NVIDIA Co. (NASDAQ:NVDA) Shares Sold by Grove Bank & Trust

Grove Bank & Trust lowered its position in NVIDIA Co. (NASDAQ:NVDA) by 2.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,510 shares of the computer hardware maker’s stock after selling 312 shares during the period. NVIDIA comprises approximately 1.0% of Grove Bank & Trust’s holdings, making the stock its 22nd largest position. Grove Bank & Trust’s holdings in NVIDIA were worth $5,700,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Heartland Bank & Trust Co lifted its position in shares of NVIDIA by 1.6% during the 3rd quarter. Heartland Bank & Trust Co now owns 11,304 shares of the computer hardware maker’s stock valued at $4,917,000 after acquiring an additional 176 shares during the period. Moody National Bank Trust Division lifted its position in shares of NVIDIA by 6.4% during the 3rd quarter. Moody National Bank Trust Division now owns 50,119 shares of the computer hardware maker’s stock valued at $21,801,000 after acquiring an additional 3,035 shares during the period. Ayrshire Capital Management LLC lifted its position in shares of NVIDIA by 6.6% during the 3rd quarter. Ayrshire Capital Management LLC now owns 549 shares of the computer hardware maker’s stock valued at $239,000 after acquiring an additional 34 shares during the period. Capital City Trust Co. FL lifted its position in shares of NVIDIA by 162.1% during the 3rd quarter. Capital City Trust Co. FL now owns 3,551 shares of the computer hardware maker’s stock valued at $1,545,000 after acquiring an additional 2,196 shares during the period. Finally, Kohmann Bosshard Financial Services LLC increased its stake in shares of NVIDIA by 3.5% during the 3rd quarter. Kohmann Bosshard Financial Services LLC now owns 1,412 shares of the computer hardware maker’s stock worth $614,000 after purchasing an additional 48 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. Argus raised their price objective on shares of NVIDIA from $850.00 to $950.00 and gave the stock a “buy” rating in a research note on Wednesday, March 20th. Raymond James raised their price objective on shares of NVIDIA from $850.00 to $1,100.00 and gave the stock a “strong-buy” rating in a research note on Thursday, April 11th. Wells Fargo & Company raised their price objective on shares of NVIDIA from $840.00 to $970.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 19th. Piper Sandler raised their price objective on shares of NVIDIA from $850.00 to $1,050.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 20th. Finally, Craig Hallum raised their price objective on shares of NVIDIA from $700.00 to $850.00 and gave the stock a “buy” rating in a research note on Thursday, February 22nd. Four research analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $940.30.

NVIDIA Stock Up 4.4 %

Shares of NASDAQ NVDA opened at $795.18 on Tuesday. 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 stock has a market capitalization of $1.99 trillion, a PE ratio of 66.60, a P/E/G ratio of 1.09 and a beta of 1.73. The firm has a fifty day moving average of $846.17 and a 200-day moving average of $627.28. NVIDIA Co. has a 52-week low of $262.25 and a 52-week high of $974.00.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share for the quarter, beating the consensus estimate of $4.21 by $0.95. The business had revenue of $22.10 billion for 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 business’s quarterly revenue was up 265.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.65 EPS. On average, analysts anticipate that NVIDIA Co. will post 22.55 EPS for the current year.

NVIDIA Dividend Announcement

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

Insiders Place Their Bets

In other NVIDIA news, Director Mark A. Stevens sold 5,000 shares of the business’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $800.74, for a total value of $4,003,700.00. Following the transaction, the director now owns 1,119,583 shares in the company, valued at approximately $896,494,891.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director John Dabiri sold 128 shares of the company’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $940.00, for a total value of $120,320.00. Following the sale, the director now owns 2,055 shares in the company, valued at approximately $1,931,700. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Mark A. Stevens sold 5,000 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $800.74, for a total transaction of $4,003,700.00. Following the completion of the sale, the director now owns 1,119,583 shares in the company, valued at approximately $896,494,891.42. The disclosure for this sale can be found here. Insiders have sold 61,278 shares of company stock worth $52,689,898 in the last quarter. 3.99% of the stock is owned by corporate insiders.

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.