Cullen Investment Group LTD. Takes Position in NVIDIA Co. (NASDAQ:NVDA)

Cullen Investment Group LTD. purchased a new position in NVIDIA Co. (NASDAQ:NVDA) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 10,597 shares of the computer hardware maker’s stock, valued at approximately $5,248,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of NVDA. BOK Financial Private Wealth Inc. boosted its stake in NVIDIA by 115.0% in the 4th quarter. BOK Financial Private Wealth Inc. now owns 430 shares of the computer hardware maker’s stock worth $213,000 after purchasing an additional 230 shares during the period. Cornercap Investment Counsel Inc. boosted its position in shares of NVIDIA by 5.7% in the fourth quarter. Cornercap Investment Counsel Inc. now owns 3,900 shares of the computer hardware maker’s stock worth $1,931,000 after buying an additional 209 shares during the period. Waldron Private Wealth LLC grew its holdings in shares of NVIDIA by 2.4% during the fourth quarter. Waldron Private Wealth LLC now owns 21,236 shares of the computer hardware maker’s stock valued at $10,516,000 after buying an additional 502 shares in the last quarter. Bear Mountain Capital Inc. acquired a new position in NVIDIA during the fourth quarter valued at $618,000. Finally, Market Street Wealth Management Advisors LLC lifted its stake in NVIDIA by 29.2% in the 4th quarter. Market Street Wealth Management Advisors LLC now owns 628 shares of the computer hardware maker’s stock worth $311,000 after acquiring an additional 142 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

Insider Buying and Selling at NVIDIA

In other news, insider Donald F. Robertson, Jr. sold 450 shares of the business’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $911.62, for a total value of $410,229.00. Following the sale, the insider now owns 49,815 shares in the company, valued at approximately $45,412,350.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Donald F. Robertson, Jr. sold 450 shares of NVIDIA stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $911.62, for a total value of $410,229.00. Following the completion of the transaction, the insider now owns 49,815 shares in the company, valued at $45,412,350.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mark A. Stevens sold 5,000 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $800.74, for a total value of $4,003,700.00. Following the sale, the director now owns 1,119,583 shares in the company, valued at $896,494,891.42. The disclosure for this sale can be found here. Insiders have sold 61,278 shares of company stock worth $52,689,898 over the last three months. Company insiders own 3.99% of the company’s stock.

NVIDIA Trading Up 4.4 %

Shares of NVIDIA stock opened at $795.18 on Tuesday. The company’s fifty day moving average price is $846.17 and its two-hundred day moving average price is $627.28. The firm has a market capitalization of $1.99 trillion, a PE ratio of 66.60, a price-to-earnings-growth ratio of 1.09 and a beta of 1.73. NVIDIA Co. has a 52-week low of $262.25 and a 52-week high of $974.00. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.17 and a quick ratio of 3.67.

NVIDIA (NASDAQ:NVDA) last posted its earnings results 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. The business had revenue of $22.10 billion for the quarter, compared to analysts’ expectations of $20.40 billion. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The firm’s revenue for the quarter was up 265.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.65 earnings per share. On average, analysts expect that NVIDIA Co. will post 22.55 EPS for the current year.

NVIDIA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 6th were paid 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 dividend payout ratio is 1.34%.

Wall Street Analysts Forecast Growth

NVDA has been the topic of a number of research reports. Truist Financial upped their target price on NVIDIA from $911.00 to $1,177.00 and gave the company a “buy” rating in a report on Monday, March 18th. Stifel Nicolaus reiterated a “buy” rating and issued a $910.00 target price on shares of NVIDIA in a research report on Wednesday, March 20th. Wedbush reissued an “outperform” rating and set a $1,000.00 target price on shares of NVIDIA in a research note on Tuesday, March 19th. TD Cowen upped their price target on shares of NVIDIA from $900.00 to $1,100.00 and gave the stock an “outperform” rating in a research note on Thursday, March 21st. Finally, Argus lifted their price objective on NVIDIA from $850.00 to $950.00 and gave the company a “buy” rating in a research report on Wednesday, March 20th. Four research analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $940.30.

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.