Bank of Hawaii Lowers Position in NVIDIA Co. (NASDAQ:NVDA)

Bank of Hawaii decreased its position in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 3.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 196,985 shares of the computer hardware maker's stock after selling 8,079 shares during the period. NVIDIA comprises 1.5% of Bank of Hawaii's portfolio, making the stock its 17th largest holding. Bank of Hawaii's holdings in NVIDIA were worth $26,453,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in NVDA. Scotia Capital Inc. increased its holdings in shares of NVIDIA by 9.9% in the 4th quarter. Scotia Capital Inc. now owns 3,027,847 shares of the computer hardware maker's stock valued at $406,619,000 after purchasing an additional 271,556 shares in the last quarter. Mountain Capital Investment Advisors Inc. raised its stake in shares of NVIDIA by 7.1% during the 4th quarter. Mountain Capital Investment Advisors Inc. now owns 6,973 shares of the computer hardware maker's stock worth $960,000 after buying an additional 465 shares during the last quarter. Fortune 45 LLC grew its position in shares of NVIDIA by 7.3% in the fourth quarter. Fortune 45 LLC now owns 22,412 shares of the computer hardware maker's stock valued at $3,010,000 after purchasing an additional 1,517 shares during the last quarter. Waddell & Associates LLC lifted its stake in NVIDIA by 1.2% in the 4th quarter. Waddell & Associates LLC now owns 24,124 shares of the computer hardware maker's stock valued at $3,240,000 after buying an additional 297 shares in the last quarter. Finally, Pinnacle Holdings LLC grew its holdings in NVIDIA by 10,262.1% during the 4th quarter. Pinnacle Holdings LLC now owns 28,703 shares of the computer hardware maker's stock valued at $3,855,000 after buying an additional 28,426 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on NVDA. Seaport Res Ptn raised shares of NVIDIA to a "strong sell" rating in a research note on Wednesday, April 30th. Barclays reduced their price target on shares of NVIDIA from $175.00 to $155.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Susquehanna reiterated a "positive" rating and set a $180.00 target price on shares of NVIDIA in a report on Wednesday, March 19th. Truist Financial lifted their target price on NVIDIA from $204.00 to $205.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Finally, HSBC lowered shares of NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 price target for the company. in a research note on Thursday, April 3rd. 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 assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $164.96.

Insider Transactions at NVIDIA

In other 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 transaction of $292,930.00. Following the sale, the director now directly 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Aarti S. Shah sold 20,000 shares of the company's stock in a transaction dated 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 completion of the sale, the director now owns 53,208 shares in the company, valued at $6,300,891.36. The trade was a 27.32 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 147,147 shares of company stock worth $17,133,207. 4.23% of the stock is currently owned by company insiders.

NVIDIA Trading Down 0.6 %

Shares of NVIDIA stock traded down $0.72 during midday trading on Friday, reaching $116.65. 132,620,250 shares of the company's stock traded hands, compared to its average volume of 296,326,827. The stock has a 50 day moving average of $110.29 and a 200-day moving average of $127.28. The company has a market cap of $2.85 trillion, a PE ratio of 45.91, a price-to-earnings-growth ratio of 1.76 and a beta of 2.11. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. NVIDIA Co. has a 12 month low of $86.62 and a 12 month high of $195.95.

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

NVIDIA Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were issued a $0.01 dividend. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. NVIDIA's dividend payout ratio (DPR) is presently 1.36%.

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.