Colonial Trust Co SC Has $10.78 Million Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

Colonial Trust Co SC grew its stake in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 8.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 80,240 shares of the computer hardware maker's stock after buying an additional 6,035 shares during the quarter. NVIDIA accounts for about 1.6% of Colonial Trust Co SC's investment portfolio, making the stock its 7th biggest holding. Colonial Trust Co SC's holdings in NVIDIA were worth $10,775,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. FMR LLC boosted its holdings in shares of NVIDIA by 0.7% in the fourth quarter. FMR LLC now owns 1,004,376,608 shares of the computer hardware maker's stock valued at $134,877,735,000 after buying an additional 6,665,252 shares during the period. Geode Capital Management LLC boosted its holdings in NVIDIA by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 555,548,278 shares of the computer hardware maker's stock worth $74,439,273,000 after purchasing an additional 9,468,786 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in NVIDIA by 0.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 411,328,951 shares of the computer hardware maker's stock worth $55,237,367,000 after purchasing an additional 3,721,331 shares during the last quarter. Norges Bank acquired a new position in NVIDIA during the fourth quarter worth $43,515,504,000. Finally, Northern Trust Corp boosted its holdings in NVIDIA by 15.8% during the fourth quarter. Northern Trust Corp now owns 266,454,194 shares of the computer hardware maker's stock worth $35,782,134,000 after purchasing an additional 36,266,817 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

NVIDIA Price Performance

NVIDIA stock traded up $1.10 during trading hours on Wednesday, reaching $136.60. 153,614,714 shares of the stock were exchanged, compared to its average volume of 288,035,009. The company has a market cap of $3.34 trillion, a P/E ratio of 53.89, 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 twelve month low of $86.62 and a twelve month high of $195.95. The stock has a 50 day moving average of $114.51 and a two-hundred day moving average of $126.60.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.84 by $0.05. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The firm had revenue of $39.33 billion for the quarter, compared to the consensus estimate of $38.16 billion. Equities analysts expect that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

Insider Activity at NVIDIA

In related news, 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 transaction, the chief financial officer now owns 3,085,765 shares in the company, valued at $360,509,924.95. This trade represents a 2.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the firm's stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $116.80, for a total transaction of $525,600.00. Following the completion of the transaction, the insider now owns 479,428 shares of the company's stock, valued at approximately $55,997,190.40. This trade represents a 0.93% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 147,147 shares of company stock worth $17,133,207 in the last quarter. 4.17% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Tigress Financial restated a "buy" rating on shares of NVIDIA in a report on Wednesday, February 26th. HSBC cut shares of NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 target price for the company. in a report on Thursday, April 3rd. Seaport Res Ptn upgraded shares of NVIDIA to a "strong sell" rating in a report on Wednesday, April 30th. Barclays dropped their price target on shares of NVIDIA from $175.00 to $155.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Finally, Benchmark reaffirmed a "buy" rating and set a $190.00 price target on shares of NVIDIA in a research report on Wednesday, March 19th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, thirty-three have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, NVIDIA currently has an average rating of "Moderate Buy" and a consensus target price of $167.53.

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.