67,725 Shares in NVIDIA Co. (NASDAQ:NVDA) Acquired by BankPlus Trust Department

BankPlus Trust Department purchased a new position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 67,725 shares of the computer hardware maker's stock, valued at approximately $9,095,000. NVIDIA comprises approximately 3.0% of BankPlus Trust Department's investment portfolio, making the stock its 4th biggest holding.

A number of other institutional investors have also added to or reduced their stakes in the company. Capital Performance Advisors LLP boosted its position in NVIDIA by 59.3% in the fourth quarter. Capital Performance Advisors LLP now owns 26,700 shares of the computer hardware maker's stock worth $3,586,000 after purchasing an additional 9,944 shares during the last quarter. Palisade Asset Management LLC boosted its holdings in shares of NVIDIA by 0.5% in the 3rd quarter. Palisade Asset Management LLC now owns 15,363 shares of the computer hardware maker's stock worth $1,866,000 after buying an additional 75 shares during the last quarter. SMART Wealth LLC grew its position in NVIDIA by 289.5% during the fourth quarter. SMART Wealth LLC now owns 72,311 shares of the computer hardware maker's stock valued at $9,711,000 after buying an additional 53,747 shares during the period. Blue Square Asset Management LLC raised its position in NVIDIA by 26.7% in the third quarter. Blue Square Asset Management LLC now owns 48,093 shares of the computer hardware maker's stock worth $5,840,000 after acquiring an additional 10,136 shares during the period. Finally, Wealthspire Advisors LLC raised its position in NVIDIA by 29.6% in the fourth quarter. Wealthspire Advisors LLC now owns 174,896 shares of the computer hardware maker's stock worth $23,487,000 after acquiring an additional 39,944 shares during the period. 65.27% of the stock is owned by institutional investors.

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Insider Buying and Selling

In related news, insider Donald F. Robertson, Jr. sold 4,500 shares of the company's stock in a transaction on Friday, March 21st. The stock was sold at an average price of $116.80, for a total value of $525,600.00. Following the sale, the insider now directly owns 479,428 shares of the company's stock, valued at $55,997,190.40. This represents a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Colette Kress sold 66,660 shares of the firm's stock in a transaction on Friday, March 21st. The shares were sold at an average price of $116.83, for a total value of $7,787,887.80. Following the transaction, the chief financial officer now directly owns 3,085,765 shares of the company's stock, valued at $360,509,924.95. This represents a 2.11 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 183,609 shares of company stock valued at $22,642,615 over the last three months. Corporate insiders own 4.23% of the company's stock.

NVIDIA Trading Up 1.6 %

NASDAQ:NVDA traded up $1.77 during midday trading on Tuesday, reaching $110.15. 216,699,398 shares of the stock traded hands, compared to its average volume of 314,275,604. The stock has a market capitalization of $2.69 trillion, a P/E ratio of 43.35, a PEG ratio of 1.76 and a beta of 1.77. 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 company has a fifty day moving average of $124.42 and a 200 day moving average of $131.53. NVIDIA Co. has a 12 month low of $75.61 and a 12 month high of $195.95.

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

NVIDIA Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Benchmark restated a "buy" rating and set a $190.00 price target on shares of NVIDIA in a research note on Wednesday, March 19th. 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. Tigress Financial reaffirmed a "buy" rating on shares of NVIDIA in a research report on Wednesday, February 26th. DA Davidson cut their price target on NVIDIA from $135.00 to $125.00 and set a "neutral" rating for the company in a research note on Thursday, March 20th. Finally, Barclays boosted their price objective on NVIDIA from $160.00 to $175.00 and gave the company an "overweight" rating in a research note on Friday, January 17th. Four research analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, NVIDIA currently has an average rating of "Moderate Buy" and a consensus 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.