Caprock Group LLC Adjusts NVIDIA Co. Stake

Caprock Group LLC has made a slight adjustment to its investment in NVIDIA Co. (NASDAQ: NVDA) by reducing its stake by 1.8% during the last quarter of the year. According to reports from Holdings Channel.com, this led to the firm holding only 667,529 shares of NVIDIA after selling 12,289 shares during that time. Interestingly, NVIDIA now makes up about 2.9% of Caprock’s overall investment portfolio, positioning it as the fifth largest holding within the company’s investments.

As of the end of the most recent quarter, Caprock Group LLC's investment in NVIDIA was valued approximately at $89,643,000, reflecting a significant commitment to the tech company, which specializes in computer hardware and graphics processing units.

Other institutional investors are also showing interest in NVIDIA stocks. For instance, Palisade Asset Management LLC saw a minor increase in its NVIDIA holdings by 0.5% in the third quarter, owning 15,363 shares valued at roughly $1,866,000 after adding 75 shares to its portfolio. Similarly, Blue Square Asset Management LLC boosted its NVIDIA position by 26.7% during the third quarter, totaling 48,093 shares worth about $5,840,000 following the acquisition of an extra 10,136 shares.

Narwhal Capital Management also raised its stake by 5.1%, leading to ownership of 545,676 shares valued at $66,267,000 after purchasing 26,373 additional shares. Unique Wealth LLC increased its holdings as well by 10% in the fourth quarter, acquiring 3,428 shares, bringing their total to 37,629 shares worth $5,053,000. Additionally, Tybourne Capital Management HK Ltd. significantly raised its investment by 46.7% in the third quarter, bringing their total holdings to 16,826 shares valued at $2,043,000.

Overall, institutional investors retain approximately 65.27% of the shares in NVIDIA, showing strong confidence in the company's growth.

Wall Street Analysts' Perspectives

In analyzing the stock's future, various research analysts have set optimistic price targets for NVIDIA. For example, Melius Research recently raised its price target for NVIDIA from $165.00 to $185.00, maintaining a “buy” rating. Similarly, Raymond James boosted its target from $140.00 to $170.00, giving NVIDIA a “strong-buy” rating. Needham & Company LLC also raised their target from $145.00 to $160.00 with a “buy” rating.

Moreover, Redburn Atlantic initiated coverage on NVIDIA, assigning a target price of $178.00 with a “buy” rating, while Stifel Nicolaus increased its target price to $180.00 and reaffirmed a “buy” status. Currently, the consensus from analysts shows that there is a strong inclination toward buying the stock, with 38 analysts rated it as a “buy” and just one as a “strong buy.” Based on the available data, the average target price for NVIDIA shares stands at $168.21, reflecting positive market sentiment.

Insider Transactions and Activities

In light of recent insider activities, EVP Ajay K. Puri sold 36,462 shares on January 6, resulting in a total transaction value of approximately $5,509,408.20. Following this sale, Puri now holds 3,902,888 shares of NVIDIA, valued at around $589,726,376.80. This sale represents a 0.93% decrease in his overall position. Additionally, Donald F. Robertson, Jr. sold 4,500 shares on December 13, totaling about $608,760.00, resulting in a similar decrease in his holdings.

Within a 90-day period, insiders have sold roughly 1,107,632 shares total, amounting to $146,405,286. Presently, 4.23% of NVIDIA’s stock is owned by insiders, indicating some level of insider trading activity.

NVIDIA's Market Performance Overview

On the market, NVIDIA stock opened at $131.28 on a recent Thursday. The company is performing well, showing a quick ratio of 3.64, a current ratio of 4.10, and a low debt-to-equity ratio of 0.13. With a market cap of approximately $3.22 trillion, NVIDIA has a P/E ratio of 51.66, a PEG ratio of 1.76, and a beta of 1.62. The stock's 50-day moving average price is around $134.60, while the 200-day moving average stands at $131.89. Over the past year, shares have witnessed lows of $75.61 and highs of $153.13.

NVIDIA Declares Quarterly Dividend

The firm has also recently announced its quarterly dividend, which is set to be paid on April 2. Shareholders on record as of March 12 will receive a dividend of $0.01 per share, which translates to an annualized payment of $0.04, yielding approximately 0.03%. Notably, NVIDIA's current payout ratio is 1.57%, indicating a sustainable dividend policy.

About NVIDIA Corporation

NVIDIA Corporation is a leader in providing graphics, compute, and networking solutions across several regions, including the United States, Taiwan, and Hong Kong. The company's Graphics segment is known for its GeForce GPUs designed for gaming and PCs, as well as its GeForce NOW game streaming service. NVIDIA also offers solutions for enterprise graphics workstations, cloud-based visual software, automotive platforms, and metaverse applications.

NVIDIA, investment, portfolio, stocks