Cheviot Value Management LLC Grows Position in NVIDIA Co. (NASDAQ:NVDA)

Cheviot Value Management LLC lifted its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 10.5% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 12,640 shares of the computer hardware maker’s stock after purchasing an additional 1,200 shares during the quarter. Cheviot Value Management LLC’s holdings in NVIDIA were worth $1,535,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NVDA. Cinctive Capital Management LP increased its holdings in NVIDIA by 128.3% in the 3rd quarter. Cinctive Capital Management LP now owns 28,257 shares of the computer hardware maker’s stock valued at $3,432,000 after purchasing an additional 128,257 shares in the last quarter. Cladis Investment Advisory LLC grew its stake in shares of NVIDIA by 1.0% in the third quarter. Cladis Investment Advisory LLC now owns 46,360 shares of the computer hardware maker’s stock valued at $5,630,000 after buying an additional 470 shares in the last quarter. Clear Street Derivatives LLC acquired a new stake in shares of NVIDIA in the third quarter valued at about $4,589,905,000. ClearAlpha Technologies LP raised its holdings in shares of NVIDIA by 64.0% during the 3rd quarter. ClearAlpha Technologies LP now owns 3,970 shares of the computer hardware maker’s stock valued at $482,000 after buying an additional 1,550 shares during the period. Finally, Clearline Capital LP acquired a new position in NVIDIA during the 3rd quarter worth approximately $32,923,000. Institutional investors and hedge funds own 65.27% of the company’s stock.

NVIDIA Stock Performance

Shares of NASDAQ NVDA opened at $133.57 on Friday. NVIDIA Co. has a 12-month low of $54.74 and a 12-month high of $153.13. The company has a market cap of $3.27 trillion, a PE ratio of 52.57, a P/E/G ratio of 2.45 and a beta of 1.64. The stock has a 50 day simple moving average of $139.49 and a 200-day simple moving average of $128.87. 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 (NASDAQ:NVDA) last posted its quarterly earnings data on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.12. The business had revenue of $35.08 billion during the quarter, compared to the consensus estimate of $33.15 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The company’s quarterly revenue was up 93.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.38 earnings per share. On average, equities research analysts forecast that NVIDIA Co. will post 2.78 EPS for the current year.

NVIDIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Thursday, December 5th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. NVIDIA’s dividend payout ratio (DPR) is 1.57%.

Insider Transactions at NVIDIA

In related news, CFO Colette Kress sold 66,670 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $135.40, for a total transaction of $9,027,118.00. Following the completion of the sale, the chief financial officer now directly owns 3,351,572 shares in the company, valued at approximately $453,802,848.80. This trade represents a 1.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 $589,726,376.80. This represents a 0.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,108,348 shares of company stock valued at $146,506,958 in the last quarter. Insiders own 4.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Cantor Fitzgerald reiterated an “overweight” rating and set a $175.00 price objective on shares of NVIDIA in a research note on Thursday, November 21st. Truist Financial lifted their price target on shares of NVIDIA from $148.00 to $167.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Mizuho upped their price objective on shares of NVIDIA from $165.00 to $175.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Loop Capital reaffirmed a “buy” rating and set a $175.00 target price on shares of NVIDIA in a research report on Wednesday, November 20th. Finally, Robert W. Baird boosted their price target on NVIDIA from $150.00 to $190.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Four analysts have rated the stock with a hold rating, thirty-nine have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $164.27.

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.