Arrow Financial Corp Reduces Position in NVIDIA Co. (NASDAQ:NVDA)

Arrow Financial Corp decreased its stake in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 2.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 181,237 shares of the computer hardware maker's stock after selling 3,706 shares during the period. NVIDIA accounts for 2.3% of Arrow Financial Corp's investment portfolio, making the stock its 12th largest holding. Arrow Financial Corp's holdings in NVIDIA were worth $24,338,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the stock. Norges Bank acquired a new stake in NVIDIA during the 4th quarter worth $43,515,504,000. Northern Trust Corp raised its position in NVIDIA by 15.8% during the 4th quarter. Northern Trust Corp now owns 266,454,194 shares of the computer hardware maker's stock worth $35,782,134,000 after buying an additional 36,266,817 shares during the last quarter. Proficio Capital Partners LLC raised its position in NVIDIA by 14,641.2% during the 4th quarter. Proficio Capital Partners LLC now owns 34,676,316 shares of the computer hardware maker's stock worth $4,656,682,000 after buying an additional 34,441,082 shares during the last quarter. Capital International Investors raised its position in NVIDIA by 34.7% during the 4th quarter. Capital International Investors now owns 62,883,868 shares of the computer hardware maker's stock worth $8,445,182,000 after buying an additional 16,189,550 shares during the last quarter. Finally, APG Asset Management N.V. increased its holdings in shares of NVIDIA by 493.2% in the 4th quarter. APG Asset Management N.V. now owns 18,415,785 shares of the computer hardware maker's stock valued at $2,388,272,000 after purchasing an additional 15,311,330 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

Insider Buying and Selling

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

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on NVDA shares. DA Davidson cut their price target on shares of NVIDIA from $125.00 to $120.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Bank of America increased their price target on shares of NVIDIA from $150.00 to $160.00 and gave the company a "buy" rating in a report on Wednesday, May 14th. Rosenblatt Securities cut their price target on shares of NVIDIA from $220.00 to $200.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. Tigress Financial reiterated a "buy" rating on shares of NVIDIA in a report on Wednesday, February 26th. Finally, Truist Financial increased their price target on shares of NVIDIA from $204.00 to $205.00 and gave the company a "buy" rating in a report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-six have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $164.84.

NVIDIA Price Performance

NVIDIA stock opened at $132.83 on Friday. NVIDIA Co. has a 12-month low of $86.62 and a 12-month high of $195.95. The stock has a market capitalization of $3.25 trillion, a P/E ratio of 52.27, a P/E/G ratio of 1.76 and a beta of 2.11. The firm's 50-day moving average is $113.57 and its two-hundred day moving average is $126.99. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64.

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

NVIDIA Dividend Announcement

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

NVIDIA Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.