United Bank raised its stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 4.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 64,819 shares of the computer hardware maker's stock after purchasing an additional 2,847 shares during the period. NVIDIA accounts for about 3.7% of United Bank's portfolio, making the stock its 3rd biggest position. United Bank's holdings in NVIDIA were worth $8,705,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also modified their holdings of NVDA. Horizon Financial Services LLC boosted its stake in shares of NVIDIA by 10.3% during the 4th quarter. Horizon Financial Services LLC now owns 2,718 shares of the computer hardware maker's stock worth $365,000 after purchasing an additional 253 shares during the period. Mawer Investment Management Ltd. purchased a new position in shares of NVIDIA during the fourth quarter valued at approximately $269,000. ARK & TLK Investments LLC grew its stake in shares of NVIDIA by 4.1% during the fourth quarter. ARK & TLK Investments LLC now owns 10,339 shares of the computer hardware maker's stock valued at $1,388,000 after buying an additional 409 shares during the last quarter. Sanctuary Wealth Management L.L.C. raised its holdings in shares of NVIDIA by 2.5% in the fourth quarter. Sanctuary Wealth Management L.L.C. now owns 8,552 shares of the computer hardware maker's stock worth $1,148,000 after buying an additional 212 shares during the period. Finally, Life Planning Partners Inc bought a new stake in shares of NVIDIA during the 4th quarter worth approximately $6,312,000. 65.27% of the stock is owned by institutional investors.
Insider Buying and Selling at NVIDIA
In related news, CFO Colette Kress sold 66,660 shares of the company's stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $116.83, for a total value of $7,787,887.80. Following the completion of the transaction, the chief financial officer now owns 3,085,765 shares of the company's stock, valued at approximately $360,509,924.95. This represents a 2.11 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the firm's stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $116.80, for a total value 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. The trade was a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 147,147 shares of company stock worth $17,133,207. Insiders own 4.23% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms have weighed in on NVDA. TD Cowen reduced their target price on NVIDIA from $175.00 to $140.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. UBS Group reaffirmed a "buy" rating on shares of NVIDIA in a research note on Friday, April 25th. Rosenblatt Securities lowered their price objective on shares of NVIDIA from $220.00 to $200.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $200.00 target price on shares of NVIDIA in a research report on Wednesday, April 16th. Finally, Bank of America lowered their price target on NVIDIA from $200.00 to $160.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-six have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $164.96.
Read Our Latest Analysis on NVIDIA
NVIDIA Stock Performance
NVIDIA stock traded up $2.89 during trading hours on Friday, hitting $114.50. 189,662,858 shares of the stock traded hands, compared to its average volume of 300,427,940. NVIDIA Co. has a 1 year low of $86.62 and a 1 year high of $195.95. The stock has a market capitalization of $2.79 trillion, a price-to-earnings ratio of 45.06, a P/E/G ratio of 1.76 and a beta of 1.96. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. The firm's 50 day moving average price is $110.85 and its 200-day moving average price is $128.14.
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 (EPS) for the quarter, topping analysts' consensus estimates of $0.84 by $0.05. The company had revenue of $39.33 billion during the quarter, compared to analyst estimates 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 Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.03%. The ex-dividend date of this dividend was Wednesday, March 12th. NVIDIA's dividend payout ratio is currently 1.36%.
NVIDIA Profile
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Free Report)
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.
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