Security National Bank of SO Dak Purchases 5,320 Shares of NVIDIA Co. (NASDAQ:NVDA)

Security National Bank of SO Dak boosted its position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 47.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,552 shares of the computer hardware maker's stock after purchasing an additional 5,320 shares during the period. NVIDIA comprises 1.2% of Security National Bank of SO Dak's holdings, making the stock its 28th largest position. Security National Bank of SO Dak's holdings in NVIDIA were worth $2,223,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of NVDA. Regent Peak Wealth Advisors LLC grew its holdings in NVIDIA by 0.4% during the fourth quarter. Regent Peak Wealth Advisors LLC now owns 81,833 shares of the computer hardware maker's stock worth $10,989,000 after purchasing an additional 322 shares during the period. Wealth Group Ltd. grew its holdings in NVIDIA by 1.8% during the fourth quarter. Wealth Group Ltd. now owns 5,702 shares of the computer hardware maker's stock worth $766,000 after purchasing an additional 100 shares during the period. Miracle Mile Advisors LLC grew its holdings in NVIDIA by 27.9% during the fourth quarter. Miracle Mile Advisors LLC now owns 503,974 shares of the computer hardware maker's stock worth $67,679,000 after purchasing an additional 109,811 shares during the period. PFW Advisors LLC bought a new position in NVIDIA during the fourth quarter worth about $3,354,000. Finally, Signet Financial Management LLC grew its holdings in NVIDIA by 27.0% during the fourth quarter. Signet Financial Management LLC now owns 23,742 shares of the computer hardware maker's stock worth $3,188,000 after purchasing an additional 5,048 shares during the period. Institutional investors own 65.27% of the company's stock.

NVIDIA Trading Up 1.7%

Shares of NVIDIA stock traded up $2.25 during trading on Monday, hitting $137.38. The company's stock had a trading volume of 195,048,031 shares, compared to its average volume of 284,142,630. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. NVIDIA Co. has a 52 week low of $86.62 and a 52 week high of $195.95. The stock has a market cap of $3.36 trillion, a price-to-earnings ratio of 54.07, a price-to-earnings-growth ratio of 1.76 and a beta of 2.11. The stock has a 50-day moving average price of $115.95 and a two-hundred day moving average price of $126.21.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share 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 business had revenue of $44.06 billion during the quarter, compared to the consensus estimate of $43.09 billion. During the same period in the prior year, the firm earned $0.61 EPS. The business's revenue for the quarter was up 69.2% compared to the same quarter last year. Equities research analysts anticipate that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th will be paid a $0.01 dividend. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. NVIDIA's dividend payout ratio is 1.29%.

Analyst Upgrades and Downgrades

NVDA has been the subject of a number of research analyst reports. Stifel Nicolaus set a $180.00 price target on NVIDIA in a report on Wednesday, March 19th. Arete Research upgraded NVIDIA to a "strong-buy" rating in a report on Wednesday, May 21st. Truist Financial raised their price objective on shares of NVIDIA from $205.00 to $210.00 and gave the stock a "buy" rating in a research report on Thursday. Raymond James boosted their price objective on NVIDIA from $150.00 to $165.00 and gave the stock a "strong-buy" rating in a report on Thursday. Finally, HSBC cut NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 price objective for the company. in a report on Thursday, April 3rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-six have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $171.66.

Insider Buying and Selling

In related news, Director John Dabiri sold 2,663 shares of the business's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $110.00, for a total value of $292,930.00. Following the sale, the director now owns 17,279 shares of the company's stock, valued at $1,900,690. The trade was a 13.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the business's stock in a transaction on Friday, March 21st. The stock was sold at an average price of $116.80, for a total transaction of $525,600.00. Following the completion of the sale, the insider now directly owns 479,428 shares in the company, valued at approximately $55,997,190.40. This represents a 0.93% decrease in their position. 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 over the last 90 days. 4.17% of the stock is owned by 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.