Amalgamated Bank Reduces Holdings in NVIDIA Co. (NASDAQ:NVDA)

Amalgamated Bank trimmed its stake in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 2.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,079,133 shares of the computer hardware maker's stock after selling 125,644 shares during the quarter. NVIDIA makes up 5.6% of Amalgamated Bank's holdings, making the stock its 2nd largest holding. Amalgamated Bank's holdings in NVIDIA were worth $682,077,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of NVDA. Legend Financial Advisors Inc. acquired a new position in NVIDIA in the 4th quarter worth approximately $34,000. Luken Investment Analytics LLC purchased a new position in shares of NVIDIA during the fourth quarter valued at $40,000. DHJJ Financial Advisors Ltd. raised its position in NVIDIA by 70.0% during the third quarter. DHJJ Financial Advisors Ltd. now owns 340 shares of the computer hardware maker's stock valued at $41,000 after buying an additional 140 shares during the period. Lowe Wealth Advisors LLC purchased a new stake in NVIDIA in the 4th quarter worth about $46,000. Finally, 1620 Investment Advisors Inc. boosted its position in NVIDIA by 145.9% during the 3rd quarter. 1620 Investment Advisors Inc. now owns 418 shares of the computer hardware maker's stock worth $51,000 after acquiring an additional 248 shares during the period. 65.27% of the stock is owned by institutional investors and hedge funds.

NVIDIA Stock Performance

NVDA stock traded up $1.77 during midday trading on Tuesday, hitting $110.15. The stock had a trading volume of 221,470,191 shares, compared to its average volume of 313,731,974. NVIDIA Co. has a 52 week low of $75.61 and a 52 week high of $195.95. 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 stock has a 50-day simple moving average of $124.42 and a 200 day simple moving average of $131.53. The firm has a market capitalization of $2.69 trillion, a price-to-earnings ratio of 43.35, a P/E/G ratio of 1.76 and a beta of 1.77.

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

NVIDIA Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be paid a dividend of $0.01 per share. The ex-dividend date is Wednesday, March 12th. This represents a $0.04 annualized dividend and a yield of 0.04%. NVIDIA's dividend payout ratio is 1.36%.

Insider Activity at NVIDIA

In other news, Director Robert K. Burgess sold 53,324 shares of the firm's stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $115.49, for a total value of $6,158,388.76. Following the transaction, the director now owns 251,044 shares of the company's stock, valued at approximately $28,993,071.56. This trade represents a 17.52 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the company's stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $116.80, for a total value of $525,600.00. Following the completion of the sale, the insider now owns 479,428 shares of the company's stock, valued at $55,997,190.40. This represents a 0.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 183,609 shares of company stock valued at $22,642,615 in the last three months. Corporate insiders own 4.23% of the company's stock.

Analyst Ratings Changes

NVDA has been the subject of several research reports. Benchmark restated a "buy" rating and set a $190.00 price target on shares of NVIDIA in a report on Wednesday, March 19th. Truist Financial lifted their price objective on NVIDIA from $204.00 to $205.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. Morgan Stanley set a $162.00 target price on NVIDIA and gave the stock an "overweight" rating in a research report on Wednesday, March 19th. Summit Insights lowered NVIDIA from a "buy" rating to a "hold" rating in a report on Thursday, February 27th. Finally, Wedbush restated an "outperform" rating and issued a $175.00 price objective on shares of NVIDIA in a report on Thursday, February 20th. Four equities research analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, NVIDIA presently has an average rating of "Moderate Buy" and an average price target of $171.51.

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.