Kanawha Capital Management LLC Grows Stake in NVIDIA Co. (NASDAQ:NVDA)

Kanawha Capital Management LLC boosted its stake in NVIDIA Co. (NASDAQ:NVDA) by 9.6% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 32,621 shares of the computer hardware maker’s stock after buying an additional 2,863 shares during the quarter. Kanawha Capital Management LLC’s holdings in NVIDIA were worth $4,381,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Campbell Wealth Management lifted its holdings in NVIDIA by 183.0% in the 4th quarter. Campbell Wealth Management now owns 8,766 shares of the computer hardware maker’s stock valued at $1,177,000 after purchasing an additional 5,668 shares in the last quarter. Asset Planning Inc purchased a new position in shares of NVIDIA in the fourth quarter worth about $3,375,000. Vicus Capital boosted its position in NVIDIA by 4.3% during the fourth quarter. Vicus Capital now owns 40,386 shares of the computer hardware maker’s stock worth $5,423,000 after acquiring an additional 1,668 shares during the last quarter. Pictet North America Advisors SA grew its stake in NVIDIA by 6.0% during the 4th quarter. Pictet North America Advisors SA now owns 43,007 shares of the computer hardware maker’s stock valued at $5,775,000 after acquiring an additional 2,417 shares in the last quarter. Finally, W.H. Cornerstone Investments Inc. raised its holdings in NVIDIA by 104.2% in the 4th quarter. W.H. Cornerstone Investments Inc. now owns 6,217 shares of the computer hardware maker’s stock valued at $835,000 after acquiring an additional 3,172 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

NVIDIA Price Performance

Shares of NASDAQ NVDA opened at $119.53 on Tuesday. 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 company has a market cap of $2.92 trillion, a price-to-earnings ratio of 47.04, a price-to-earnings-growth ratio of 1.76 and a beta of 1.77. The stock’s 50-day moving average is $128.66 and its two-hundred day moving average is $131.24. NVIDIA Co. has a 1-year low of $75.61 and a 1-year high of $153.13.

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

NVIDIA Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be paid 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 dividend yield of 0.03%. NVIDIA’s payout ratio is currently 1.36%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on NVDA. HSBC lowered their target price on NVIDIA from $195.00 to $185.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Cantor Fitzgerald reissued an “overweight” rating and set a $200.00 price objective on shares of NVIDIA in a research note on Thursday, February 27th. JPMorgan Chase & Co. raised their target price on NVIDIA from $155.00 to $170.00 and gave the stock an “overweight” rating in a research note on Thursday, November 21st. DZ Bank raised shares of NVIDIA from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 28th. Finally, Mizuho cut their price objective on shares of NVIDIA from $175.00 to $168.00 and set an “outperform” rating for the company in a research report on Friday. Four research analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $171.51.

Insider Activity at NVIDIA

In related news, Director John Dabiri sold 2,663 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $110.00, for a total transaction of $292,930.00. Following the completion of the sale, the director now owns 17,279 shares in the company, valued at $1,900,690. The trade was a 13.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Ajay K. Puri sold 36,462 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $151.10, for a total transaction of $5,509,408.20. Following the completion of the transaction, the executive vice president now owns 3,902,888 shares in the company, valued at $589,726,376.80. This represents a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 92,449 shares of company stock valued at $11,960,727 over the last quarter. 4.23% of the stock is owned by insiders.

NVIDIA Company 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.