NVIDIA Co. (NASDAQ:NVDA) Stake Boosted by Cadinha & Co. LLC

Cadinha & Co. LLC lifted its position in NVIDIA Co. (NASDAQ:NVDA) by 26.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 165,499 shares of the computer hardware maker’s stock after buying an additional 34,993 shares during the quarter. NVIDIA comprises 3.7% of Cadinha & Co. LLC’s investment portfolio, making the stock its 11th largest holding. Cadinha & Co. LLC’s holdings in NVIDIA were worth $22,225,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Perkins Coie Trust Co grew its stake in NVIDIA by 37.9% in the 4th quarter. Perkins Coie Trust Co now owns 43,439 shares of the computer hardware maker’s stock valued at $5,833,000 after buying an additional 11,931 shares during the last quarter. Oak Ridge Investments LLC lifted its holdings in shares of NVIDIA by 6.4% during the fourth quarter. Oak Ridge Investments LLC now owns 880,068 shares of the computer hardware maker’s stock worth $118,184,000 after buying an additional 52,762 shares during the last quarter. Aaron Wealth Advisors LLC boosted its position in shares of NVIDIA by 52.3% in the fourth quarter. Aaron Wealth Advisors LLC now owns 191,184 shares of the computer hardware maker’s stock valued at $25,674,000 after acquiring an additional 65,670 shares during the period. Whitaker Myers Wealth Managers LTD. grew its stake in shares of NVIDIA by 6.7% in the fourth quarter. Whitaker Myers Wealth Managers LTD. now owns 22,176 shares of the computer hardware maker’s stock worth $2,978,000 after acquiring an additional 1,395 shares during the last quarter. Finally, BNC Wealth Management LLC increased its position in NVIDIA by 1.1% during the fourth quarter. BNC Wealth Management LLC now owns 189,793 shares of the computer hardware maker’s stock worth $25,487,000 after acquiring an additional 2,143 shares during the period. Institutional investors own 65.27% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Bank of America reiterated a “buy” rating and issued a $190.00 price objective on shares of NVIDIA in a research report on Thursday, November 21st. Rosenblatt Securities restated a “buy” rating and issued a $220.00 target price on shares of NVIDIA in a research note on Wednesday, January 8th. Barclays increased their target price on shares of NVIDIA from $160.00 to $175.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. Loop Capital restated a “buy” rating and issued a $175.00 price target on shares of NVIDIA in a research report on Wednesday, November 20th. Finally, JPMorgan Chase & Co. raised their price objective on shares of NVIDIA from $155.00 to $170.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. Four analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $166.23.

NVIDIA Stock Up 0.9 %

Shares of NVIDIA stock opened at $129.84 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. NVIDIA Co. has a 52-week low of $66.25 and a 52-week high of $153.13. The firm has a market cap of $3.18 trillion, a PE ratio of 51.10, a P/E/G ratio of 2.16 and a beta of 1.62. The business’s 50 day simple moving average is $135.48 and its 200 day simple moving average is $129.35.

NVIDIA (NASDAQ:NVDA) last released its earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.12. The business had revenue of $35.08 billion during 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 firm’s revenue was up 93.6% on a year-over-year basis. During the same period last year, the business earned $0.38 earnings per share. On average, analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Thursday, December 5th were given a $0.01 dividend. 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 payout ratio is 1.57%.

Insider Activity

In other news, Director John Dabiri sold 716 shares of the firm’s stock in a transaction that occurred 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 transaction, the director now directly owns 19,942 shares of the company’s stock, valued at approximately $2,831,764. This trade represents a 3.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 sale, the chief financial officer now owns 3,351,572 shares of the company’s stock, valued at approximately $453,802,848.80. This trade represents a 1.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,108,348 shares of company stock valued at $146,506,958 over the last ninety days. 4.23% of the stock is currently owned by company insiders.

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.