10,832 Shares in NVIDIA Co. (NASDAQ:NVDA) Acquired by Cvfg LLC

Cvfg LLC purchased a new position in NVIDIA Co. (NASDAQ:NVDA) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 10,832 shares of the computer hardware maker’s stock, valued at approximately $1,455,000. NVIDIA comprises about 1.3% of Cvfg LLC’s investment portfolio, making the stock its 22nd largest position.

A number of other institutional investors also recently modified their holdings of NVDA. Constitution Capital LLC boosted its holdings in NVIDIA by 6.0% in the 4th quarter. Constitution Capital LLC now owns 39,970 shares of the computer hardware maker’s stock worth $5,368,000 after buying an additional 2,250 shares during the period. Central Valley Advisors LLC lifted its holdings in NVIDIA by 4.7% during the 4th quarter. Central Valley Advisors LLC now owns 28,564 shares of the computer hardware maker’s stock valued at $3,836,000 after buying an additional 1,273 shares in the last quarter. Bennett Associates Wealth Management bought a new position in NVIDIA in the fourth quarter worth approximately $328,000. Salvus Wealth Management LLC lifted its stake in NVIDIA by 4.5% in the fourth quarter. Salvus Wealth Management LLC now owns 18,596 shares of the computer hardware maker’s stock worth $2,497,000 after acquiring an additional 794 shares during the period. Finally, Bouvel Investment Partners LLC increased its holdings in NVIDIA by 2.9% during the fourth quarter. Bouvel Investment Partners LLC now owns 76,704 shares of the computer hardware maker’s stock valued at $10,301,000 after buying an additional 2,151 shares during the period. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

NVDA has been the subject of several analyst reports. Melius Research increased their price target on shares of NVIDIA from $165.00 to $185.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Mizuho raised their price objective on NVIDIA from $165.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Bank of America reaffirmed a “buy” rating and set a $190.00 target price on shares of NVIDIA in a research report on Thursday, November 21st. Benchmark reissued a “buy” rating and issued a $190.00 target price on shares of NVIDIA in a research report on Tuesday, January 7th. Finally, Oppenheimer reissued an “outperform” rating and set a $175.00 target price on shares of NVIDIA in a report on Thursday, November 21st. Four research analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $166.23.

Insider Buying and Selling

In other NVIDIA news, Director John Dabiri sold 716 shares of NVIDIA 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 owns 19,942 shares of the company’s stock, valued at $2,831,764. This trade represents a 3.47 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of NVIDIA stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $135.28, for a total value of $608,760.00. Following the sale, the insider now owns 480,899 shares of the company’s stock, valued at approximately $65,056,016.72. This represents a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,108,348 shares of company stock valued at $146,506,958. Corporate insiders own 4.23% of the company’s stock.

NVIDIA Stock Up 1.7 %

NVIDIA stock opened at $118.65 on Wednesday. NVIDIA Co. has a 52 week low of $66.25 and a 52 week high of $153.13. The stock has a market cap of $2.91 trillion, a price-to-earnings ratio of 46.69, a PEG ratio of 2.16 and a beta of 1.62. The company’s 50-day moving average price is $136.19 and its two-hundred day moving average price is $129.38. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Wednesday, November 20th. The computer hardware maker reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.12. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The company had revenue of $35.08 billion during the quarter, compared to the consensus estimate of $33.15 billion. During the same quarter in the prior year, the firm earned $0.38 EPS. The company’s quarterly revenue was up 93.6% compared to the same quarter last year. On average, analysts expect that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

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

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.