NVIDIA Co. (NASDAQ:NVDA) Shares Purchased by Caliber Wealth Management LLC
Caliber Wealth Management LLC grew its position in shares of NVIDIA Co. (NASDAQ:NVDA – Get Rating) by 20.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 8,903 shares of the computer hardware maker’s stock after buying an additional 1,492 shares during the period. NVIDIA accounts for 1.7% of Caliber Wealth Management LLC’s holdings, making the stock its 22nd biggest holding. Caliber Wealth Management LLC’s holdings in NVIDIA were worth $2,399,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Marquette Asset Management LLC boosted its holdings in shares of NVIDIA by 300.0% during the third quarter. Marquette Asset Management LLC now owns 120 shares of the computer hardware maker’s stock valued at $25,000 after acquiring an additional 90 shares during the period. HBC Financial Services PLLC grew its stake in shares of NVIDIA by 300.0% in the 3rd quarter. HBC Financial Services PLLC now owns 120 shares of the computer hardware maker’s stock valued at $25,000 after buying an additional 90 shares in the last quarter. Global Trust Asset Management LLC boosted its holdings in shares of NVIDIA by 300.0% during the 3rd quarter. Global Trust Asset Management LLC now owns 124 shares of the computer hardware maker’s stock worth $26,000 after buying an additional 93 shares during the period. First Personal Financial Services boosted its holdings in NVIDIA by 366.7% in the 3rd quarter. First Personal Financial Services now owns 140 shares of the computer hardware maker’s stock valued at $29,000 after purchasing an additional 110 shares during the period. Finally, Baldrige Asset Management LLC increased its position in shares of NVIDIA by 300.0% during the 3rd quarter. Baldrige Asset Management LLC now owns 148 shares of the computer hardware maker’s stock worth $31,000 after purchasing an additional 111 shares in the last quarter. 63.84% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director John Dabiri sold 281 shares of the company’s stock in a transaction on Thursday, December 23rd. The stock was sold at an average price of $297.50, for a total value of $83,597.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jen Hsun Huang sold 440,000 shares of the company’s stock in a transaction on Monday, January 3rd. The shares were sold at an average price of $302.17, for a total value of $132,954,800.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 732,621 shares of company stock worth $202,358,058. Company insiders own 4.47% of the company’s stock.
Shares of NVDA stock traded up $11.20 during midday trading on Friday, hitting $258.86. The company had a trading volume of 1,171,398 shares, compared to its average volume of 50,094,516. The company’s 50 day simple moving average is $243.46 and its 200 day simple moving average is $255.86. NVIDIA Co. has a 52-week low of $122.72 and a 52-week high of $346.47. The stock has a market cap of $647.15 billion, a price-to-earnings ratio of 64.37, a PEG ratio of 2.91 and a beta of 1.41. The company has a debt-to-equity ratio of 0.41, a current ratio of 6.65 and a quick ratio of 6.05.
NVIDIA (NASDAQ:NVDA – Get Rating) last posted its quarterly earnings results on Wednesday, February 16th. The computer hardware maker reported $1.14 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.13. NVIDIA had a return on equity of 42.99% and a net margin of 36.24%. The firm had revenue of $7.64 billion for the quarter, compared to the consensus estimate of $7.43 billion. During the same period in the previous year, the business earned $0.64 earnings per share. The company’s revenue for the quarter was up 52.8% compared to the same quarter last year. Analysts anticipate that NVIDIA Co. will post 4.7 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 24th. Investors of record on Thursday, March 3rd will be paid a $0.04 dividend. The ex-dividend date of this dividend is Wednesday, March 2nd. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.06%. NVIDIA’s dividend payout ratio (DPR) is presently 4.16%.
Several brokerages have commented on NVDA. Sanford C. Bernstein set a $360.00 target price on shares of NVIDIA in a report on Thursday, November 18th. Piper Sandler boosted their price target on NVIDIA from $260.00 to $350.00 and gave the company an “overweight” rating in a research note on Thursday, November 18th. Mizuho upped their price objective on NVIDIA from $335.00 to $345.00 and gave the company a “buy” rating in a research note on Thursday, February 17th. JPMorgan Chase & Co. upped their target price on NVIDIA from $220.00 to $350.00 and gave the company an “overweight” rating in a report on Thursday, November 18th. Finally, Cowen restated an “outperform” rating and set a $350.00 price objective on shares of NVIDIA in a report on Tuesday. Four equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $337.77.
About NVIDIA (Get Rating)
NVIDIA Corporation operates as a visual computing company worldwide. It operates in two segments, Graphics and Compute & Networking. 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 design; GRID software for cloud-based visual and virtual computing; and automotive platforms for infotainment systems.
Further Reading
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