NVIDIA Co. (NASDAQ:NVDA) Position Lowered by CHICAGO TRUST Co NA

CHICAGO TRUST Co NA lessened its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 1.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 138,407 shares of the computer hardware maker’s stock after selling 2,657 shares during the period. NVIDIA accounts for approximately 3.3% of CHICAGO TRUST Co NA’s portfolio, making the stock its 4th biggest position. CHICAGO TRUST Co NA’s holdings in NVIDIA were worth $18,587,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Thomasville National Bank raised its holdings in shares of NVIDIA by 2.4% during the 4th quarter. Thomasville National Bank now owns 85,899 shares of the computer hardware maker’s stock worth $11,535,000 after acquiring an additional 1,976 shares during the period. Kieckhefer Group LLC purchased a new position in shares of NVIDIA during the 4th quarter worth $65,608,000. Capital Investment Advisors LLC raised its holdings in NVIDIA by 6.3% in the 4th quarter. Capital Investment Advisors LLC now owns 371,142 shares of the computer hardware maker’s stock valued at $49,841,000 after buying an additional 21,874 shares during the period. ACT Advisors LLC. raised its holdings in NVIDIA by 1.3% in the 4th quarter. ACT Advisors LLC. now owns 8,650 shares of the computer hardware maker’s stock valued at $1,162,000 after buying an additional 110 shares during the period. Finally, City State Bank raised its holdings in NVIDIA by 1.4% in the 4th quarter. City State Bank now owns 35,775 shares of the computer hardware maker’s stock valued at $4,804,000 after buying an additional 482 shares during the period. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Robert W. Baird boosted their price objective on shares of NVIDIA from $150.00 to $190.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Piper Sandler boosted their price objective on NVIDIA from $140.00 to $175.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. Susquehanna boosted their price objective on NVIDIA from $160.00 to $180.00 and gave the stock a “positive” rating in a research report on Thursday, November 14th. Evercore ISI upped their price target on NVIDIA from $189.00 to $190.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Finally, Wells Fargo & Company upped their price target on NVIDIA from $165.00 to $185.00 and gave the company an “overweight” rating in a report on Thursday, November 21st. Four equities research analysts have rated the stock with a hold rating, thirty-nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $165.23.

NVIDIA Stock Down 16.9 %

Shares of NASDAQ:NVDA opened at $118.48 on Tuesday. The stock’s 50-day moving average price is $138.72 and its two-hundred day moving average price is $129.52. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. NVIDIA Co. has a 12-month low of $60.70 and a 12-month high of $153.13. The firm has a market cap of $2.90 trillion, a price-to-earnings ratio of 46.63, a PEG ratio of 2.65 and a beta of 1.64.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.12. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The firm had revenue of $35.08 billion for the quarter, compared to analyst estimates of $33.15 billion. During the same period last year, the company earned $0.38 EPS. The firm’s quarterly revenue was up 93.6% on a year-over-year basis. On average, research analysts forecast that NVIDIA Co. will post 2.78 EPS for the current year.

NVIDIA Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Thursday, December 5th were issued a $0.01 dividend. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. NVIDIA’s dividend payout ratio (DPR) is 1.57%.

Insider Transactions at NVIDIA

In other news, insider Donald F. Robertson, Jr. sold 4,500 shares of the firm’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $135.28, for a total value of $608,760.00. Following the transaction, the insider now directly owns 480,899 shares in the company, valued at $65,056,016.72. This trade represents a 0.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Ajay K. Puri sold 36,462 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $151.10, for a total value of $5,509,408.20. Following the completion of the transaction, the executive vice president now owns 3,902,888 shares in the company, 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 a total of 1,108,348 shares of company stock worth $146,506,958 in the last three months. 4.23% of the stock is currently owned by company insiders.

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.