NVIDIA Co. (NASDAQ:NVDA) is Moody National Bank Trust Division's 3rd Largest Position

Moody National Bank Trust Division increased its position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 0.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 302,517 shares of the computer hardware maker's stock after acquiring an additional 1,946 shares during the quarter. NVIDIA makes up about 3.4% of Moody National Bank Trust Division's portfolio, making the stock its 3rd biggest holding. Moody National Bank Trust Division's holdings in NVIDIA were worth $32,787,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Tacita Capital Inc purchased a new position in shares of NVIDIA during the fourth quarter worth approximately $28,000. Vision Financial Markets LLC acquired a new stake in NVIDIA in the fourth quarter valued at $38,000. Luken Investment Analytics LLC acquired a new stake in NVIDIA in the fourth quarter valued at $40,000. Copia Wealth Management acquired a new position in shares of NVIDIA during the 4th quarter worth $50,000. Finally, LSV Asset Management purchased a new stake in NVIDIA during the 4th quarter worth about $54,000. Institutional investors and hedge funds own 65.27% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on NVDA. Truist Financial lifted their price objective on NVIDIA from $205.00 to $210.00 and gave the company a "buy" rating in a research note on Thursday, May 29th. William Blair reissued an "outperform" rating on shares of NVIDIA in a research report on Thursday, March 20th. Arete Research raised NVIDIA to a "strong-buy" rating in a research report on Wednesday, May 21st. TD Cowen increased their price target on NVIDIA from $140.00 to $175.00 and gave the stock a "buy" rating in a research note on Thursday, May 29th. Finally, Stifel Nicolaus set a $180.00 target price on NVIDIA in a research note on Wednesday, March 19th. One research analyst has rated the stock with a sell rating, five have given a hold rating, thirty-six have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, NVIDIA has an average rating of "Moderate Buy" and an average target price of $171.66.

Insiders Place Their Bets

In related news, Director Robert K. Burgess sold 53,324 shares of the stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $115.49, for a total transaction of $6,158,388.76. Following the completion of the sale, the director now directly owns 251,044 shares in the company, valued at $28,993,071.56. This represents a 17.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Aarti S. Shah sold 20,000 shares of the stock in a transaction dated 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 owns 53,208 shares of the company's stock, valued at $6,300,891.36. This represents a 27.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,614,169 shares of company stock valued at $366,510,238 over the last 90 days. Insiders own 4.17% of the company's stock.

NVIDIA Price Performance

NVDA stock traded down $1.13 during mid-day trading on Wednesday, hitting $142.83. 166,804,211 shares of the stock were exchanged, compared to its average volume of 277,376,658. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. The business has a fifty day moving average price of $119.94 and a 200 day moving average price of $126.23. NVIDIA Co. has a 12 month low of $86.62 and a 12 month high of $153.13. The stock has a market capitalization of $3.49 trillion, a price-to-earnings ratio of 56.21, a PEG ratio of 1.76 and a beta of 2.12.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.06). NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The firm had revenue of $44.06 billion for the quarter, compared to the consensus estimate of $43.09 billion. During the same period last year, the firm earned $0.61 EPS. The company's revenue for the quarter was up 69.2% on a year-over-year basis. On average, sell-side analysts anticipate that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th will be paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.03%. The ex-dividend date of this dividend is Wednesday, June 11th. NVIDIA's dividend payout ratio (DPR) is currently 1.29%.

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.