CCLA Investment Management Has $122.34 Million Stock Position in NVIDIA Co. (NASDAQ:NVDA)

CCLA Investment Management raised its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 2.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 911,645 shares of the computer hardware maker’s stock after acquiring an additional 20,056 shares during the quarter. NVIDIA makes up 1.9% of CCLA Investment Management’s investment portfolio, making the stock its 23rd largest holding. CCLA Investment Management’s holdings in NVIDIA were worth $122,342,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Crestmont Private Wealth LLC increased its stake in shares of NVIDIA by 12.8% in the fourth quarter. Crestmont Private Wealth LLC now owns 6,941 shares of the computer hardware maker’s stock worth $932,000 after acquiring an additional 790 shares during the last quarter. Oak Thistle LLC grew its stake in NVIDIA by 267.5% in the fourth quarter. Oak Thistle LLC now owns 14,732 shares of the computer hardware maker’s stock valued at $1,978,000 after purchasing an additional 10,723 shares in the last quarter. Floyd Financial Group LLC purchased a new stake in shares of NVIDIA during the 4th quarter worth about $7,443,000. Define Financial LLC acquired a new stake in shares of NVIDIA during the 4th quarter valued at about $589,000. Finally, Pines Wealth Management LLC acquired a new position in NVIDIA in the fourth quarter worth approximately $7,865,000. Hedge funds and other institutional investors own 65.27% of the company’s stock.

NVIDIA Trading Down 3.7 %

Shares of NVDA stock opened at $120.07 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 company has a market capitalization of $2.94 trillion, a P/E ratio of 47.25, a P/E/G ratio of 2.23 and a beta of 1.64. NVIDIA Co. has a 12-month low of $60.70 and a 12-month high of $153.13. The firm has a 50-day moving average price of $137.02 and a 200 day moving average price of $129.37.

NVIDIA (NASDAQ:NVDA) last announced its earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 EPS for the quarter, topping the consensus estimate of $0.69 by $0.12. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The business had revenue of $35.08 billion for the quarter, compared to the consensus estimate of $33.15 billion. During the same period in the previous year, the business earned $0.38 EPS. NVIDIA’s revenue was up 93.6% compared to the same quarter last year. Research analysts forecast that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Thursday, December 5th were issued a $0.01 dividend. The ex-dividend date was Thursday, December 5th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. NVIDIA’s dividend payout ratio is 1.57%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Barclays boosted their target price on shares of NVIDIA from $160.00 to $175.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. Evercore ISI increased their target price on shares of NVIDIA from $189.00 to $190.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Susquehanna boosted their price target on NVIDIA from $160.00 to $180.00 and gave the stock a “positive” rating in a research report on Thursday, November 14th. TD Cowen increased their price objective on NVIDIA from $165.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Finally, Tigress Financial upgraded NVIDIA from a “buy” rating to a “strong-buy” rating and boosted their target price for the stock from $170.00 to $220.00 in a report on Tuesday. Four analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $166.23.

Insider Buying and Selling

In other NVIDIA news, CFO Colette Kress sold 66,670 shares of the stock in a transaction on Friday, December 13th. The stock was sold at an average price of $135.40, for a total value of $9,027,118.00. Following the transaction, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John Dabiri sold 716 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $142.00, for a total value of $101,672.00. Following the sale, the director now owns 19,942 shares of the company’s stock, valued at approximately $2,831,764. The trade was a 3.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,108,348 shares of company stock worth $146,506,958 in the last 90 days. Corporate insiders own 4.23% of the company’s stock.

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.