CIBC Capital Markets Europe S.A. Makes New Investment in NVIDIA Co. (NASDAQ:NVDA)

CIBC Capital Markets Europe S.A. purchased a new position in NVIDIA Co. (NASDAQ:NVDA) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 49,800 shares of the computer hardware maker’s stock, valued at approximately $6,687,000. NVIDIA comprises about 9.2% of CIBC Capital Markets Europe S.A.’s holdings, making the stock its 7th largest holding.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Deroy & Devereaux Private Investment Counsel Inc. raised its position in shares of NVIDIA by 18.5% in the fourth quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 12,203 shares of the computer hardware maker’s stock valued at $1,639,000 after purchasing an additional 1,903 shares during the period. Q3 Asset Management grew its stake in NVIDIA by 223.3% in the 4th quarter. Q3 Asset Management now owns 22,382 shares of the computer hardware maker’s stock valued at $3,005,000 after buying an additional 15,459 shares during the last quarter. Yoder Wealth Management Inc. raised its holdings in NVIDIA by 10.7% in the 4th quarter. Yoder Wealth Management Inc. now owns 8,213 shares of the computer hardware maker’s stock worth $1,103,000 after acquiring an additional 791 shares during the period. Tokio Marine Asset Management Co. Ltd. lifted its position in NVIDIA by 7.5% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,208,430 shares of the computer hardware maker’s stock worth $162,280,000 after acquiring an additional 84,087 shares during the last quarter. Finally, Capital Insight Partners LLC boosted its holdings in NVIDIA by 5.7% during the fourth quarter. Capital Insight Partners LLC now owns 56,229 shares of the computer hardware maker’s stock valued at $7,551,000 after acquiring an additional 3,051 shares during the period. Institutional investors and hedge funds own 65.27% of the company’s stock.

NVIDIA Stock Down 8.5 %

Shares of NVDA opened at $120.15 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. The firm’s 50-day simple moving average is $134.39 and its 200 day simple moving average is $131.81. NVIDIA Co. has a 52 week low of $75.61 and a 52 week high of $153.13. The firm has a market cap of $2.94 trillion, a P/E ratio of 47.28, a price-to-earnings-growth ratio of 1.76 and a beta of 1.62.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, beating the consensus estimate of $0.84 by $0.05. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The business had revenue of $39.33 billion for the quarter, compared to the consensus estimate of $38.16 billion. On average, analysts forecast that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be given a $0.01 dividend. The ex-dividend date is Wednesday, March 12th. 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 NVIDIA news, Director Tench Coxe sold 1,000,000 shares of the firm’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $131.26, for a total value of $131,260,000.00. Following the transaction, the director now directly owns 28,671,360 shares of the company’s stock, valued at $3,763,402,713.60. This trade represents a 3.37 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Colette Kress sold 66,670 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $135.40, for a total transaction of $9,027,118.00. Following the sale, the chief financial officer now owns 3,351,572 shares in the company, valued at $453,802,848.80. This represents a 1.95 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,107,632 shares of company stock worth $146,405,286. Corporate insiders own 4.23% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Susquehanna lifted their price objective on NVIDIA from $160.00 to $180.00 and gave the stock a “positive” rating in a research note on Thursday, November 14th. Redburn Atlantic initiated coverage on NVIDIA in a report on Tuesday, November 12th. They set a “buy” rating and a $178.00 price target for the company. Citigroup raised their price objective on shares of NVIDIA from $170.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Evercore ISI upped their target price on shares of NVIDIA from $189.00 to $190.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Finally, Needham & Company LLC restated a “buy” rating and issued a $160.00 price target on shares of NVIDIA in a research report on Thursday. Five analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $169.62.

NVIDIA Company 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.