Coldstream Capital Management Inc. Has $78.34 Million Stake in NVIDIA Co. (NASDAQ:NVDA)

Coldstream Capital Management Inc. lifted its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 13.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 630,057 shares of the computer hardware maker’s stock after purchasing an additional 72,548 shares during the quarter. NVIDIA accounts for about 1.7% of Coldstream Capital Management Inc.’s portfolio, making the stock its 12th biggest position. Coldstream Capital Management Inc.’s holdings in NVIDIA were worth $78,339,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Gould Capital LLC raised its holdings in shares of NVIDIA by 10.7% during the third quarter. Gould Capital LLC now owns 2,563 shares of the computer hardware maker’s stock worth $311,000 after acquiring an additional 247 shares during the period. Strait & Sound Wealth Management LLC increased its holdings in NVIDIA by 17.8% during the 3rd quarter. Strait & Sound Wealth Management LLC now owns 77,577 shares of the computer hardware maker’s stock worth $9,421,000 after purchasing an additional 11,711 shares in the last quarter. FRG Family Wealth Advisors LLC raised its stake in shares of NVIDIA by 5.4% in the 3rd quarter. FRG Family Wealth Advisors LLC now owns 21,039 shares of the computer hardware maker’s stock valued at $2,555,000 after purchasing an additional 1,070 shares during the period. First Dallas Securities Inc. lifted its holdings in shares of NVIDIA by 0.3% in the third quarter. First Dallas Securities Inc. now owns 207,314 shares of the computer hardware maker’s stock valued at $25,176,000 after purchasing an additional 680 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of NVIDIA by 2.2% during the third quarter. Geode Capital Management LLC now owns 546,079,492 shares of the computer hardware maker’s stock worth $66,101,133,000 after buying an additional 11,525,969 shares during the period. Institutional investors own 65.27% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on NVDA. Susquehanna lifted their target price on NVIDIA from $160.00 to $180.00 and gave the company a “positive” rating in a research report on Thursday, November 14th. Wedbush lifted their price objective on shares of NVIDIA from $160.00 to $175.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. TD Cowen increased their target price on shares of NVIDIA from $165.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Redburn Atlantic began coverage on shares of NVIDIA in a research report on Tuesday, November 12th. They issued a “buy” rating and a $178.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of NVIDIA from $115.00 to $140.00 and gave the stock a “hold” rating in a research report on Thursday, November 21st. Four analysts have rated the stock with a hold rating, thirty-nine have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $164.63.

NVIDIA Price Performance

NVIDIA stock opened at $137.71 on Tuesday. The stock’s fifty day moving average price is $138.99 and its two-hundred day moving average price is $129.05. The firm has a market cap of $3.37 trillion, a PE ratio of 54.20, a price-to-earnings-growth ratio of 2.45 and a beta of 1.64. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. NVIDIA Co. has a one year low of $56.11 and a one year high of $153.13.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.12. The business had revenue of $35.08 billion during 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%. NVIDIA’s revenue for the quarter was up 93.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.38 earnings per share. As a group, research analysts expect that NVIDIA Co. will post 2.78 EPS for the current fiscal year.

NVIDIA Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Thursday, December 5th were given a dividend of $0.01 per share. The ex-dividend date was Thursday, December 5th. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. NVIDIA’s dividend payout ratio is 1.57%.

Insider Activity at NVIDIA

In other NVIDIA news, CFO Colette Kress sold 66,670 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $135.40, for a total value of $9,027,118.00. Following the sale, the chief financial officer now owns 3,351,572 shares of the company’s stock, valued at approximately $453,802,848.80. This trade represents a 1.95 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Ajay K. Puri sold 36,462 shares of the business’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $151.10, for a total value of $5,509,408.20. Following the transaction, the executive vice president now directly owns 3,902,888 shares of the company’s stock, valued at $589,726,376.80. This trade represents a 0.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,108,348 shares of company stock valued at $146,506,958 over the last three months. 4.23% of the stock is owned by insiders.

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.