Colonial Trust Co SC lifted its stake in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 8.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 80,240 shares of the computer hardware maker's stock after purchasing an additional 6,035 shares during the quarter. NVIDIA accounts for approximately 1.6% of Colonial Trust Co SC's holdings, making the stock its 7th biggest position. Colonial Trust Co SC's holdings in NVIDIA were worth $10,775,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Hickory Point Bank & Trust purchased a new stake in shares of NVIDIA during the fourth quarter valued at approximately $2,272,000. Capital Performance Advisors LLP boosted its stake in NVIDIA by 59.3% during the 4th quarter. Capital Performance Advisors LLP now owns 26,700 shares of the computer hardware maker's stock valued at $3,586,000 after purchasing an additional 9,944 shares during the last quarter. Waddell & Associates LLC boosted its stake in NVIDIA by 1.2% during the 4th quarter. Waddell & Associates LLC now owns 24,124 shares of the computer hardware maker's stock valued at $3,240,000 after purchasing an additional 297 shares during the last quarter. Strategy Asset Managers LLC raised its stake in shares of NVIDIA by 0.8% in the fourth quarter. Strategy Asset Managers LLC now owns 52,307 shares of the computer hardware maker's stock worth $7,024,000 after purchasing an additional 405 shares during the last quarter. Finally, Ethos Financial Group LLC raised its stake in shares of NVIDIA by 24.1% in the fourth 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. Institutional investors own 65.27% of the company's stock.
NVIDIA Price Performance
Shares of NASDAQ:NVDA traded up $4.21 during trading on Tuesday, reaching $135.50. The stock had a trading volume of 191,793,409 shares, compared to its average volume of 288,540,280. NVIDIA Co. has a 1-year low of $86.62 and a 1-year high of $195.95. 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 business has a fifty day moving average price of $114.17 and a 200-day moving average price of $126.54. The stock has a market cap of $3.31 trillion, a PE ratio of 53.33, a PEG ratio of 1.76 and a beta of 2.11.
NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share for the quarter, beating analysts' consensus estimates of $0.84 by $0.05. The firm had revenue of $39.33 billion during the quarter, compared to analysts' expectations of $38.16 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. On average, equities analysts forecast that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.
NVIDIA Announces Dividend
The company also recently announced 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 was Wednesday, March 12th. NVIDIA's dividend payout ratio (DPR) is 1.36%.
Insider Buying and Selling at NVIDIA
In other news, Director Aarti S. Shah sold 20,000 shares of NVIDIA stock in a transaction on 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 completion of 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Colette Kress sold 66,660 shares of NVIDIA stock in a transaction dated 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 owns 3,085,765 shares of the company's stock, valued at $360,509,924.95. This trade represents a 2.11% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 147,147 shares of company stock worth $17,133,207. 4.17% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
NVDA has been the subject of several research analyst reports. Barclays reduced their price objective on NVIDIA from $175.00 to $155.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Seaport Res Ptn upgraded shares of NVIDIA to a "strong sell" rating in a research note on Wednesday, April 30th. KeyCorp set a $190.00 price objective on shares of NVIDIA in a report on Wednesday, March 19th. Mizuho dropped their target price on shares of NVIDIA from $175.00 to $168.00 and set an "outperform" rating on the stock in a report on Friday, March 14th. Finally, Susquehanna reiterated a "positive" rating and set a $180.00 target price on shares of NVIDIA in a research note on Wednesday, March 19th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, thirty-three have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $167.53.
Read Our Latest Stock Report on NVDA
About NVIDIA
(
Free Report)
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.
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