NVIDIA Co. (NASDAQ:NVDA) Shares Sold by Bell Bank

Bell Bank trimmed its position in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 1.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 205,806 shares of the computer hardware maker's stock after selling 2,459 shares during the period. NVIDIA comprises approximately 2.1% of Bell Bank's holdings, making the stock its 8th largest holding. Bell Bank's holdings in NVIDIA were worth $27,638,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

A number of research firms recently commented on NVDA. HSBC dropped their price objective on NVIDIA from $195.00 to $185.00 and set a "buy" rating for the company in a report on Monday, January 13th. Mizuho cut their price target on shares of NVIDIA from $175.00 to $168.00 and set an "outperform" rating on the stock in a research report on Friday, March 14th. Susquehanna restated a "positive" rating and set a $180.00 price objective on shares of NVIDIA in a report on Wednesday, March 19th. DZ Bank upgraded shares of NVIDIA from a "hold" rating to a "strong-buy" rating in a report on Friday, February 28th. Finally, Benchmark reissued a "buy" rating and set a $190.00 price target on shares of NVIDIA in a research report on Wednesday, March 19th. Four 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, the company presently has a consensus rating of "Moderate Buy" and an average target price of $171.51.

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Insiders Place Their Bets

In other news, insider Donald F. Robertson, Jr. sold 4,500 shares of the business's stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $116.80, for a total transaction of $525,600.00. Following the completion of the sale, the insider now owns 479,428 shares in the company, valued at $55,997,190.40. 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 is available at this hyperlink. Also, EVP Ajay K. Puri sold 36,462 shares of the company's stock in a transaction that occurred on Monday, January 6th. The shares were 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 in the company, valued at $589,726,376.80. The trade was a 0.93 % 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 ninety days. 4.23% of the stock is currently owned by company insiders.

NVIDIA Stock Performance

Shares of NVIDIA stock traded down $1.29 during trading on Monday, hitting $108.38. 298,472,157 shares of the stock were exchanged, compared to its average volume of 314,645,913. 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 company has a fifty day moving average price of $124.42 and a 200-day moving average price of $131.53. The stock has a market capitalization of $2.64 trillion, a price-to-earnings ratio of 42.65, a price-to-earnings-growth ratio of 1.76 and a beta of 1.77. NVIDIA Co. has a 1-year low of $75.61 and a 1-year high of $195.95.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly 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 return on equity of 114.83% and a net margin of 55.69%. The firm had revenue of $39.33 billion for the quarter, compared to the consensus estimate of $38.16 billion. As a group, equities analysts predict that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

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

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.