NVIDIA Co. (NASDAQ:NVDA) Shares Purchased by Cullen Investment Group LTD.

Cullen Investment Group LTD. raised its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 0.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 112,160 shares of the computer hardware maker’s stock after purchasing an additional 396 shares during the quarter. NVIDIA accounts for 2.2% of Cullen Investment Group LTD.’s portfolio, making the stock its 9th largest holding. Cullen Investment Group LTD.’s holdings in NVIDIA were worth $15,062,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Wright Investors Service Inc. boosted its stake in shares of NVIDIA by 8.6% in the 4th quarter. Wright Investors Service Inc. now owns 107,104 shares of the computer hardware maker’s stock valued at $14,383,000 after purchasing an additional 8,507 shares in the last quarter. Exeter Financial LLC increased its holdings in shares of NVIDIA by 8.1% during the fourth quarter. Exeter Financial LLC now owns 2,588 shares of the computer hardware maker’s stock worth $348,000 after buying an additional 194 shares in the last quarter. Tealwood Asset Management Inc. bought a new position in shares of NVIDIA in the fourth quarter valued at approximately $224,000. Dale Q Rice Investment Management Ltd acquired a new position in shares of NVIDIA in the 4th quarter worth approximately $4,311,000. Finally, PSI Advisors LLC increased its holdings in NVIDIA by 2.1% during the 4th quarter. PSI Advisors LLC now owns 32,176 shares of the computer hardware maker’s stock valued at $4,321,000 after purchasing an additional 668 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors.

Insider Transactions at NVIDIA

In other news, CFO Colette Kress sold 66,670 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $135.40, for a total value of $9,027,118.00. Following the completion of the transaction, the chief financial officer now directly owns 3,351,572 shares in the company, valued at approximately $453,802,848.80. The trade was a 1.95 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Tench Coxe sold 1,000,000 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $131.26, for a total transaction of $131,260,000.00. Following the transaction, the director now owns 28,671,360 shares of the company’s stock, valued at approximately $3,763,402,713.60. This represents a 3.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,108,348 shares of company stock worth $146,506,958. Company insiders own 4.23% of the company’s stock.

NVIDIA Trading Down 4.3 %

Shares of NASDAQ:NVDA opened at $123.43 on Thursday. The stock has a market capitalization of $3.02 trillion, a PE ratio of 48.58, a price-to-earnings-growth ratio of 2.65 and a beta of 1.64. The company’s 50-day moving average price is $137.91 and its two-hundred day moving average price is $129.44. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. NVIDIA Co. has a one year low of $60.70 and a one year high of $153.13.

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

NVIDIA Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Thursday, December 5th were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. The ex-dividend date was Thursday, December 5th. NVIDIA’s payout ratio is 1.57%.

Analysts Set New Price Targets

A number of brokerages have commented on NVDA. Tigress Financial raised shares of NVIDIA from a “buy” rating to a “strong-buy” rating and increased their price objective for the stock from $170.00 to $220.00 in a report on Tuesday. Stifel Nicolaus increased their price objective on NVIDIA from $165.00 to $180.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Barclays raised their price target on NVIDIA from $160.00 to $175.00 and gave the company an “overweight” rating in a report on Friday, January 17th. Truist Financial upped their target price on shares of NVIDIA from $148.00 to $167.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Finally, Susquehanna lifted their price target on shares of NVIDIA from $160.00 to $180.00 and gave the stock a “positive” rating in a research report on Thursday, November 14th. Four research analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $166.23.

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.