Whitener Capital Management Inc. Has $4.78 Million Stock Position in NVIDIA Co. (NASDAQ:NVDA)

Whitener Capital Management Inc. lifted its stake in shares of NVIDIA Co. (NASDAQ:NVDAFree Report) by 9.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,989 shares of the computer hardware maker’s stock after buying an additional 952 shares during the period. NVIDIA comprises approximately 1.9% of Whitener Capital Management Inc.’s investment portfolio, making the stock its 13th biggest position. Whitener Capital Management Inc.’s holdings in NVIDIA were worth $4,780,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. Bank Julius Baer & Co. Ltd Zurich grew its holdings in NVIDIA by 84,165.9% during the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,389,779,605 shares of the computer hardware maker’s stock worth $587,904,569,000 after acquiring an additional 1,388,130,327 shares during the last quarter. Norges Bank bought a new position in NVIDIA during the 4th quarter worth $3,900,874,000. Moneta Group Investment Advisors LLC lifted its holdings in NVIDIA by 160,446.3% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 19,586,643 shares of the computer hardware maker’s stock worth $2,862,392,000 after buying an additional 19,574,443 shares during the period. Morgan Stanley grew its position in shares of NVIDIA by 20.2% in the 4th quarter. Morgan Stanley now owns 27,533,756 shares of the computer hardware maker’s stock valued at $4,023,783,000 after buying an additional 4,621,002 shares during the last quarter. Finally, Barclays PLC increased its stake in shares of NVIDIA by 55.7% in the second quarter. Barclays PLC now owns 7,661,032 shares of the computer hardware maker’s stock valued at $3,240,769,000 after buying an additional 2,740,850 shares during the period. 64.79% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on NVDA shares. The Goldman Sachs Group lifted their price objective on NVIDIA from $605.00 to $625.00 and gave the stock a “buy” rating in a research note on Wednesday, November 22nd. Wells Fargo & Company upped their price objective on shares of NVIDIA from $600.00 to $675.00 and gave the company an “overweight” rating in a research note on Wednesday, November 22nd. Truist Financial lifted their target price on shares of NVIDIA from $668.00 to $674.00 and gave the stock a “buy” rating in a research note on Wednesday, November 22nd. Oppenheimer reaffirmed an “outperform” rating and set a $650.00 price target on shares of NVIDIA in a research report on Wednesday, November 22nd. Finally, TD Cowen lifted their price objective on NVIDIA from $600.00 to $700.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 11th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $608.30.

Read Our Latest Stock Report on NVDA

Insider Buying and Selling

In other news, Director Mark A. Stevens sold 36,000 shares of NVIDIA stock in a transaction dated Friday, January 12th. The stock was sold at an average price of $546.95, for a total transaction of $19,690,200.00. Following the completion of the sale, the director now owns 1,134,583 shares in the company, valued at approximately $620,560,171.85. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director Mark A. Stevens sold 10,400 shares of the stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $481.60, for a total transaction of $5,008,640.00. Following the transaction, the director now directly owns 979,431 shares in the company, valued at approximately $471,693,969.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mark A. Stevens sold 36,000 shares of the business’s stock in a transaction that occurred on Friday, January 12th. The stock was sold at an average price of $546.95, for a total value of $19,690,200.00. Following the completion of the sale, the director now owns 1,134,583 shares of the company’s stock, valued at approximately $620,560,171.85. The disclosure for this sale can be found here. Insiders sold a total of 155,216 shares of company stock worth $79,810,950 over the last ninety days. 3.99% of the stock is owned by corporate insiders.

NVIDIA Stock Performance

Shares of NVDA stock opened at $615.27 on Thursday. NVIDIA Co. has a 12 month low of $189.50 and a 12 month high of $634.93. The firm’s 50 day moving average is $516.68 and its 200 day moving average is $474.45. The company has a current ratio of 3.59, a quick ratio of 3.06 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $1.52 trillion, a P/E ratio of 81.17, a PEG ratio of 4.18 and a beta of 1.64.

NVIDIA (NASDAQ:NVDAGet Free Report) last announced its quarterly earnings results on Tuesday, November 21st. The computer hardware maker reported $4.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.03 by $0.99. NVIDIA had a net margin of 42.10% and a return on equity of 72.28%. The firm had revenue of $18.12 billion for the quarter, compared to the consensus estimate of $16.19 billion. During the same period in the prior year, the firm posted $0.34 earnings per share. The company’s revenue for the quarter was up 205.5% on a year-over-year basis. On average, sell-side analysts anticipate that NVIDIA Co. will post 11.07 earnings per share for the current year.

NVIDIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 28th. Investors of record on Wednesday, December 6th were paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.03%. The ex-dividend date of this dividend was Tuesday, December 5th. NVIDIA’s dividend payout ratio is 2.11%.

NVIDIA Profile

(Free Report)

NVIDIA Corporation provides graphics, and compute and networking solutions in the United States, Taiwan, China, and internationally. The company's 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; vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building 3D designs and virtual worlds.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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