Cambridge Financial Group Inc. Makes New $8.38 Million Investment in NVIDIA Co. (NASDAQ:NVDA)

Cambridge Financial Group Inc. acquired a new stake in NVIDIA Co. (NASDAQ:NVDA - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 62,395 shares of the computer hardware maker's stock, valued at approximately $8,379,000. NVIDIA accounts for about 3.5% of Cambridge Financial Group Inc.'s investment portfolio, making the stock its 12th biggest position.

A number of other institutional investors also recently bought and sold shares of NVDA. Norges Bank purchased a new stake in shares of NVIDIA during the 4th quarter valued at approximately $43,515,504,000. Clear Street Derivatives LLC acquired a new position in shares of NVIDIA in the 3rd quarter valued at $4,589,905,000. Proficio Capital Partners LLC raised its holdings in NVIDIA by 14,641.2% in the 4th quarter. Proficio Capital Partners LLC now owns 34,676,316 shares of the computer hardware maker's stock valued at $4,656,682,000 after buying an additional 34,441,082 shares during the period. GQG Partners LLC increased its position in shares of NVIDIA by 132.3% during the fourth quarter. GQG Partners LLC now owns 25,697,930 shares of the computer hardware maker's stock valued at $3,450,975,000 after acquiring an additional 14,636,057 shares during the last quarter. Finally, Amundi lifted its holdings in shares of NVIDIA by 12.9% in the 4th quarter. Amundi now owns 117,036,612 shares of the computer hardware maker's stock worth $16,394,224,000 after acquiring an additional 13,406,054 shares during the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

NVIDIA Stock Performance

Shares of NVIDIA stock traded down $0.94 on Monday, reaching $113.56. 26,003,883 shares of the company were exchanged, compared to its average volume of 287,381,969. NVIDIA Co. has a 1-year low of $86.62 and a 1-year high of $153.13. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. The company's 50-day moving average is $110.85 and its two-hundred day moving average is $128.08. The firm has a market cap of $2.77 trillion, a price-to-earnings ratio of 44.69, a P/E/G ratio of 1.76 and a beta of 2.11.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share for the quarter, beating analysts' consensus estimates of $0.84 by $0.05. The company had revenue of $39.33 billion for the quarter, compared to analysts' expectations of $38.16 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. As a group, research analysts expect that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $0.04 annualized dividend and a yield of 0.04%. NVIDIA's payout ratio is presently 1.36%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Needham & Company LLC restated a "buy" rating and issued a $160.00 price objective on shares of NVIDIA in a report on Wednesday, March 19th. Barclays lowered their target price on NVIDIA from $175.00 to $155.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Bank of America reduced their target price on shares of NVIDIA from $200.00 to $160.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Morgan Stanley decreased their price objective on shares of NVIDIA from $162.00 to $160.00 and set an "overweight" rating for the company in a research report on Friday, April 25th. Finally, Seaport Res Ptn raised NVIDIA to a "strong sell" rating in a report on Wednesday, April 30th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-six have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, NVIDIA currently has a consensus rating of "Moderate Buy" and a consensus target price of $164.96.

Insider Transactions at NVIDIA

In other NVIDIA news, Director Aarti S. Shah sold 20,000 shares of NVIDIA stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $118.42, for a total transaction of $2,368,400.00. Following the completion of the sale, the director now owns 53,208 shares of the company's stock, valued at $6,300,891.36. This trade represents a 27.32 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director John Dabiri sold 2,663 shares of the company's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $110.00, for a total transaction of $292,930.00. Following the completion of the transaction, the director now directly owns 17,279 shares in the company, valued at $1,900,690. This trade represents a 13.35 % 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 ninety days. Corporate insiders own 4.23% of the company's stock.

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.