Callan Family Office LLC Increases Stock Position in NVIDIA Co. (NASDAQ:NVDA)

Callan Family Office LLC raised its holdings in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 794.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 403,461 shares of the computer hardware maker's stock after acquiring an additional 358,365 shares during the period. NVIDIA makes up 3.4% of Callan Family Office LLC's holdings, making the stock its 4th largest position. Callan Family Office LLC's holdings in NVIDIA were worth $54,181,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Tacita Capital Inc bought a new position in NVIDIA during the 4th quarter valued at $28,000. Legend Financial Advisors Inc. acquired a new stake in shares of NVIDIA in the fourth quarter valued at $34,000. Vision Financial Markets LLC bought a new position in NVIDIA during the fourth quarter valued at about $38,000. Luken Investment Analytics LLC acquired a new position in NVIDIA during the fourth quarter worth about $40,000. Finally, Lowe Wealth Advisors LLC bought a new stake in NVIDIA in the fourth quarter worth about $46,000. Institutional investors own 65.27% of the company's stock.

Insiders Place Their Bets

In related news, Director Aarti S. Shah sold 20,000 shares of the business's stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $118.42, for a total value of $2,368,400.00. Following the completion of the transaction, the director now directly owns 53,208 shares in the company, valued at approximately $6,300,891.36. The trade was a 27.32 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Colette Kress sold 66,660 shares of NVIDIA stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $116.83, for a total transaction of $7,787,887.80. Following the completion of the transaction, the chief financial officer now directly owns 3,085,765 shares in the company, valued at approximately $360,509,924.95. The trade was a 2.11 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 147,147 shares of company stock worth $17,133,207. Corporate insiders own 4.23% of the company's stock.

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Analyst Upgrades and Downgrades

NVDA has been the subject of several research reports. Citigroup reduced 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. William Blair restated an "outperform" rating on shares of NVIDIA in a research report on Thursday, March 20th. Bank of America reaffirmed a "buy" rating and issued a $200.00 price target on shares of NVIDIA in a report on Wednesday, March 19th. Rosenblatt Securities reissued a "buy" rating and set a $220.00 price objective on shares of NVIDIA in a research note on Wednesday, March 19th. Finally, TD Cowen cut their target price on NVIDIA from $175.00 to $140.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. Six investment analysts have rated the stock with a hold rating, thirty-six have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $168.26.

NVIDIA Trading Up 0.7 %

NASDAQ:NVDA traded up $0.75 during trading hours on Tuesday, hitting $111.46. 44,197,914 shares of the stock were exchanged, compared to its average volume of 313,106,903. The company has a market capitalization of $2.72 trillion, a P/E ratio of 43.68, a price-to-earnings-growth ratio of 1.76 and a beta of 1.96. NVIDIA Co. has a twelve month low of $75.61 and a twelve month high of $195.95. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. The company's 50 day moving average is $118.67 and its two-hundred day moving average is $130.33.

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

NVIDIA Dividend Announcement

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

About NVIDIA

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.