Comprehensive Financial Management LLC Has $671,000 Stock Position in NVIDIA Co. (NASDAQ:NVDA)

Comprehensive Financial Management LLC boosted its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 25.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,000 shares of the computer hardware maker’s stock after purchasing an additional 1,000 shares during the period. Comprehensive Financial Management LLC’s holdings in NVIDIA were worth $671,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of NVDA. Cornerstone Financial Group LLC NE acquired a new stake in shares of NVIDIA during the fourth quarter worth $806,000. Cornerstone Select Advisors LLC bought a new stake in NVIDIA during the fourth quarter valued at $5,567,000. Crestline Management LP grew its holdings in NVIDIA by 159.2% during the 4th quarter. Crestline Management LP now owns 703,108 shares of the computer hardware maker’s stock worth $94,420,000 after acquiring an additional 431,805 shares during the period. Cambridge Investment Research Advisors Inc. raised its position in shares of NVIDIA by 1.6% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 5,731,450 shares of the computer hardware maker’s stock worth $769,676,000 after acquiring an additional 89,883 shares in the last quarter. Finally, Capitolis Liquid Global Markets LLC lifted its stake in shares of NVIDIA by 7.2% in the 4th quarter. Capitolis Liquid Global Markets LLC now owns 6,043,300 shares of the computer hardware maker’s stock valued at $811,555,000 after purchasing an additional 406,000 shares during the period. Institutional investors and hedge funds own 65.27% of the company’s stock.

Insider Buying and Selling

In other NVIDIA news, Director John Dabiri sold 2,663 shares of the stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $110.00, for a total transaction of $292,930.00. Following the completion of the sale, the director now directly owns 17,279 shares of the company’s stock, valued at approximately $1,900,690. This represents a 13.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Colette Kress sold 66,660 shares of the company’s stock in a transaction on Friday, March 21st. The stock was sold at an average price of $116.83, for a total value of $7,787,887.80. Following the transaction, the chief financial officer now directly owns 3,085,765 shares in the company, valued at approximately $360,509,924.95. The trade was a 2.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 147,147 shares of company stock valued at $17,133,207 over the last quarter. 4.17% of the stock is owned by corporate insiders.

NVIDIA Trading Down 1.2%

Shares of NASDAQ:NVDA opened at $131.29 on Monday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. NVIDIA Co. has a 52-week low of $86.62 and a 52-week high of $195.95. The stock has a market capitalization of $3.21 trillion, a price-to-earnings ratio of 51.67, a PEG ratio of 1.76 and a beta of 2.11. The stock’s 50-day simple moving average is $113.89 and its two-hundred day simple moving average is $126.65.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.05. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The business had revenue of $39.33 billion during the quarter, compared to analysts’ expectations of $38.16 billion. Analysts expect that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were issued a $0.01 dividend. The ex-dividend date was Wednesday, March 12th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. NVIDIA’s payout ratio is 1.36%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on NVDA shares. Bank of America raised their target price on NVIDIA from $150.00 to $160.00 and gave the stock a “buy” rating in a research note on Wednesday, May 14th. Hsbc Global Res downgraded shares of NVIDIA from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 3rd. Needham & Company LLC reiterated a “buy” rating and issued a $160.00 price objective on shares of NVIDIA in a research note on Wednesday, March 19th. Barclays reduced their price target on shares of NVIDIA from $175.00 to $155.00 and set an “overweight” rating for the company in a report on Tuesday, April 22nd. Finally, William Blair reiterated an “outperform” rating on shares of NVIDIA in a report on Thursday, March 20th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, thirty-three have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, NVIDIA presently has an average rating of “Moderate Buy” and a consensus target price of $167.53.

NVIDIA 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.