Caldwell Sutter Capital Inc. Raises Position in NVIDIA Co. (NASDAQ:NVDA)

Caldwell Sutter Capital Inc. boosted its position in NVIDIA Co. (NASDAQ:NVDA) by 16.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 583 shares of the computer hardware maker’s stock after acquiring an additional 81 shares during the period. Caldwell Sutter Capital Inc.’s holdings in NVIDIA were worth $288,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in NVDA. Vanguard Group Inc. boosted its stake in shares of NVIDIA by 1.1% during the 3rd quarter. Vanguard Group Inc. now owns 203,680,199 shares of the computer hardware maker’s stock valued at $88,598,850,000 after purchasing an additional 2,287,471 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of NVIDIA by 0.6% during the 1st quarter. Geode Capital Management LLC now owns 46,056,013 shares of the computer hardware maker’s stock valued at $12,763,663,000 after purchasing an additional 267,061 shares in the last quarter. Morgan Stanley boosted its stake in shares of NVIDIA by 20.2% during the 4th quarter. Morgan Stanley now owns 27,533,756 shares of the computer hardware maker’s stock valued at $4,023,783,000 after purchasing an additional 4,621,002 shares in the last quarter. Norges Bank bought a new stake in shares of NVIDIA during the 4th quarter valued at about $3,900,874,000. Finally, Northern Trust Corp boosted its stake in shares of NVIDIA by 3.6% during the 3rd quarter. Northern Trust Corp now owns 26,311,434 shares of the computer hardware maker’s stock valued at $11,445,211,000 after purchasing an additional 910,009 shares in the last quarter. Institutional investors own 65.27% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on NVDA. Benchmark reissued a “buy” rating and set a $1,000.00 price objective on shares of NVIDIA in a research note on Wednesday, March 20th. HSBC boosted their price objective on shares of NVIDIA from $880.00 to $1,050.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $1,100.00 target price on shares of NVIDIA in a report on Tuesday, February 20th. Craig Hallum lifted their target price on shares of NVIDIA from $700.00 to $850.00 and gave the stock a “buy” rating in a report on Thursday, February 22nd. Finally, Sanford C. Bernstein lifted their target price on shares of NVIDIA from $700.00 to $1,000.00 and gave the stock an “outperform” rating in a report on Thursday, February 22nd. 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 stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $908.68.

Insider Activity at NVIDIA

In other news, Director Mark A. Stevens sold 35,648 shares of the stock in a transaction on Wednesday, January 10th. The shares were sold at an average price of $542.93, for a total value of $19,354,368.64. Following the sale, the director now owns 1,189,083 shares of the company’s stock, valued at $645,588,833.19. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, Director Mark A. Stevens sold 11,000 shares of the stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $905.65, for a total value of $9,962,150.00. Following the sale, the director now owns 1,074,833 shares of the company’s stock, valued at $973,422,506.45. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Mark A. Stevens sold 35,648 shares of the firm’s stock in a transaction dated Wednesday, January 10th. The stock was sold at an average price of $542.93, for a total transaction of $19,354,368.64. Following the completion of the transaction, the director now directly owns 1,189,083 shares in the company, valued at approximately $645,588,833.19. The disclosure for this sale can be found here. Insiders have sold a total of 115,902 shares of company stock valued at $74,597,148 over the last 90 days. 3.99% of the stock is owned by corporate insiders.

NVIDIA Price Performance

Shares of NASDAQ:NVDA opened at $859.05 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.67 and a current ratio of 4.17. The firm has a fifty day moving average price of $801.06 and a 200 day moving average price of $589.29. NVIDIA Co. has a fifty-two week low of $262.20 and a fifty-two week high of $974.00. The firm has a market cap of $2.15 trillion, a price-to-earnings ratio of 71.95, a P/E/G ratio of 1.29 and a beta of 1.73.

NVIDIA (NASDAQ:NVDA) last issued its earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share 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 firm had revenue of $22.10 billion during the quarter, compared to analyst estimates of $20.40 billion. During the same quarter in the prior year, the business earned $0.65 earnings per share. NVIDIA’s revenue for the quarter was up 265.3% on a year-over-year basis. As a group, sell-side analysts expect that NVIDIA Co. will post 22.45 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Investors 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 of this dividend was Tuesday, March 5th. NVIDIA’s payout ratio is 1.34%.

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.