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

UNIVEST FINANCIAL Corp raised its holdings in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 157.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 118,145 shares of the computer hardware maker's stock after purchasing an additional 72,173 shares during the period. NVIDIA comprises 1.0% of UNIVEST FINANCIAL Corp's holdings, making the stock its 23rd largest position. UNIVEST FINANCIAL Corp's holdings in NVIDIA were worth $15,866,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. DiNuzzo Private Wealth Inc. lifted its stake in NVIDIA by 0.8% during the fourth quarter. DiNuzzo Private Wealth Inc. now owns 8,612 shares of the computer hardware maker's stock worth $1,157,000 after purchasing an additional 71 shares during the last quarter. Palisade Asset Management LLC grew its position in shares of NVIDIA by 0.5% in the 3rd quarter. Palisade Asset Management LLC now owns 15,363 shares of the computer hardware maker's stock valued at $1,866,000 after buying an additional 75 shares during the last quarter. Baker Boyer National Bank raised its stake in NVIDIA by 3.3% during the 4th quarter. Baker Boyer National Bank now owns 2,403 shares of the computer hardware maker's stock worth $323,000 after acquiring an additional 76 shares in the last quarter. Kwmg LLC raised its stake in NVIDIA by 0.6% during the 4th quarter. Kwmg LLC now owns 13,067 shares of the computer hardware maker's stock worth $1,755,000 after acquiring an additional 77 shares in the last quarter. Finally, SC&H Financial Advisors Inc. boosted its stake in NVIDIA by 1.6% in the fourth quarter. SC&H Financial Advisors Inc. now owns 5,074 shares of the computer hardware maker's stock valued at $681,000 after acquiring an additional 80 shares in the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently weighed in on NVDA shares. Seaport Res Ptn upgraded shares of NVIDIA to a "strong sell" rating in a research note on Wednesday. KeyCorp set a $190.00 price objective on shares of NVIDIA in a research note on Wednesday, March 19th. Wedbush reaffirmed an "outperform" rating and set a $175.00 price target on shares of NVIDIA in a research note on Wednesday, April 16th. DZ Bank upgraded NVIDIA from a "hold" rating to a "strong-buy" rating in a report on Friday, February 28th. Finally, Stifel Nicolaus set a $180.00 price target on shares of NVIDIA in a report on Wednesday, March 19th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, thirty-six have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, NVIDIA currently has a consensus rating of "Moderate Buy" and an average price target of $164.96.

Insider Activity at NVIDIA

In related news, Director Robert K. Burgess sold 53,324 shares of the business's stock in a transaction dated 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John Dabiri sold 2,663 shares of NVIDIA stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $110.00, for a total transaction of $292,930.00. Following the completion of the sale, the director now directly owns 17,279 shares in the company, valued at $1,900,690. This trade represents a 13.35 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 147,147 shares of company stock worth $17,133,207 in the last 90 days. Corporate insiders own 4.23% of the company's stock.

NVIDIA Trading Up 2.6 %

Shares of NVDA stock traded up $2.93 on Friday, hitting $114.54. The company had a trading volume of 63,791,003 shares, compared to its average volume of 300,662,153. The stock's 50-day moving average is $111.09 and its two-hundred day moving average is $128.31. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. The firm has a market cap of $2.79 trillion, a P/E ratio of 44.93, a P/E/G ratio of 1.76 and a beta of 1.96. NVIDIA Co. has a twelve month low of $83.20 and a twelve month high of $195.95.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued 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. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The firm had revenue of $39.33 billion for the quarter, compared to the consensus estimate of $38.16 billion. On average, equities research analysts anticipate that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

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

About NVIDIA

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.