NVIDIA Co. (NASDAQ:NVDA) Shares Sold by Commerce Bank

Commerce Bank lessened its stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 0.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,999,272 shares of the computer hardware maker's stock after selling 33,928 shares during the quarter. NVIDIA comprises about 4.1% of Commerce Bank's investment portfolio, making the stock its 3rd biggest position. Commerce Bank's holdings in NVIDIA were worth $671,352,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Tacita Capital Inc acquired a new position in NVIDIA in the 4th quarter valued at $28,000. Legend Financial Advisors Inc. acquired a new position in NVIDIA in the 4th quarter valued at $34,000. Vision Financial Markets LLC acquired a new position in NVIDIA in the 4th quarter valued at $38,000. Luken Investment Analytics LLC acquired a new position in NVIDIA in the 4th quarter valued at $40,000. Finally, Lowe Wealth Advisors LLC acquired a new stake in shares of NVIDIA during the 4th quarter worth $46,000. 65.27% of the stock is owned by institutional investors and hedge funds.

NVIDIA Stock Performance

NVDA traded up $0.57 on Friday, hitting $135.40. 221,859,039 shares of the company's stock were exchanged, compared to its average volume of 294,990,945. The stock has a fifty day moving average of $111.80 and a two-hundred day moving average of $127.10. NVIDIA Co. has a twelve month low of $86.62 and a twelve month high of $195.95. The firm has a market cap of $3.31 trillion, a PE ratio of 53.29, a P/E/G ratio of 1.76 and a beta of 2.11. 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 (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, beating the consensus estimate of $0.84 by $0.05. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The company had revenue of $39.33 billion for the quarter, compared to analyst estimates of $38.16 billion. On average, research analysts anticipate that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were paid a $0.01 dividend. The ex-dividend date was Wednesday, March 12th. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. NVIDIA's payout ratio is currently 1.36%.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Needham & Company LLC restated a "buy" rating and set a $160.00 price objective on shares of NVIDIA in a report on Wednesday, March 19th. Wedbush restated an "outperform" rating and set a $175.00 price objective on shares of NVIDIA in a report on Wednesday, April 16th. Stifel Nicolaus set a $180.00 price objective on NVIDIA in a report on Wednesday, March 19th. William Blair restated an "outperform" rating on shares of NVIDIA in a report on Thursday, March 20th. Finally, DZ Bank upgraded NVIDIA from a "hold" rating to a "strong-buy" rating in a report on Friday, February 28th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-six have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $164.84.

Insider Buying and Selling at NVIDIA

In related news, Director Aarti S. Shah sold 20,000 shares of the firm's stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $118.42, for a total transaction of $2,368,400.00. Following the transaction, the director now owns 53,208 shares in the company, valued at $6,300,891.36. This trade represents a 27.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John Dabiri sold 2,663 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $110.00, for a total transaction of $292,930.00. Following the transaction, the director now owns 17,279 shares in the company, valued at $1,900,690. This represents a 13.35% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 147,147 shares of company stock worth $17,133,207. 4.23% of the stock is owned by company insiders.

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.