NVIDIA Co. (NASDAQ:NVDA) Shares Purchased by Field & Main Bank

Field & Main Bank grew its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 3.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 6,990 shares of the computer hardware maker’s stock after acquiring an additional 213 shares during the period. NVIDIA comprises about 1.5% of Field & Main Bank’s portfolio, making the stock its 16th largest holding. Field & Main Bank’s holdings in NVIDIA were worth $3,461,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Moody Lynn & Lieberson LLC grew its position in NVIDIA by 7.2% in the 3rd quarter. Moody Lynn & Lieberson LLC now owns 89,053 shares of the computer hardware maker’s stock worth $38,737,000 after purchasing an additional 5,998 shares during the last quarter. TrueMark Investments LLC acquired a new stake in NVIDIA in the 4th quarter worth $2,639,000. McLean Asset Management Corp grew its position in NVIDIA by 11.7% in the 4th quarter. McLean Asset Management Corp now owns 1,773 shares of the computer hardware maker’s stock worth $871,000 after purchasing an additional 186 shares during the last quarter. Cornercap Investment Counsel Inc. grew its position in NVIDIA by 5.7% in the 4th quarter. Cornercap Investment Counsel Inc. now owns 3,900 shares of the computer hardware maker’s stock worth $1,931,000 after purchasing an additional 209 shares during the last quarter. Finally, Shilanski & Associates Inc. grew its position in NVIDIA by 15.9% in the 4th quarter. Shilanski & Associates Inc. now owns 2,983 shares of the computer hardware maker’s stock worth $1,477,000 after purchasing an additional 410 shares during the last quarter. 65.27% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

NVDA has been the topic of several research analyst reports. Benchmark restated a “buy” rating and issued a $1,000.00 price target on shares of NVIDIA in a research report on Wednesday, March 20th. Sanford C. Bernstein raised their target price on shares of NVIDIA from $700.00 to $1,000.00 and gave the stock an “outperform” rating in a report on Thursday, February 22nd. Susquehanna reaffirmed a “positive” rating and issued a $1,050.00 price target on shares of NVIDIA in a research note on Thursday, April 4th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of NVIDIA from $720.00 to $850.00 and gave the company a “hold” rating in a research note on Wednesday, March 20th. Finally, The Goldman Sachs Group lifted their price target on shares of NVIDIA from $1,000.00 to $1,100.00 and gave the company a “buy” rating in a research note on Tuesday. Four equities research analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $944.05.

Insider Activity

In other NVIDIA news, Director Mark A. Stevens sold 22,700 shares of the stock in a transaction on Friday, April 5th. The stock was sold at an average price of $879.97, for a total transaction of $19,975,319.00. Following the completion of the transaction, the director now directly owns 1,052,133 shares in the company, valued at $925,845,476.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director John Dabiri sold 128 shares of NVIDIA stock in a transaction on Monday, March 25th. The stock was sold at an average price of $940.00, for a total value of $120,320.00. Following the completion of the sale, the director now directly owns 2,055 shares of the company’s stock, valued at approximately $1,931,700. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mark A. Stevens sold 22,700 shares of the company’s stock in a transaction on Friday, April 5th. The shares were sold at an average price of $879.97, for a total value of $19,975,319.00. Following the transaction, the director now directly owns 1,052,133 shares in the company, valued at approximately $925,845,476.01. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 61,278 shares of company stock worth $52,689,898. Company insiders own 3.99% of the company’s stock.

NVIDIA Stock Performance

Shares of NVIDIA stock opened at $904.12 on Thursday. NVIDIA Co. has a fifty-two week low of $280.46 and a fifty-two week high of $974.00. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.17 and a quick ratio of 3.67. The firm has a market capitalization of $2.26 trillion, a P/E ratio of 75.72, a P/E/G ratio of 1.27 and a beta of 1.75. The company’s 50 day moving average price is $872.36 and its two-hundred day moving average price is $659.34.

NVIDIA (NASDAQ:NVDA) last issued its earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share for the quarter, beating analysts’ consensus estimates of $4.21 by $0.95. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The firm had revenue of $22.10 billion for the quarter, compared to analyst estimates of $20.40 billion. During the same quarter last year, the business posted $0.65 earnings per share. The company’s quarterly revenue was up 265.3% on a year-over-year basis. On average, equities analysts forecast that NVIDIA Co. will post 22.55 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

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

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.