Opinicus Capital Inc. Acquires New Stake in NVIDIA Co. (NASDAQ:NVDA)

Opinicus Capital Inc. bought a new stake in NVIDIA Co. (NASDAQ:NVDA) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 5,883 shares of the computer hardware maker’s stock, valued at approximately $2,913,000. NVIDIA makes up about 3.0% of Opinicus Capital Inc.’s investment portfolio, making the stock its 6th largest position.

A number of other hedge funds and other institutional investors have also modified their holdings of NVDA. Wendell David Associates Inc. boosted its position in shares of NVIDIA by 53.6% in the third quarter. Wendell David Associates Inc. now owns 1,289 shares of the computer hardware maker’s stock worth $561,000 after acquiring an additional 450 shares during the last quarter. Highview Capital Management LLC DE grew its stake in shares of NVIDIA by 60.9% during the 3rd quarter. Highview Capital Management LLC DE now owns 4,070 shares of the computer hardware maker’s stock valued at $1,770,000 after buying an additional 1,541 shares during the period. Pettee Investors Inc. raised its position in shares of NVIDIA by 3.8% in the 3rd quarter. Pettee Investors Inc. now owns 6,080 shares of the computer hardware maker’s stock worth $2,645,000 after buying an additional 220 shares during the period. Walter & Keenan Wealth Management LLC IN ADV boosted its holdings in NVIDIA by 29.6% in the third quarter. Walter & Keenan Wealth Management LLC IN ADV now owns 1,959 shares of the computer hardware maker’s stock valued at $852,000 after acquiring an additional 447 shares during the last quarter. Finally, HCR Wealth Advisors increased its stake in NVIDIA by 1.0% during the third quarter. HCR Wealth Advisors now owns 18,377 shares of the computer hardware maker’s stock worth $7,994,000 after acquiring an additional 188 shares during the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other NVIDIA news, Director John Dabiri sold 128 shares of the business’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $940.00, for a total value of $120,320.00. Following the sale, the director now directly owns 2,055 shares in the company, valued at $1,931,700. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other NVIDIA news, Director John Dabiri sold 128 shares of the company’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 transaction, the director now owns 2,055 shares of the company’s stock, valued at $1,931,700. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, 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 value of $410,229.00. Following the completion of the transaction, the insider now owns 49,815 shares in the company, valued at $45,412,350.30. The disclosure for this sale can be found here. Insiders sold a total of 61,278 shares of company stock worth $52,689,898 over the last 90 days. 3.99% of the stock is currently owned by company insiders.

NVIDIA Trading Up 3.5 %

NASDAQ:NVDA opened at $887.89 on Monday. The stock has a market cap of $2.22 trillion, a price-to-earnings ratio of 74.36, a PEG ratio of 1.27 and a beta of 1.75. The business has a fifty day moving average of $867.38 and a 200-day moving average of $652.35. NVIDIA Co. has a 1 year low of $272.40 and a 1 year high of $974.00. 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 released its quarterly earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 EPS for the quarter, topping analysts’ consensus estimates of $4.21 by $0.95. The company 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%. NVIDIA’s revenue was up 265.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.65 EPS. Equities analysts predict that NVIDIA Co. will post 22.55 earnings per share for the current year.

NVIDIA Dividend Announcement

The company also recently declared 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. This represents a $0.16 annualized dividend and a dividend yield of 0.02%. The ex-dividend date was Tuesday, March 5th. NVIDIA’s dividend payout ratio (DPR) is presently 1.34%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on NVDA. Argus increased their target price on shares of NVIDIA from $850.00 to $950.00 and gave the stock a “buy” rating in a research report on Wednesday, March 20th. Susquehanna reaffirmed a “positive” rating and set a $1,050.00 price target on shares of NVIDIA in a research report on Thursday, April 4th. Morgan Stanley raised their price objective on NVIDIA from $795.00 to $1,000.00 and gave the company an “overweight” rating in a research report on Wednesday, April 10th. Evercore ISI initiated coverage on NVIDIA in a report on Tuesday, April 16th. They set an “outperform” rating and a $1,160.00 target price on the stock. Finally, Benchmark reiterated a “buy” rating and set a $1,000.00 price objective on shares of NVIDIA in a research note on Wednesday, March 20th. Four analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $941.55.

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.