UNIVEST FINANCIAL Corp Raises Stake in NVIDIA Co. (NASDAQ:NVDA)

UNIVEST FINANCIAL Corp raised its holdings in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 157.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 118,145 shares of the computer hardware maker's stock after purchasing an additional 72,173 shares during the period. NVIDIA accounts for about 1.0% of UNIVEST FINANCIAL Corp's holdings, making the stock its 23rd largest holding. UNIVEST FINANCIAL Corp's holdings in NVIDIA were worth $15,866,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Hickory Point Bank & Trust purchased a new position in shares of NVIDIA during the fourth quarter valued at approximately $2,272,000. Capital Performance Advisors LLP raised its position in NVIDIA by 59.3% in the 4th quarter. Capital Performance Advisors LLP now owns 26,700 shares of the computer hardware maker's stock worth $3,586,000 after buying an additional 9,944 shares during the last quarter. Ethos Financial Group LLC lifted its position in NVIDIA by 24.1% during the fourth quarter. Ethos Financial Group LLC now owns 32,092 shares of the computer hardware maker's stock valued at $4,312,000 after purchasing an additional 6,241 shares during the period. Metis Global Partners LLC boosted its stake in shares of NVIDIA by 3.6% in the 4th quarter. Metis Global Partners LLC now owns 1,464,826 shares of the computer hardware maker's stock worth $196,711,000 after buying an additional 50,978 shares during the last quarter. Finally, Candriam S.C.A. grew its position in NVIDIA by 0.5% during the fourth quarter. Candriam S.C.A. now owns 7,061,058 shares of the computer hardware maker's stock valued at $948,229,000 after buying an additional 35,684 shares during the period. Hedge funds and other institutional investors own 65.27% of the company's stock.

Insider Activity

In other NVIDIA news, Director Robert K. Burgess sold 53,324 shares of NVIDIA stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $115.49, for a total value of $6,158,388.76. Following the transaction, the director now directly owns 251,044 shares of the company's stock, valued at approximately $28,993,071.56. The trade was a 17.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the stock in a transaction 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 sale, the insider now owns 479,428 shares of the company's stock, valued at approximately $55,997,190.40. This represents a 0.93 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 147,147 shares of company stock worth $17,133,207. Corporate insiders own 4.23% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently commented on NVDA. Truist Financial raised their price objective on NVIDIA from $204.00 to $205.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Wedbush reiterated an "outperform" rating and issued a $175.00 price target on shares of NVIDIA in a research report on Wednesday, April 16th. Susquehanna restated a "positive" rating and set a $180.00 target price on shares of NVIDIA in a research note on Wednesday, March 19th. Piper Sandler restated an "overweight" rating on shares of NVIDIA in a research report on Friday, April 25th. Finally, Hsbc Global Res cut NVIDIA from a "strong-buy" rating to a "hold" rating in a research report on Thursday, April 3rd. Six investment analysts have rated the stock with a hold rating, thirty-six have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $164.96.

NVIDIA Trading Down 0.1 %

Shares of NASDAQ:NVDA traded down $0.10 on Wednesday, hitting $108.92. 223,117,523 shares of the company's stock were exchanged, compared to its average volume of 303,086,208. The business's 50 day simple moving average is $111.97 and its two-hundred day simple moving average is $128.63. 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 stock has a market capitalization of $2.66 trillion, a price-to-earnings ratio of 42.87, a price-to-earnings-growth ratio of 1.76 and a beta of 1.96. NVIDIA Co. has a 12 month low of $81.25 and a 12 month 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 the consensus estimate 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%. Analysts anticipate that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

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