Cassia Capital Partners LLC Raises Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

Cassia Capital Partners LLC boosted its stake in NVIDIA Co. (NASDAQ:NVDA) by 6.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,651 shares of the computer hardware maker’s stock after buying an additional 667 shares during the period. NVIDIA makes up approximately 0.9% of Cassia Capital Partners LLC’s portfolio, making the stock its 15th biggest position. Cassia Capital Partners LLC’s holdings in NVIDIA were worth $1,430,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Christopher J. Hasenberg Inc purchased a new stake in NVIDIA during the third quarter worth about $27,000. Legend Financial Advisors Inc. purchased a new stake in NVIDIA during the fourth quarter worth about $34,000. West Financial Advisors LLC purchased a new stake in NVIDIA during the third quarter worth about $36,000. Luken Investment Analytics LLC purchased a new stake in NVIDIA during the fourth quarter worth about $40,000. Finally, DHJJ Financial Advisors Ltd. grew its position in shares of NVIDIA by 70.0% during the third quarter. DHJJ Financial Advisors Ltd. now owns 340 shares of the computer hardware maker’s stock worth $41,000 after buying an additional 140 shares in the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

NVDA has been the subject of a number of analyst reports. Bank of America boosted their price objective on NVIDIA from $190.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. DZ Bank raised NVIDIA from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 28th. Tigress Financial reissued a “buy” rating on shares of NVIDIA in a research report on Wednesday, February 26th. Phillip Securities reissued an “accumulate” rating and set a $160.00 price objective (up from $155.00) on shares of NVIDIA in a research report on Friday, November 22nd. Finally, Morgan Stanley reissued an “overweight” rating and set a $162.00 price objective (up from $152.00) on shares of NVIDIA in a research report on Wednesday, February 26th. Four research analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $169.62.

NVIDIA Price Performance

NVIDIA stock opened at $115.99 on Wednesday. NVIDIA Co. has a 12 month low of $75.61 and a 12 month high of $153.13. 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 business has a 50 day simple moving average of $133.19 and a 200-day simple moving average of $132.00. The stock has a market capitalization of $2.83 trillion, a PE ratio of 45.65, a price-to-earnings-growth ratio of 1.76 and a beta of 1.62.

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

NVIDIA Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be paid a dividend of $0.01 per share. 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 presently 1.36%.

Insider Transactions at NVIDIA

In other NVIDIA news, Director Tench Coxe sold 1,000,000 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $131.26, for a total value of $131,260,000.00. Following the completion of the transaction, the director now owns 28,671,360 shares in the company, valued at approximately $3,763,402,713.60. This represents a 3.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 completion of the transaction, the chief financial officer now owns 3,351,572 shares of the company’s stock, valued at $453,802,848.80. The trade was a 1.95 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,107,632 shares of company stock worth $146,405,286 over the last 90 days. 4.23% of the stock is currently owned by insiders.

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.