NVIDIA Co. (NASDAQ:NVDA) Shares Purchased by American Trust

American Trust raised its position in NVIDIA Co. (NASDAQ:NVDA) by 97.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 58,268 shares of the computer hardware maker’s stock after purchasing an additional 28,719 shares during the period. NVIDIA comprises approximately 0.6% of American Trust’s portfolio, making the stock its 23rd biggest holding. American Trust’s holdings in NVIDIA were worth $7,076,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in NVDA. Ironwood Wealth Management LLC. lifted its stake in NVIDIA by 896.9% in the 2nd quarter. Ironwood Wealth Management LLC. now owns 6,330 shares of the computer hardware maker’s stock valued at $782,000 after buying an additional 5,695 shares in the last quarter. Financial Guidance Group Inc. lifted its position in shares of NVIDIA by 900.0% in the second quarter. Financial Guidance Group Inc. now owns 3,600 shares of the computer hardware maker’s stock valued at $445,000 after acquiring an additional 3,240 shares in the last quarter. Tobam boosted its stake in shares of NVIDIA by 811.4% during the second quarter. Tobam now owns 41,489 shares of the computer hardware maker’s stock valued at $5,126,000 after acquiring an additional 36,937 shares during the last quarter. Hudson Value Partners LLC increased its position in NVIDIA by 845.9% during the 2nd quarter. Hudson Value Partners LLC now owns 34,675 shares of the computer hardware maker’s stock worth $4,284,000 after purchasing an additional 31,009 shares in the last quarter. Finally, Modera Wealth Management LLC raised its stake in NVIDIA by 967.2% in the 2nd quarter. Modera Wealth Management LLC now owns 115,348 shares of the computer hardware maker’s stock valued at $14,250,000 after purchasing an additional 104,540 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

NVIDIA Stock Up 4.4 %

Shares of NASDAQ:NVDA opened at $147.07 on Thursday. NVIDIA Co. has a 12-month low of $58.58 and a 12-month high of $153.13. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. The firm has a market cap of $3.60 trillion, a PE ratio of 57.88, a price-to-earnings-growth ratio of 2.48 and a beta of 1.64. The company has a fifty day simple moving average of $138.69 and a 200 day simple moving average of $129.22.

NVIDIA (NASDAQ:NVDA) last released its earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.12. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The company had revenue of $35.08 billion during the quarter, compared to the consensus estimate of $33.15 billion. During the same quarter in the previous year, the firm earned $0.38 EPS. The company’s revenue was up 93.6% on a year-over-year basis. On average, equities 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. Shareholders of record on Thursday, December 5th were issued 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 was Thursday, December 5th. NVIDIA’s dividend payout ratio is presently 1.57%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Redburn Atlantic started coverage on shares of NVIDIA in a research note on Tuesday, November 12th. They set a “buy” rating and a $178.00 price target on the stock. Bank of America reaffirmed a “buy” rating and issued a $190.00 target price on shares of NVIDIA in a research note on Thursday, November 21st. Melius Research increased their price target on NVIDIA from $165.00 to $185.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Wells Fargo & Company lifted their price objective on NVIDIA from $165.00 to $185.00 and gave the company an “overweight” rating in a research report on Thursday, November 21st. Finally, Morgan Stanley increased their target price on NVIDIA from $150.00 to $160.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. Four investment analysts have rated the stock with a hold rating, thirty-nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $164.63.

Insider Transactions at NVIDIA

In other news, Director John Dabiri sold 716 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $142.00, for a total transaction of $101,672.00. Following the completion of the transaction, the director now directly owns 19,942 shares of the company’s stock, valued at approximately $2,831,764. This represents a 3.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Tench Coxe sold 1,000,000 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $131.26, for a total value of $131,260,000.00. Following the completion of the sale, the director now directly owns 28,671,360 shares in the company, valued at approximately $3,763,402,713.60. This trade represents a 3.37 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,108,348 shares of company stock worth $146,506,958. 4.23% of the stock is currently owned by corporate insiders.

NVIDIA 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.