First National Bank of Hutchinson Has $6.71 Million Position in NVIDIA Co. (NASDAQ:NVDA)

First National Bank of Hutchinson boosted its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 8.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,996 shares of the computer hardware maker’s stock after acquiring an additional 4,015 shares during the quarter. NVIDIA accounts for approximately 4.1% of First National Bank of Hutchinson’s investment portfolio, making the stock its 5th biggest holding. First National Bank of Hutchinson’s holdings in NVIDIA were worth $6,714,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Strategic Financial Services Inc. raised its stake in NVIDIA by 7.0% in the 4th quarter. Strategic Financial Services Inc. now owns 12,720 shares of the computer hardware maker’s stock valued at $1,708,000 after acquiring an additional 836 shares during the period. Milestone Resources Group Ltd raised its position in shares of NVIDIA by 0.3% in the fourth quarter. Milestone Resources Group Ltd now owns 3,396,847 shares of the computer hardware maker’s stock valued at $456,163,000 after purchasing an additional 8,992 shares during the period. Lindenwold Advisors INC lifted its stake in shares of NVIDIA by 33.8% during the 4th quarter. Lindenwold Advisors INC now owns 45,628 shares of the computer hardware maker’s stock worth $6,127,000 after buying an additional 11,516 shares during the last quarter. Generali Investments Management Co LLC acquired a new position in NVIDIA in the 4th quarter valued at about $22,559,000. Finally, GM Advisory Group LLC grew its position in shares of NVIDIA by 0.4% in the fourth quarter. GM Advisory Group LLC now owns 250,714 shares of the computer hardware maker’s stock valued at $33,668,000 after purchasing an additional 1,077 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

NVIDIA Stock Performance

NASDAQ:NVDA opened at $102.67 on Thursday. The stock’s 50-day moving average is $114.42 and its 200-day moving average is $129.31. NVIDIA Co. has a 1-year low of $78.22 and a 1-year high of $195.95. 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 has a market cap of $2.51 trillion, a P/E ratio of 40.41, a price-to-earnings-growth ratio of 1.76 and a beta of 1.96.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.05. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The firm had revenue of $39.33 billion during the quarter, compared to the consensus estimate of $38.16 billion. Equities research analysts anticipate that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were given a $0.01 dividend. The ex-dividend date was Wednesday, March 12th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.04%. NVIDIA’s dividend payout ratio (DPR) is presently 1.36%.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, insider Donald F. Robertson, Jr. sold 4,500 shares of NVIDIA stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $116.80, for a total value of $525,600.00. Following the completion of the sale, the insider now directly owns 479,428 shares in the company, valued at approximately $55,997,190.40. The trade was a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Robert K. Burgess sold 53,324 shares of the stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $115.49, for a total value of $6,158,388.76. Following the transaction, the director now owns 251,044 shares in the company, valued at $28,993,071.56. The trade was a 17.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 147,147 shares of company stock worth $17,133,207. Insiders own 4.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on NVDA shares. HSBC cut NVIDIA from a “buy” rating to a “hold” rating and set a $120.00 price target for the company. in a report on Thursday, April 3rd. TD Cowen dropped their target price on NVIDIA from $175.00 to $140.00 and set a “buy” rating for the company in a report on Wednesday, April 9th. DZ Bank upgraded shares of NVIDIA from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 28th. Hsbc Global Res downgraded shares of NVIDIA from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 3rd. Finally, Barclays decreased their target price on shares of NVIDIA from $175.00 to $155.00 and set an “overweight” rating on the stock in a research report on Tuesday. Six research analysts have rated the stock with a hold rating, thirty-six have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $165.01.

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.