First American Trust FSB Grows Position in NVIDIA Corporation $NVDA

First American Trust FSB boosted its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 23.2% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 282,063 shares of the computer hardware maker’s stock after purchasing an additional 53,205 shares during the quarter. NVIDIA accounts for about 3.6% of First American Trust FSB’s portfolio, making the stock its 4th largest holding. First American Trust FSB’s holdings in NVIDIA were worth $44,563,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Brighton Jones LLC increased its stake in NVIDIA by 12.4% during the 4th quarter. Brighton Jones LLC now owns 324,901 shares of the computer hardware maker’s stock worth $43,631,000 after acquiring an additional 35,815 shares during the period. Bank Pictet & Cie Europe AG grew its holdings in shares of NVIDIA by 1.0% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 2,346,417 shares of the computer hardware maker’s stock worth $315,100,000 after purchasing an additional 22,929 shares in the last quarter. Highview Capital Management LLC DE grew its holdings in shares of NVIDIA by 6.7% during the 4th quarter. Highview Capital Management LLC DE now owns 58,396 shares of the computer hardware maker’s stock worth $7,842,000 after purchasing an additional 3,653 shares in the last quarter. Hudson Value Partners LLC increased its position in shares of NVIDIA by 30.7% in the fourth quarter. Hudson Value Partners LLC now owns 50,658 shares of the computer hardware maker’s stock worth $6,805,000 after purchasing an additional 11,900 shares during the period. Finally, Wealth Group Ltd. raised its stake in NVIDIA by 15.7% in the first quarter. Wealth Group Ltd. now owns 6,598 shares of the computer hardware maker’s stock valued at $715,000 after purchasing an additional 896 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on NVDA shares. Susquehanna increased their price objective on shares of NVIDIA from $230.00 to $250.00 and gave the stock a “positive” rating in a research note on Thursday, November 20th. Cantor Fitzgerald reiterated an “overweight” rating and set a $300.00 price target on shares of NVIDIA in a research report on Thursday, November 20th. Argus reissued a “buy” rating and issued a $220.00 price objective on shares of NVIDIA in a research note on Thursday, November 20th. Citigroup upped their target price on NVIDIA from $220.00 to $270.00 and gave the stock a “buy” rating in a research note on Thursday, November 20th. Finally, New Street Research reiterated a “buy” rating and issued a $307.00 price target on shares of NVIDIA in a research note on Thursday, October 30th. Four equities research analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $258.65.

NVIDIA Stock Down 0.5%

Shares of NASDAQ:NVDA opened at $182.41 on Monday. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $212.19. The company has a market capitalization of $4.43 trillion, a PE ratio of 45.26, a price-to-earnings-growth ratio of 0.90 and a beta of 2.29. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.71 and a current ratio of 4.47. The company has a fifty day moving average of $187.13 and a 200-day moving average of $172.37.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Wednesday, November 19th. The computer hardware maker reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.07. NVIDIA had a return on equity of 99.24% and a net margin of 53.01%.The company had revenue of $57.01 billion for the quarter, compared to the consensus estimate of $54.66 billion. During the same quarter last year, the business posted $0.81 EPS. NVIDIA’s revenue for the quarter was up 62.5% on a year-over-year basis. On average, equities analysts predict that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Stockholders of record on Thursday, December 4th will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. The ex-dividend date is Thursday, December 4th. NVIDIA’s payout ratio is 0.99%.

Insider Activity

In other NVIDIA news, Director Mark A. Stevens sold 350,000 shares of the company’s stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $176.39, for a total value of $61,736,500.00. Following the completion of the transaction, the director directly owned 7,399,803 shares in the company, valued at approximately $1,305,251,251.17. This represents a 4.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction on Friday, September 19th. The stock was sold at an average price of $176.42, for a total transaction of $13,231,500.00. Following the transaction, the chief executive officer owned 71,683,203 shares in the company, valued at approximately $12,646,350,673.26. This trade represents a 0.10% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 2,874,931 shares of company stock valued at $518,877,705 over the last quarter. 4.17% of the stock is 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.