Capital Investment Counsel LLC Purchases 3,552 Shares of NVIDIA Co. (NASDAQ:NVDA)

Capital Investment Counsel LLC lifted its stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 38.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,859 shares of the computer hardware maker's stock after acquiring an additional 3,552 shares during the quarter. Capital Investment Counsel LLC's holdings in NVIDIA were worth $1,727,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of NVDA. Hoertkorn Richard Charles boosted its position in NVIDIA by 2.0% during the third quarter. Hoertkorn Richard Charles now owns 3,490 shares of the computer hardware maker's stock valued at $424,000 after purchasing an additional 70 shares during the last quarter. Smart Portfolios LLC boosted its position in NVIDIA by 2.7% during the third quarter. Smart Portfolios LLC now owns 2,805 shares of the computer hardware maker's stock valued at $341,000 after purchasing an additional 75 shares during the last quarter. Palisade Asset Management LLC boosted its position in NVIDIA by 0.5% during the third quarter. Palisade Asset Management LLC now owns 15,363 shares of the computer hardware maker's stock valued at $1,866,000 after purchasing an additional 75 shares during the last quarter. Kwmg LLC boosted its position in NVIDIA by 0.6% during the fourth quarter. Kwmg LLC now owns 13,067 shares of the computer hardware maker's stock valued at $1,755,000 after purchasing an additional 77 shares during the last quarter. Finally, Total Wealth Planning LLC boosted its position in NVIDIA by 3.6% during the third quarter. Total Wealth Planning LLC now owns 2,275 shares of the computer hardware maker's stock valued at $276,000 after purchasing an additional 78 shares during the last quarter. 65.27% of the stock is owned by institutional investors.

Insider Activity at NVIDIA

In related news, Director Tench Coxe sold 1,000,000 shares of the firm's stock in a transaction on Monday, December 16th. The stock was sold at an average price of $131.26, for a total transaction of $131,260,000.00. Following the sale, the director now owns 28,671,360 shares of the company's stock, valued at $3,763,402,713.60. This trade represents a 3.37 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director John Dabiri sold 716 shares of the firm's 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 sale, the director now directly owns 19,942 shares in the company, valued at approximately $2,831,764. This trade represents a 3.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,108,348 shares of company stock valued at $146,506,958 in the last 90 days. 4.23% of the stock is owned by corporate insiders.

NVIDIA Price Performance

Shares of NVDA stock traded down $5.76 during trading hours on Friday, reaching $134.35. The company's stock had a trading volume of 226,998,737 shares, compared to its average volume of 286,691,776. The firm's 50 day simple moving average is $134.66 and its 200-day simple moving average is $131.33. The company has a market capitalization of $3.29 trillion, a price-to-earnings ratio of 52.87, a PEG ratio of 1.76 and a beta of 1.62. NVIDIA Co. has a fifty-two week low of $74.22 and a fifty-two week high of $153.13. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share for the quarter, beating analysts' consensus estimates of $0.69 by $0.12. The firm had revenue of $35.08 billion for the quarter, compared to the consensus estimate of $33.15 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The company's revenue was up 93.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.38 EPS. Sell-side analysts forecast that NVIDIA Co. will post 2.77 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Barclays increased their price target on NVIDIA from $160.00 to $175.00 and gave the company an "overweight" rating in a research report on Friday, January 17th. Truist Financial upped their price objective on NVIDIA from $148.00 to $167.00 and gave the company a "buy" rating in a research note on Tuesday, November 19th. Morgan Stanley dropped their price objective on NVIDIA from $166.00 to $152.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 28th. Stifel Nicolaus upped their price objective on NVIDIA from $165.00 to $180.00 and gave the company a "buy" rating in a research note on Tuesday, November 19th. Finally, Citigroup upped their price objective on NVIDIA from $170.00 to $175.00 and gave the company a "buy" rating in a research note on Thursday, November 21st. Four research analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $168.21.

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.