Hancock Whitney Corp Acquires 42,274 Shares of NVIDIA Co. (NASDAQ:NVDA)

Hancock Whitney Corp increased its stake in NVIDIA Co. (NASDAQ:NVDA) by 5.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 787,094 shares of the computer hardware maker’s stock after purchasing an additional 42,274 shares during the period. NVIDIA accounts for 3.3% of Hancock Whitney Corp’s portfolio, making the stock its 5th largest position. Hancock Whitney Corp’s holdings in NVIDIA were worth $105,699,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Norges Bank bought a new stake in shares of NVIDIA during the 4th quarter worth about $43,515,504,000. Proficio Capital Partners LLC raised its position in shares of NVIDIA by 14,641.2% during the fourth quarter. Proficio Capital Partners LLC now owns 34,676,316 shares of the computer hardware maker’s stock worth $4,656,682,000 after purchasing an additional 34,441,082 shares during the period. Capital International Investors boosted its holdings in shares of NVIDIA by 34.7% in the fourth quarter. Capital International Investors now owns 62,883,868 shares of the computer hardware maker’s stock worth $8,445,182,000 after buying an additional 16,189,550 shares during the period. APG Asset Management N.V. grew its position in NVIDIA by 493.2% during the 4th quarter. APG Asset Management N.V. now owns 18,415,785 shares of the computer hardware maker’s stock worth $2,388,272,000 after purchasing an additional 15,311,330 shares in the last quarter. Finally, GQG Partners LLC raised its position in NVIDIA by 132.3% during the fourth quarter. GQG Partners LLC now owns 25,697,930 shares of the computer hardware maker’s stock valued at $3,450,975,000 after buying an additional 14,636,057 shares during the period. Institutional investors and hedge funds own 65.27% of the company’s stock.

Insider Activity at NVIDIA

In related news, Director Aarti S. Shah sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $118.42, for a total value of $2,368,400.00. Following the completion of the sale, the director now owns 53,208 shares in the company, valued at approximately $6,300,891.36. The trade was a 27.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John Dabiri sold 2,663 shares of the company’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $110.00, for a total transaction of $292,930.00. Following the completion of the sale, the director now directly owns 17,279 shares of the company’s stock, valued at approximately $1,900,690. This trade represents a 13.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 147,147 shares of company stock valued at $17,133,207. Insiders own 4.23% of the company’s stock.

Analyst Ratings Changes

NVDA has been the subject of a number of research reports. William Blair reissued an “outperform” rating on shares of NVIDIA in a research note on Thursday, March 20th. TD Cowen lowered their target price on shares of NVIDIA from $175.00 to $140.00 and set a “buy” rating on the stock in a research note on Wednesday, April 9th. DA Davidson reduced their price objective on NVIDIA from $125.00 to $120.00 and set a “neutral” rating for the company in a research report on Monday, April 14th. UBS Group decreased their target price on NVIDIA from $180.00 to $175.00 and set a “buy” rating on the stock in a research report on Monday, May 12th. Finally, Piper Sandler restated an “overweight” rating on shares of NVIDIA in a research note on Friday, April 25th. One research analyst has rated the stock with a sell rating, six have given a hold rating, thirty-six have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, NVIDIA currently has an average rating of “Moderate Buy” and an average price target of $164.84.

NVIDIA Price Performance

Shares of NASDAQ:NVDA opened at $135.57 on Tuesday. 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 firm has a market cap of $3.32 trillion, a price-to-earnings ratio of 53.35, a price-to-earnings-growth ratio of 1.76 and a beta of 2.11. The business has a 50-day simple moving average of $112.73 and a two-hundred day simple moving average of $126.93. NVIDIA Co. has a fifty-two week low of $86.62 and a fifty-two week high of $195.95.

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

NVIDIA Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. The ex-dividend date of this dividend was Wednesday, March 12th. NVIDIA’s dividend payout ratio (DPR) is currently 1.36%.

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.