American National Bank & Trust lifted its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 6.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 78,145 shares of the computer hardware maker's stock after purchasing an additional 4,504 shares during the period. NVIDIA accounts for 1.4% of American National Bank & Trust's portfolio, making the stock its 20th largest holding. American National Bank & Trust's holdings in NVIDIA were worth $14,574,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of NVDA. PMG Family Office LLC acquired a new stake in shares of NVIDIA during the 3rd quarter worth approximately $2,150,000. Svenska Handelsbanken AB publ acquired a new stake in shares of NVIDIA during the 3rd quarter worth approximately $37,316,000. Oak Ridge Investments LLC boosted its position in shares of NVIDIA by 2.2% during the 3rd quarter. Oak Ridge Investments LLC now owns 970,860 shares of the computer hardware maker's stock worth $181,143,000 after acquiring an additional 20,559 shares in the last quarter. Circle Wealth Management LLC boosted its position in shares of NVIDIA by 16.1% during the 3rd quarter. Circle Wealth Management LLC now owns 107,787 shares of the computer hardware maker's stock worth $20,111,000 after acquiring an additional 14,936 shares in the last quarter. Finally, Whalen Wealth Management Inc. boosted its position in shares of NVIDIA by 20.3% during the 3rd quarter. Whalen Wealth Management Inc. now owns 36,490 shares of the computer hardware maker's stock worth $6,808,000 after acquiring an additional 6,162 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity
In related news, CFO Colette Kress sold 42,650 shares of NVIDIA stock in a transaction on Friday, March 20th. The shares were sold at an average price of $174.89, for a total transaction of $7,459,058.50. Following the completion of the transaction, the chief financial officer owned 881,387 shares of the company's stock, valued at $154,145,772.43. This trade represents a 4.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Aarti S. Shah sold 19,000 shares of NVIDIA stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $176.71, for a total transaction of $3,357,490.00. Following the transaction, the director directly owned 36,007 shares of the company's stock, valued at $6,362,796.97. This represents a 34.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 1,153,976 shares of company stock valued at $207,181,819. 4.17% of the stock is currently owned by company insiders.
NVIDIA Price Performance
Shares of NASDAQ:NVDA opened at $198.87 on Thursday. The firm has a 50 day simple moving average of $182.51 and a 200 day simple moving average of $184.77. The company has a market cap of $4.83 trillion, a price-to-earnings ratio of 40.59, a PEG ratio of 0.65 and a beta of 2.34. NVIDIA Corporation has a one year low of $95.04 and a one year high of $212.19. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.91 and a quick ratio of 3.24.
NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings results on Wednesday, February 25th. The computer hardware maker reported $1.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.08. The firm had revenue of $68.13 billion during the quarter, compared to the consensus estimate of $65.56 billion. NVIDIA had a net margin of 55.60% and a return on equity of 97.37%. The company's revenue for the quarter was up 73.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.89 earnings per share. Research analysts predict that NVIDIA Corporation 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 1st. Stockholders of record on Wednesday, March 11th were paid a dividend of $0.01 per share. The ex-dividend date of this dividend was Wednesday, March 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. NVIDIA's dividend payout ratio (DPR) is presently 0.82%.
Analysts Set New Price Targets
Several analysts recently issued reports on NVDA shares. The Goldman Sachs Group set a $250.00 price target on shares of NVIDIA and gave the stock a "buy" rating in a research report on Wednesday, February 25th. Morgan Stanley set a $260.00 price target on shares of NVIDIA in a research report on Monday, March 2nd. TD Cowen reiterated a "buy" rating and set a $235.00 price target on shares of NVIDIA in a research report on Tuesday, March 17th. Wall Street Zen upgraded shares of NVIDIA from a "hold" rating to a "buy" rating in a research report on Saturday, February 28th. Finally, Jefferies Financial Group reiterated a "buy" rating and set a $275.00 price target (up from $250.00) on shares of NVIDIA in a research report on Friday, January 16th. Four investment analysts have rated the stock with a Strong Buy rating, forty-eight have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of $275.25.
Check Out Our Latest Report on NVIDIA
NVIDIA News Roundup
Here are the key news stories impacting NVIDIA this week:
About NVIDIA
(
Free Report)
NVIDIA Corporation, founded in 1993 and headquartered in Santa Clara, California, is a global technology company that designs and develops graphics processing units (GPUs) and system-on-chip (SoC) technologies. Co-founded by Jensen Huang, who serves as president and chief executive officer, along with Chris Malachowsky and Curtis Priem, NVIDIA has grown from a graphics-focused chipmaker into a broad provider of accelerated computing hardware and software for multiple industries.
The company's product portfolio spans discrete GPUs for gaming and professional visualization (marketed under the GeForce and NVIDIA RTX lines), high-performance data center accelerators used for AI training and inference (including widely adopted platforms such as the A100 and H100 series), and Tegra SoCs for automotive and edge applications.
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