Associated Banc Corp Purchases 7,069 Shares of NVIDIA Co. (NASDAQ:NVDA)

Associated Banc Corp lifted its position in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 0.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,019,538 shares of the computer hardware maker's stock after purchasing an additional 7,069 shares during the quarter. NVIDIA comprises about 3.6% of Associated Banc Corp's holdings, making the stock its 4th biggest holding. Associated Banc Corp's holdings in NVIDIA were worth $123,813,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Private Trust Co. NA increased its stake in NVIDIA by 2.9% during the third quarter. Private Trust Co. NA now owns 144,238 shares of the computer hardware maker's stock worth $17,516,000 after acquiring an additional 4,098 shares during the last quarter. Horizon Kinetics Asset Management LLC increased its position in shares of NVIDIA by 101.1% during the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 26,060 shares of the computer hardware maker's stock worth $3,165,000 after purchasing an additional 13,100 shares during the last quarter. Hancock Whitney Corp raised its holdings in NVIDIA by 20.9% in the 3rd quarter. Hancock Whitney Corp now owns 744,820 shares of the computer hardware maker's stock valued at $90,451,000 after buying an additional 128,673 shares during the period. Canton Hathaway LLC lifted its position in NVIDIA by 4.5% in the third quarter. Canton Hathaway LLC now owns 9,610 shares of the computer hardware maker's stock valued at $1,167,000 after buying an additional 410 shares during the last quarter. Finally, Truvestments Capital LLC boosted its stake in NVIDIA by 268.4% during the third quarter. Truvestments Capital LLC now owns 172,587 shares of the computer hardware maker's stock worth $20,959,000 after buying an additional 125,734 shares during the period. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other NVIDIA news, Director John Dabiri sold 716 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $142.00, for a total transaction of $101,672.00. Following the sale, the director now owns 19,942 shares in the company, valued at approximately $2,831,764. This represents a 3.47 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Ajay K. Puri sold 36,462 shares of the business's stock in a transaction 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. This trade represents a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,108,348 shares of company stock worth $146,506,958. 4.23% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on NVDA shares. Robert W. Baird boosted their price target on shares of NVIDIA from $150.00 to $190.00 and gave the company an "outperform" rating in a research note on Thursday, November 21st. Loop Capital reissued a "buy" rating and issued a $175.00 target price on shares of NVIDIA in a research report on Wednesday, November 20th. HSBC raised their price target on NVIDIA from $145.00 to $200.00 and gave the stock a "buy" rating in a research report on Thursday, November 14th. Raymond James boosted their price objective on NVIDIA from $140.00 to $170.00 and gave the company a "strong-buy" rating in a report on Thursday, November 14th. Finally, Citigroup raised their target price on NVIDIA from $170.00 to $175.00 and gave the company a "buy" rating in a report on Thursday, November 21st. Four analysts have rated the stock with a hold rating, thirty-nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, NVIDIA presently has a consensus rating of "Moderate Buy" and a consensus price target of $164.63.

NVIDIA Stock Performance

NASDAQ:NVDA traded down $4.20 during mid-day trading on Friday, reaching $135.91. The stock had a trading volume of 206,807,225 shares, compared to its average volume of 246,463,734. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. The business has a 50 day simple moving average of $139.90 and a 200 day simple moving average of $128.68. NVIDIA Co. has a twelve month low of $53.56 and a twelve month high of $153.13. The firm has a market capitalization of $3.33 trillion, a price-to-earnings ratio of 53.49, a PEG ratio of 2.43 and a beta of 1.64.

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

NVIDIA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Thursday, December 5th were given a dividend of $0.01 per share. The ex-dividend date was Thursday, December 5th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. NVIDIA's payout ratio is 1.57%.

NVIDIA Company 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.