NVIDIA Co. (NASDAQ:NVDA) is Chatham Capital Group Inc.'s 2nd Largest Position

Chatham Capital Group Inc. lowered its stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 3.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 211,875 shares of the computer hardware maker's stock after selling 7,652 shares during the period. NVIDIA accounts for 4.7% of Chatham Capital Group Inc.'s investment portfolio, making the stock its 2nd biggest holding. Chatham Capital Group Inc.'s holdings in NVIDIA were worth $28,453,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. E Fund Management Co. Ltd. increased its stake in shares of NVIDIA by 45.2% in the fourth quarter. E Fund Management Co. Ltd. now owns 885,764 shares of the computer hardware maker's stock worth $118,949,000 after purchasing an additional 275,898 shares in the last quarter. Candriam S.C.A. lifted its position in shares of NVIDIA by 0.5% during the fourth quarter. Candriam S.C.A. now owns 7,061,058 shares of the computer hardware maker's stock worth $948,229,000 after acquiring an additional 35,684 shares in the last quarter. Chung Wu Investment Group LLC purchased a new position in shares of NVIDIA in the fourth quarter valued at $7,284,000. Vestmark Advisory Solutions Inc. lifted its holdings in NVIDIA by 9.2% during the 4th quarter. Vestmark Advisory Solutions Inc. now owns 108,085 shares of the computer hardware maker's stock worth $14,515,000 after purchasing an additional 9,091 shares in the last quarter. Finally, Blue Barn Wealth LLC boosted its stake in NVIDIA by 43.8% in the 4th quarter. Blue Barn Wealth LLC now owns 9,303 shares of the computer hardware maker's stock worth $1,249,000 after purchasing an additional 2,835 shares during the period. 65.27% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

NVDA has been the subject of a number of analyst reports. Citigroup cut their price objective on shares of NVIDIA from $163.00 to $150.00 and set a "buy" rating for the company in a research report on Friday. Wedbush reaffirmed an "outperform" rating and set a $175.00 target price on shares of NVIDIA in a report on Thursday, February 20th. Truist Financial boosted their price target on shares of NVIDIA from $204.00 to $205.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Rosenblatt Securities reaffirmed a "buy" rating and set a $220.00 price objective on shares of NVIDIA in a research note on Wednesday, March 19th. Finally, DZ Bank upgraded NVIDIA from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 28th. Six investment analysts have rated the stock with a hold rating, thirty-six have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, NVIDIA has a consensus rating of "Moderate Buy" and an average price target of $168.26.

Insiders Place Their Bets

In related news, Director Robert K. Burgess sold 53,324 shares of the stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $115.49, for a total value of $6,158,388.76. Following the transaction, the director now owns 251,044 shares in the company, valued at approximately $28,993,071.56. This represents a 17.52 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the company's stock in a transaction on Friday, March 21st. The shares were sold at an average price of $116.80, for a total transaction of $525,600.00. Following the completion of the sale, the insider now directly owns 479,428 shares in the company, valued at $55,997,190.40. This trade represents a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 147,147 shares of company stock worth $17,133,207 over the last 90 days. Company insiders own 4.23% of the company's stock.

NVIDIA Trading Up 0.7 %

NVDA stock traded up $0.75 during mid-day trading on Tuesday, reaching $111.46. The company had a trading volume of 44,197,914 shares, compared to its average volume of 313,106,903. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. The company has a market capitalization of $2.72 trillion, a PE ratio of 43.68, a price-to-earnings-growth ratio of 1.76 and a beta of 1.96. The firm has a 50 day moving average of $118.67 and a 200 day moving average of $130.33. NVIDIA Co. has a 12 month low of $75.61 and a 12 month high of $195.95.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.84 by $0.05. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The business had revenue of $39.33 billion for the quarter, compared to the consensus estimate of $38.16 billion. On average, equities analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.04%. The ex-dividend date of this dividend was Wednesday, March 12th. NVIDIA's dividend payout ratio (DPR) is 1.36%.

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.