First National Bank & Trust Co. of Newtown Cuts Stock Position in NVIDIA Co. (NASDAQ:NVDA)

First National Bank & Trust Co. of Newtown reduced its stake in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 10.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 51,800 shares of the computer hardware maker's stock after selling 6,000 shares during the quarter. NVIDIA comprises 1.5% of First National Bank & Trust Co. of Newtown's holdings, making the stock its 12th largest position. First National Bank & Trust Co. of Newtown's holdings in NVIDIA were worth $6,956,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. AMF Tjanstepension AB raised its position in shares of NVIDIA by 2.2% in the third quarter. AMF Tjanstepension AB now owns 8,039,712 shares of the computer hardware maker's stock valued at $976,348,000 after buying an additional 169,445 shares in the last quarter. Wealth Group Ltd. lifted its position in shares of NVIDIA by 5.0% during the 3rd quarter. Wealth Group Ltd. now owns 5,602 shares of the computer hardware maker's stock valued at $680,000 after acquiring an additional 265 shares during the period. SOA Wealth Advisors LLC. increased its position in shares of NVIDIA by 0.3% in the third quarter. SOA Wealth Advisors LLC. now owns 120,634 shares of the computer hardware maker's stock worth $14,650,000 after purchasing an additional 350 shares during the period. Swedbank AB raised its stake in NVIDIA by 4.8% in the third quarter. Swedbank AB now owns 40,888,722 shares of the computer hardware maker's stock valued at $4,965,526,000 after purchasing an additional 1,868,358 shares in the last quarter. Finally, Integris Wealth Management LLC lifted its position in NVIDIA by 25.3% during the third quarter. Integris Wealth Management LLC now owns 3,828 shares of the computer hardware maker's stock worth $465,000 after purchasing an additional 772 shares during the period. Institutional investors and hedge funds own 65.27% of the company's stock.

Insider Buying and Selling at NVIDIA

In related news, EVP Ajay K. Puri sold 36,462 shares of NVIDIA stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $151.10, for a total transaction of $5,509,408.20. Following the transaction, the executive vice president now owns 3,902,888 shares of the company's stock, valued at $589,726,376.80. The trade was a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Aarti S. Shah sold 20,000 shares of the stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $118.42, for a total value of $2,368,400.00. Following the completion of the sale, the director now directly owns 53,208 shares of the company's stock, valued at $6,300,891.36. The trade was a 27.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 183,609 shares of company stock worth $22,642,615. 4.23% of the stock is owned by corporate insiders.

NVIDIA Stock Down 1.6 %

Shares of NASDAQ NVDA traded down $1.76 during trading on Friday, hitting $109.67. 229,047,047 shares of the company traded hands, compared to its average volume of 314,707,778. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. The business's fifty day moving average is $125.01 and its 200 day moving average is $131.50. The firm has a market capitalization of $2.68 trillion, a price-to-earnings ratio of 43.16, a P/E/G ratio of 1.76 and a beta of 1.77. NVIDIA Co. has a fifty-two week low of $75.61 and a fifty-two week 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 (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.05. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The business had revenue of $39.33 billion for the quarter, compared to analyst estimates of $38.16 billion. Equities research analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

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

Analyst Upgrades and Downgrades

NVDA has been the topic of several recent analyst reports. Rosenblatt Securities reissued a "buy" rating and issued a $220.00 target price on shares of NVIDIA in a report on Wednesday, March 19th. Stifel Nicolaus set a $180.00 price objective on shares of NVIDIA in a research note on Wednesday, March 19th. Mizuho lowered their target price on NVIDIA from $175.00 to $168.00 and set an "outperform" rating for the company in a research note on Friday, March 14th. Wedbush reissued an "outperform" rating and issued a $175.00 price objective on shares of NVIDIA in a research note on Thursday, February 20th. Finally, KeyCorp set a $190.00 target price on shares of NVIDIA in a research note on Wednesday, March 19th. Four investment analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $171.51.

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.