Hilltop National Bank Has $9.87 Million Stake in NVIDIA Co. (NASDAQ:NVDA)

Hilltop National Bank trimmed its stake in NVIDIA Co. (NASDAQ:NVDAFree Report) by 2.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 73,467 shares of the computer hardware maker’s stock after selling 1,830 shares during the period. NVIDIA makes up approximately 3.0% of Hilltop National Bank’s portfolio, making the stock its 5th biggest holding. Hilltop National Bank’s holdings in NVIDIA were worth $9,866,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. ST Germain D J Co. Inc. raised its position in NVIDIA by 1.4% during the fourth quarter. ST Germain D J Co. Inc. now owns 18,757 shares of the computer hardware maker’s stock valued at $2,519,000 after purchasing an additional 256 shares in the last quarter. Avondale Wealth Management increased its position in shares of NVIDIA by 0.9% during the 4th quarter. Avondale Wealth Management now owns 20,380 shares of the computer hardware maker’s stock valued at $2,737,000 after purchasing an additional 175 shares during the last quarter. ORG Partners LLC raised its holdings in shares of NVIDIA by 23.5% during the 4th quarter. ORG Partners LLC now owns 71,958 shares of the computer hardware maker’s stock valued at $9,664,000 after buying an additional 13,669 shares in the last quarter. Baker Tilly Wealth Management LLC lifted its position in NVIDIA by 0.8% in the 4th quarter. Baker Tilly Wealth Management LLC now owns 58,975 shares of the computer hardware maker’s stock worth $7,920,000 after buying an additional 469 shares during the last quarter. Finally, Wealth Group Ltd boosted its stake in NVIDIA by 1.8% in the fourth quarter. Wealth Group Ltd now owns 5,702 shares of the computer hardware maker’s stock worth $766,000 after buying an additional 100 shares in the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

NVIDIA Trading Down 3.1 %

NASDAQ NVDA opened at $142.62 on Monday. NVIDIA Co. has a 12 month low of $60.57 and a 12 month high of $153.13. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. The stock’s fifty day moving average price is $138.72 and its 200-day moving average price is $129.55. The stock has a market cap of $3.49 trillion, a P/E ratio of 56.13, a P/E/G ratio of 2.65 and a beta of 1.64.

NVIDIA (NASDAQ:NVDAGet Free Report) last announced its quarterly earnings data on Wednesday, November 20th. The computer hardware maker reported $0.81 EPS for the quarter, beating the consensus estimate of $0.69 by $0.12. The company had revenue of $35.08 billion for the quarter, compared to the consensus estimate of $33.15 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. NVIDIA’s revenue for the quarter was up 93.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.38 EPS. As a group, equities analysts forecast that NVIDIA Co. will post 2.78 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Thursday, December 5th were issued a $0.01 dividend. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. NVIDIA’s payout ratio is currently 1.57%.

Insider Buying and Selling at NVIDIA

In other news, Director John Dabiri sold 716 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $142.00, for a total transaction of $101,672.00. Following the sale, the director now owns 19,942 shares of the company’s stock, valued at $2,831,764. This trade represents a 3.47 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Tench Coxe sold 1,000,000 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $131.26, for a total transaction of $131,260,000.00. Following the transaction, the director now directly owns 28,671,360 shares of the company’s stock, valued at $3,763,402,713.60. The trade was a 3.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,108,348 shares of company stock worth $146,506,958. Insiders own 4.23% of the company’s stock.

Analysts Set New Price Targets

NVDA has been the topic of several research reports. Wells Fargo & Company lifted their price target on shares of NVIDIA from $165.00 to $185.00 and gave the stock an “overweight” rating in a research note on Thursday, November 21st. Needham & Company LLC lifted their target price on shares of NVIDIA from $145.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Citigroup boosted their price target on shares of NVIDIA from $170.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Phillip Securities reaffirmed an “accumulate” rating and set a $160.00 price objective (up from $155.00) on shares of NVIDIA in a research note on Friday, November 22nd. Finally, Benchmark reissued a “buy” rating and issued a $190.00 target price on shares of NVIDIA in a research note on Tuesday, January 7th. Four research analysts have rated the stock with a hold rating, thirty-nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, NVIDIA currently has a consensus rating of “Moderate Buy” and a consensus target price of $164.63.

View Our Latest Stock Report on NVDA

NVIDIA Profile

(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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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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