Trust Investment Advisors Has $1.84 Million Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

Trust Investment Advisors cut its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 0.6% during the 4th quarter, Holdings Channel reports. The firm owned 3,723 shares of the computer hardware maker’s stock after selling 21 shares during the quarter. NVIDIA comprises 1.4% of Trust Investment Advisors’ portfolio, making the stock its 15th biggest holding. Trust Investment Advisors’ holdings in NVIDIA were worth $1,844,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Moody Lynn & Lieberson LLC boosted its holdings in shares of NVIDIA by 7.2% during the 3rd quarter. Moody Lynn & Lieberson LLC now owns 89,053 shares of the computer hardware maker’s stock worth $38,737,000 after buying an additional 5,998 shares during the period. TrueMark Investments LLC bought a new stake in shares of NVIDIA during the 4th quarter worth about $2,639,000. McLean Asset Management Corp boosted its holdings in shares of NVIDIA by 11.7% during the 4th quarter. McLean Asset Management Corp now owns 1,773 shares of the computer hardware maker’s stock worth $871,000 after buying an additional 186 shares during the period. Cornercap Investment Counsel Inc. boosted its holdings in shares of NVIDIA by 5.7% during the 4th quarter. Cornercap Investment Counsel Inc. now owns 3,900 shares of the computer hardware maker’s stock worth $1,931,000 after buying an additional 209 shares during the period. Finally, Shilanski & Associates Inc. boosted its holdings in shares of NVIDIA by 15.9% during the 4th quarter. Shilanski & Associates Inc. now owns 2,983 shares of the computer hardware maker’s stock worth $1,477,000 after buying an additional 410 shares during the period. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Mark A. Stevens sold 22,700 shares of NVIDIA stock in a transaction on Friday, April 5th. The shares were sold at an average price of $879.97, for a total transaction of $19,975,319.00. Following the completion of the transaction, the director now owns 1,052,133 shares of the company’s stock, valued at $925,845,476.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Mark A. Stevens sold 22,700 shares of NVIDIA stock in a transaction on Friday, April 5th. The shares were sold at an average price of $879.97, for a total transaction of $19,975,319.00. Following the completion of the transaction, the director now owns 1,052,133 shares of the company’s stock, valued at $925,845,476.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Donald F. Robertson, Jr. sold 450 shares of NVIDIA 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 transaction, the insider now directly owns 49,815 shares of the company’s stock, valued at approximately $45,412,350.30. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 61,278 shares of company stock valued at $52,689,898. Insiders own 3.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on NVDA shares. Bank of America boosted their price objective on shares of NVIDIA from $925.00 to $1,100.00 and gave the company a “buy” rating in a report on Wednesday, March 13th. Raymond James boosted their price objective on shares of NVIDIA from $850.00 to $1,100.00 and gave the company a “strong-buy” rating in a report on Thursday, April 11th. Morgan Stanley boosted their price objective on shares of NVIDIA from $795.00 to $1,000.00 and gave the company an “overweight” rating in a report on Wednesday, April 10th. Citigroup boosted their price objective on shares of NVIDIA from $820.00 to $1,030.00 and gave the company a “buy” rating in a report on Wednesday, March 20th. Finally, Oppenheimer boosted their price objective on shares of NVIDIA from $850.00 to $1,100.00 and gave the company an “outperform” rating in a report on Wednesday, March 20th. Four investment 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $940.30.

NVIDIA Price Performance

NVDA stock opened at $877.35 on Friday. The company has a fifty day moving average price of $854.40 and a 200-day moving average price of $636.58. The company has a market capitalization of $2.19 trillion, a P/E ratio of 73.48, a PEG ratio of 1.18 and a beta of 1.73. NVIDIA Co. has a 52-week low of $266.25 and a 52-week high of $974.00. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.67 and a current ratio of 4.17.

NVIDIA (NASDAQ:NVDA) last released 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 firm had revenue of $22.10 billion during the quarter, compared to the consensus estimate of $20.40 billion. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The company’s revenue for the quarter was up 265.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.65 earnings per share. As a group, equities analysts expect that NVIDIA Co. will post 22.55 EPS for the current year.

NVIDIA Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 6th were paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.02%. The ex-dividend date of this dividend was Tuesday, March 5th. NVIDIA’s payout ratio is currently 1.34%.

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.