Cary Street Partners Asset Management LLC Purchases 1,130 Shares of NVIDIA Co. (NASDAQ:NVDA)

Cary Street Partners Asset Management LLC lifted its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 65.1% in the 4th quarter, HoldingsChannel reports. The firm owned 2,866 shares of the computer hardware maker’s stock after buying an additional 1,130 shares during the quarter. Cary Street Partners Asset Management LLC’s holdings in NVIDIA were worth $1,419,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. One Day In July LLC increased its stake in shares of NVIDIA by 2.4% during the 4th quarter. One Day In July LLC now owns 2,600 shares of the computer hardware maker’s stock worth $1,288,000 after purchasing an additional 61 shares during the last quarter. Win Advisors Inc. purchased a new stake in shares of NVIDIA during the 4th quarter worth approximately $237,000. Oakwell Private Wealth Management LLC grew its stake in NVIDIA by 8.4% in the 4th quarter. Oakwell Private Wealth Management LLC now owns 3,676 shares of the computer hardware maker’s stock valued at $1,820,000 after buying an additional 284 shares in the last quarter. Hexagon Capital Partners LLC grew its stake in NVIDIA by 2.3% in the 4th quarter. Hexagon Capital Partners LLC now owns 5,872 shares of the computer hardware maker’s stock valued at $2,907,000 after buying an additional 133 shares in the last quarter. Finally, LCM Capital Management Inc grew its stake in NVIDIA by 1.5% in the 4th quarter. LCM Capital Management Inc now owns 5,766 shares of the computer hardware maker’s stock valued at $2,855,000 after buying an additional 85 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, insider Donald F. Robertson, Jr. sold 450 shares of the business’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $911.62, for a total value of $410,229.00. Following 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 available through this hyperlink. In other NVIDIA news, insider Donald F. Robertson, Jr. sold 450 shares of the business’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $911.62, for a total value of $410,229.00. Following 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 available through this hyperlink. Also, Director Mark A. Stevens sold 5,000 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $800.74, for a total transaction of $4,003,700.00. Following 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 quarter, insiders have sold 61,278 shares of company stock worth $52,689,898. 3.99% of the stock is currently owned by company insiders.

NVIDIA Stock Performance

NVIDIA stock opened at $887.47 on Friday. The company has a quick ratio of 3.67, a current ratio of 4.17 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $2.22 trillion, a PE ratio of 74.33, a P/E/G ratio of 1.27 and a beta of 1.75. The firm has a fifty day simple moving average of $874.91 and a two-hundred day simple moving average of $661.05. NVIDIA Co. has a twelve month low of $280.46 and a twelve month high of $974.00.

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, topping the consensus estimate of $4.21 by $0.95. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The business had revenue of $22.10 billion during the quarter, compared to the consensus estimate of $20.40 billion. During the same period in the previous year, the firm posted $0.65 earnings per share. The firm’s revenue for the quarter was up 265.3% on a year-over-year basis. Research analysts expect that NVIDIA Co. will post 22.55 EPS for the current year.

NVIDIA Dividend Announcement

The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 0.02%. The ex-dividend date was Tuesday, March 5th. NVIDIA’s payout ratio is 1.34%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on NVDA. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of NVIDIA from $720.00 to $850.00 and gave the company a “hold” rating in a research note on Wednesday, March 20th. TD Cowen lifted their price objective on shares of NVIDIA from $900.00 to $1,100.00 and gave the company an “outperform” rating in a research note on Thursday, March 21st. KeyCorp lifted their price objective on shares of NVIDIA from $1,100.00 to $1,200.00 and gave the company an “overweight” rating in a research note on Monday, April 8th. Tigress Financial lifted their price objective on shares of NVIDIA from $790.00 to $985.00 and gave the company a “buy” rating in a research note on Thursday, February 29th. Finally, Stifel Nicolaus restated a “buy” rating and set a $910.00 price target on shares of NVIDIA in a research report on Wednesday, March 20th. Four analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, NVIDIA has a consensus rating of “Moderate Buy” and a consensus price target of $944.05.

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.