Oakworth Capital Inc. Acquires 821 Shares of NVIDIA Co. (NASDAQ:NVDA)

Oakworth Capital Inc. boosted its holdings in NVIDIA Co. (NASDAQ:NVDA) by 1.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 76,004 shares of the computer hardware maker’s stock after purchasing an additional 821 shares during the quarter. NVIDIA makes up approximately 0.7% of Oakworth Capital Inc.’s holdings, making the stock its 24th biggest position. Oakworth Capital Inc.’s holdings in NVIDIA were worth $10,207,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. McHugh Group LLC purchased a new position in shares of NVIDIA in the 4th quarter worth $17,091,000. Buck Wealth Strategies LLC bought a new position in shares of NVIDIA in the 4th quarter valued at about $440,000. Silver Oak Securities Incorporated grew its position in NVIDIA by 11.8% in the fourth quarter. Silver Oak Securities Incorporated now owns 115,127 shares of the computer hardware maker’s stock worth $15,829,000 after acquiring an additional 12,128 shares in the last quarter. Elm3 Financial Group LLC purchased a new stake in NVIDIA during the fourth quarter valued at approximately $7,364,000. Finally, Beacon Financial Advisory LLC lifted its stake in shares of NVIDIA by 3.2% in the 4th quarter. Beacon Financial Advisory LLC now owns 32,576 shares of the computer hardware maker’s stock valued at $4,375,000 after purchasing an additional 996 shares during the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

NVIDIA Stock Up 1.9 %

Shares of NASDAQ NVDA opened at $112.69 on Friday. NVIDIA Co. has a 52-week low of $75.61 and a 52-week high of $153.13. 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 stock has a market cap of $2.75 trillion, a P/E ratio of 44.35, a P/E/G ratio of 1.76 and a beta of 1.77. The firm has a 50 day moving average price of $131.66 and a 200 day moving average price of $131.63.

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

NVIDIA Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be paid a dividend of $0.01 per share. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.04%. NVIDIA’s dividend payout ratio is 1.36%.

Insider Activity

In related news, insider Donald F. Robertson, Jr. sold 4,500 shares of NVIDIA stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $135.28, for a total transaction of $608,760.00. Following the completion of the sale, the insider now owns 480,899 shares of the company’s stock, valued at approximately $65,056,016.72. The trade was a 0.93 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Colette Kress sold 66,670 shares of the business’s stock in a transaction on 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 completion of the sale, the chief financial officer now owns 3,351,572 shares of the company’s stock, valued at $453,802,848.80. This trade represents a 1.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,107,632 shares of company stock worth $146,405,286 in the last quarter. Corporate insiders own 4.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on NVDA shares. DZ Bank upgraded shares of NVIDIA from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 28th. Rosenblatt Securities reiterated a “buy” rating and set a $220.00 price target on shares of NVIDIA in a report on Monday, February 24th. Tigress Financial reissued a “buy” rating on shares of NVIDIA in a research note on Wednesday, February 26th. Citigroup upped their target price on NVIDIA from $170.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $162.00 price target (up from $152.00) on shares of NVIDIA in a report on Wednesday, February 26th. Four investment analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $171.69.

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.