CV Advisors LLC Acquires 37,200 Shares of NVIDIA Co. (NASDAQ:NVDA)

CV Advisors LLC raised its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 37.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 136,889 shares of the computer hardware maker’s stock after buying an additional 37,200 shares during the period. NVIDIA comprises 6.3% of CV Advisors LLC’s portfolio, making the stock its 3rd largest holding. CV Advisors LLC’s holdings in NVIDIA were worth $18,383,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of NVDA. Hickory Point Bank & Trust bought a new position in NVIDIA during the 4th quarter worth approximately $2,272,000. Capital Performance Advisors LLP lifted its stake in NVIDIA by 59.3% during the fourth quarter. Capital Performance Advisors LLP now owns 26,700 shares of the computer hardware maker’s stock worth $3,586,000 after purchasing an additional 9,944 shares during the last quarter. Ethos Financial Group LLC boosted its holdings in NVIDIA by 24.1% in the fourth quarter. Ethos Financial Group LLC now owns 32,092 shares of the computer hardware maker’s stock worth $4,312,000 after purchasing an additional 6,241 shares during the period. Metis Global Partners LLC increased its stake in NVIDIA by 3.6% during the fourth quarter. Metis Global Partners LLC now owns 1,464,826 shares of the computer hardware maker’s stock valued at $196,711,000 after purchasing an additional 50,978 shares during the last quarter. Finally, Candriam S.C.A. raised its holdings in shares of NVIDIA by 0.5% during the fourth quarter. Candriam S.C.A. now owns 7,061,058 shares of the computer hardware maker’s stock worth $948,229,000 after purchasing an additional 35,684 shares during the period. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on NVDA. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $200.00 price target on shares of NVIDIA in a report on Wednesday, April 16th. Wedbush reaffirmed an “outperform” rating and set a $175.00 target price on shares of NVIDIA in a report on Wednesday, April 16th. Piper Sandler cut their price target on NVIDIA from $175.00 to $150.00 and set an “overweight” rating on the stock in a report on Wednesday, April 16th. Susquehanna restated a “positive” rating and set a $180.00 price objective on shares of NVIDIA in a research report on Wednesday, March 19th. Finally, HSBC lowered NVIDIA from a “buy” rating to a “hold” rating and set a $120.00 target price on the stock. in a research report on Thursday, April 3rd. Six investment analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $165.51.

Insider Transactions at NVIDIA

In other NVIDIA news, Director Robert K. Burgess sold 53,324 shares of NVIDIA stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $115.49, for a total transaction of $6,158,388.76. Following the completion of the sale, the director now owns 251,044 shares of the company’s stock, valued at $28,993,071.56. This trade represents a 17.52 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director John Dabiri sold 2,663 shares of the company’s stock in a transaction 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 transaction, the director now directly owns 17,279 shares in the company, valued at $1,900,690. This trade represents a 13.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 147,147 shares of company stock valued at $17,133,207 over the last quarter. Company insiders own 4.23% of the company’s stock.

NVIDIA Trading Down 3.0 %

Shares of NVDA opened at $101.33 on Monday. The business’s 50-day moving average price is $116.56 and its 200 day moving average price is $129.90. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $2.47 trillion, a P/E ratio of 39.88, a P/E/G ratio of 1.76 and a beta of 1.96. NVIDIA Co. has a 1-year low of $76.40 and a 1-year high of $195.95.

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 the consensus estimate of $0.84 by $0.05. The business had revenue of $39.33 billion for the quarter, compared to the consensus estimate of $38.16 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. Analysts expect that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were issued a $0.01 dividend. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.04%. NVIDIA’s payout ratio is currently 1.36%.

NVIDIA 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.