Carbahal Olsen Financial Services Group LLC Makes New $269,000 Investment in NVIDIA Co. (NASDAQ:NVDA)

Carbahal Olsen Financial Services Group LLC bought a new stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 2,006 shares of the computer hardware maker's stock, valued at approximately $269,000. NVIDIA comprises approximately 0.2% of Carbahal Olsen Financial Services Group LLC's investment portfolio, making the stock its 27th biggest holding.

Several other large investors have also recently modified their holdings of NVDA. DiNuzzo Private Wealth Inc. grew its holdings in NVIDIA by 0.8% in the 4th quarter. DiNuzzo Private Wealth Inc. now owns 8,612 shares of the computer hardware maker's stock worth $1,157,000 after buying an additional 71 shares in the last quarter. Baker Boyer National Bank grew its holdings in NVIDIA by 3.3% in the 4th quarter. Baker Boyer National Bank now owns 2,403 shares of the computer hardware maker's stock worth $323,000 after buying an additional 76 shares in the last quarter. Kwmg LLC grew its holdings in NVIDIA by 0.6% in the 4th quarter. Kwmg LLC now owns 13,067 shares of the computer hardware maker's stock worth $1,755,000 after buying an additional 77 shares in the last quarter. SC&H Financial Advisors Inc. grew its holdings in NVIDIA by 1.6% in the 4th quarter. SC&H Financial Advisors Inc. now owns 5,074 shares of the computer hardware maker's stock worth $681,000 after buying an additional 80 shares in the last quarter. Finally, DecisionPoint Financial LLC grew its holdings in NVIDIA by 2.9% in the 4th quarter. DecisionPoint Financial LLC now owns 2,878 shares of the computer hardware maker's stock worth $386,000 after buying an additional 80 shares in the last quarter. Institutional investors own 65.27% of the company's stock.

NVIDIA Stock Up 0.4%

Shares of NVDA traded up $0.57 during mid-day trading on Friday, reaching $135.40. The company's stock had a trading volume of 221,859,039 shares, compared to its average volume of 294,737,502. The business has a fifty day moving average of $112.33 and a 200 day moving average of $126.97. The company has a market cap of $3.31 trillion, a price-to-earnings ratio of 53.29, a price-to-earnings-growth ratio of 1.76 and a beta of 2.11. NVIDIA Co. has a 1 year low of $86.62 and a 1 year high of $195.95. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13.

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

NVIDIA Dividend Announcement

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

Insider Buying and Selling

In related news, Director John Dabiri sold 2,663 shares of the 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 sale, the director now directly owns 17,279 shares in the company, valued at approximately $1,900,690. This trade represents a 13.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Aarti S. Shah sold 20,000 shares of the stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $118.42, for a total value of $2,368,400.00. Following the sale, the director now owns 53,208 shares of the company's stock, valued at approximately $6,300,891.36. This represents a 27.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 147,147 shares of company stock worth $17,133,207. Corporate insiders own 4.23% of the company's stock.

Wall Street Analyst Weigh In

NVDA has been the subject of a number of recent analyst reports. Rosenblatt Securities decreased their price objective on NVIDIA from $220.00 to $200.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. Raymond James restated a "strong-buy" rating on shares of NVIDIA in a research report on Wednesday, April 16th. Morgan Stanley cut their target price on NVIDIA from $162.00 to $160.00 and set an "overweight" rating for the company in a research report on Friday, April 25th. Citigroup restated a "buy" rating on shares of NVIDIA in a research report on Wednesday, April 16th. Finally, William Blair restated an "outperform" rating on shares of NVIDIA in a research report on Thursday, March 20th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-six have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, NVIDIA currently has an average rating of "Moderate Buy" and an average target price of $164.84.

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.