NVIDIA Co. (NASDAQ:NVDA) Stake Reduced by Community Bank N.A.

Community Bank N.A. cut its holdings in NVIDIA Co. (NASDAQ:NVDA) by 0.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,338 shares of the computer hardware maker’s stock after selling 28 shares during the quarter. Community Bank N.A.’s holdings in NVIDIA were worth $3,139,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NVDA. LFA Lugano Financial Advisors SA acquired a new stake in NVIDIA during the 4th quarter worth about $28,000. Criterion Capital Advisors LLC acquired a new stake in NVIDIA during the 4th quarter worth about $28,000. Your Advocates Ltd. LLP acquired a new stake in NVIDIA during the 3rd quarter worth about $30,000. Trivant Custom Portfolio Group LLC raised its holdings in NVIDIA by 44.1% during the 3rd quarter. Trivant Custom Portfolio Group LLC now owns 98 shares of the computer hardware maker’s stock worth $43,000 after buying an additional 30 shares during the period. Finally, O Brien Wealth Partners LLC raised its holdings in NVIDIA by 139.5% during the 4th quarter. O Brien Wealth Partners LLC now owns 91 shares of the computer hardware maker’s stock worth $45,000 after buying an additional 53 shares during the period. 65.27% of the stock is currently owned by institutional investors.

NVIDIA Stock Performance

Shares of NASDAQ NVDA opened at $887.89 on Friday. The firm has a market capitalization of $2.22 trillion, a price-to-earnings ratio of 74.36, a PEG ratio of 1.19 and a beta of 1.75. NVIDIA Co. has a one year low of $272.40 and a one year high of $974.00. The business has a fifty day simple moving average of $865.39 and a 200 day simple moving average of $646.31. The company has a current ratio of 4.17, a quick ratio of 3.67 and a debt-to-equity ratio of 0.20.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Wednesday, February 21st. The computer hardware maker reported $5.16 EPS for the quarter, topping analysts’ consensus estimates of $4.21 by $0.95. The company had revenue of $22.10 billion during the quarter, compared to the consensus estimate of $20.40 billion. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The firm’s revenue for the quarter was up 265.3% compared to the same quarter last year. During the same period last year, the firm earned $0.65 EPS. Sell-side analysts expect that NVIDIA Co. will post 22.55 EPS for the current year.

NVIDIA Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 6th were paid a dividend of $0.04 per share. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $0.16 annualized dividend and a yield of 0.02%. NVIDIA’s dividend payout ratio is currently 1.34%.

Analysts Set New Price Targets

NVDA has been the topic of several recent analyst reports. Needham & Company LLC boosted their price objective on NVIDIA from $600.00 to $850.00 and gave the stock a “buy” rating in a report on Thursday, February 22nd. Wells Fargo & Company upped their target price on NVIDIA from $840.00 to $970.00 and gave the company an “overweight” rating in a report on Tuesday, March 19th. Piper Sandler Companies upped their target price on NVIDIA to $850.00 and gave the company an “overweight” rating in a report on Friday, February 16th. Argus upped their target price on NVIDIA from $850.00 to $950.00 and gave the company a “buy” rating in a report on Wednesday, March 20th. Finally, Citigroup upped their target price on NVIDIA from $820.00 to $1,030.00 and gave the company a “buy” rating in a report on Wednesday, March 20th. Four equities research analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $941.55.

Insider Buying and Selling

In other NVIDIA news, Director Mark A. Stevens sold 10,000 shares of NVIDIA stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $797.57, for a total value of $7,975,700.00. Following the completion of the transaction, the director now owns 1,124,583 shares in the company, valued at approximately $896,933,663.31. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other NVIDIA news, Director Mark A. Stevens sold 10,000 shares of the business’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $797.57, for a total value of $7,975,700.00. Following the transaction, the director now owns 1,124,583 shares of the company’s stock, valued at $896,933,663.31. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Mark A. Stevens sold 12,000 shares of the business’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $853.54, for a total value of $10,242,480.00. Following the completion of the transaction, the director now directly owns 1,107,583 shares in the company, valued at approximately $945,366,393.82. The disclosure for this sale can be found here. Insiders sold 61,278 shares of company stock worth $52,689,898 in the last quarter. 3.99% of the stock is 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.