Campbell Newman Asset Management Inc. Acquires 18 Shares of NVIDIA Co. (NASDAQ:NVDA)

Campbell Newman Asset Management Inc. lifted its holdings in NVIDIA Co. (NASDAQ:NVDA) by 0.6% in the fourth quarter, HoldingsChannel reports. The fund owned 2,991 shares of the computer hardware maker’s stock after buying an additional 18 shares during the period. Campbell Newman Asset Management Inc.’s holdings in NVIDIA were worth $1,481,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Moody Lynn & Lieberson LLC lifted its holdings in shares of NVIDIA by 7.2% in the 3rd quarter. Moody Lynn & Lieberson LLC now owns 89,053 shares of the computer hardware maker’s stock worth $38,737,000 after acquiring an additional 5,998 shares during the last quarter. TrueMark Investments LLC bought a new stake in NVIDIA during the 4th quarter valued at $2,639,000. McLean Asset Management Corp raised its holdings in NVIDIA by 11.7% during the 4th quarter. McLean Asset Management Corp now owns 1,773 shares of the computer hardware maker’s stock valued at $871,000 after buying an additional 186 shares during the last quarter. Shilanski & Associates Inc. raised its holdings in NVIDIA by 15.9% during the 4th quarter. Shilanski & Associates Inc. now owns 2,983 shares of the computer hardware maker’s stock valued at $1,477,000 after buying an additional 410 shares during the last quarter. Finally, WealthPLAN Partners LLC raised its holdings in NVIDIA by 14.3% during the 4th quarter. WealthPLAN Partners LLC now owns 7,938 shares of the computer hardware maker’s stock valued at $3,931,000 after buying an additional 996 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors.

NVIDIA Price Performance

Shares of NASDAQ:NVDA opened at $906.16 on Friday. The firm’s 50 day moving average price is $826.53 and its 200-day moving average price is $604.97. NVIDIA Co. has a twelve month low of $262.20 and a twelve month high of $974.00. 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 stock has a market capitalization of $2.27 trillion, a PE ratio of 75.89, a price-to-earnings-growth ratio of 1.26 and a beta of 1.73.

NVIDIA (NASDAQ:NVDA) last released its earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 EPS for the quarter, topping 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 analysts’ expectations of $20.40 billion. During the same quarter last year, the business earned $0.65 EPS. The firm’s revenue was up 265.3% compared to the same quarter last year. Equities research analysts expect that NVIDIA Co. will post 22.45 EPS for the current year.

NVIDIA Dividend Announcement

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

Insiders Place Their Bets

In other NVIDIA news, Director Mark A. Stevens sold 22,700 shares of the firm’s stock in a transaction that occurred on 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 owns 1,052,133 shares in the company, valued at approximately $925,845,476.01. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other NVIDIA news, Director John Dabiri sold 128 shares of the stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $940.00, for a total transaction of $120,320.00. Following the completion of the sale, the director now directly owns 2,055 shares of the company’s stock, valued at approximately $1,931,700. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Mark A. Stevens sold 22,700 shares of the stock in a transaction that occurred on 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 of the company’s stock, valued at $925,845,476.01. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 61,278 shares of company stock worth $52,689,898. Company insiders own 3.99% of the company’s stock.

Wall Street Analysts Forecast Growth

NVDA has been the subject of a number of recent analyst reports. Raymond James upped their price target on shares of NVIDIA from $850.00 to $1,100.00 and gave the company a “strong-buy” rating in a report on Thursday. Truist Financial boosted their price objective on shares of NVIDIA from $911.00 to $1,177.00 and gave the company a “buy” rating in a research report on Monday, March 18th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of NVIDIA from $720.00 to $850.00 and gave the company a “hold” rating in a research report on Wednesday, March 20th. CICC Research initiated coverage on shares of NVIDIA in a research report on Wednesday, March 6th. They set an “outperform” rating and a $870.00 price objective on the stock. Finally, Tigress Financial boosted their price objective on shares of NVIDIA from $790.00 to $985.00 and gave the company a “buy” rating in a research report on Thursday, February 29th. Four investment analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $926.30.

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.