NVIDIA Co. (NASDAQ:NVDA) Stock Position Raised by First National Advisers LLC

First National Advisers LLC boosted its stake in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 2.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 216,582 shares of the computer hardware maker's stock after buying an additional 5,736 shares during the quarter. NVIDIA makes up about 4.7% of First National Advisers LLC's holdings, making the stock its 4th biggest position. First National Advisers LLC's holdings in NVIDIA were worth $29,085,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Tacita Capital Inc purchased a new position in shares of NVIDIA during the 4th quarter worth $28,000. Legend Financial Advisors Inc. purchased a new position in shares of NVIDIA during the 4th quarter worth $34,000. Vision Financial Markets LLC purchased a new position in shares of NVIDIA during the 4th quarter worth $38,000. Luken Investment Analytics LLC purchased a new position in shares of NVIDIA during the 4th quarter worth $40,000. Finally, Lowe Wealth Advisors LLC purchased a new position in shares of NVIDIA in the 4th quarter worth $46,000. Hedge funds and other institutional investors own 65.27% of the company's stock.

Insider Buying and Selling

In other NVIDIA news, Director John Dabiri sold 2,663 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $110.00, for a total transaction of $292,930.00. Following the completion of the transaction, the director now owns 17,279 shares of the company's stock, valued at approximately $1,900,690. This trade represents a 13.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $116.80, for a total transaction of $525,600.00. Following the sale, the insider now owns 479,428 shares in the company, valued at approximately $55,997,190.40. The trade was a 0.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 147,147 shares of company stock valued at $17,133,207 over the last 90 days. Company insiders own 4.23% of the company's stock.

NVIDIA Price Performance

Shares of NVDA stock traded up $3.13 on Thursday, hitting $105.84. 69,429,898 shares of the company's stock were exchanged, compared to its average volume of 306,582,978. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. NVIDIA Co. has a 12 month low of $78.22 and a 12 month high of $195.95. The stock has a market cap of $2.58 trillion, a P/E ratio of 41.50, a price-to-earnings-growth ratio of 1.76 and a beta of 1.96. The company has a 50 day moving average of $114.42 and a 200 day moving average of $129.31.

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

NVIDIA Announces Dividend

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

Analyst Upgrades and Downgrades

NVDA has been the subject of several recent research reports. Bank of America lowered their price target on NVIDIA from $200.00 to $160.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. KeyCorp set a $190.00 target price on NVIDIA in a research note on Wednesday, March 19th. Cantor Fitzgerald reissued an "overweight" rating and issued a $200.00 price target on shares of NVIDIA in a report on Wednesday, April 16th. Susquehanna restated a "positive" rating and set a $180.00 price objective on shares of NVIDIA in a report on Wednesday, March 19th. Finally, DZ Bank raised NVIDIA from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 28th. Six equities research analysts have rated the stock with a hold rating, thirty-six have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, NVIDIA currently has a consensus rating of "Moderate Buy" and a consensus price target of $165.01.

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.