Crestmont Private Wealth LLC Raises Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

Crestmont Private Wealth LLC boosted its holdings in NVIDIA Co. (NASDAQ:NVDA) by 12.8% during the 4th quarter, Holdings Channel reports. The firm owned 6,941 shares of the computer hardware maker’s stock after acquiring an additional 790 shares during the period. NVIDIA makes up about 0.4% of Crestmont Private Wealth LLC’s investment portfolio, making the stock its 14th largest holding. Crestmont Private Wealth LLC’s holdings in NVIDIA were worth $932,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Oak Thistle LLC raised its holdings in shares of NVIDIA by 267.5% in the 4th quarter. Oak Thistle LLC now owns 14,732 shares of the computer hardware maker’s stock worth $1,978,000 after purchasing an additional 10,723 shares during the period. Floyd Financial Group LLC purchased a new stake in NVIDIA in the fourth quarter worth $7,443,000. Define Financial LLC bought a new stake in shares of NVIDIA in the fourth quarter valued at $589,000. Pines Wealth Management LLC purchased a new position in shares of NVIDIA during the 4th quarter valued at $7,865,000. Finally, Accurate Wealth Management LLC grew its stake in shares of NVIDIA by 8.2% during the 4th quarter. Accurate Wealth Management LLC now owns 85,323 shares of the computer hardware maker’s stock worth $11,603,000 after acquiring an additional 6,466 shares during the period. Institutional investors own 65.27% of the company’s stock.

NVIDIA Stock Down 3.7 %

NVDA stock opened at $120.07 on Friday. NVIDIA Co. has a fifty-two week low of $60.70 and a fifty-two week high of $153.13. The company has a market capitalization of $2.94 trillion, a price-to-earnings ratio of 47.25, a price-to-earnings-growth ratio of 2.23 and a beta of 1.64. The business’s 50 day moving average price is $137.02 and its two-hundred day moving average price is $129.37. 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 (NASDAQ:NVDA) last released its quarterly earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.12. The company had revenue of $35.08 billion for the quarter, compared to analyst estimates of $33.15 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The firm’s revenue was up 93.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.38 earnings per share. As a group, analysts forecast that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Thursday, December 5th were paid a $0.01 dividend. The ex-dividend date was Thursday, December 5th. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. NVIDIA’s payout ratio is 1.57%.

Analyst Upgrades and Downgrades

NVDA has been the topic of a number of research reports. JPMorgan Chase & Co. boosted their price objective on NVIDIA from $155.00 to $170.00 and gave the company an “overweight” rating in a research note on Thursday, November 21st. UBS Group upped their price target on shares of NVIDIA from $150.00 to $185.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of NVIDIA from $115.00 to $140.00 and gave the stock a “hold” rating in a report on Thursday, November 21st. Robert W. Baird boosted their target price on shares of NVIDIA from $150.00 to $190.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $200.00 price target on shares of NVIDIA in a report on Monday, January 27th. Four analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, NVIDIA has a consensus rating of “Moderate Buy” and a consensus target price of $166.23.

Insider Activity at NVIDIA

In related news, EVP Ajay K. Puri sold 36,462 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $151.10, for a total transaction of $5,509,408.20. Following the completion of the transaction, the executive vice president now owns 3,902,888 shares of the company’s stock, valued at $589,726,376.80. This trade represents a 0.93 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John Dabiri sold 716 shares of NVIDIA stock in a transaction on Monday, November 25th. The shares were sold at an average price of $142.00, for a total value of $101,672.00. Following the transaction, the director now owns 19,942 shares of the company’s stock, valued at $2,831,764. The trade was a 3.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,108,348 shares of company stock valued at $146,506,958 in the last three months. Company insiders own 4.23% of the company’s stock.

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.