Whittier Trust Co. of Nevada Inc. raised its stake in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 4.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,513,218 shares of the computer hardware maker's stock after acquiring an additional 64,269 shares during the period. NVIDIA makes up 5.0% of Whittier Trust Co. of Nevada Inc.'s portfolio, making the stock its 3rd largest holding. Whittier Trust Co. of Nevada Inc.'s holdings in NVIDIA were worth $203,210,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Geode Capital Management LLC increased its holdings in shares of NVIDIA by 2.2% in the 3rd quarter. Geode Capital Management LLC now owns 546,079,492 shares of the computer hardware maker's stock worth $66,101,133,000 after buying an additional 11,525,969 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of NVIDIA by 3.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 180,403,789 shares of the computer hardware maker's stock worth $21,908,236,000 after buying an additional 6,526,200 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of NVIDIA by 3.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 151,280,130 shares of the computer hardware maker's stock worth $20,315,409,000 after buying an additional 5,211,040 shares during the last quarter. Amundi increased its holdings in shares of NVIDIA by 12.9% in the 4th quarter. Amundi now owns 117,036,612 shares of the computer hardware maker's stock worth $16,394,224,000 after buying an additional 13,406,054 shares during the last quarter. Finally, Fisher Asset Management LLC increased its holdings in shares of NVIDIA by 1.7% in the 4th quarter. Fisher Asset Management LLC now owns 98,339,379 shares of the computer hardware maker's stock worth $13,205,995,000 after buying an additional 1,618,672 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors.
Insider Buying and Selling
In other NVIDIA news, CFO Colette Kress sold 66,660 shares of NVIDIA stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $116.83, for a total transaction of $7,787,887.80. Following the completion of the sale, the chief financial officer now owns 3,085,765 shares of the company's stock, valued at approximately $360,509,924.95. The trade was a 2.11 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John Dabiri sold 2,663 shares of NVIDIA stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $110.00, for a total value of $292,930.00. Following the sale, the director now directly owns 17,279 shares of the company's stock, valued at approximately $1,900,690. This 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 ninety days. 4.23% of the stock is owned by insiders.
NVIDIA Stock Down 2.0 %
NVDA stock traded down $2.25 on Monday, hitting $108.76. 206,908,127 shares of the company's stock were exchanged, compared to its average volume of 304,253,827. NVIDIA Co. has a 12-month low of $81.25 and a 12-month high of $195.95. The firm has a 50 day moving average price of $112.60 and a two-hundred day moving average price of $128.76. 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 stock has a market cap of $2.65 trillion, a P/E ratio of 42.80, a price-to-earnings-growth ratio of 1.76 and a beta of 1.96.
NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.05. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The firm had revenue of $39.33 billion for the quarter, compared to the consensus estimate of $38.16 billion. As a group, equities research analysts expect that NVIDIA Co. will post 2.77 EPS for the current fiscal year.
NVIDIA Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were paid a dividend of $0.01 per share. The ex-dividend date was Wednesday, March 12th. This represents a $0.04 annualized dividend and a yield of 0.04%. NVIDIA's dividend payout ratio (DPR) is 1.36%.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on the stock. Bank of America reduced their target price on shares of NVIDIA from $200.00 to $160.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. DZ Bank raised shares of NVIDIA from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 28th. Rosenblatt Securities dropped their price target on shares of NVIDIA from $220.00 to $200.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Needham & Company LLC reaffirmed a "buy" rating and set a $160.00 price target on shares of NVIDIA in a research note on Wednesday, March 19th. Finally, William Blair reaffirmed an "outperform" rating on shares of NVIDIA in a research note on Thursday, March 20th. Six analysts have rated the stock with a hold rating, thirty-six have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $164.96.
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NVIDIA Company 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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