CapWealth Advisors LLC Acquires Shares of 457 NVIDIA Co. (NASDAQ:NVDA)

CapWealth Advisors LLC bought a new position in NVIDIA Co. (NASDAQ:NVDA) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 457 shares of the computer hardware maker’s stock, valued at approximately $226,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Moody Lynn & Lieberson LLC boosted its position in shares of NVIDIA by 7.2% during the 3rd quarter. Moody Lynn & Lieberson LLC now owns 89,053 shares of the computer hardware maker’s stock worth $38,737,000 after purchasing an additional 5,998 shares in the last quarter. TrueMark Investments LLC acquired a new position in shares of NVIDIA in the fourth quarter worth $2,639,000. McLean Asset Management Corp lifted its position in shares of NVIDIA by 11.7% in the fourth quarter. McLean Asset Management Corp now owns 1,773 shares of the computer hardware maker’s stock valued at $871,000 after acquiring an additional 186 shares in the last quarter. Cornercap Investment Counsel Inc. boosted its stake in shares of NVIDIA by 5.7% during the fourth quarter. Cornercap Investment Counsel Inc. now owns 3,900 shares of the computer hardware maker’s stock valued at $1,931,000 after acquiring an additional 209 shares during the last quarter. Finally, Shilanski & Associates Inc. increased its position in NVIDIA by 15.9% during the 4th quarter. Shilanski & Associates Inc. now owns 2,983 shares of the computer hardware maker’s stock worth $1,477,000 after purchasing an additional 410 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on NVDA. Oppenheimer upped their target price on shares of NVIDIA from $850.00 to $1,100.00 and gave the company an “outperform” rating in a report on Wednesday, March 20th. Wells Fargo & Company raised their target price on shares of NVIDIA from $840.00 to $970.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 19th. UBS Group boosted their price target on NVIDIA from $800.00 to $1,100.00 and gave the company a “buy” rating in a report on Friday, March 22nd. The Goldman Sachs Group lifted their price objective on NVIDIA from $875.00 to $1,000.00 and gave the company a “buy” rating in a research report on Wednesday, March 20th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $1,100.00 target price on shares of NVIDIA in a research note on Tuesday, February 20th. Four analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $940.30.

NVIDIA Stock Performance

NASDAQ:NVDA opened at $877.35 on Friday. NVIDIA Co. has a 1-year low of $266.25 and a 1-year high of $974.00. The stock has a market cap of $2.19 trillion, a P/E ratio of 73.48, a PEG ratio of 1.14 and a beta of 1.73. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.17 and a quick ratio of 3.67. The firm has a 50-day moving average of $854.40 and a two-hundred day moving average of $635.34.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data 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 during the quarter, compared to analyst estimates of $20.40 billion. During the same period in the previous year, the company earned $0.65 earnings per share. NVIDIA’s quarterly revenue was up 265.3% on a year-over-year basis. On average, research analysts expect that NVIDIA Co. will post 22.55 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

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

Insider Transactions at NVIDIA

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

About NVIDIA

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.