NVIDIA Co. (NASDAQ:NVDA) Stock Holdings Increased by CIBC Asset Management Inc

CIBC Asset Management Inc grew its stake in NVIDIA Co. (NASDAQ:NVDA) by 2.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,532,220 shares of the computer hardware maker’s stock after acquiring an additional 156,327 shares during the quarter. NVIDIA comprises approximately 2.9% of CIBC Asset Management Inc’s portfolio, making the stock its 6th biggest holding. CIBC Asset Management Inc’s holdings in NVIDIA were worth $877,116,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. Evergreen Wealth Management LLC purchased a new position in NVIDIA during the fourth quarter worth about $1,323,000. Highview Capital Management LLC DE lifted its position in NVIDIA by 6.7% during the fourth quarter. Highview Capital Management LLC DE now owns 58,396 shares of the computer hardware maker’s stock worth $7,842,000 after buying an additional 3,653 shares during the period. 5T Wealth LLC purchased a new position in NVIDIA during the fourth quarter worth about $1,768,000. Human Investing LLC lifted its position in NVIDIA by 47.5% during the fourth quarter. Human Investing LLC now owns 2,796 shares of the computer hardware maker’s stock worth $375,000 after buying an additional 901 shares during the period. Finally, Meredith Wealth Planning lifted its position in NVIDIA by 13.4% during the fourth quarter. Meredith Wealth Planning now owns 5,908 shares of the computer hardware maker’s stock worth $793,000 after buying an additional 698 shares during the period. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

NVIDIA Trading Down 0.7 %

NASDAQ:NVDA opened at $117.70 on Friday. 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 business’s 50 day moving average is $126.92 and its two-hundred day moving average is $131.18. NVIDIA Co. has a 52 week low of $75.61 and a 52 week high of $153.13. The company has a market cap of $2.87 trillion, a PE ratio of 46.32, a P/E/G ratio of 1.76 and a beta of 1.77.

NVIDIA (NASDAQ:NVDA) last released its 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. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The company had revenue of $39.33 billion for the quarter, compared to the consensus estimate of $38.16 billion. On average, analysts predict that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. The ex-dividend date of this dividend is Wednesday, March 12th. NVIDIA’s dividend payout ratio (DPR) is 1.36%.

Insider Buying and Selling

In other NVIDIA news, EVP Ajay K. Puri sold 36,462 shares of NVIDIA stock in a transaction on Monday, January 6th. The stock was sold at an average price of $151.10, for a total transaction of $5,509,408.20. Following the sale, the executive vice president now owns 3,902,888 shares of the company’s stock, valued at $589,726,376.80. The trade was a 0.93 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Aarti S. Shah sold 20,000 shares of the business’s stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $118.42, for a total value of $2,368,400.00. Following the transaction, the director now owns 53,208 shares of the company’s stock, valued at $6,300,891.36. This trade represents a 27.32 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 179,109 shares of company stock valued at $22,117,015. Insiders own 4.23% of the company’s stock.

Analysts Set New Price Targets

NVDA has been the topic of several recent analyst reports. Needham & Company LLC reiterated a “buy” rating and set a $160.00 target price on shares of NVIDIA in a research report on Wednesday. Mizuho reduced their target price on NVIDIA from $175.00 to $168.00 and set an “outperform” rating on the stock in a research report on Friday, March 14th. DA Davidson dropped their price target on NVIDIA from $135.00 to $125.00 and set a “neutral” rating for the company in a research note on Thursday. Cantor Fitzgerald restated an “overweight” rating and set a $200.00 price target on shares of NVIDIA in a research note on Wednesday. Finally, KeyCorp set a $190.00 price target on NVIDIA in a research note on Wednesday. Four analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, NVIDIA presently has an average rating of “Moderate Buy” and an average price target of $171.51.

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.