Eagle Global Advisors LLC Grows Stake in NVIDIA Co. (NASDAQ:NVDA)

Eagle Global Advisors LLC raised its stake in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 19.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 349,785 shares of the computer hardware maker's stock after purchasing an additional 56,445 shares during the quarter. NVIDIA accounts for about 1.9% of Eagle Global Advisors LLC's portfolio, making the stock its 11th biggest position. Eagle Global Advisors LLC's holdings in NVIDIA were worth $46,973,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Canandaigua National Trust Co of Florida boosted its holdings in NVIDIA by 17.8% during the 4th quarter. Canandaigua National Trust Co of Florida now owns 14,200 shares of the computer hardware maker's stock worth $1,907,000 after acquiring an additional 2,148 shares during the last quarter. APEIRON CAPITAL Ltd lifted its position in shares of NVIDIA by 46.1% during the fourth quarter. APEIRON CAPITAL Ltd now owns 284,100 shares of the computer hardware maker's stock valued at $38,152,000 after purchasing an additional 89,650 shares in the last quarter. Bangor Savings Bank boosted its holdings in NVIDIA by 60.5% during the fourth quarter. Bangor Savings Bank now owns 14,006 shares of the computer hardware maker's stock worth $1,881,000 after purchasing an additional 5,277 shares during the last quarter. Diversified Trust Co increased its position in shares of NVIDIA by 4.1% during the fourth quarter. Diversified Trust Co now owns 659,442 shares of the computer hardware maker's stock valued at $88,557,000 after acquiring an additional 26,179 shares during the last quarter. Finally, Bank & Trust Co raised its stake in shares of NVIDIA by 5.3% during the 4th quarter. Bank & Trust Co now owns 5,593 shares of the computer hardware maker's stock worth $751,000 after purchasing an additional 279 shares during the period. Institutional investors own 65.27% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. DA Davidson dropped their price target on NVIDIA from $125.00 to $120.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Hsbc Global Res lowered NVIDIA from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 3rd. HSBC lowered shares of NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 price target on the stock. in a report on Thursday, April 3rd. Seaport Res Ptn upgraded NVIDIA to a "strong sell" rating in a research report on Wednesday, April 30th. Finally, Mizuho lowered their price objective on shares of NVIDIA from $175.00 to $168.00 and set an "outperform" rating for the company in a report on Friday, March 14th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, thirty-three have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, NVIDIA presently has an average rating of "Moderate Buy" and a consensus target price of $167.53.

NVIDIA Stock Performance

NASDAQ:NVDA traded up $4.21 during trading hours on Tuesday, reaching $135.50. The company had a trading volume of 191,793,409 shares, compared to its average volume of 288,540,280. The firm's 50 day moving average price is $114.17 and its 200-day moving average price is $126.54. The firm has a market cap of $3.31 trillion, a price-to-earnings ratio of 53.33, a PEG 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 52 week low of $86.62 and a 52 week high of $195.95.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, beating 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 company had revenue of $39.33 billion during the quarter, compared to analyst estimates of $38.16 billion. On average, analysts forecast that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Investors 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 is 1.36%.

Insider Buying and Selling at NVIDIA

In related news, Director John Dabiri sold 2,663 shares of the company's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $110.00, for a total transaction of $292,930.00. Following the completion of the transaction, the director now owns 17,279 shares in the company, valued at approximately $1,900,690. This represents a 13.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Colette Kress sold 66,660 shares of the 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 transaction, the chief financial officer now directly owns 3,085,765 shares of the company's stock, valued at approximately $360,509,924.95. The trade was a 2.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 147,147 shares of company stock valued at $17,133,207 over the last 90 days. 4.17% of the stock is currently owned by corporate insiders.

About NVIDIA

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.