Castlekeep Investment Advisors LLC Makes New $12.53 Million Investment in NVIDIA Co. (NASDAQ:NVDA)

Castlekeep Investment Advisors LLC bought a new position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 93,332 shares of the computer hardware maker's stock, valued at approximately $12,534,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Hickory Point Bank & Trust acquired a new position in shares of NVIDIA during the fourth quarter worth $2,272,000. Capital Performance Advisors LLP increased its stake in NVIDIA by 59.3% during the 4th quarter. Capital Performance Advisors LLP now owns 26,700 shares of the computer hardware maker's stock worth $3,586,000 after buying an additional 9,944 shares during the period. Waddell & Associates LLC lifted its holdings in NVIDIA by 1.2% in the 4th quarter. Waddell & Associates LLC now owns 24,124 shares of the computer hardware maker's stock worth $3,240,000 after buying an additional 297 shares in the last quarter. Strategy Asset Managers LLC lifted its holdings in NVIDIA by 0.8% in the 4th quarter. Strategy Asset Managers LLC now owns 52,307 shares of the computer hardware maker's stock worth $7,024,000 after buying an additional 405 shares in the last quarter. Finally, Ethos Financial Group LLC boosted its position in NVIDIA by 24.1% in the 4th quarter. Ethos Financial Group LLC now owns 32,092 shares of the computer hardware maker's stock valued at $4,312,000 after buying an additional 6,241 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

Insiders Place Their Bets

In other NVIDIA news, Director Aarti S. Shah sold 20,000 shares of the firm's stock in a transaction that occurred 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 $6,300,891.36. This trade represents a 27.32% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director John Dabiri sold 2,663 shares of NVIDIA stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $110.00, for a total value of $292,930.00. Following 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 147,147 shares of company stock worth $17,133,207. 4.17% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on NVDA shares. Arete Research raised NVIDIA to a "strong-buy" rating in a research report on Wednesday, May 21st. Summit Insights lowered NVIDIA from a "buy" rating to a "hold" rating in a research note on Thursday, February 27th. Morgan Stanley reaffirmed a "hold" rating on shares of NVIDIA in a research report on Friday. Wedbush cut NVIDIA from an "outperform" rating to a "cautious" rating in a research note on Friday. Finally, Barclays dropped their price target on shares of NVIDIA from $175.00 to $155.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, thirty-three have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $167.53.

NVIDIA Price Performance

NASDAQ NVDA traded down $0.21 on Wednesday, reaching $135.30. 53,381,882 shares of the stock traded hands, compared to its average volume of 287,633,873. NVIDIA Co. has a 12 month low of $86.62 and a 12 month high of $195.95. The company has a market cap of $3.31 trillion, a price-to-earnings ratio of 53.26, a P/E/G ratio of 1.76 and a beta of 2.11. The firm's fifty day simple moving average is $114.51 and its 200 day simple moving average is $126.60. 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, topping analysts' consensus estimates of $0.84 by $0.05. The firm had revenue of $39.33 billion for 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, research analysts predict that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

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.