NVIDIA Co. (NASDAQ:NVDA) is SlateStone Wealth LLC's 2nd Largest Position

SlateStone Wealth LLC raised its position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 1.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 306,679 shares of the computer hardware maker's stock after purchasing an additional 3,435 shares during the quarter. NVIDIA accounts for about 4.0% of SlateStone Wealth LLC's investment portfolio, making the stock its 2nd biggest holding. SlateStone Wealth LLC's holdings in NVIDIA were worth $41,184,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Hickory Point Bank & Trust purchased a new stake in shares of NVIDIA during the 4th quarter valued at about $2,272,000. Capital Performance Advisors LLP grew its position in NVIDIA by 59.3% during the fourth quarter. Capital Performance Advisors LLP now owns 26,700 shares of the computer hardware maker's stock valued at $3,586,000 after buying an additional 9,944 shares during the period. Ethos Financial Group LLC increased its holdings in NVIDIA by 24.1% during the fourth quarter. Ethos Financial Group LLC now owns 32,092 shares of the computer hardware maker's stock valued at $4,312,000 after buying an additional 6,241 shares during the last quarter. Metis Global Partners LLC raised its position in NVIDIA by 3.6% in the fourth quarter. Metis Global Partners LLC now owns 1,464,826 shares of the computer hardware maker's stock worth $196,711,000 after acquiring an additional 50,978 shares during the period. Finally, Candriam S.C.A. boosted its stake in shares of NVIDIA by 0.5% during the 4th quarter. Candriam S.C.A. now owns 7,061,058 shares of the computer hardware maker's stock worth $948,229,000 after acquiring an additional 35,684 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.

Insider Buying and Selling

In other NVIDIA news, CFO Colette Kress sold 66,660 shares of the 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 sale, the chief financial officer now directly owns 3,085,765 shares in the company, valued at approximately $360,509,924.95. This trade represents a 2.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director John Dabiri sold 2,663 shares of the firm's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $110.00, for a total value 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. The trade was a 13.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 147,147 shares of company stock worth $17,133,207 in the last three months. 4.23% of the stock is owned by insiders.

Analyst Ratings Changes

NVDA has been the topic of a number of recent research reports. Rosenblatt Securities decreased their target price on NVIDIA from $220.00 to $200.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Bank of America decreased their target price on NVIDIA from $200.00 to $160.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Benchmark reaffirmed a "buy" rating and issued a $190.00 target price on shares of NVIDIA in a report on Wednesday, March 19th. Hsbc Global Res cut NVIDIA from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 3rd. Finally, Wedbush reaffirmed an "outperform" rating and issued a $175.00 target price on shares of NVIDIA in a report 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 given a strong buy rating to the company. According to data from MarketBeat.com, NVIDIA has a consensus rating of "Moderate Buy" and an average target price of $165.01.

NVIDIA Trading Up 3.1 %

Shares of NVIDIA stock traded up $3.13 on Thursday, hitting $105.84. 69,429,898 shares of the company traded hands, compared to its average volume of 306,582,978. The stock's 50 day moving average price is $114.42 and its 200-day moving average price is $129.31. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. NVIDIA Co. has a 52 week low of $78.22 and a 52 week high of $195.95. The company has a market cap of $2.58 trillion, a PE ratio of 41.50, a PEG ratio of 1.76 and a beta of 1.96.

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

NVIDIA Dividend Announcement

The business also recently disclosed 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. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.04%. The ex-dividend date was Wednesday, March 12th. NVIDIA's dividend payout ratio (DPR) is currently 1.36%.

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.