Castle Rock Wealth Management LLC acquired a new position in NVIDIA Co. (NASDAQ:NVDA) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 8,326 shares of the computer hardware maker’s stock, valued at approximately $1,611,000. NVIDIA accounts for approximately 3.1% of Castle Rock Wealth Management LLC’s investment portfolio, making the stock its 3rd biggest position.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Welch Investments LLC purchased a new position in NVIDIA during the third quarter valued at $104,000. Country Trust Bank grew its stake in NVIDIA by 490.0% during the fourth quarter. Country Trust Bank now owns 590 shares of the computer hardware maker’s stock valued at $114,000 after acquiring an additional 490 shares in the last quarter. Global Trust Asset Management LLC purchased a new position in NVIDIA during the fourth quarter valued at $116,000. North Star Investment Management Corp. grew its stake in NVIDIA by 67.3% during the fourth quarter. North Star Investment Management Corp. now owns 634 shares of the computer hardware maker’s stock valued at $123,000 after acquiring an additional 255 shares in the last quarter. Finally, JFS Wealth Advisors LLC grew its stake in NVIDIA by 156.3% during the fourth quarter. JFS Wealth Advisors LLC now owns 820 shares of the computer hardware maker’s stock valued at $159,000 after acquiring an additional 500 shares in the last quarter. 62.70% of the stock is owned by hedge funds and other institutional investors.

In related news, CFO Colette Kress sold 171 shares of NVIDIA stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $185.57, for a total transaction of $31,732.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Dawn E. Hudson sold 3,052 shares of NVIDIA stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $214.39, for a total transaction of $654,318.28. Following the sale, the director now owns 28,816 shares of the company’s stock, valued at approximately $6,177,862.24. The disclosure for this sale can be found here. Insiders have sold a total of 22,165 shares of company stock valued at $4,970,569 in the last quarter. 5.82% of the stock is currently owned by company insiders.

NVDA has been the subject of several research analyst reports. Needham & Company LLC raised their target price on shares of NVIDIA to $300.00 in a research note on Friday, February 9th. Vetr raised shares of NVIDIA from a “hold” rating to a “buy” rating and set a $203.56 target price for the company in a research note on Wednesday, October 25th. Jefferies Group raised their target price on shares of NVIDIA from $180.00 to $230.00 and gave the company a “buy” rating in a research note on Monday, October 23rd. B. Riley raised their target price on shares of NVIDIA from $200.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, November 6th. Finally, SunTrust Banks raised their target price on shares of NVIDIA to $253.00 and gave the company a “buy” rating in a research note on Friday, November 10th. Four equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $210.77.

Shares of NVIDIA Co. (NASDAQ NVDA) opened at $241.42 on Thursday. The stock has a market cap of $146,300.00, a PE ratio of 49.98, a PEG ratio of 3.65 and a beta of 1.43. The company has a quick ratio of 7.34, a current ratio of 8.03 and a debt-to-equity ratio of 0.27. NVIDIA Co. has a twelve month low of $95.17 and a twelve month high of $249.27.

NVIDIA (NASDAQ:NVDA) last released its earnings results on Thursday, February 8th. The computer hardware maker reported $1.72 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.16 by $0.56. NVIDIA had a net margin of 31.36% and a return on equity of 45.02%. The firm had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.67 billion. During the same quarter last year, the business earned $1.13 EPS. The business’s revenue was up 34.0% on a year-over-year basis. research analysts expect that NVIDIA Co. will post 6.22 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, February 23rd will be issued a dividend of $0.15 per share. The ex-dividend date is Thursday, February 22nd. This represents a $0.60 dividend on an annualized basis and a yield of 0.25%. NVIDIA’s payout ratio is 12.42%.

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About NVIDIA

Nvidia Corporation focuses on personal computer (PC) graphics, graphics processing unit (GPU) and also on artificial intelligence (AI). The Company’s operates through two segments: GPU and Tegra Processor. The Company’s GPU product brands are aimed at specialized markets, including GeForce for gamers; Quadro for designers; Tesla and DGX for AI data scientists and big data researchers; and GRID for cloud-based visual computing users.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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