NVIDIA Co. (NASDAQ:NVDA) Shares Sold by Country Trust Bank

Country Trust Bank trimmed its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 2.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,549,325 shares of the computer hardware maker’s stock after selling 41,536 shares during the period. NVIDIA makes up 5.2% of Country Trust Bank’s portfolio, making the stock its 3rd biggest holding. Country Trust Bank’s holdings in NVIDIA were worth $208,059,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Palisade Asset Management LLC boosted its holdings in NVIDIA by 0.5% in the 3rd quarter. Palisade Asset Management LLC now owns 15,363 shares of the computer hardware maker’s stock valued at $1,866,000 after purchasing an additional 75 shares during the period. Blue Square Asset Management LLC raised its position in shares of NVIDIA by 26.7% during the third quarter. Blue Square Asset Management LLC now owns 48,093 shares of the computer hardware maker’s stock valued at $5,840,000 after buying an additional 10,136 shares during the last quarter. Narwhal Capital Management lifted its stake in shares of NVIDIA by 5.1% in the third quarter. Narwhal Capital Management now owns 545,676 shares of the computer hardware maker’s stock valued at $66,267,000 after buying an additional 26,373 shares during the period. Unique Wealth LLC grew its position in NVIDIA by 10.0% during the fourth quarter. Unique Wealth LLC now owns 37,629 shares of the computer hardware maker’s stock worth $5,053,000 after buying an additional 3,428 shares in the last quarter. Finally, Tybourne Capital Management HK Ltd. increased its stake in NVIDIA by 46.7% during the third quarter. Tybourne Capital Management HK Ltd. now owns 16,826 shares of the computer hardware maker’s stock valued at $2,043,000 after acquiring an additional 5,360 shares during the period. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NVDA has been the subject of a number of research reports. Mizuho raised their price objective on NVIDIA from $165.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Morgan Stanley reaffirmed an “overweight” rating on shares of NVIDIA in a research report on Wednesday. Wedbush reissued an “outperform” rating and issued a $175.00 price target on shares of NVIDIA in a report on Thursday, February 20th. Rosenblatt Securities reaffirmed a “buy” rating and set a $220.00 price objective on shares of NVIDIA in a report on Monday. Finally, TD Cowen lifted their target price on shares of NVIDIA from $165.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Four research analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $168.21.

NVIDIA Stock Up 3.7 %

NVIDIA stock opened at $131.28 on Thursday. 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 company has a fifty day simple moving average of $134.60 and a 200 day simple moving average of $131.89. The company has a market cap of $3.22 trillion, a P/E ratio of 51.66, a price-to-earnings-growth ratio of 1.76 and a beta of 1.62. NVIDIA Co. has a 1-year low of $75.61 and a 1-year high of $153.13.

NVIDIA Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. NVIDIA’s dividend payout ratio (DPR) is currently 1.57%.

Insider Transactions at NVIDIA

In related news, CFO Colette Kress sold 66,670 shares of the business’s stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 3,351,572 shares in the company, valued at approximately $453,802,848.80. The trade was a 1.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Tench Coxe sold 1,000,000 shares of the 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 sale, the director now directly owns 28,671,360 shares in the company, valued at $3,763,402,713.60. This represents a 3.37 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,107,632 shares of company stock worth $146,405,286. Company insiders own 4.23% of the company’s stock.

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.