Cottonwood Capital Advisors LLC Has $313,000 Stock Position in NVIDIA Co. (NASDAQ:NVDA)

Cottonwood Capital Advisors LLC reduced its stake in NVIDIA Co. (NASDAQ:NVDA) by 66.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,328 shares of the computer hardware maker’s stock after selling 4,695 shares during the quarter. Cottonwood Capital Advisors LLC’s holdings in NVIDIA were worth $313,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NVDA. McGuire Investment Group LLC lifted its stake in NVIDIA by 0.3% in the fourth quarter. McGuire Investment Group LLC now owns 388,804 shares of the computer hardware maker’s stock valued at $52,212,000 after buying an additional 1,117 shares during the period. Eclectic Associates Inc. ADV lifted its stake in NVIDIA by 2.6% in the fourth quarter. Eclectic Associates Inc. ADV now owns 21,286 shares of the computer hardware maker’s stock valued at $2,859,000 after buying an additional 547 shares during the period. Goelzer Investment Management Inc. lifted its stake in NVIDIA by 0.4% in the fourth quarter. Goelzer Investment Management Inc. now owns 101,516 shares of the computer hardware maker’s stock valued at $13,633,000 after buying an additional 355 shares during the period. Gradient Investments LLC lifted its stake in NVIDIA by 8.5% in the fourth quarter. Gradient Investments LLC now owns 652,592 shares of the computer hardware maker’s stock valued at $87,637,000 after buying an additional 50,866 shares during the period. Finally, Curated Wealth Partners LLC lifted its stake in NVIDIA by 0.7% in the fourth quarter. Curated Wealth Partners LLC now owns 29,051 shares of the computer hardware maker’s stock valued at $3,901,000 after buying an additional 215 shares during the period. 65.27% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on NVDA shares. Benchmark reissued a “buy” rating and issued a $190.00 price target on shares of NVIDIA in a research note on Tuesday, January 7th. Bank of America reissued a “buy” rating and issued a $190.00 price target on shares of NVIDIA in a research note on Thursday, November 21st. Melius Research boosted their price target on NVIDIA from $165.00 to $185.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Piper Sandler boosted their price objective on NVIDIA from $140.00 to $175.00 and gave the company an “overweight” rating in a report on Monday, November 11th. Finally, Truist Financial boosted their price objective on NVIDIA from $148.00 to $167.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Four investment analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, NVIDIA has a consensus rating of “Moderate Buy” and an average target price of $168.21.

NVIDIA Stock Up 2.6 %

NVDA stock opened at $138.85 on Monday. The stock’s fifty day simple moving average is $134.52 and its two-hundred day simple moving average is $130.26. 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 Co. has a 1-year low of $66.25 and a 1-year high of $153.13. The stock has a market cap of $3.40 trillion, a P/E ratio of 54.64, a P/E/G ratio of 1.62 and a beta of 1.62.

NVIDIA (NASDAQ:NVDA) last posted 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 return on equity of 114.83% and a net margin of 55.69%. The business had revenue of $35.08 billion for the quarter, compared to analysts’ expectations of $33.15 billion. During the same quarter in the previous year, the firm earned $0.38 earnings per share. The business’s revenue was up 93.6% on a year-over-year basis. Analysts expect that NVIDIA Co. will post 2.77 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 presently 1.57%.

Insider Activity

In related news, Director John Dabiri sold 716 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $142.00, for a total transaction of $101,672.00. Following the sale, the director now owns 19,942 shares of the company’s stock, valued at approximately $2,831,764. This represents a 3.47 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Ajay K. Puri sold 36,462 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $151.10, for a total value of $5,509,408.20. Following the sale, the executive vice president now directly owns 3,902,888 shares in the company, valued at $589,726,376.80. This trade represents a 0.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,108,348 shares of company stock valued at $146,506,958 in the last 90 days. Insiders own 4.23% of the company’s stock.

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.