CKW Financial Group Cuts Holdings in NVIDIA Co. (NASDAQ:NVDA)

CKW Financial Group lowered its stake in NVIDIA Co. (NASDAQ:NVDA) by 17.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,087 shares of the computer hardware maker’s stock after selling 2,081 shares during the period. NVIDIA accounts for approximately 0.7% of CKW Financial Group’s holdings, making the stock its 9th biggest holding. CKW Financial Group’s holdings in NVIDIA were worth $4,995,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in NVDA. LFA Lugano Financial Advisors SA purchased a new position in NVIDIA during the fourth quarter valued at $28,000. Peoples Financial Services CORP. purchased a new position in NVIDIA during the third quarter valued at $30,000. Your Advocates Ltd. LLP purchased a new position in NVIDIA during the third quarter valued at $30,000. Quarry LP purchased a new position in shares of NVIDIA in the 1st quarter worth about $34,000. Finally, Compass Wealth Management LLC purchased a new position in shares of NVIDIA in the 4th quarter worth about $39,000. Institutional investors own 65.27% of the company’s stock.

Insider Transactions at NVIDIA

In other NVIDIA news, Director Mark A. Stevens sold 10,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the director now owns 1,124,583 shares in the company, valued at approximately $896,933,663.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Donald F. Robertson, Jr. sold 450 shares of the company’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $911.62, for a total transaction of $410,229.00. Following the sale, the insider now owns 49,815 shares of the company’s stock, valued at $45,412,350.30. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Mark A. Stevens sold 10,000 shares of the stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $797.57, for a total transaction of $7,975,700.00. Following the transaction, the director now owns 1,124,583 shares of the company’s stock, valued at approximately $896,933,663.31. The disclosure for this sale can be found here. Over the last three months, insiders have sold 61,278 shares of company stock valued at $52,689,898. 3.99% of the stock is currently owned by insiders.

NVIDIA Stock Up 0.8 %

Shares of NVDA opened at $846.71 on Friday. NVIDIA Co. has a 12-month low of $262.25 and a 12-month high of $974.00. The company has a current ratio of 4.17, a quick ratio of 3.67 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $2.12 trillion, a PE ratio of 70.91, a price-to-earnings-growth ratio of 1.26 and a beta of 1.73. The business’s 50 day moving average is $843.90 and its 200 day moving average is $620.05.

NVIDIA (NASDAQ:NVDA) last released its earnings results 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 for the quarter, compared to the consensus estimate of $20.40 billion. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The company’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 earnings per share. Research analysts expect that NVIDIA Co. will post 22.45 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 6th were given a dividend of $0.04 per share. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.02%. NVIDIA’s payout ratio is 1.34%.

Analysts Set New Price Targets

Several research firms have recently issued reports on NVDA. JPMorgan Chase & Co. lifted their price target on NVIDIA from $650.00 to $850.00 and gave the stock an “overweight” rating in a research report on Thursday, February 22nd. Morgan Stanley lifted their price target on NVIDIA from $795.00 to $1,000.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 10th. UBS Group lifted their price target on NVIDIA from $800.00 to $1,100.00 and gave the stock a “buy” rating in a research report on Friday, March 22nd. KeyCorp lifted their price target on NVIDIA from $1,100.00 to $1,200.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $900.00 price target on shares of NVIDIA in a research report on Monday, March 4th. Four investment analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, NVIDIA has an average rating of “Moderate Buy” and an average price target of $940.30.

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.