Plimoth Trust Co. LLC Has $5.52 Million Stock Position in NVIDIA Co. (NASDAQ:NVDA)

Plimoth Trust Co. LLC trimmed its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 1.3% during the fourth quarter, Holdings Channel reports. The firm owned 11,137 shares of the computer hardware maker’s stock after selling 144 shares during the period. NVIDIA comprises 1.6% of Plimoth Trust Co. LLC’s holdings, making the stock its 15th biggest holding. Plimoth Trust Co. LLC’s holdings in NVIDIA were worth $5,515,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Capasso Planning Partners LLC raised its stake in shares of NVIDIA by 9.4% in the fourth quarter. Capasso Planning Partners LLC now owns 560 shares of the computer hardware maker’s stock valued at $277,000 after acquiring an additional 48 shares during the last quarter. Soltis Investment Advisors LLC raised its stake in shares of NVIDIA by 9.3% in the fourth quarter. Soltis Investment Advisors LLC now owns 17,942 shares of the computer hardware maker’s stock valued at $8,885,000 after acquiring an additional 1,522 shares during the last quarter. Vivid Wealth Management LLC bought a new position in shares of NVIDIA in the fourth quarter valued at approximately $601,000. Keener Financial Planning LLC bought a new position in shares of NVIDIA in the fourth quarter valued at approximately $213,000. Finally, Harbour Trust & Investment Management Co bought a new position in shares of NVIDIA in the fourth quarter valued at approximately $55,749,000. 65.27% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Mark A. Stevens sold 10,000 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $797.57, for a total value of $7,975,700.00. Following the completion of the transaction, the director now directly owns 1,124,583 shares of the company’s stock, valued at approximately $896,933,663.31. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director Mark A. Stevens sold 10,000 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $797.57, for a total value of $7,975,700.00. Following the completion of the transaction, the director now directly owns 1,124,583 shares of the company’s stock, valued at approximately $896,933,663.31. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Donald F. Robertson, Jr. sold 450 shares of the company’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $911.62, for a total transaction of $410,229.00. Following the completion of the transaction, the insider now directly owns 49,815 shares of the company’s stock, valued at $45,412,350.30. The disclosure for this sale can be found here. In the last ninety days, insiders sold 61,278 shares of company stock valued at $52,689,898. Company insiders own 3.99% of the company’s stock.

NVIDIA Price Performance

Shares of NVDA stock opened at $840.35 on Thursday. NVIDIA Co. has a 12-month low of $262.25 and a 12-month high of $974.00. The firm has a market capitalization of $2.10 trillion, a price-to-earnings ratio of 70.38, a price-to-earnings-growth ratio of 1.26 and a beta of 1.73. The company has a quick ratio of 3.67, a current ratio of 4.17 and a debt-to-equity ratio of 0.20. The firm has a fifty day moving average of $840.89 and a 200-day moving average of $618.47.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.21 by $0.95. The company had revenue of $22.10 billion during the quarter, compared to analyst estimates of $20.40 billion. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The firm’s revenue was up 265.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.65 EPS. On average, equities research analysts forecast that NVIDIA Co. will post 22.45 earnings per share for the current year.

NVIDIA Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 6th were paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.02%. The ex-dividend date was Tuesday, March 5th. NVIDIA’s payout ratio is presently 1.34%.

Wall Street Analyst Weigh In

NVDA has been the subject of a number of research analyst reports. Oppenheimer lifted their target price on shares of NVIDIA from $850.00 to $1,100.00 and gave the company an “outperform” rating in a research note on Wednesday, March 20th. Wells Fargo & Company lifted their target price on shares of NVIDIA from $840.00 to $970.00 and gave the company an “overweight” rating in a research note on Tuesday, March 19th. Cantor Fitzgerald restated an “overweight” rating and issued a $900.00 price objective on shares of NVIDIA in a research report on Monday, March 4th. Wolfe Research boosted their price objective on shares of NVIDIA from $630.00 to $900.00 and gave the stock an “outperform” rating in a research report on Thursday, February 22nd. Finally, Wedbush restated an “outperform” rating and issued a $1,000.00 price objective on shares of NVIDIA in a research report on Tuesday, March 19th. Four research analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, NVIDIA currently has a consensus rating of “Moderate Buy” and an average target price of $940.30.

NVIDIA Company 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.