Arvest Bank Trust Division Boosts Stake in NVIDIA Co. (NASDAQ:NVDA)

Arvest Bank Trust Division grew its position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 17.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 38,269 shares of the computer hardware maker's stock after acquiring an additional 5,650 shares during the period. Arvest Bank Trust Division's holdings in NVIDIA were worth $5,139,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Tacita Capital Inc bought a new position in NVIDIA in the fourth quarter worth $28,000. Legend Financial Advisors Inc. bought a new position in NVIDIA in the fourth quarter worth $34,000. Vision Financial Markets LLC bought a new position in NVIDIA in the fourth quarter worth $38,000. Luken Investment Analytics LLC bought a new position in NVIDIA in the fourth quarter worth $40,000. Finally, Lowe Wealth Advisors LLC bought a new position in NVIDIA in the fourth quarter worth $46,000. Hedge funds and other 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 firm's stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $118.42, for a total transaction of $2,368,400.00. Following the sale, the director now directly owns 53,208 shares of the company's stock, valued at $6,300,891.36. This trade represents a 27.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Colette Kress sold 66,660 shares of the firm's stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $116.83, for a total value of $7,787,887.80. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 147,147 shares of company stock valued at $17,133,207. 4.23% of the stock is currently owned by corporate insiders.

NVIDIA Trading Up 0.4%

Shares of NASDAQ NVDA traded up $0.57 during trading hours on Friday, hitting $135.40. 221,859,039 shares of the company traded hands, compared to its average volume of 294,990,945. The company's 50 day moving average price is $111.80 and its 200 day moving average price is $127.10. The stock has a market capitalization of $3.31 trillion, a price-to-earnings ratio of 53.29, a price-to-earnings-growth ratio of 1.76 and a beta of 2.11. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. NVIDIA Co. has a 12 month low of $86.62 and a 12 month high of $195.95.

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

NVIDIA Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.03%. The ex-dividend date of this dividend was Wednesday, March 12th. NVIDIA's dividend payout ratio is presently 1.36%.

Wall Street Analysts Forecast Growth

NVDA has been the subject of a number of research reports. Benchmark reiterated a "buy" rating and issued a $190.00 price objective on shares of NVIDIA in a report on Wednesday, March 19th. Cantor Fitzgerald restated an "overweight" rating and set a $200.00 price target on shares of NVIDIA in a report on Wednesday, April 16th. Citigroup restated a "buy" rating on shares of NVIDIA in a report on Wednesday, April 16th. Seaport Res Ptn upgraded NVIDIA to a "strong sell" rating in a report on Wednesday, April 30th. Finally, Bank of America increased their price objective on NVIDIA from $150.00 to $160.00 and gave the company a "buy" rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-six have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $164.84.

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.