Inspire Trust Co. N.A. Sells 5,370 Shares of NVIDIA Co. (NASDAQ:NVDA)

Inspire Trust Co. N.A. trimmed its position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 15.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,523 shares of the computer hardware maker's stock after selling 5,370 shares during the quarter. NVIDIA accounts for approximately 1.0% of Inspire Trust Co. N.A.'s holdings, making the stock its 24th largest position. Inspire Trust Co. N.A.'s holdings in NVIDIA were worth $3,965,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. DCM Advisors LLC lifted its stake in shares of NVIDIA by 34.6% in the 4th quarter. DCM Advisors LLC now owns 14,463 shares of the computer hardware maker's stock worth $1,926,000 after purchasing an additional 3,715 shares during the period. Pinnacle Investment Management Ltd bought a new position in NVIDIA in the fourth quarter worth approximately $1,544,000. Monograph Wealth Advisors LLC raised its position in NVIDIA by 3.2% in the fourth quarter. Monograph Wealth Advisors LLC now owns 129,669 shares of the computer hardware maker's stock worth $17,413,000 after acquiring an additional 4,079 shares during the period. 10Elms LLP purchased a new position in shares of NVIDIA during the 4th quarter worth $165,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in shares of NVIDIA by 9.8% during the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 6,272,793 shares of the computer hardware maker's stock valued at $842,373,000 after acquiring an additional 559,278 shares during the period. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director John Dabiri sold 2,663 shares of the firm's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $110.00, for a total value of $292,930.00. Following the completion of the sale, the director now owns 17,279 shares in the company, valued at approximately $1,900,690. This trade represents a 13.35% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark A. Stevens sold 935,000 shares of the company's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $140.92, for a total transaction of $131,760,200.00. Following the transaction, the director now owns 9,214,697 shares in the company, valued at $1,298,535,101.24. The trade was a 9.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,257,983 shares of company stock valued at $172,973,349. 4.17% of the stock is currently owned by insiders.

Analyst Ratings Changes

NVDA has been the topic of a number of recent research reports. Seaport Res Ptn raised NVIDIA to a "strong sell" rating in a report on Wednesday, April 30th. Tigress Financial reaffirmed a "buy" rating on shares of NVIDIA in a research note on Wednesday, February 26th. UBS Group reaffirmed a "buy" rating on shares of NVIDIA in a research report on Friday, May 23rd. Cantor Fitzgerald reissued an "overweight" rating and issued a $200.00 target price on shares of NVIDIA in a report on Wednesday, April 16th. Finally, Wedbush reaffirmed an "outperform" rating on shares of NVIDIA in a report on Thursday, May 29th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, thirty-six have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $171.66.

NVIDIA Price Performance

NVIDIA stock traded up $0.70 during mid-day trading on Wednesday, reaching $141.92. 166,543,405 shares of the company's stock traded hands, compared to its average volume of 282,838,422. NVIDIA Co. has a 12-month low of $86.62 and a 12-month high of $195.95. The company has a market cap of $3.46 trillion, a price-to-earnings ratio of 55.85, a PEG ratio of 1.76 and a beta of 2.12. The stock has a 50 day moving average of $116.54 and a two-hundred day moving average of $126.31. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). The business had revenue of $44.06 billion during the quarter, compared to the consensus estimate of $43.09 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The firm's revenue was up 69.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.61 EPS. Equities analysts forecast 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 will be paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. The ex-dividend date of this dividend is Wednesday, June 11th. NVIDIA's dividend payout ratio (DPR) is 1.29%.

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.