the computer hardware maker’s stock worth $3,521,000 after purchasing an additional 2,074 shares in the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on NVDA shares. Evercore ISI upped their price objective on shares of NVIDIA from $189.00 to $190.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft upped their price objective on shares of NVIDIA from $115.00 to $140.00 and gave the stock a “hold” rating in a report on Thursday, November 21st. Cantor Fitzgerald reiterated an “overweight” rating and issued a $200.00 price objective on shares of NVIDIA in a report on Monday. DA Davidson upped their price target on shares of NVIDIA from $90.00 to $135.00 and gave the company a “neutral” rating in a report on Friday, November 22nd. Finally, Morgan Stanley upped their price target on shares of NVIDIA from $150.00 to $160.00 and gave the company an “overweight” rating in a report on Monday, November 11th. Four research analysts have rated the stock with a hold rating, thirty-nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $165.23.

Insider Transactions at NVIDIA

In related news, Director Tench Coxe sold 1,000,000 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $131.26, for a total value of $131,260,000.00. Following the sale, the director now directly owns 28,671,360 shares of the company’s stock, valued at approximately $3,763,402,713.60. The trade was a 3.37 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director John Dabiri sold 716 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $142.00, for a total transaction of $101,672.00. Following the completion of the sale, the director now directly owns 19,942 shares in the company, valued at $2,831,764. This represents a 3.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,108,348 shares of company stock valued at $146,506,958 over the last three months. 4.23% of the stock is currently owned by corporate insiders.

NVIDIA Price Performance

Shares of NVDA stock opened at $118.48 on Tuesday. NVIDIA Co. has a 52-week low of $60.70 and a 52-week high of $153.13. The stock has a market cap of $2.90 trillion, a PE ratio of 46.63, a PEG ratio of 2.65 and a beta of 1.64. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. The firm’s 50 day moving average price is $138.72 and its two-hundred day moving average price is $129.52.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.12. The company had revenue of $35.08 billion for the quarter, compared to analysts’ expectations of $33.15 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The business’s quarterly revenue was up 93.6% compared to the same quarter last year. During the same period last year, the firm posted $0.38 earnings per share. As a group, analysts forecast that NVIDIA Co. will post 2.78 EPS for the current year.

NVIDIA Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Thursday, December 5th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. NVIDIA’s dividend payout ratio is 1.57%.

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.