Clear Creek Financial Management LLC Acquires 5,787 Shares of NVIDIA Co. (NASDAQ:NVDA)

Clear Creek Financial Management LLC grew its holdings in NVIDIA Co. (NASDAQ:NVDA) by 5.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 112,042 shares of the computer hardware maker’s stock after acquiring an additional 5,787 shares during the quarter. NVIDIA accounts for approximately 1.6% of Clear Creek Financial Management LLC’s holdings, making the stock its 10th largest holding. Clear Creek Financial Management LLC’s holdings in NVIDIA were worth $15,046,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of NVDA. Legal & General Group Plc raised its position in NVIDIA by 884.0% during the 2nd quarter. Legal & General Group Plc now owns 213,127,959 shares of the computer hardware maker’s stock worth $26,329,751,000 after buying an additional 191,469,114 shares during the last quarter. International Assets Investment Management LLC raised its position in shares of NVIDIA by 12,898.6% in the third quarter. International Assets Investment Management LLC now owns 56,292,986 shares of the computer hardware maker’s stock worth $6,836,220,000 after acquiring an additional 55,859,917 shares during the period. Clear Street Derivatives LLC purchased a new stake in shares of NVIDIA during the 3rd quarter worth about $4,589,905,000. Clearbridge Investments LLC grew its position in shares of NVIDIA by 810.6% during the 2nd quarter. Clearbridge Investments LLC now owns 38,584,018 shares of the computer hardware maker’s stock valued at $4,766,670,000 after acquiring an additional 34,346,955 shares during the period. Finally, The Manufacturers Life Insurance Company grew its position in shares of NVIDIA by 926.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 23,305,924 shares of the computer hardware maker’s stock valued at $2,879,230,000 after acquiring an additional 21,034,967 shares during the period. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Insider Activity

In related news, CFO Colette Kress sold 66,670 shares of the stock in a transaction dated Friday, December 13th. The stock was 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 owns 3,351,572 shares of the company’s stock, valued at approximately $453,802,848.80. This represents a 1.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of NVIDIA stock in a transaction that occurred on Friday, December 13th. The stock was 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 in the company, valued at $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. Insiders sold 1,107,632 shares of company stock worth $146,405,286 over the last ninety days. Corporate insiders own 4.23% of the company’s stock.

NVIDIA Price Performance

Shares of NVDA stock opened at $131.28 on Thursday. The firm has a fifty day simple moving average of $134.60 and a 200-day simple moving average of $131.89. The company has a market capitalization of $3.22 trillion, a PE ratio of 51.66, a price-to-earnings-growth ratio of 1.76 and a beta of 1.62. NVIDIA Co. has a twelve month low of $75.61 and a twelve month high of $153.13. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. NVIDIA’s payout ratio is currently 1.57%.

Wall Street Analysts Forecast Growth

NVDA has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft upped their target price on NVIDIA from $115.00 to $140.00 and gave the stock a “hold” rating in a research note on Thursday, November 21st. Tigress Financial restated a “buy” rating on shares of NVIDIA in a research report on Wednesday. DA Davidson lifted their target price on shares of NVIDIA from $90.00 to $135.00 and gave the company a “neutral” rating in a research report on Friday, November 22nd. Barclays upped their price target 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. Finally, Melius Research lifted their price objective on NVIDIA from $165.00 to $185.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Four research analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $168.21.

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.