Colonial Trust Co SC Raises Stock Position in NVIDIA Co. (NASDAQ:NVDA)

Colonial Trust Co SC lifted its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 8.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 80,240 shares of the computer hardware maker’s stock after buying an additional 6,035 shares during the quarter. NVIDIA comprises approximately 1.6% of Colonial Trust Co SC’s investment portfolio, making the stock its 7th biggest holding. Colonial Trust Co SC’s holdings in NVIDIA were worth $10,775,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. DiNuzzo Private Wealth Inc. increased its position in shares of NVIDIA by 0.8% during the fourth quarter. DiNuzzo Private Wealth Inc. now owns 8,612 shares of the computer hardware maker’s stock worth $1,157,000 after acquiring an additional 71 shares in the last quarter. Baker Boyer National Bank lifted its holdings in shares of NVIDIA by 3.3% in the fourth quarter. Baker Boyer National Bank now owns 2,403 shares of the computer hardware maker’s stock valued at $323,000 after purchasing an additional 76 shares in the last quarter. Kwmg LLC boosted its position in shares of NVIDIA by 0.6% during the fourth quarter. Kwmg LLC now owns 13,067 shares of the computer hardware maker’s stock worth $1,755,000 after buying an additional 77 shares during the period. SC&H Financial Advisors Inc. grew its holdings in shares of NVIDIA by 1.6% during the fourth quarter. SC&H Financial Advisors Inc. now owns 5,074 shares of the computer hardware maker’s stock worth $681,000 after buying an additional 80 shares in the last quarter. Finally, DecisionPoint Financial LLC boosted its holdings in NVIDIA by 2.9% during the fourth quarter. DecisionPoint Financial LLC now owns 2,878 shares of the computer hardware maker’s stock worth $386,000 after purchasing an additional 80 shares during the last quarter. 65.27% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. DZ Bank upgraded NVIDIA from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 28th. UBS Group restated a “buy” rating on shares of NVIDIA in a research note on Friday. Mizuho lowered their price target on shares of NVIDIA from $175.00 to $168.00 and set an “outperform” rating on the stock in a report on Friday, March 14th. Seaport Res Ptn upgraded shares of NVIDIA to a “strong sell” rating in a research report on Wednesday, April 30th. Finally, DA Davidson decreased their target price on NVIDIA from $125.00 to $120.00 and set a “neutral” rating on the stock in a research report on Monday, April 14th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, thirty-three have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $167.53.

NVIDIA Stock Performance

Shares of NASDAQ NVDA opened at $131.29 on Monday. The stock has a market capitalization of $3.21 trillion, a PE ratio of 51.67, a price-to-earnings-growth ratio of 1.76 and a beta of 2.11. NVIDIA Co. has a 52 week low of $86.62 and a 52 week high of $195.95. The stock has a 50 day moving average price of $113.89 and a 200 day moving average price of $126.65. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data 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 return on equity of 114.83% and a net margin of 55.69%. The firm had revenue of $39.33 billion for the quarter, compared to analyst estimates of $38.16 billion. Analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current fiscal 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 $0.01 dividend. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $0.04 annualized dividend and a yield of 0.03%. NVIDIA’s dividend payout ratio is presently 1.36%.

Insider Activity

In other NVIDIA news, CFO Colette Kress sold 66,660 shares of the business’s stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $116.83, for a total transaction of $7,787,887.80. Following the completion of the transaction, the chief financial officer now owns 3,085,765 shares of the company’s stock, valued at approximately $360,509,924.95. The trade was a 2.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $116.80, for a total transaction of $525,600.00. Following the completion of the transaction, the insider now directly owns 479,428 shares of the company’s stock, valued at $55,997,190.40. This trade represents a 0.93% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 147,147 shares of company stock worth $17,133,207. 4.17% of the stock is currently owned by company insiders.

About NVIDIA

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.