Cadinha & Co. LLC Acquires 1,064 Shares of NVIDIA Co. (NASDAQ:NVDA)

Cadinha & Co. LLC lifted its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 4.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 23,355 shares of the computer hardware maker’s stock after buying an additional 1,064 shares during the quarter. NVIDIA accounts for about 1.8% of Cadinha & Co. LLC’s investment portfolio, making the stock its 27th largest holding. Cadinha & Co. LLC’s holdings in NVIDIA were worth $11,566,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the business. LFA Lugano Financial Advisors SA bought a new position in shares of NVIDIA in the fourth quarter worth approximately $28,000. Peoples Financial Services CORP. purchased a new stake in NVIDIA during the 3rd quarter valued at $30,000. Your Advocates Ltd. LLP bought a new stake in NVIDIA in the 3rd quarter worth $30,000. Quarry LP purchased a new position in shares of NVIDIA in the first quarter valued at about $34,000. Finally, Compass Wealth Management LLC bought a new position in shares of NVIDIA during the fourth quarter valued at about $39,000. 65.27% of the stock is owned by institutional investors.

Analysts Set New Price Targets

NVDA has been the topic of several recent analyst reports. KeyCorp raised their target price on NVIDIA from $1,100.00 to $1,200.00 and gave the stock an “overweight” rating in a research note on Monday, April 8th. Jefferies Financial Group lifted their price objective on NVIDIA from $610.00 to $780.00 and gave the stock a “buy” rating in a research report on Thursday, February 22nd. Loop Capital began coverage on NVIDIA in a report on Friday, February 16th. They set a “buy” rating and a $1,200.00 target price for the company. JPMorgan Chase & Co. lifted their price target on shares of NVIDIA from $650.00 to $850.00 and gave the company an “overweight” rating in a report on Thursday, February 22nd. Finally, Argus upped their price objective on shares of NVIDIA from $850.00 to $950.00 and gave the stock a “buy” rating in a report on Wednesday, March 20th. Four research analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $926.30.

NVIDIA Price Performance

Shares of NASDAQ:NVDA opened at $881.86 on Friday. The business has a 50-day simple moving average of $830.93 and a two-hundred day simple moving average of $608.17. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.67 and a current ratio of 4.17. The firm has a market cap of $2.20 trillion, a price-to-earnings ratio of 73.86, a price-to-earnings-growth ratio of 1.31 and a beta of 1.73. NVIDIA Co. has a fifty-two week low of $262.20 and a fifty-two week high of $974.00.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share for the quarter, beating analysts’ consensus estimates of $4.21 by $0.95. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The company had revenue of $22.10 billion for the quarter, compared to the consensus estimate of $20.40 billion. During the same quarter in the prior year, the firm earned $0.65 earnings per share. The firm’s revenue for the quarter was up 265.3% compared to the same quarter last year. On average, analysts expect that NVIDIA Co. will post 22.45 earnings per share for the current year.

NVIDIA Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 6th were issued a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.02%. The ex-dividend date of this dividend was Tuesday, March 5th. NVIDIA’s payout ratio is currently 1.34%.

Insider Activity at NVIDIA

In other NVIDIA news, Director Mark A. Stevens sold 22,700 shares of the business’s stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $879.97, for a total transaction of $19,975,319.00. Following the completion of the sale, the director now directly owns 1,052,133 shares in the company, valued at approximately $925,845,476.01. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Mark A. Stevens sold 22,700 shares of NVIDIA stock in a transaction on Friday, April 5th. The shares were sold at an average price of $879.97, for a total transaction of $19,975,319.00. Following the transaction, the director now owns 1,052,133 shares in the company, valued at approximately $925,845,476.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John Dabiri sold 128 shares of the company’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of $940.00, for a total value of $120,320.00. Following the completion of the sale, the director now owns 2,055 shares of the company’s stock, valued at $1,931,700. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 61,278 shares of company stock worth $52,689,898. 3.99% 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.