NVIDIA Co. (NASDAQ:NVDA) Shares Sold by First National Bank & Trust Co. of Newtown

First National Bank & Trust Co. of Newtown trimmed its holdings in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 10.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 51,800 shares of the computer hardware maker's stock after selling 6,000 shares during the quarter. NVIDIA comprises about 1.5% of First National Bank & Trust Co. of Newtown's investment portfolio, making the stock its 12th largest holding. First National Bank & Trust Co. of Newtown's holdings in NVIDIA were worth $6,956,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Legend Financial Advisors Inc. acquired a new stake in shares of NVIDIA in the 4th quarter valued at $34,000. Luken Investment Analytics LLC bought a new position in shares of NVIDIA in the fourth quarter valued at $40,000. DHJJ Financial Advisors Ltd. raised its position in NVIDIA by 70.0% in the 3rd quarter. DHJJ Financial Advisors Ltd. now owns 340 shares of the computer hardware maker's stock valued at $41,000 after buying an additional 140 shares during the last quarter. Lowe Wealth Advisors LLC bought a new position in shares of NVIDIA during the 4th quarter worth approximately $46,000. Finally, 1620 Investment Advisors Inc. boosted its position in NVIDIA by 145.9% in the third quarter. 1620 Investment Advisors Inc. now owns 418 shares of the computer hardware maker's stock worth $51,000 after purchasing an additional 248 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently weighed in on NVDA. Truist Financial increased their target price on shares of NVIDIA from $204.00 to $205.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. Stifel Nicolaus set a $180.00 target price on NVIDIA in a report on Wednesday, March 19th. Mizuho cut their price objective on shares of NVIDIA from $175.00 to $168.00 and set an "outperform" rating for the company in a research report on Friday, March 14th. Susquehanna reaffirmed a "positive" rating and set a $180.00 target price on shares of NVIDIA in a report on Wednesday, March 19th. Finally, KeyCorp set a $190.00 price target on shares of NVIDIA in a report on Wednesday, March 19th. Four investment analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $171.51.

Remove Ads

Insider Buying and Selling

In other NVIDIA news, Director John Dabiri sold 2,663 shares of NVIDIA stock in a transaction on Monday, March 10th. The stock was sold at an average price of $110.00, for a total transaction of $292,930.00. Following the completion of the sale, the director now directly owns 17,279 shares of the company's stock, valued at $1,900,690. The trade was a 13.35 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Colette Kress sold 66,660 shares of the business's stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $116.83, for a total transaction of $7,787,887.80. Following the completion of the transaction, the chief financial officer now directly owns 3,085,765 shares of the company's stock, valued at $360,509,924.95. This trade represents a 2.11 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 183,609 shares of company stock valued at $22,642,615 in the last 90 days. Company insiders own 4.23% of the company's stock.

NVIDIA Trading Down 1.5 %

NASDAQ:NVDA traded down $1.73 during mid-day trading on Friday, hitting $109.71. 113,258,851 shares of the stock traded hands, compared to its average volume of 314,758,471. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $2.68 trillion, a price-to-earnings ratio of 43.01, a PEG ratio of 1.76 and a beta of 1.77. NVIDIA Co. has a 52 week low of $75.61 and a 52 week high of $195.95. The firm's 50 day moving average is $125.57 and its two-hundred day moving average is $131.32.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share 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 firm had revenue of $39.33 billion for the quarter, compared to the consensus estimate of $38.16 billion. On average, equities research analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.04%. The ex-dividend date is Wednesday, March 12th. NVIDIA's payout ratio is presently 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.