Callan Capital LLC Increases Stock Position in NVIDIA Co. (NASDAQ:NVDA)

Callan Capital LLC lifted its holdings in NVIDIA Co. (NASDAQ:NVDA) by 1,038.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,891 shares of the computer hardware maker’s stock after buying an additional 24,529 shares during the quarter. NVIDIA makes up about 1.3% of Callan Capital LLC’s holdings, making the stock its 21st biggest holding. Callan Capital LLC’s holdings in NVIDIA were worth $13,317,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. LFA Lugano Financial Advisors SA purchased a new stake in shares of NVIDIA in the fourth quarter worth $28,000. Criterion Capital Advisors LLC bought a new position in NVIDIA in the 4th quarter worth about $28,000. Your Advocates Ltd. LLP purchased a new stake in NVIDIA during the 3rd quarter valued at about $30,000. O Brien Wealth Partners LLC raised its holdings in NVIDIA by 139.5% in the fourth quarter. O Brien Wealth Partners LLC now owns 91 shares of the computer hardware maker’s stock worth $45,000 after buying an additional 53 shares during the last quarter. Finally, Trivant Custom Portfolio Group LLC grew its holdings in shares of NVIDIA by 44.1% during the third quarter. Trivant Custom Portfolio Group LLC now owns 98 shares of the computer hardware maker’s stock valued at $43,000 after buying an additional 30 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors.

NVIDIA Trading Up 3.5 %

Shares of NVDA opened at $887.89 on Friday. NVIDIA Co. has a 1 year low of $272.40 and a 1 year high of $974.00. The company has a 50 day simple moving average of $867.38 and a two-hundred day simple moving average of $649.27. 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 market cap of $2.22 trillion, a P/E ratio of 74.36, a price-to-earnings-growth ratio of 1.27 and a beta of 1.75.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share (EPS) 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 period in the previous year, the firm posted $0.65 EPS. NVIDIA’s revenue for the quarter was up 265.3% compared to the same quarter last year. On average, equities analysts expect that NVIDIA Co. will post 22.55 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 6th were issued a dividend of $0.04 per share. 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 presently 1.34%.

Wall Street Analyst Weigh In

Several analysts have commented on NVDA shares. Wedbush reiterated an “outperform” rating and set a $1,000.00 target price on shares of NVIDIA in a research note on Tuesday, March 19th. Argus lifted their price objective on NVIDIA from $850.00 to $950.00 and gave the stock a “buy” rating in a report on Wednesday, March 20th. HSBC upped their target price on shares of NVIDIA from $880.00 to $1,050.00 and gave the company a “buy” rating in a research note on Monday, March 18th. KeyCorp lifted their price target on shares of NVIDIA from $1,100.00 to $1,200.00 and gave the stock an “overweight” rating in a research note on Monday, April 8th. Finally, Mizuho increased their price objective on shares of NVIDIA from $850.00 to $1,000.00 and gave the company a “buy” rating in a research report on Thursday, March 7th. Four research analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $941.55.

Insiders Place Their Bets

In other news, Director Mark A. Stevens sold 22,700 shares of the stock in a transaction that occurred on 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 transaction, 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 Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Mark A. Stevens sold 22,700 shares of the company’s stock in a transaction dated 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 sale, the director now directly 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 can be accessed through this link. Also, Director Mark A. Stevens sold 11,000 shares of NVIDIA stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $905.65, for a total value of $9,962,150.00. Following the completion of the transaction, the director now owns 1,074,833 shares of the company’s stock, valued at approximately $973,422,506.45. 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 quarter. 3.99% of the stock is currently owned by insiders.

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.