NVIDIA Co. (NASDAQ:NVDA) Shares Sold by First Financial Bankshares Inc

First Financial Bankshares Inc trimmed its position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 5.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 403,818 shares of the computer hardware maker's stock after selling 22,234 shares during the period. First Financial Bankshares Inc's holdings in NVIDIA were worth $54,229,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in NVDA. Geode Capital Management LLC grew its holdings in NVIDIA by 2.2% during the 3rd quarter. Geode Capital Management LLC now owns 546,079,492 shares of the computer hardware maker's stock valued at $66,101,133,000 after buying an additional 11,525,969 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in NVIDIA by 3.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 180,403,789 shares of the computer hardware maker's stock worth $21,908,236,000 after purchasing an additional 6,526,200 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of NVIDIA by 3.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 151,280,130 shares of the computer hardware maker's stock valued at $20,315,409,000 after acquiring an additional 5,211,040 shares during the last quarter. Amundi grew its holdings in shares of NVIDIA by 12.9% during the fourth quarter. Amundi now owns 117,036,612 shares of the computer hardware maker's stock worth $16,394,224,000 after purchasing an additional 13,406,054 shares in the last quarter. Finally, Fisher Asset Management LLC increased its position in shares of NVIDIA by 1.7% in the fourth quarter. Fisher Asset Management LLC now owns 98,339,379 shares of the computer hardware maker's stock worth $13,205,995,000 after purchasing an additional 1,618,672 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors.

NVIDIA Stock Up 3.6 %

Shares of NASDAQ:NVDA traded up $3.72 on Thursday, hitting $106.43. 218,590,769 shares of the company traded hands, compared to its average volume of 306,317,999. The company has a market cap of $2.60 trillion, a PE ratio of 41.89, a PEG ratio of 1.76 and a beta of 1.96. The stock has a 50 day simple moving average of $114.42 and a 200-day simple moving average of $129.31. NVIDIA Co. has a 52 week low of $78.22 and a 52 week high of $195.95. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings data 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%. As a group, research analysts expect that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.04%. NVIDIA's dividend payout ratio is 1.36%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on NVDA. Cantor Fitzgerald restated an "overweight" rating and set a $200.00 price target on shares of NVIDIA in a research report on Wednesday, April 16th. Needham & Company LLC restated a "buy" rating and issued a $160.00 target price on shares of NVIDIA in a research report on Wednesday, March 19th. Morgan Stanley set a $162.00 price target on shares of NVIDIA and gave the stock an "overweight" rating in a research note on Wednesday, March 19th. Rosenblatt Securities cut their price objective on shares of NVIDIA from $220.00 to $200.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Finally, DZ Bank raised NVIDIA from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 28th. 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 stock. Based on data from MarketBeat, NVIDIA currently has an average rating of "Moderate Buy" and a consensus target price of $165.01.

Insiders Place Their Bets

In other NVIDIA news, Director Robert K. Burgess sold 53,324 shares of NVIDIA stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $115.49, for a total value of $6,158,388.76. Following the transaction, the director now directly owns 251,044 shares of the company's stock, valued at approximately $28,993,071.56. The trade was a 17.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the company's stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $116.80, for a total transaction of $525,600.00. Following the transaction, the insider now owns 479,428 shares in the company, valued at approximately $55,997,190.40. This trade represents a 0.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 147,147 shares of company stock worth $17,133,207 over the last quarter. Company insiders own 4.23% of the company's stock.

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.