Hancock Whitney Corp raised its holdings in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 5.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 787,094 shares of the computer hardware maker's stock after buying an additional 42,274 shares during the period. NVIDIA comprises approximately 3.3% of Hancock Whitney Corp's investment portfolio, making the stock its 5th biggest position. Hancock Whitney Corp's holdings in NVIDIA were worth $105,699,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of the business. Seven Springs Wealth Group LLC boosted its position in shares of NVIDIA by 1.6% during the fourth quarter. Seven Springs Wealth Group LLC now owns 7,550 shares of the computer hardware maker's stock valued at $1,014,000 after buying an additional 120 shares during the period. Science & Technology Partners L.P. bought a new stake in shares of NVIDIA during the fourth quarter valued at approximately $18,920,000. Integrated Wealth Concepts LLC raised its stake in shares of NVIDIA by 12.8% during the fourth quarter. Integrated Wealth Concepts LLC now owns 1,066,060 shares of the computer hardware maker's stock valued at $143,161,000 after acquiring an additional 120,982 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. raised its stake in shares of NVIDIA by 1.9% during the fourth quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 4,139,994 shares of the computer hardware maker's stock valued at $558,146,000 after acquiring an additional 79,135 shares in the last quarter. Finally, Burling Wealth Partners LLC bought a new stake in shares of NVIDIA during the fourth quarter valued at approximately $11,656,000. Hedge funds and other institutional investors own 65.27% of the company's stock.
Insider Activity at NVIDIA
In other NVIDIA news, Director Aarti S. Shah sold 20,000 shares of the company's stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $118.42, for a total value of $2,368,400.00. Following the sale, the director now directly owns 53,208 shares of the company's stock, valued at approximately $6,300,891.36. This represents a 27.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Colette Kress sold 66,660 shares of the company's stock in a transaction on Friday, March 21st. The shares were sold at an average price of $116.83, for a total transaction of $7,787,887.80. Following the completion of the sale, the chief financial officer now directly owns 3,085,765 shares in the company, 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 a total of 147,147 shares of company stock valued at $17,133,207 in the last ninety days. Company insiders own 4.23% of the company's stock.
NVIDIA Stock Performance
Shares of NASDAQ NVDA traded down $1.54 during mid-day trading on Friday, hitting $131.29. The stock had a trading volume of 198,282,939 shares, compared to its average volume of 289,485,184. 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 company has a 50 day moving average of $113.89 and a two-hundred day moving average of $126.94. NVIDIA Co. has a twelve month low of $86.62 and a twelve month high of $195.95. The firm has a market cap of $3.21 trillion, a PE ratio of 51.67, a PEG ratio of 1.76 and a beta of 2.11.
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, beating the consensus estimate of $0.84 by $0.05. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The firm had revenue of $39.33 billion for the quarter, compared to the consensus estimate of $38.16 billion. Research analysts predict that NVIDIA Co. will post 2.77 EPS for the current fiscal year.
NVIDIA Announces Dividend
The company 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. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. The ex-dividend date of this dividend was Wednesday, March 12th. NVIDIA's payout ratio is 1.36%.
Wall Street Analysts Forecast Growth
Several analysts have recently weighed in on the stock. Rosenblatt Securities decreased their price target on shares of NVIDIA from $220.00 to $200.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. KeyCorp set a $190.00 price target on shares of NVIDIA in a research note on Wednesday, March 19th. UBS Group reaffirmed a "buy" rating on shares of NVIDIA in a research note on Friday. Citigroup reaffirmed a "buy" rating on shares of NVIDIA in a research note on Wednesday, April 16th. Finally, Benchmark reaffirmed a "buy" rating and set a $190.00 price target on shares of NVIDIA in a research note on Wednesday, March 19th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, thirty-four have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $164.84.
Check Out Our Latest Stock Analysis on NVDA
NVIDIA Company Profile
(
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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