Cwm LLC Purchases 24,539 Shares of NVIDIA Co. (NASDAQ:NVDA)

Cwm LLC raised its stake in NVIDIA Co. (NASDAQ:NVDA) by 14.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 193,803 shares of the computer hardware maker’s stock after buying an additional 24,539 shares during the quarter. Cwm LLC’s holdings in NVIDIA were worth $95,975,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. LFA Lugano Financial Advisors SA acquired a new stake in shares of NVIDIA during the fourth quarter worth about $28,000. Criterion Capital Advisors LLC acquired a new stake in NVIDIA in the 4th quarter valued at approximately $28,000. Your Advocates Ltd. LLP acquired a new stake in NVIDIA in the 3rd quarter valued at approximately $30,000. O Brien Wealth Partners LLC raised its position in NVIDIA by 139.5% in the 4th quarter. O Brien Wealth Partners LLC now owns 91 shares of the computer hardware maker’s stock valued at $45,000 after buying an additional 53 shares during the last quarter. Finally, Trivant Custom Portfolio Group LLC raised its position in NVIDIA by 44.1% in the 3rd quarter. Trivant Custom Portfolio Group LLC now owns 98 shares of the computer hardware maker’s stock valued at $43,000 after buying an additional 30 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

Analyst Upgrades and Downgrades

NVDA has been the subject of a number of analyst reports. Morgan Stanley raised their price target on NVIDIA from $795.00 to $1,000.00 and gave the company an “overweight” rating in a research note on Wednesday, April 10th. Piper Sandler boosted their price target on NVIDIA from $850.00 to $1,050.00 and gave the company an “overweight” rating in a research note on Wednesday, March 20th. Jefferies Financial Group boosted their price target on NVIDIA from $610.00 to $780.00 and gave the company a “buy” rating in a research note on Thursday, February 22nd. CICC Research started coverage on NVIDIA in a report on Wednesday, March 6th. They issued an “outperform” rating and a $870.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on NVIDIA from $720.00 to $850.00 and gave the company a “hold” rating in a report on Wednesday, March 20th. Four analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $940.30.

Insider Buying and Selling

In related news, insider Donald F. Robertson, Jr. sold 450 shares of NVIDIA stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $911.62, for a total transaction of $410,229.00. Following the sale, the insider now directly owns 49,815 shares in the company, valued at $45,412,350.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other NVIDIA news, Director John Dabiri sold 128 shares of the firm’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of $940.00, for a total value of $120,320.00. Following the completion of the sale, the director now directly owns 2,055 shares of the company’s stock, valued at $1,931,700. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Donald F. Robertson, Jr. sold 450 shares of the firm’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $911.62, for a total value of $410,229.00. Following the completion of the sale, the insider now directly owns 49,815 shares of the company’s stock, valued at $45,412,350.30. The disclosure for this sale can be found here. Over the last three months, insiders have sold 61,278 shares of company stock worth $52,689,898. 3.99% of the stock is owned by company insiders.

NVIDIA Stock Up 0.0 %

NVDA stock opened at $877.57 on Tuesday. The company has a market cap of $2.19 trillion, a P/E ratio of 73.50, a price-to-earnings-growth ratio of 1.26 and a beta of 1.73. NVIDIA Co. has a fifty-two week low of $272.40 and a fifty-two week high of $974.00. The stock’s 50 day simple moving average is $857.43 and its 200 day simple moving average is $640.64. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.67 and a current ratio of 4.17.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Wednesday, February 21st. The computer hardware maker reported $5.16 EPS for the quarter, topping the consensus estimate of $4.21 by $0.95. The firm had revenue of $22.10 billion during the quarter, compared to the consensus estimate of $20.40 billion. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The company’s quarterly revenue was up 265.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.65 earnings per share. On average, research analysts expect that NVIDIA Co. will post 22.55 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 6th were issued a dividend of $0.04 per share. The ex-dividend date was Tuesday, March 5th. This represents a $0.16 dividend on an annualized basis and a yield of 0.02%. NVIDIA’s dividend payout ratio (DPR) is currently 1.34%.

NVIDIA Company 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.