NVIDIA Co. (NASDAQ:NVDA) Shares Sold by First National Bank & Trust Co. of Newtown

First National Bank & Trust Co. of Newtown lessened its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 10.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 51,800 shares of the computer hardware maker’s stock after selling 6,000 shares during the period. NVIDIA comprises about 1.5% of First National Bank & Trust Co. of Newtown’s portfolio, making the stock its 12th largest holding. First National Bank & Trust Co. of Newtown’s holdings in NVIDIA were worth $6,956,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. RW Investment Management LLC purchased a new stake in NVIDIA during the fourth quarter valued at about $207,000. Hardy Reed LLC raised its holdings in shares of NVIDIA by 7.8% during the fourth quarter. Hardy Reed LLC now owns 45,878 shares of the computer hardware maker’s stock valued at $6,161,000 after acquiring an additional 3,321 shares during the period. Advyzon Investment Management LLC purchased a new stake in shares of NVIDIA in the 4th quarter valued at approximately $2,817,000. Handelsbanken Fonder AB boosted its stake in NVIDIA by 3.5% in the 4th quarter. Handelsbanken Fonder AB now owns 11,378,544 shares of the computer hardware maker’s stock worth $1,528,025,000 after purchasing an additional 383,901 shares during the period. Finally, Mcdaniel Terry & Co. grew its position in NVIDIA by 0.9% during the 4th quarter. Mcdaniel Terry & Co. now owns 28,681 shares of the computer hardware maker’s stock worth $3,852,000 after purchasing an additional 254 shares in the last quarter. 65.27% of the stock is owned by institutional investors.

Insider Activity at NVIDIA

In related news, EVP Ajay K. Puri sold 36,462 shares of the company’s stock in a transaction on 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 directly owns 3,902,888 shares in the company, 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 document filed with the SEC, which is available through this hyperlink. Also, Director John Dabiri sold 2,663 shares of the firm’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of $110.00, for a total value of $292,930.00. Following the completion of the transaction, the director now directly owns 17,279 shares of the company’s stock, valued at approximately $1,900,690. This trade represents a 13.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 183,609 shares of company stock worth $22,642,615 over the last three months. Company insiders own 4.23% of the company’s stock.

NVIDIA Stock Down 0.6 %

Shares of NVDA stock opened at $120.69 on Wednesday. NVIDIA Co. has a 12 month low of $75.61 and a 12 month high of $153.13. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. The firm has a market cap of $2.94 trillion, a PE ratio of 47.50, a price-to-earnings-growth ratio of 1.76 and a beta of 1.77. The stock has a 50 day moving average of $126.46 and a 200-day moving average of $131.58.

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

NVIDIA Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be 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 is Wednesday, March 12th. NVIDIA’s dividend payout ratio (DPR) is presently 1.36%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on NVDA. DZ Bank raised NVIDIA from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 28th. Needham & Company LLC restated a “buy” rating and set a $160.00 price objective on shares of NVIDIA in a research report on Wednesday, March 19th. Stifel Nicolaus set a $180.00 target price on NVIDIA in a report on Wednesday, March 19th. Rosenblatt Securities reissued a “buy” rating and issued a $220.00 price target on shares of NVIDIA in a research report on Wednesday, March 19th. Finally, Truist Financial boosted their price objective on shares of NVIDIA from $204.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Four analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $171.51.

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.