NVIDIA Co. (NASDAQ:NVDA) is Central Pacific Bank Trust Division’s 6th Largest Position

Central Pacific Bank Trust Division cut its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 5.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 132,935 shares of the computer hardware maker’s stock after selling 7,339 shares during the period. NVIDIA comprises about 2.3% of Central Pacific Bank Trust Division’s portfolio, making the stock its 6th biggest position. Central Pacific Bank Trust Division’s holdings in NVIDIA were worth $17,852,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in NVDA. Quest Partners LLC acquired a new stake in NVIDIA in the 2nd quarter valued at about $27,000. Christopher J. Hasenberg Inc acquired a new stake in NVIDIA in the third quarter valued at approximately $27,000. University of Texas Texas AM Investment Management Co. purchased a new position in NVIDIA in the second quarter worth approximately $31,000. West Financial Advisors LLC purchased a new stake in shares of NVIDIA in the 3rd quarter valued at approximately $36,000. Finally, DHJJ Financial Advisors Ltd. raised its holdings in shares of NVIDIA by 70.0% in the 3rd quarter. DHJJ Financial Advisors Ltd. now owns 340 shares of the computer hardware maker’s stock valued at $41,000 after purchasing an additional 140 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, CFO Colette Kress sold 66,670 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $135.40, for a total value of $9,027,118.00. Following the transaction, the chief financial officer now directly owns 3,351,572 shares in the company, valued at approximately $453,802,848.80. This represents a 1.95 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Ajay K. Puri sold 36,462 shares of NVIDIA stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $151.10, for a total transaction of $5,509,408.20. Following the sale, the executive vice president now owns 3,902,888 shares of the company’s stock, valued at approximately $589,726,376.80. This trade represents a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,108,348 shares of company stock valued at $146,506,958 over the last quarter. Corporate insiders own 4.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on NVDA. Wells Fargo & Company increased their target price on NVIDIA from $165.00 to $185.00 and gave the company an “overweight” rating in a report on Thursday, November 21st. Cantor Fitzgerald reiterated an “overweight” rating and issued a $175.00 price objective on shares of NVIDIA in a report on Thursday, November 21st. Loop Capital restated a “buy” rating and set a $175.00 target price on shares of NVIDIA in a research note on Wednesday, November 20th. Phillip Securities reiterated an “accumulate” rating and issued a $160.00 price target (up from $155.00) on shares of NVIDIA in a research note on Friday, November 22nd. Finally, Rosenblatt Securities reissued a “buy” rating and set a $220.00 price objective on shares of NVIDIA in a report on Wednesday, January 8th. Four investment analysts have rated the stock with a hold rating, thirty-nine have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $164.63.

NVIDIA Price Performance

Shares of NASDAQ:NVDA opened at $142.62 on Friday. NVIDIA Co. has a 12 month low of $60.57 and a 12 month high of $153.13. The firm has a market capitalization of $3.49 trillion, a price-to-earnings ratio of 56.13, a price-to-earnings-growth ratio of 2.65 and a beta of 1.64. The business’s 50 day simple moving average is $138.71 and its 200-day simple moving average is $129.47. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64.

NVIDIA (NASDAQ:NVDA) last posted 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 for the quarter, compared to analyst estimates of $33.15 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. NVIDIA’s revenue was up 93.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.38 earnings per share. As a group, equities analysts forecast that NVIDIA Co. will post 2.78 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Thursday, December 5th were given 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 Thursday, December 5th. NVIDIA’s payout ratio is currently 1.57%.

NVIDIA 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.