Cary Street Partners Financial LLC Buys Shares of 161,140 NVIDIA Co. (NASDAQ:NVDA)

Cary Street Partners Financial LLC bought a new stake in NVIDIA Co. (NASDAQ:NVDA - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 161,140 shares of the computer hardware maker's stock, valued at approximately $21,640,000. NVIDIA makes up about 0.7% of Cary Street Partners Financial LLC's portfolio, making the stock its 29th largest holding.

Several other institutional investors also recently bought and sold shares of NVDA. GAMMA Investing LLC boosted its stake in NVIDIA by 11.9% in the fourth quarter. GAMMA Investing LLC now owns 397,922 shares of the computer hardware maker's stock valued at $53,437,000 after acquiring an additional 42,213 shares in the last quarter. NRI Wealth Management LC acquired a new position in NVIDIA during the fourth quarter valued at $12,207,000. Waller Financial Planning Group Inc. increased its holdings in NVIDIA by 4.6% in the fourth quarter. Waller Financial Planning Group Inc. now owns 4,024 shares of the computer hardware maker's stock valued at $540,000 after buying an additional 177 shares in the last quarter. jvl associates llc increased its holdings in NVIDIA by 1.0% in the fourth quarter. jvl associates llc now owns 10,652 shares of the computer hardware maker's stock valued at $1,430,000 after buying an additional 105 shares in the last quarter. Finally, Nordea Investment Management AB increased its holdings in NVIDIA by 15.3% in the fourth quarter. Nordea Investment Management AB now owns 34,432,573 shares of the computer hardware maker's stock valued at $4,703,145,000 after buying an additional 4,561,284 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on NVDA. Summit Insights cut shares of NVIDIA from a "buy" rating to a "hold" rating in a report on Thursday, February 27th. DZ Bank raised shares of NVIDIA from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 28th. HSBC lowered shares of NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 price target on the stock. in a research report on Thursday, April 3rd. DA Davidson decreased their target price on shares of NVIDIA from $125.00 to $120.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Finally, Cantor Fitzgerald restated an "overweight" rating and issued a $200.00 price objective on shares of NVIDIA in a report on Wednesday, April 16th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, thirty-three have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $167.53.

Insider Buying and Selling

In other NVIDIA news, CFO Colette Kress sold 66,660 shares of the company's stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $116.83, for a total transaction of $7,787,887.80. Following the transaction, the chief financial officer now directly owns 3,085,765 shares in the company, valued at approximately $360,509,924.95. This represents a 2.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director John Dabiri sold 2,663 shares of the company's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $110.00, for a total transaction of $292,930.00. Following the transaction, the director now owns 17,279 shares in the company, valued at $1,900,690. The trade was a 13.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 147,147 shares of company stock valued at $17,133,207 over the last ninety days. Corporate insiders own 4.17% of the company's stock.

NVIDIA Price Performance

Shares of NASDAQ:NVDA opened at $131.29 on Friday. The company has a 50-day simple moving average of $113.89 and a 200-day simple moving average of $126.81. NVIDIA Co. has a one year low of $86.62 and a one year high of $195.95. 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 stock has a market capitalization of $3.21 trillion, a price-to-earnings ratio of 51.67, a PEG ratio of 1.76 and a beta of 2.11.

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

NVIDIA Announces Dividend

The company also recently declared 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 of this dividend was Wednesday, March 12th. This represents a $0.04 annualized dividend and a yield of 0.03%. NVIDIA's dividend payout ratio is currently 1.36%.

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.

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