NVIDIA Co. (NASDAQ:NVDA) Shares Sold by Peoples Bank OH

Peoples Bank OH lowered its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 30.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,564 shares of the computer hardware maker’s stock after selling 7,220 shares during the period. NVIDIA makes up approximately 1.3% of Peoples Bank OH’s portfolio, making the stock its 21st biggest holding. Peoples Bank OH’s holdings in NVIDIA were worth $2,224,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in NVDA. AMF Tjanstepension AB increased its position in NVIDIA by 2.2% during the 3rd quarter. AMF Tjanstepension AB now owns 8,039,712 shares of the computer hardware maker’s stock worth $976,348,000 after purchasing an additional 169,445 shares in the last quarter. Wealth Group Ltd. grew its stake in NVIDIA by 5.0% during the third quarter. Wealth Group Ltd. now owns 5,602 shares of the computer hardware maker’s stock worth $680,000 after buying an additional 265 shares during the period. SOA Wealth Advisors LLC. increased its position in shares of NVIDIA by 0.3% in the third quarter. SOA Wealth Advisors LLC. now owns 120,634 shares of the computer hardware maker’s stock worth $14,650,000 after acquiring an additional 350 shares in the last quarter. Swedbank AB raised its stake in shares of NVIDIA by 4.8% in the 3rd quarter. Swedbank AB now owns 40,888,722 shares of the computer hardware maker’s stock valued at $4,965,526,000 after acquiring an additional 1,868,358 shares during the period. Finally, Madison Park Capital Advisors LLC lifted its holdings in shares of NVIDIA by 2.4% during the 3rd quarter. Madison Park Capital Advisors LLC now owns 4,230 shares of the computer hardware maker’s stock valued at $514,000 after acquiring an additional 100 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

Wall Street Analyst Weigh In

NVDA has been the subject of several recent research reports. Barclays increased their price target on NVIDIA from $160.00 to $175.00 and gave the company an “overweight” rating in a report on Friday, January 17th. Truist Financial raised their target price on NVIDIA from $204.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Bank of America restated a “buy” rating and issued a $200.00 price target on shares of NVIDIA in a report on Wednesday, March 19th. Needham & Company LLC reiterated a “buy” rating and set a $160.00 price objective on shares of NVIDIA in a research note on Wednesday, March 19th. Finally, Susquehanna reissued a “positive” rating and set a $180.00 target price on shares of NVIDIA in a research report on Wednesday, March 19th. Four research analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $171.51.

Insider Activity

In other NVIDIA news, Director Robert K. Burgess sold 53,324 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $115.49, for a total value of $6,158,388.76. Following the transaction, the director now owns 251,044 shares in the company, valued at approximately $28,993,071.56. This represents a 17.52 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of NVIDIA stock in a transaction on Friday, March 21st. The shares were sold at an average price of $116.80, for a total transaction of $525,600.00. Following the sale, the insider now directly owns 479,428 shares of the company’s stock, valued at $55,997,190.40. This trade represents a 0.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 183,609 shares of company stock worth $22,642,615 over the last quarter. Corporate insiders own 4.23% of the company’s stock.

NVIDIA Trading Down 5.7 %

Shares of NASDAQ NVDA opened at $113.76 on Thursday. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. NVIDIA Co. has a 12 month low of $75.61 and a 12 month high of $153.13. The company has a market cap of $2.78 trillion, a price-to-earnings ratio of 44.77, a P/E/G ratio of 1.76 and a beta of 1.77. The business has a fifty day simple moving average of $126.01 and a 200-day simple moving average of $131.46.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.05. The company had revenue of $39.33 billion during the quarter, compared to analyst estimates of $38.16 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. Sell-side 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. Shareholders of record on Wednesday, March 12th will be paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.04%. The ex-dividend date is Wednesday, March 12th. NVIDIA’s dividend payout ratio (DPR) is currently 1.36%.

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.