Creative Capital Management Investments LLC Sells 129 Shares of NVIDIA Co. (NASDAQ:NVDA)

Creative Capital Management Investments LLC decreased its stake in NVIDIA Co. (NASDAQ:NVDA) by 0.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 16,843 shares of the computer hardware maker’s stock after selling 129 shares during the period. NVIDIA accounts for about 0.9% of Creative Capital Management Investments LLC’s holdings, making the stock its 11th biggest position. Creative Capital Management Investments LLC’s holdings in NVIDIA were worth $2,262,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently made changes to their positions in the company. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors boosted its holdings in shares of NVIDIA by 7.5% in the fourth quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 38,444 shares of the computer hardware maker’s stock worth $5,163,000 after acquiring an additional 2,678 shares during the period. Valley Wealth Managers Inc. grew its position in NVIDIA by 3.9% during the fourth quarter. Valley Wealth Managers Inc. now owns 26,477 shares of the computer hardware maker’s stock worth $3,556,000 after buying an additional 1,000 shares in the last quarter. Steele Capital Management Inc. increased its stake in NVIDIA by 0.6% in the 4th quarter. Steele Capital Management Inc. now owns 116,082 shares of the computer hardware maker’s stock worth $15,589,000 after acquiring an additional 645 shares during the last quarter. Key Financial Inc grew its stake in NVIDIA by 0.5% in the 4th quarter. Key Financial Inc now owns 31,479 shares of the computer hardware maker’s stock worth $4,227,000 after buying an additional 169 shares in the last quarter. Finally, Waycross Partners LLC raised its position in NVIDIA by 1.1% during the fourth quarter. Waycross Partners LLC now owns 428,654 shares of the computer hardware maker’s stock valued at $57,564,000 after purchasing an additional 4,603 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors.

NVIDIA Stock Performance

Shares of NASDAQ NVDA opened at $117.70 on Monday. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. The firm has a fifty day moving average price of $126.92 and a 200-day moving average price of $131.36. The stock has a market cap of $2.87 trillion, a PE ratio of 46.32, a price-to-earnings-growth ratio of 1.76 and a beta of 1.77. NVIDIA Co. has a 1 year low of $75.61 and a 1 year high of $153.13.

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

NVIDIA Announces Dividend

The business 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 dividend of $0.01 per share. The ex-dividend date 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 (DPR) is presently 1.36%.

Insider Buying and Selling

In other NVIDIA news, Director Aarti S. Shah sold 20,000 shares of the 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 sale, the director now owns 53,208 shares in the company, valued at $6,300,891.36. This trade represents a 27.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Colette Kress sold 66,660 shares of the business’s stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $116.83, for a total transaction of $7,787,887.80. Following the completion of the sale, the chief financial officer now directly owns 3,085,765 shares of the company’s stock, valued at approximately $360,509,924.95. This trade represents a 2.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 179,109 shares of company stock worth $22,117,015 over the last three months. 4.23% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms recently commented on NVDA. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $200.00 target price on shares of NVIDIA in a report on Wednesday, March 19th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $220.00 price target on shares of NVIDIA in a research note on Wednesday, March 19th. DZ Bank upgraded shares of NVIDIA from a “hold” rating to a “strong-buy” rating in a report on Friday, February 28th. Stifel Nicolaus set a $180.00 price target on NVIDIA in a research note on Wednesday. Finally, HSBC cut their price target on NVIDIA from $195.00 to $185.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Four investment analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, NVIDIA has a consensus 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.