NVIDIA Co. (NASDAQ:NVDA) Position Boosted by Enterprise Bank & Trust Co

Enterprise Bank & Trust Co boosted its holdings in NVIDIA Co. (NASDAQ:NVDA) by 0.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 106,919 shares of the computer hardware maker’s stock after buying an additional 582 shares during the period. NVIDIA accounts for approximately 4.7% of Enterprise Bank & Trust Co’s holdings, making the stock its 6th largest holding. Enterprise Bank & Trust Co’s holdings in NVIDIA were worth $14,358,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of NVDA. JCIC Asset Management Inc. lifted its stake in shares of NVIDIA by 1,034.9% in the 4th quarter. JCIC Asset Management Inc. now owns 95,275 shares of the computer hardware maker’s stock valued at $12,794,000 after purchasing an additional 86,880 shares in the last quarter. Accelerate Investment Advisors LLC lifted its position in NVIDIA by 6.8% during the fourth quarter. Accelerate Investment Advisors LLC now owns 15,519 shares of the computer hardware maker’s stock valued at $2,084,000 after buying an additional 988 shares in the last quarter. Cooper Financial Group grew its stake in NVIDIA by 10.3% during the fourth quarter. Cooper Financial Group now owns 168,318 shares of the computer hardware maker’s stock worth $22,603,000 after buying an additional 15,708 shares during the period. Cadent Capital Advisors LLC raised its stake in shares of NVIDIA by 6.5% in the 4th quarter. Cadent Capital Advisors LLC now owns 13,915 shares of the computer hardware maker’s stock valued at $1,869,000 after acquiring an additional 847 shares during the period. Finally, Wedmont Private Capital lifted its holdings in shares of NVIDIA by 6.7% during the 4th quarter. Wedmont Private Capital now owns 400,948 shares of the computer hardware maker’s stock valued at $54,493,000 after acquiring an additional 25,146 shares in the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at NVIDIA

In related news, CFO Colette Kress sold 66,670 shares of the stock in a transaction on Friday, December 13th. The stock was sold at an average price of $135.40, for a total value of $9,027,118.00. Following the completion of the transaction, the chief financial officer now owns 3,351,572 shares in the company, valued at $453,802,848.80. This trade represents a 1.95 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Tench Coxe sold 1,000,000 shares of the business’s stock in a transaction dated 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 sale, the director now owns 28,671,360 shares in the company, 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. Insiders sold 1,108,348 shares of company stock valued at $146,506,958 over the last 90 days. 4.23% of the stock is currently owned by corporate insiders.

NVIDIA Stock Performance

NVDA stock opened at $127.80 on Wednesday. The company has a market capitalization of $3.13 trillion, a P/E ratio of 50.29, a PEG ratio of 2.65 and a beta of 1.64. 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 company has a 50-day simple moving average of $138.29 and a 200 day simple moving average of $129.45. NVIDIA Co. has a fifty-two week low of $60.70 and a fifty-two week high of $153.13.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, beating 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 business had revenue of $35.08 billion during the quarter, compared to analysts’ expectations of $33.15 billion. During the same period last year, the firm posted $0.38 earnings per share. The business’s revenue was up 93.6% on a year-over-year basis. Sell-side analysts predict that NVIDIA Co. will post 2.78 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently disclosed 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%.

Analyst Ratings Changes

Several brokerages recently issued reports on NVDA. Rosenblatt Securities reiterated a “buy” rating and issued a $220.00 price target on shares of NVIDIA in a report on Wednesday, January 8th. Wells Fargo & Company increased their target price on NVIDIA from $165.00 to $185.00 and gave the company an “overweight” rating in a research note on Thursday, November 21st. Truist Financial boosted their price target on NVIDIA from $148.00 to $167.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Phillip Securities reaffirmed an “accumulate” rating and issued a $160.00 price objective (up previously from $155.00) on shares of NVIDIA in a research report on Friday, November 22nd. Finally, Melius Research boosted their target price on shares of NVIDIA from $165.00 to $185.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Four analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $166.23.

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.