Cherry Creek Investment Advisors Inc. Purchases 758 Shares of NVIDIA Co. (NASDAQ:NVDA)

Cherry Creek Investment Advisors Inc. boosted its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 6.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 13,365 shares of the computer hardware maker’s stock after purchasing an additional 758 shares during the quarter. NVIDIA makes up approximately 3.9% of Cherry Creek Investment Advisors Inc.’s portfolio, making the stock its 9th biggest holding. Cherry Creek Investment Advisors Inc.’s holdings in NVIDIA were worth $6,618,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of NVDA. LFA Lugano Financial Advisors SA bought a new stake in shares of NVIDIA in the 4th quarter valued at approximately $28,000. Peoples Financial Services CORP. bought a new stake in shares of NVIDIA in the 3rd quarter valued at approximately $30,000. Your Advocates Ltd. LLP bought a new stake in shares of NVIDIA in the 3rd quarter valued at approximately $30,000. O Brien Wealth Partners LLC increased its holdings in shares of NVIDIA by 139.5% in the 4th quarter. O Brien Wealth Partners LLC now owns 91 shares of the computer hardware maker’s stock valued at $45,000 after acquiring an additional 53 shares during the last quarter. Finally, Trivant Custom Portfolio Group LLC increased its holdings in shares of NVIDIA by 44.1% in the 3rd quarter. Trivant Custom Portfolio Group LLC now owns 98 shares of the computer hardware maker’s stock valued at $43,000 after acquiring an additional 30 shares during the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NVDA has been the subject of a number of recent research reports. Bank of America upped their price objective on NVIDIA from $925.00 to $1,100.00 and gave the stock a “buy” rating in a research note on Wednesday, March 13th. Jefferies Financial Group upped their price objective on NVIDIA from $610.00 to $780.00 and gave the stock a “buy” rating in a research note on Thursday, February 22nd. Wolfe Research boosted their price target on NVIDIA from $630.00 to $900.00 and gave the stock an “outperform” rating in a research report on Thursday, February 22nd. TD Cowen boosted their price target on NVIDIA from $900.00 to $1,100.00 and gave the stock an “outperform” rating in a research report on Thursday, March 21st. Finally, Benchmark reiterated a “buy” rating and set a $1,000.00 price target on shares of NVIDIA in a research report on Wednesday, March 20th. Four investment analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $940.30.

Insiders Place Their Bets

In other news, Director Mark A. Stevens sold 10,000 shares of the company’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $797.57, for a total transaction of $7,975,700.00. Following the completion of the sale, the director now owns 1,124,583 shares in the company, valued at approximately $896,933,663.31. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director Mark A. Stevens sold 10,000 shares of the company’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $797.57, for a total transaction of $7,975,700.00. Following the completion of the sale, the director now owns 1,124,583 shares in the company, valued at approximately $896,933,663.31. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Mark A. Stevens sold 12,000 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $853.54, for a total value of $10,242,480.00. Following the sale, the director now owns 1,107,583 shares of the company’s stock, valued at approximately $945,366,393.82. The disclosure for this sale can be found here. Insiders have sold a total of 61,278 shares of company stock valued at $52,689,898 in the last three months. Insiders own 3.99% of the company’s stock.

NVIDIA Stock Down 3.9 %

NASDAQ:NVDA opened at $840.35 on Thursday. The firm has a market capitalization of $2.10 trillion, a price-to-earnings ratio of 70.38, a PEG ratio of 1.26 and a beta of 1.73. NVIDIA Co. has a 1-year low of $262.25 and a 1-year high of $974.00. The company has a current ratio of 4.17, a quick ratio of 3.67 and a debt-to-equity ratio of 0.20. The business’s fifty day moving average price is $840.89 and its 200 day moving average price is $618.47.

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

NVIDIA Announces Dividend

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

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.