Moody National Bank Trust Division Cuts Holdings in NVIDIA Co. (NASDAQ:NVDA)

Moody National Bank Trust Division trimmed its stake in NVIDIA Co. (NASDAQ:NVDAFree Report) by 3.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 300,571 shares of the computer hardware maker’s stock after selling 9,968 shares during the period. NVIDIA accounts for about 4.2% of Moody National Bank Trust Division’s investment portfolio, making the stock its biggest holding. Moody National Bank Trust Division’s holdings in NVIDIA were worth $40,364,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently modified their holdings of the company. Christopher J. Hasenberg Inc purchased a new stake in shares of NVIDIA in the 3rd quarter worth approximately $27,000. Quest Partners LLC bought a new stake in shares of NVIDIA in the second quarter worth $27,000. University of Texas Texas AM Investment Management Co. purchased a new stake in shares of NVIDIA during the 2nd quarter valued at about $31,000. Legend Financial Advisors Inc. purchased a new position in shares of NVIDIA in the fourth quarter worth approximately $34,000. Finally, West Financial Advisors LLC purchased a new stake in NVIDIA during the third quarter valued at approximately $36,000. Institutional investors own 65.27% of the company’s stock.

NVIDIA Trading Up 7.9 %

NASDAQ NVDA opened at $127.80 on Wednesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. The company has a market capitalization of $3.13 trillion, a price-to-earnings ratio of 50.29, a price-to-earnings-growth ratio of 2.65 and a beta of 1.64. The company’s 50-day simple moving average is $138.29 and its two-hundred day simple moving average is $129.45. NVIDIA Co. has a one year low of $60.70 and a one year high of $153.13.

NVIDIA (NASDAQ:NVDAGet Free Report) last announced its earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.12. The company had revenue of $35.08 billion during 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 was up 93.6% compared to the same quarter last year. During the same period last year, the firm earned $0.38 earnings per share. Equities analysts forecast that NVIDIA Co. will post 2.78 EPS for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Thursday, December 5th were paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.03%. The ex-dividend date was Thursday, December 5th. NVIDIA’s payout ratio is 1.57%.

Insider Activity at NVIDIA

In other news, Director Tench Coxe sold 1,000,000 shares of the stock in a transaction dated 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 sale, the director now directly owns 28,671,360 shares of the company’s stock, valued at $3,763,402,713.60. This represents a 3.37 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Ajay K. Puri sold 36,462 shares of NVIDIA stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $151.10, for a total value of $5,509,408.20. Following the completion of the transaction, the executive vice president now owns 3,902,888 shares of the company’s stock, valued at approximately $589,726,376.80. This represents a 0.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,108,348 shares of company stock worth $146,506,958 over the last three months. Company insiders own 4.23% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. The Goldman Sachs Group lifted their price target on shares of NVIDIA from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Evercore ISI boosted their price target on NVIDIA from $189.00 to $190.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft raised their price objective on NVIDIA from $115.00 to $140.00 and gave the stock a “hold” rating in a research note on Thursday, November 21st. Susquehanna boosted their price objective on NVIDIA from $160.00 to $180.00 and gave the company a “positive” rating in a research note on Thursday, November 14th. Finally, Benchmark restated a “buy” rating and set a $190.00 target price on shares of NVIDIA in a research note on Tuesday, January 7th. Four investment analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, NVIDIA presently has a consensus rating of “Moderate Buy” and an average target price of $166.23.

Get Our Latest Stock Report on NVIDIA

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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