Glenview Trust co Sells 81,257 Shares of NVIDIA Co. (NASDAQ:NVDA)

Glenview Trust co lowered its stake in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 2.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,407,552 shares of the computer hardware maker's stock after selling 81,257 shares during the quarter. NVIDIA comprises about 8.6% of Glenview Trust co's portfolio, making the stock its biggest holding. Glenview Trust co's holdings in NVIDIA were worth $457,600,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of NVDA. Tacita Capital Inc purchased a new stake in NVIDIA during the fourth quarter worth about $28,000. Legend Financial Advisors Inc. acquired a new position in NVIDIA in the fourth quarter valued at approximately $34,000. Vision Financial Markets LLC acquired a new position in NVIDIA in the fourth quarter valued at approximately $38,000. Luken Investment Analytics LLC acquired a new position in NVIDIA in the fourth quarter valued at approximately $40,000. Finally, Lowe Wealth Advisors LLC acquired a new position in NVIDIA in the fourth quarter valued at approximately $46,000. Institutional investors and hedge funds own 65.27% of the company's stock.

NVIDIA Trading Up 3.1 %

NASDAQ:NVDA traded up $3.13 during trading hours on Thursday, reaching $105.84. 69,429,898 shares of the company 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. The firm has a market cap of $2.58 trillion, a price-to-earnings ratio of 41.50, a PEG ratio of 1.76 and a beta of 1.96. NVIDIA Co. has a 52-week low of $78.22 and a 52-week high of $195.95. The stock has a 50 day simple moving average of $114.42 and a 200 day simple moving average of $129.31.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate 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. As a group, analysts predict that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

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

Insider Transactions at NVIDIA

In related news, Director Aarti S. Shah sold 20,000 shares of the business's stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $118.42, for a total value of $2,368,400.00. Following the transaction, the director now owns 53,208 shares in the company, valued at approximately $6,300,891.36. The trade was a 27.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Colette Kress sold 66,660 shares of the business's stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $116.83, for a total value of $7,787,887.80. Following the completion of the transaction, the chief financial officer now owns 3,085,765 shares in the company, valued at approximately $360,509,924.95. This trade represents a 2.11 % 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. Corporate insiders own 4.23% of the company's stock.

Analysts Set New Price Targets

NVDA has been the subject of several research analyst reports. Hsbc Global Res downgraded NVIDIA from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 3rd. Needham & Company LLC restated a "buy" rating and issued a $160.00 target price on shares of NVIDIA in a research note on Wednesday, March 19th. Tigress Financial reiterated a "buy" rating on shares of NVIDIA in a research note on Wednesday, February 26th. TD Cowen dropped their price target on shares of NVIDIA from $175.00 to $140.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. Finally, Citigroup reiterated a "buy" rating on shares of NVIDIA in a research note on Wednesday, April 16th. Six investment analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $165.01.

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.