NVIDIA Co. (NASDAQ:NVDA) is German American Bancorp Inc.’s 8th Largest Position

German American Bancorp Inc. raised its stake in NVIDIA Co. (NASDAQ:NVDA) by 4.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 256,257 shares of the computer hardware maker’s stock after acquiring an additional 11,392 shares during the period. NVIDIA makes up 3.3% of German American Bancorp Inc.’s portfolio, making the stock its 8th biggest position. German American Bancorp Inc.’s holdings in NVIDIA were worth $31,120,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Landscape Capital Management L.L.C. grew its position in NVIDIA by 24.4% during the 3rd quarter. Landscape Capital Management L.L.C. now owns 13,815 shares of the computer hardware maker’s stock valued at $1,678,000 after purchasing an additional 2,709 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in shares of NVIDIA by 5.6% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 19,297,588 shares of the computer hardware maker’s stock worth $2,343,500,000 after buying an additional 1,026,107 shares in the last quarter. Steele Capital Management Inc. grew its holdings in shares of NVIDIA by 4.0% during the third quarter. Steele Capital Management Inc. now owns 115,437 shares of the computer hardware maker’s stock valued at $14,020,000 after buying an additional 4,428 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in shares of NVIDIA by 2.2% during the third quarter. EverSource Wealth Advisors LLC now owns 165,700 shares of the computer hardware maker’s stock valued at $20,123,000 after acquiring an additional 3,603 shares in the last quarter. Finally, Stonebridge Financial Planning Group LLC raised its holdings in NVIDIA by 3.0% in the 3rd quarter. Stonebridge Financial Planning Group LLC now owns 27,241 shares of the computer hardware maker’s stock worth $3,308,000 after acquiring an additional 781 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on NVDA. Melius Research lifted their target price on NVIDIA from $165.00 to $185.00 and gave the stock a “buy” rating in a report on Monday, November 11th. DA Davidson lifted their price objective on NVIDIA from $90.00 to $135.00 and gave the stock a “neutral” rating in a report on Friday, November 22nd. Stifel Nicolaus upped their target price on shares of NVIDIA from $165.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Bank of America reaffirmed a “buy” rating and set a $190.00 price target on shares of NVIDIA in a report on Thursday, November 21st. Finally, Piper Sandler boosted their price objective on shares of NVIDIA from $140.00 to $175.00 and gave the company an “overweight” rating in a report on Monday, November 11th. Four equities research analysts have rated the stock with a hold rating, thirty-nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, NVIDIA presently has an average rating of “Moderate Buy” and a consensus price target of $164.15.

Insider Buying and Selling

In other news, insider Donald F. Robertson, Jr. sold 4,500 shares of the business’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $135.28, for a total value of $608,760.00. Following the sale, the insider now directly owns 480,899 shares in the company, valued at $65,056,016.72. The trade was a 0.93 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Tench Coxe sold 1,000,000 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $131.26, for a total transaction of $131,260,000.00. Following the completion of the transaction, the director now directly owns 28,671,360 shares of the company’s stock, valued at approximately $3,763,402,713.60. The trade was a 3.37 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,071,886 shares of company stock worth $140,997,550. Corporate insiders own 4.23% of the company’s stock.

NVIDIA Trading Down 6.2 %

NVDA stock opened at $140.14 on Wednesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. NVIDIA Co. has a 1-year low of $49.48 and a 1-year high of $153.13. The business has a 50 day simple moving average of $139.72 and a two-hundred day simple moving average of $128.37. The company has a market capitalization of $3.43 trillion, a price-to-earnings ratio of 55.15, a PEG ratio of 2.43 and a beta of 1.64.

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

NVIDIA Dividend Announcement

The company also recently announced 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 was Thursday, December 5th. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. NVIDIA’s dividend payout ratio (DPR) is 1.57%.

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.