NVIDIA Co. (NASDAQ:NVDA) is CloudAlpha Capital Management Limited Hong Kong’s 7th Largest Position

CloudAlpha Capital Management Limited Hong Kong decreased its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 59.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 65,400 shares of the computer hardware maker’s stock after selling 95,450 shares during the quarter. NVIDIA accounts for approximately 3.0% of CloudAlpha Capital Management Limited Hong Kong’s portfolio, making the stock its 7th largest position. CloudAlpha Capital Management Limited Hong Kong’s holdings in NVIDIA were worth $32,387,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Moody Lynn & Lieberson LLC boosted its stake in NVIDIA by 7.2% in the third quarter. Moody Lynn & Lieberson LLC now owns 89,053 shares of the computer hardware maker’s stock worth $38,737,000 after buying an additional 5,998 shares in the last quarter. TrueMark Investments LLC purchased a new stake in shares of NVIDIA during the fourth quarter valued at approximately $2,639,000. McLean Asset Management Corp boosted its stake in shares of NVIDIA by 11.7% during the fourth quarter. McLean Asset Management Corp now owns 1,773 shares of the computer hardware maker’s stock valued at $871,000 after purchasing an additional 186 shares during the period. Cornercap Investment Counsel Inc. boosted its stake in shares of NVIDIA by 5.7% during the fourth quarter. Cornercap Investment Counsel Inc. now owns 3,900 shares of the computer hardware maker’s stock valued at $1,931,000 after purchasing an additional 209 shares during the period. Finally, Shilanski & Associates Inc. boosted its stake in shares of NVIDIA by 15.9% during the fourth quarter. Shilanski & Associates Inc. now owns 2,983 shares of the computer hardware maker’s stock valued at $1,477,000 after purchasing an additional 410 shares during the period. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on NVDA shares. Stifel Nicolaus reissued a “buy” rating and set a $910.00 price objective on shares of NVIDIA in a research note on Wednesday, March 20th. HSBC increased their price objective on NVIDIA from $880.00 to $1,050.00 and gave the company a “buy” rating in a research note on Monday, March 18th. Oppenheimer increased their price objective on NVIDIA from $850.00 to $1,100.00 and gave the company an “outperform” rating in a research note on Wednesday, March 20th. Loop Capital began coverage on NVIDIA in a report on Friday, February 16th. They set a “buy” rating and a $1,200.00 target price for the company. Finally, Wolfe Research raised their price target on NVIDIA from $630.00 to $900.00 and gave the stock an “outperform” rating in a research note on Thursday, February 22nd. Four investment analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, NVIDIA presently has a consensus rating of “Moderate Buy” and a consensus target price of $940.30.

Insider Buying and Selling

In related news, Director Mark A. Stevens sold 22,700 shares of NVIDIA stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $879.97, for a total value of $19,975,319.00. Following the completion of the sale, the director now directly owns 1,052,133 shares in the company, valued at approximately $925,845,476.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other NVIDIA news, Director Mark A. Stevens sold 10,000 shares of the business’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $797.57, for a total transaction of $7,975,700.00. Following the completion of the sale, the director now directly owns 1,124,583 shares in the company, valued at approximately $896,933,663.31. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Mark A. Stevens sold 22,700 shares of the business’s stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $879.97, for a total value of $19,975,319.00. Following the sale, the director now owns 1,052,133 shares of the company’s stock, valued at $925,845,476.01. The disclosure for this sale can be found here. In the last ninety days, insiders sold 61,278 shares of company stock worth $52,689,898. 3.99% of the stock is owned by corporate insiders.

NVIDIA Price Performance

NVDA opened at $877.35 on Friday. The stock has a 50-day moving average price of $854.40 and a 200-day moving average price of $635.34. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.17 and a quick ratio of 3.67. The firm has a market cap of $2.19 trillion, a PE ratio of 73.48, a P/E/G ratio of 1.14 and a beta of 1.73. NVIDIA Co. has a 1 year low of $266.25 and a 1 year high of $974.00.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share (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 analyst estimates of $20.40 billion. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. NVIDIA’s quarterly revenue was up 265.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.65 EPS. Sell-side analysts predict that NVIDIA Co. will post 22.55 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 6th were issued a $0.04 dividend. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $0.16 annualized dividend and a yield of 0.02%. NVIDIA’s payout ratio is 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.