NVIDIA Co. (NASDAQ:NVDA) is Custom Index Systems LLC’s 2nd Largest Position

Custom Index Systems LLC grew its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 4.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 37,787 shares of the computer hardware maker’s stock after acquiring an additional 1,771 shares during the quarter. NVIDIA accounts for approximately 2.7% of Custom Index Systems LLC’s holdings, making the stock its 2nd biggest holding. Custom Index Systems LLC’s holdings in NVIDIA were worth $5,074,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Heck Capital Advisors LLC bought a new position in shares of NVIDIA during the 4th quarter valued at $8,252,000. TriaGen Wealth Management LLC boosted its position in NVIDIA by 56.7% during the fourth quarter. TriaGen Wealth Management LLC now owns 101,897 shares of the computer hardware maker’s stock valued at $13,684,000 after buying an additional 36,879 shares during the period. GFS Advisors LLC bought a new position in shares of NVIDIA during the fourth quarter valued at about $2,871,000. Turtle Creek Wealth Advisors LLC increased its holdings in shares of NVIDIA by 10.1% in the fourth quarter. Turtle Creek Wealth Advisors LLC now owns 79,396 shares of the computer hardware maker’s stock worth $10,662,000 after buying an additional 7,311 shares during the period. Finally, Southern Capital Advisors LLC lifted its stake in shares of NVIDIA by 4.7% in the 4th quarter. Southern Capital Advisors LLC now owns 4,760 shares of the computer hardware maker’s stock valued at $639,000 after acquiring an additional 215 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. DA Davidson raised their price target on NVIDIA from $90.00 to $135.00 and gave the stock a “neutral” rating in a research report on Friday, November 22nd. JPMorgan Chase & Co. raised their target price on shares of NVIDIA from $155.00 to $170.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. Citigroup upped their price target on shares of NVIDIA from $170.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Tigress Financial reissued a “buy” rating on shares of NVIDIA in a report on Wednesday. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of NVIDIA in a research note on Wednesday. Four equities research analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $168.21.

NVIDIA Stock Performance

NVDA stock opened at $131.28 on Thursday. The stock’s 50 day simple moving average is $134.60 and its 200 day simple moving average is $131.89. 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 12-month low of $75.61 and a 12-month high of $153.13. The stock 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. NVIDIA’s dividend payout ratio (DPR) is presently 1.57%.

Insider Buying and Selling

In other news, insider Donald F. Robertson, Jr. sold 4,500 shares of the stock in a transaction on Friday, December 13th. The stock was sold at an average price of $135.28, for a total transaction of $608,760.00. Following the transaction, the insider now directly owns 480,899 shares of the company’s stock, valued at $65,056,016.72. This represents a 0.93 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Tench Coxe sold 1,000,000 shares of NVIDIA stock in a transaction on Monday, December 16th. The stock was sold at an average price of $131.26, for a total value of $131,260,000.00. Following the completion of the sale, the director now directly owns 28,671,360 shares of the company’s stock, valued at $3,763,402,713.60. The trade was a 3.37 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,107,632 shares of company stock worth $146,405,286. 4.23% of the stock is owned by corporate insiders.

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.