NVIDIA Co. (NASDAQ:NVDA) Shares Acquired by Catalina Capital Group LLC

Catalina Capital Group LLC boosted its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 3.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 110,923 shares of the computer hardware maker’s stock after purchasing an additional 3,477 shares during the quarter. NVIDIA makes up approximately 4.9% of Catalina Capital Group LLC’s holdings, making the stock its 2nd largest position. Catalina Capital Group LLC’s holdings in NVIDIA were worth $14,896,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the business. Princeton Global Asset Management LLC lifted its holdings in shares of NVIDIA by 8.8% in the fourth quarter. Princeton Global Asset Management LLC now owns 21,357 shares of the computer hardware maker’s stock valued at $2,868,000 after buying an additional 1,722 shares during the period. JB Capital LLC raised its position in NVIDIA by 64.3% during the fourth quarter. JB Capital LLC now owns 61,045 shares of the computer hardware maker’s stock valued at $8,198,000 after buying an additional 23,888 shares during the period. Means Investment CO. Inc. raised its position in NVIDIA by 1.7% during the fourth quarter. Means Investment CO. Inc. now owns 244,291 shares of the computer hardware maker’s stock valued at $32,806,000 after buying an additional 4,184 shares during the period. Better Money Decisions LLC grew its stake in NVIDIA by 14.5% in the fourth quarter. Better Money Decisions LLC now owns 10,871 shares of the computer hardware maker’s stock valued at $1,460,000 after purchasing an additional 1,376 shares in the last quarter. Finally, KPP Advisory Services LLC grew its stake in NVIDIA by 11.5% in the fourth quarter. KPP Advisory Services LLC now owns 43,112 shares of the computer hardware maker’s stock valued at $5,790,000 after purchasing an additional 4,455 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

Insider Activity at NVIDIA

In related news, EVP Ajay K. Puri sold 36,462 shares of the company’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $151.10, for a total value of $5,509,408.20. Following the completion of the transaction, the executive vice president now directly owns 3,902,888 shares in the company, valued at approximately $589,726,376.80. The trade was a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the business’s 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 completion of the sale, 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 ownership of the stock. 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. Corporate insiders own 4.23% of the company’s stock.

NVIDIA Price Performance

NVIDIA stock opened at $124.81 on Friday. NVIDIA Co. has a 52 week low of $75.61 and a 52 week high of $153.13. The company’s 50 day moving average price is $134.19 and its two-hundred day moving average price is $132.03. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. The stock has a market cap of $3.05 trillion, a P/E ratio of 49.12, a P/E/G ratio of 1.76 and a beta of 1.62.

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

NVIDIA Announces Dividend

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 paid a $0.01 dividend. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. NVIDIA’s dividend payout ratio is 1.36%.

Analysts Set New Price Targets

Several research firms have recently issued reports on NVDA. Cantor Fitzgerald reiterated an “overweight” rating and set a $200.00 price target on shares of NVIDIA in a research note on Thursday. Wells Fargo & Company upped their price target on NVIDIA from $165.00 to $185.00 and gave the company an “overweight” rating in a report on Thursday, November 21st. JPMorgan Chase & Co. increased their target price on NVIDIA from $155.00 to $170.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. Stifel Nicolaus raised their price target on NVIDIA from $165.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Finally, Robert W. Baird increased their price objective on NVIDIA from $150.00 to $190.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Five equities research analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $169.62.

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.