Cascade Investment Group Inc. Invests $247,000 in NVIDIA Co. (NASDAQ:NVDA)

Cascade Investment Group Inc. acquired a new position in shares of NVIDIA Co. (NASDAQ:NVDAFree Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 499 shares of the computer hardware maker’s stock, valued at approximately $247,000.

Several other hedge funds also recently modified their holdings of the company. Moody Lynn & Lieberson LLC increased its holdings in shares of NVIDIA by 7.2% in the third quarter. Moody Lynn & Lieberson LLC now owns 89,053 shares of the computer hardware maker’s stock valued at $38,737,000 after purchasing an additional 5,998 shares in the last quarter. TrueMark Investments LLC acquired a new stake in shares of NVIDIA in the fourth quarter valued at approximately $2,639,000. McLean Asset Management Corp increased its holdings 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 purchasing an additional 186 shares in the last quarter. Shilanski & Associates Inc. increased its holdings in shares of NVIDIA by 15.9% in the fourth quarter. Shilanski & Associates Inc. now owns 2,983 shares of the computer hardware maker’s stock valued at $1,477,000 after purchasing an additional 410 shares in the last quarter. Finally, WealthPLAN Partners LLC increased its holdings in shares of NVIDIA by 14.3% in the fourth quarter. WealthPLAN Partners LLC now owns 7,938 shares of the computer hardware maker’s stock valued at $3,931,000 after purchasing an additional 996 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

NVIDIA Stock Down 2.6 %

NVIDIA stock opened at $925.61 on Wednesday. The firm has a market capitalization of $2.31 trillion, a PE ratio of 77.52, a P/E/G ratio of 1.37 and a beta of 1.73. The company’s 50-day moving average is $751.73 and its 200-day moving average is $566.07. NVIDIA Co. has a fifty-two week low of $258.50 and a fifty-two week high of $974.00. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.17 and a quick ratio of 3.67.

NVIDIA (NASDAQ:NVDAGet Free Report) last released its quarterly earnings data 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. The company had revenue of $22.10 billion for the quarter, compared to analyst estimates of $20.40 billion. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. NVIDIA’s revenue for the quarter was up 265.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.65 EPS. Sell-side analysts anticipate that NVIDIA Co. will post 22.4 earnings per share for the current year.

NVIDIA Announces Dividend

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

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Cantor Fitzgerald reissued an “overweight” rating and issued a $900.00 price target on shares of NVIDIA in a report on Monday, March 4th. Truist Financial lifted their target price on shares of NVIDIA from $911.00 to $1,177.00 and gave the stock a “buy” rating in a report on Monday, March 18th. Bank of America lifted their target price on shares of NVIDIA from $925.00 to $1,100.00 and gave the stock a “buy” rating in a report on Wednesday, March 13th. Tigress Financial lifted their target price on shares of NVIDIA from $790.00 to $985.00 and gave the stock a “buy” rating in a report on Thursday, February 29th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $910.00 target price on shares of NVIDIA in a report on Wednesday, March 20th. Four research analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $908.68.

Get Our Latest Stock Report on NVDA

Insider Transactions at NVIDIA

In other news, insider Donald F. Robertson, Jr. sold 450 shares of the business’s stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $484.62, for a total transaction of $218,079.00. Following the transaction, the insider now directly owns 50,961 shares in the company, valued at approximately $24,696,719.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Donald F. Robertson, Jr. sold 450 shares of the company’s stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $484.62, for a total value of $218,079.00. Following the transaction, the insider now owns 50,961 shares in the company, valued at approximately $24,696,719.82. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Mark A. Stevens sold 5,000 shares of the company’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 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. Insiders have sold 105,224 shares of company stock worth $64,732,757 in the last ninety days. Insiders own 3.99% of the company’s stock.

NVIDIA Profile

(Free Report)

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.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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