Cadence Bank Sells 8,195 Shares of NVIDIA Co. (NASDAQ:NVDA)

Cadence Bank lessened its stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 3.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 216,456 shares of the computer hardware maker's stock after selling 8,195 shares during the quarter. NVIDIA comprises approximately 2.0% of Cadence Bank's holdings, making the stock its 7th largest position. Cadence Bank's holdings in NVIDIA were worth $29,068,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Hickory Point Bank & Trust acquired a new position in shares of NVIDIA during the 4th quarter worth about $2,272,000. Capital Performance Advisors LLP lifted its position in shares of NVIDIA by 59.3% during the 4th quarter. Capital Performance Advisors LLP now owns 26,700 shares of the computer hardware maker's stock worth $3,586,000 after purchasing an additional 9,944 shares during the last quarter. Waddell & Associates LLC lifted its position in shares of NVIDIA by 1.2% during the 4th quarter. Waddell & Associates LLC now owns 24,124 shares of the computer hardware maker's stock worth $3,240,000 after purchasing an additional 297 shares during the last quarter. Ethos Financial Group LLC lifted its position in shares of NVIDIA by 24.1% during the 4th quarter. Ethos Financial Group LLC now owns 32,092 shares of the computer hardware maker's stock worth $4,312,000 after purchasing an additional 6,241 shares during the last quarter. Finally, Metis Global Partners LLC lifted its position in shares of NVIDIA by 3.6% during the 4th quarter. Metis Global Partners LLC now owns 1,464,826 shares of the computer hardware maker's stock worth $196,711,000 after purchasing an additional 50,978 shares during the last quarter. Institutional investors own 65.27% of the company's stock.

NVIDIA Trading Up 0.4%

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

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

NVIDIA Announces Dividend

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

Analysts Set New Price Targets

Several research firms recently weighed in on NVDA. Stifel Nicolaus set a $180.00 price objective on NVIDIA in a research report on Wednesday, March 19th. HSBC cut NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 price target for the company. in a report on Thursday, April 3rd. Rosenblatt Securities cut their price target on NVIDIA from $220.00 to $200.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. Hsbc Global Res cut NVIDIA from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 3rd. Finally, Bank of America upped their price target on NVIDIA from $150.00 to $160.00 and gave the company a "buy" rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, six have given a hold rating, thirty-six have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $164.84.

Insider Activity

In related news, Director Aarti S. Shah sold 20,000 shares of NVIDIA stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $118.42, for a total value of $2,368,400.00. Following the sale, the director now owns 53,208 shares of the company's stock, valued at approximately $6,300,891.36. The trade was a 27.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of NVIDIA stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $116.80, for a total value of $525,600.00. Following the completion of the sale, the insider now directly owns 479,428 shares in the company, valued at approximately $55,997,190.40. This represents a 0.93% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 147,147 shares of company stock worth $17,133,207 over the last three months. Corporate insiders own 4.23% of the company's stock.

NVIDIA 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.