Chancellor Financial Group WB LP Invests $3.97 Million in NVIDIA Co. (NASDAQ:NVDA)

Chancellor Financial Group WB LP purchased a new stake in NVIDIA Co. (NASDAQ:NVDA - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 29,531 shares of the computer hardware maker's stock, valued at approximately $3,966,000. NVIDIA accounts for about 3.2% of Chancellor Financial Group WB LP's investment portfolio, making the stock its 5th biggest holding.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. DiNuzzo Private Wealth Inc. increased its holdings in shares of 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 during the last quarter. Baker Boyer National Bank grew its position in NVIDIA by 3.3% in the fourth quarter. Baker Boyer National Bank now owns 2,403 shares of the computer hardware maker's stock worth $323,000 after acquiring an additional 76 shares in the last quarter. SC&H Financial Advisors Inc. grew its position in NVIDIA by 1.6% in the fourth quarter. SC&H Financial Advisors Inc. now owns 5,074 shares of the computer hardware maker's stock worth $681,000 after acquiring an additional 80 shares in the last quarter. DecisionPoint Financial LLC increased its stake in NVIDIA by 2.9% in the fourth quarter. DecisionPoint Financial LLC now owns 2,878 shares of the computer hardware maker's stock valued at $386,000 after acquiring an additional 80 shares during the last quarter. Finally, Matthew Goff Investment Advisor LLC raised its position in NVIDIA by 0.7% during the fourth quarter. Matthew Goff Investment Advisor LLC now owns 11,496 shares of the computer hardware maker's stock valued at $1,544,000 after purchasing an additional 84 shares in the last quarter. Institutional investors own 65.27% of the company's stock.

Insider Buying and Selling at NVIDIA

In other news, Director John Dabiri sold 2,663 shares of the business's stock in a transaction on Monday, March 10th. The shares were 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 owns 17,279 shares of the company's stock, valued at $1,900,690. The trade was a 13.35% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Mark A. Stevens sold 935,000 shares of the company's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $140.92, for a total value of $131,760,200.00. Following the completion of the sale, the director now owns 9,214,697 shares of the company's stock, valued at $1,298,535,101.24. This trade represents a 9.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,257,983 shares of company stock valued at $172,973,349. Insiders own 4.17% of the company's stock.

NVIDIA Stock Performance

Shares of NVDA stock traded up $1.73 on Friday, reaching $141.72. The stock had a trading volume of 153,523,162 shares, compared to its average volume of 278,603,184. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. NVIDIA Co. has a 1 year low of $86.62 and a 1 year high of $195.95. The stock has a market cap of $3.46 trillion, a P/E ratio of 55.77, a price-to-earnings-growth ratio of 1.76 and a beta of 2.12. The company has a 50 day simple moving average of $118.45 and a 200 day simple moving average of $126.24.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.06). NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The firm had revenue of $44.06 billion during the quarter, compared to analysts' expectations of $43.09 billion. During the same period in the previous year, the business posted $0.61 earnings per share. The company's revenue for the quarter was up 69.2% on a year-over-year basis. Equities research analysts expect that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $0.04 annualized dividend and a yield of 0.03%. NVIDIA's dividend payout ratio (DPR) is 1.29%.

Analyst Upgrades and Downgrades

NVDA has been the subject of a number of research reports. Citigroup reiterated a "buy" rating and issued a $180.00 price objective (up from $150.00) on shares of NVIDIA in a report on Thursday, May 29th. DZ Bank raised NVIDIA from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 28th. Wedbush reiterated an "outperform" rating on shares of NVIDIA in a research report on Thursday, May 29th. Hsbc Global Res lowered shares of NVIDIA from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 3rd. Finally, Morgan Stanley reaffirmed an "overweight" rating and issued a $170.00 price objective (up previously from $160.00) on shares of NVIDIA in a research note on Thursday, May 29th. One research analyst has rated the stock with a sell rating, five have given a hold rating, thirty-six have given a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $171.66.

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.