Intrust Bank NA Sells 1,122 Shares of NVIDIA Co. (NASDAQ:NVDA)

Intrust Bank NA lessened its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 4.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,688 shares of the computer hardware maker’s stock after selling 1,122 shares during the period. NVIDIA makes up about 1.2% of Intrust Bank NA’s investment portfolio, making the stock its 14th largest holding. Intrust Bank NA’s holdings in NVIDIA were worth $10,740,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in NVDA. LFA Lugano Financial Advisors SA bought a new stake in shares of NVIDIA during the fourth quarter valued at approximately $28,000. Criterion Capital Advisors LLC bought a new stake in shares of NVIDIA in the 4th quarter worth $28,000. Your Advocates Ltd. LLP purchased a new position in shares of NVIDIA in the third quarter worth $30,000. Trivant Custom Portfolio Group LLC lifted its holdings in shares of NVIDIA by 44.1% during the third quarter. Trivant Custom Portfolio Group LLC now owns 98 shares of the computer hardware maker’s stock valued at $43,000 after purchasing an additional 30 shares in the last quarter. Finally, O Brien Wealth Partners LLC boosted its position in shares of NVIDIA by 139.5% during the fourth quarter. O Brien Wealth Partners LLC now owns 91 shares of the computer hardware maker’s stock valued at $45,000 after buying an additional 53 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

NVIDIA Stock Down 1.7 %

Shares of NVDA opened at $905.54 on Wednesday. The business’s 50 day simple moving average is $872.36 and its 200-day simple moving average is $659.34. NVIDIA Co. has a 1 year low of $280.46 and a 1 year high of $974.00. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.17 and a quick ratio of 3.67. The stock has a market capitalization of $2.26 trillion, a price-to-earnings ratio of 75.84, a price-to-earnings-growth ratio of 1.27 and a beta of 1.75.

NVIDIA (NASDAQ:NVDA) last announced its 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 for the quarter, compared to analysts’ expectations of $20.40 billion. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The business’s revenue was up 265.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.65 EPS. As a group, equities analysts expect that NVIDIA Co. will post 22.55 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The business also recently declared 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 annualized dividend and a yield of 0.02%. The ex-dividend date was Tuesday, March 5th. NVIDIA’s dividend payout ratio is presently 1.34%.

Wall Street Analyst Weigh In

Several research firms have issued reports on NVDA. Citigroup upped their target price on shares of NVIDIA from $820.00 to $1,030.00 and gave the company a “buy” rating in a research note on Wednesday, March 20th. Raymond James increased their price objective on shares of NVIDIA from $850.00 to $1,100.00 and gave the company a “strong-buy” rating in a research report on Thursday, April 11th. Bank of America lifted their target price on shares of NVIDIA from $925.00 to $1,100.00 and gave the stock a “buy” rating in a research report on Wednesday, March 13th. UBS Group upped their price objective on NVIDIA from $1,100.00 to $1,150.00 and gave the company a “buy” rating in a research report on Tuesday, April 30th. Finally, Benchmark reissued a “buy” rating and issued a $1,000.00 target price on shares of NVIDIA in a research report on Wednesday, March 20th. Four equities research analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $944.05.

Insider Activity at NVIDIA

In other news, Director John Dabiri sold 128 shares of the firm’s stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $940.00, for a total transaction of $120,320.00. Following the transaction, the director now directly owns 2,055 shares of the company’s stock, valued at $1,931,700. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, Director John Dabiri sold 128 shares of the stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $940.00, for a total value of $120,320.00. Following the transaction, the director now owns 2,055 shares of the company’s stock, valued at $1,931,700. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Donald F. Robertson, Jr. sold 450 shares of the firm’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $911.62, for a total value of $410,229.00. Following the transaction, the insider now owns 49,815 shares in the company, valued at $45,412,350.30. The disclosure for this sale can be found here. Insiders sold 61,278 shares of company stock worth $52,689,898 in the last 90 days. 3.99% of the stock is owned by corporate insiders.

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.