HTLF Bank Acquires 284 Shares of NVIDIA Co. (NASDAQ:NVDA)

HTLF Bank lifted its position in NVIDIA Co. (NASDAQ:NVDA) by 3.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 8,897 shares of the computer hardware maker’s stock after purchasing an additional 284 shares during the quarter. HTLF Bank’s holdings in NVIDIA were worth $1,195,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in NVDA. Legacy Financial Strategies LLC increased its holdings in NVIDIA by 3.3% during the 4th quarter. Legacy Financial Strategies LLC now owns 42,614 shares of the computer hardware maker’s stock worth $5,894,000 after purchasing an additional 1,351 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its stake in NVIDIA by 5.0% in the 4th quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 1,348,744 shares of the computer hardware maker’s stock valued at $181,123,000 after purchasing an additional 63,733 shares during the last quarter. Washburn Capital Management Inc. lifted its position in NVIDIA by 20.1% during the fourth quarter. Washburn Capital Management Inc. now owns 46,487 shares of the computer hardware maker’s stock worth $6,243,000 after acquiring an additional 7,793 shares during the last quarter. 17 Capital Partners LLC lifted its position in NVIDIA by 3.1% during the fourth quarter. 17 Capital Partners LLC now owns 12,772 shares of the computer hardware maker’s stock worth $1,715,000 after acquiring an additional 385 shares during the last quarter. Finally, Compass Financial Services Inc acquired a new stake in shares of NVIDIA in the fourth quarter valued at approximately $99,000. Institutional investors own 65.27% of the company’s stock.

NVIDIA Trading Up 1.7 %

Shares of NASDAQ NVDA opened at $108.76 on Wednesday. The firm’s 50 day moving average price is $130.54 and its 200-day moving average price is $131.42. The company has a market cap of $2.65 trillion, a PE ratio of 42.80, a P/E/G ratio of 1.76 and a beta of 1.77. 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.

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

NVIDIA Announces Dividend

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

Wall Street Analyst Weigh In

NVDA has been the topic of a number of recent analyst reports. Raymond James lifted their price objective on shares of NVIDIA from $140.00 to $170.00 and gave the company a “strong-buy” rating in a research note on Thursday, November 14th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of NVIDIA from $115.00 to $140.00 and gave the company a “hold” rating in a report on Thursday, November 21st. Evercore ISI boosted their target price on shares of NVIDIA from $189.00 to $190.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Wells Fargo & Company boosted their target price on shares of NVIDIA from $165.00 to $185.00 and gave the company an “overweight” rating in a report on Thursday, November 21st. Finally, Loop Capital restated a “buy” rating and issued a $175.00 target price on shares of NVIDIA in a report on Wednesday, November 20th. Four investment analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $171.69.

Insider Activity

In other NVIDIA news, EVP Ajay K. Puri sold 36,462 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $151.10, for a total transaction of $5,509,408.20. Following the completion of the sale, the executive vice president now directly owns 3,902,888 shares of the company’s stock, valued at approximately $589,726,376.80. This represents a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $135.28, for a total transaction of $608,760.00. Following the sale, the insider now directly owns 480,899 shares of the company’s stock, valued at approximately $65,056,016.72. This represents a 0.93 % 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 valued at $146,405,286 over the last three months. Insiders own 4.23% of the company’s stock.

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.