NVIDIA Co. (NASDAQ:NVDA) Shares Sold by CENTRAL TRUST Co

CENTRAL TRUST Co reduced its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 8.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 574,196 shares of the computer hardware maker’s stock after selling 55,339 shares during the period. NVIDIA accounts for approximately 1.9% of CENTRAL TRUST Co’s investment portfolio, making the stock its 10th biggest holding. CENTRAL TRUST Co’s holdings in NVIDIA were worth $77,109,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of NVDA. Ironwood Wealth Management LLC. grew its holdings in NVIDIA by 896.9% during the 2nd quarter. Ironwood Wealth Management LLC. now owns 6,330 shares of the computer hardware maker’s stock worth $782,000 after acquiring an additional 5,695 shares during the period. University of Texas Texas AM Investment Management Co. acquired a new stake in NVIDIA during the 2nd quarter worth about $31,000. Fiera Capital Corp grew its holdings in NVIDIA by 768.0% during the 2nd quarter. Fiera Capital Corp now owns 57,676 shares of the computer hardware maker’s stock worth $7,125,000 after acquiring an additional 51,031 shares during the period. Senator Investment Group LP grew its holdings in NVIDIA by 650.0% during the 2nd quarter. Senator Investment Group LP now owns 150,000 shares of the computer hardware maker’s stock worth $18,531,000 after acquiring an additional 130,000 shares during the period. Finally, Next Capital Management LLC grew its holdings in NVIDIA by 768.4% during the 2nd quarter. Next Capital Management LLC now owns 9,440 shares of the computer hardware maker’s stock worth $1,166,000 after acquiring an additional 8,353 shares during the period. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at NVIDIA

In other NVIDIA news, EVP Ajay K. Puri sold 36,462 shares of the business’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $151.10, for a total value of $5,509,408.20. Following the transaction, the executive vice president now owns 3,902,888 shares in the company, valued at approximately $589,726,376.80. The trade was a 0.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction of $608,760.00. Following the completion of the transaction, the insider now owns 480,899 shares in the company, valued at $65,056,016.72. The trade was a 0.93 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,107,632 shares of company stock worth $146,405,286. Corporate insiders own 4.23% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Bank of America increased their price objective on shares of NVIDIA from $190.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday. Robert W. Baird increased their price objective on shares of NVIDIA from $150.00 to $190.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Wedbush reissued an “outperform” rating and set a $175.00 price objective on shares of NVIDIA in a research report on Thursday, February 20th. Tigress Financial reissued a “buy” rating on shares of NVIDIA in a research report on Wednesday. Finally, Mizuho increased their price objective on shares of NVIDIA from $165.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Five equities research analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $169.62.

NVIDIA Trading Up 3.9 %

Shares of NVDA stock opened at $124.81 on Friday. The company has a 50 day moving average of $134.19 and a 200-day moving average of $132.03. 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 firm has a market cap of $3.05 trillion, a P/E ratio of 49.12, a PEG ratio of 1.76 and a beta of 1.62.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.05. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The company had revenue of $39.33 billion during the quarter, compared to analyst estimates of $38.16 billion. Sell-side analysts anticipate that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. NVIDIA’s dividend payout ratio is 1.36%.

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.