Texas Bank & Trust Co Invests $4.67 Million in NVIDIA Co. (NASDAQ:NVDA)

Texas Bank & Trust Co bought a new position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 34,762 shares of the computer hardware maker's stock, valued at approximately $4,668,000. NVIDIA makes up about 1.9% of Texas Bank & Trust Co's investment portfolio, making the stock its 7th largest holding.

A number of other institutional investors and hedge funds have also recently modified their holdings of NVDA. Thiel Macro LLC purchased a new stake in shares of NVIDIA in the fourth quarter valued at about $33,155,000. Tolleson Wealth Management Inc. purchased a new stake in shares of NVIDIA in the fourth quarter valued at about $967,000. Trace Wealth Advisors LLC acquired a new position in shares of NVIDIA during the fourth quarter worth about $381,000. True Wealth Design LLC raised its holdings in NVIDIA by 8.5% during the fourth quarter. True Wealth Design LLC now owns 3,347 shares of the computer hardware maker's stock worth $450,000 after purchasing an additional 262 shares in the last quarter. Finally, State of Wyoming raised its holdings in NVIDIA by 113.5% during the fourth quarter. State of Wyoming now owns 85,056 shares of the computer hardware maker's stock worth $11,422,000 after purchasing an additional 45,214 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on NVDA. Wedbush reissued an "outperform" rating on shares of NVIDIA in a report on Thursday, May 29th. Hsbc Global Res downgraded NVIDIA from a "strong-buy" rating to a "hold" rating in a research note on Thursday, April 3rd. Seaport Res Ptn upgraded NVIDIA to a "strong sell" rating in a report on Wednesday, April 30th. Needham & Company LLC reiterated a "buy" rating and issued a $160.00 price target on shares of NVIDIA in a report on Thursday, May 29th. Finally, Susquehanna restated a "positive" rating and issued a $180.00 price objective on shares of NVIDIA in a report on Wednesday, March 19th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-six have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $171.66.

NVIDIA Stock Performance

Shares of NASDAQ NVDA traded up $3.84 during midday trading on Tuesday, reaching $141.22. 224,730,554 shares of the company traded hands, compared to its average volume of 283,301,000. NVIDIA Co. has a 52 week low of $86.62 and a 52 week high of $195.95. The company has a market cap of $3.45 trillion, a price-to-earnings ratio of 55.58, a PEG ratio of 1.76 and a beta of 2.11. The stock has a 50-day moving average price of $116.54 and a 200 day moving average price of $126.31. 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 (NASDAQ:NVDA - Get Free Report) last released 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). NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The company had revenue of $44.06 billion for the quarter, compared to the consensus estimate of $43.09 billion. During the same quarter last year, the firm posted $0.61 earnings per share. The firm's quarterly revenue was up 69.2% compared to the same quarter last year. Sell-side analysts anticipate that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

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

Insider Buying and Selling

In related news, Director Robert K. Burgess sold 50,000 shares of the business's stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $134.82, for a total value of $6,741,000.00. Following the sale, the director now directly owns 201,044 shares in the company, valued at $27,104,752.08. The trade was a 19.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of NVIDIA stock in a transaction that occurred 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 transaction, the insider now directly owns 479,428 shares in the company, valued at approximately $55,997,190.40. This trade represents a 0.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 197,147 shares of company stock worth $23,874,207 in the last ninety days. 4.17% of the stock is currently owned by corporate insiders.

NVIDIA 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.