NVIDIA Co. (NASDAQ:NVDA) Shares Sold by AAFMAA Wealth Management & Trust LLC

AAFMAA Wealth Management & Trust LLC trimmed its position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 8.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 31,748 shares of the computer hardware maker's stock after selling 2,783 shares during the quarter. NVIDIA comprises about 1.9% of AAFMAA Wealth Management & Trust LLC's holdings, making the stock its 13th biggest holding. AAFMAA Wealth Management & Trust LLC's holdings in NVIDIA were worth $4,263,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of NVDA. Legal & General Group Plc grew its position in NVIDIA by 884.0% during the 2nd quarter. Legal & General Group Plc now owns 213,127,959 shares of the computer hardware maker's stock valued at $26,329,751,000 after purchasing an additional 191,469,114 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in NVIDIA by 870.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 102,422,225 shares of the computer hardware maker's stock valued at $12,658,922,000 after acquiring an additional 91,867,031 shares during the period. Dimensional Fund Advisors LP lifted its stake in NVIDIA by 1,123.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 92,039,713 shares of the computer hardware maker's stock valued at $11,371,255,000 after acquiring an additional 84,515,429 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in NVIDIA by 808.6% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 82,689,605 shares of the computer hardware maker's stock valued at $10,215,474,000 after acquiring an additional 73,589,208 shares during the period. Finally, American Century Companies Inc. lifted its stake in NVIDIA by 882.4% during the 2nd quarter. American Century Companies Inc. now owns 73,648,364 shares of the computer hardware maker's stock valued at $9,098,519,000 after acquiring an additional 66,151,750 shares during the period. 65.27% of the stock is owned by hedge funds and other institutional investors.

NVIDIA Stock Up 0.8 %

Shares of NVDA stock traded up $1.05 during trading hours on Thursday, reaching $124.75. 390,509,528 shares of the company's stock were exchanged, compared to its average volume of 292,494,438. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. NVIDIA Co. has a 1 year low of $60.70 and a 1 year high of $153.13. The stock has a market cap of $3.06 trillion, a PE ratio of 49.09, a PEG ratio of 2.65 and a beta of 1.64. The stock's fifty day moving average price is $137.46 and its two-hundred day moving average price is $129.40.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 EPS for the quarter, topping analysts' consensus estimates of $0.69 by $0.12. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The firm had revenue of $35.08 billion during the quarter, compared to the consensus estimate of $33.15 billion. During the same quarter in the previous year, the company posted $0.38 earnings per share. The company's revenue was up 93.6% compared to the same quarter last year. Research analysts predict that NVIDIA Co. will post 2.78 EPS for the current year.

NVIDIA Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Thursday, December 5th were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. The ex-dividend date of this dividend was Thursday, December 5th. NVIDIA's dividend payout ratio (DPR) is 1.57%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on NVDA. The Goldman Sachs Group upped their target price on shares of NVIDIA from $150.00 to $165.00 and gave the company a "buy" rating in a research note on Thursday, November 21st. Susquehanna increased their price objective on shares of NVIDIA from $160.00 to $180.00 and gave the stock a "positive" rating in a research note on Thursday, November 14th. Oppenheimer reiterated an "outperform" rating and issued a $175.00 price objective on shares of NVIDIA in a research note on Thursday, November 21st. Cantor Fitzgerald reiterated an "overweight" rating and issued a $200.00 price objective on shares of NVIDIA in a research note on Monday. Finally, Phillip Securities reiterated an "accumulate" rating and issued a $160.00 price objective (up previously from $155.00) on shares of NVIDIA in a research note on Friday, November 22nd. Four research analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, NVIDIA currently has an average rating of "Moderate Buy" and an average target price of $166.23.

Insider Buying and Selling

In other NVIDIA news, EVP Ajay K. Puri sold 36,462 shares of the business's stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $151.10, for a total value of $5,509,408.20. Following the completion of the transaction, the executive vice president now directly owns 3,902,888 shares of the company's stock, valued at approximately $589,726,376.80. The trade was a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Tench Coxe sold 1,000,000 shares of the business's stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $131.26, for a total value of $131,260,000.00. Following the completion of the transaction, the director now directly owns 28,671,360 shares of the company's stock, valued at $3,763,402,713.60. The trade was a 3.37 % decrease in their ownership of the stock. 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 quarter. 4.23% of the stock is currently owned by company insiders.

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.