Cape Investment Advisory Inc. Has $1.59 Million Position in NVIDIA Co. (NASDAQ:NVDA)

Cape Investment Advisory Inc. lifted its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 2.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,868 shares of the computer hardware maker’s stock after buying an additional 273 shares during the period. Cape Investment Advisory Inc.’s holdings in NVIDIA were worth $1,594,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in NVDA. Legend Financial Advisors Inc. purchased a new stake in NVIDIA during the fourth quarter valued at about $34,000. Luken Investment Analytics LLC bought a new position in shares of NVIDIA in the fourth quarter worth approximately $40,000. Lowe Wealth Advisors LLC purchased a new position in shares of NVIDIA in the fourth quarter valued at about $46,000. 1620 Investment Advisors Inc. raised its position in NVIDIA by 145.9% during the 3rd quarter. 1620 Investment Advisors Inc. now owns 418 shares of the computer hardware maker’s stock valued at $51,000 after purchasing an additional 248 shares during the last quarter. Finally, Gleason Group Inc. raised its holdings in shares of NVIDIA by 52.9% during the fourth quarter. Gleason Group Inc. now owns 428 shares of the computer hardware maker’s stock valued at $58,000 after acquiring an additional 148 shares in the last quarter. Institutional investors own 65.27% of the company’s stock.

NVIDIA Trading Down 7.4 %

NVDA opened at $94.31 on Monday. The firm has a market capitalization of $2.30 trillion, a price-to-earnings ratio of 37.12, a price-to-earnings-growth ratio of 1.76 and a beta of 1.96. The company’s 50 day simple moving average is $121.20 and its two-hundred day simple moving average is $131.19. NVIDIA Co. has a 1-year low of $75.61 and a 1-year high of $195.95. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data 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 return on equity of 114.83% and a net margin of 55.69%. The company had revenue of $39.33 billion for the quarter, compared to analyst estimates of $38.16 billion. Analysts expect that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.04%. The ex-dividend date was Wednesday, March 12th. NVIDIA’s dividend payout ratio (DPR) is presently 1.36%.

Analysts Set New Price Targets

NVDA has been the subject of a number of research analyst reports. Barclays raised their target price on NVIDIA from $160.00 to $175.00 and gave the company an “overweight” rating in a research note on Friday, January 17th. Cantor Fitzgerald reiterated an “overweight” rating and set a $200.00 price target on shares of NVIDIA in a report on Wednesday, March 19th. Bank of America reissued a “buy” rating and issued a $200.00 target price on shares of NVIDIA in a research report on Wednesday, March 19th. Wedbush reissued an “outperform” rating and set a $175.00 price target on shares of NVIDIA in a report on Thursday, February 20th. Finally, Tigress Financial reissued a “buy” rating on shares of NVIDIA in a report on Wednesday, February 26th. Six equities research analysts have rated the stock with a hold rating, thirty-six have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $169.89.

Insider Buying and Selling at NVIDIA

In other news, CFO Colette Kress sold 66,660 shares of the stock in a transaction on Friday, March 21st. The stock was sold at an average price of $116.83, for a total transaction of $7,787,887.80. Following the completion of the transaction, the chief financial officer now directly owns 3,085,765 shares in the company, valued at approximately $360,509,924.95. This represents a 2.11 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Aarti S. Shah sold 20,000 shares of the company’s stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $118.42, for a total value of $2,368,400.00. Following the transaction, the director now owns 53,208 shares in the company, valued at $6,300,891.36. This trade represents a 27.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 147,147 shares of company stock worth $17,133,207 in the last ninety days. 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.