FineMark National Bank & Trust Sells 3,265 Shares of NVIDIA Co. (NASDAQ:NVDA)

FineMark National Bank & Trust cut its stake in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 0.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 444,866 shares of the computer hardware maker's stock after selling 3,265 shares during the quarter. NVIDIA comprises approximately 2.1% of FineMark National Bank & Trust's investment portfolio, making the stock its 8th biggest position. FineMark National Bank & Trust's holdings in NVIDIA were worth $59,741,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of NVDA. Ashton Thomas Securities LLC raised its stake in NVIDIA by 26.5% during the fourth quarter. Ashton Thomas Securities LLC now owns 112,768 shares of the computer hardware maker's stock worth $15,148,000 after purchasing an additional 23,597 shares during the period. GQG Partners LLC raised its position in shares of NVIDIA by 132.3% during the 4th quarter. GQG Partners LLC now owns 25,697,930 shares of the computer hardware maker's stock valued at $3,450,975,000 after buying an additional 14,636,057 shares during the period. EFG Asset Management North America Corp. lifted its holdings in NVIDIA by 12.1% in the fourth quarter. EFG Asset Management North America Corp. now owns 176,324 shares of the computer hardware maker's stock valued at $23,672,000 after acquiring an additional 19,049 shares during the last quarter. Prospect Financial Group LLC purchased a new position in NVIDIA in the fourth quarter worth approximately $1,510,000. Finally, Modern Wealth Management LLC increased its stake in NVIDIA by 77.3% during the fourth quarter. Modern Wealth Management LLC now owns 108,933 shares of the computer hardware maker's stock worth $14,550,000 after acquiring an additional 47,506 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

NVIDIA Stock Performance

Shares of NVIDIA stock traded up $4.58 during trading hours on Thursday, hitting $113.50. 65,435,564 shares of the company were exchanged, compared to its average volume of 301,953,937. The stock has a market capitalization of $2.77 trillion, a price-to-earnings ratio of 44.63, a P/E/G ratio of 1.76 and a beta of 1.96. The business has a 50-day moving average of $111.47 and a 200-day moving average of $128.49. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. NVIDIA Co. has a 1 year low of $81.25 and a 1 year high of $195.95.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share for the quarter, beating analysts' consensus estimates of $0.84 by $0.05. The firm had revenue of $39.33 billion for the quarter, compared to the consensus estimate of $38.16 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. As a group, analysts expect that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.04%. The ex-dividend date of this dividend was Wednesday, March 12th. NVIDIA's dividend payout ratio (DPR) is 1.36%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Benchmark reiterated a "buy" rating and set a $190.00 price target on shares of NVIDIA in a report on Wednesday, March 19th. Morgan Stanley reduced their price target on shares of NVIDIA from $162.00 to $160.00 and set an "overweight" rating on the stock in a research note on Friday, April 25th. KeyCorp set a $190.00 price objective on shares of NVIDIA in a research report on Wednesday, March 19th. Seaport Res Ptn upgraded NVIDIA to a "strong sell" rating in a research note on Wednesday. Finally, Barclays dropped their price objective on NVIDIA from $175.00 to $155.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-six have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $164.96.

Insider Buying and Selling

In other news, CFO Colette Kress sold 66,660 shares of the business's stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $116.83, for a total transaction of $7,787,887.80. Following the sale, the chief financial officer now owns 3,085,765 shares of the company's stock, valued at $360,509,924.95. The trade was a 2.11 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Aarti S. Shah sold 20,000 shares of NVIDIA stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $118.42, for a total value of $2,368,400.00. Following the transaction, 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 147,147 shares of company stock valued at $17,133,207. Corporate insiders own 4.23% of the company's stock.

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.