NVIDIA Co. (NASDAQ:NVDA) Shares Acquired by OLD National Bancorp IN

OLD National Bancorp IN lifted its holdings in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 8.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 363,101 shares of the computer hardware maker's stock after purchasing an additional 28,588 shares during the quarter. NVIDIA comprises about 1.2% of OLD National Bancorp IN's holdings, making the stock its 14th biggest holding. OLD National Bancorp IN's holdings in NVIDIA were worth $48,761,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Christopher J. Hasenberg Inc purchased a new stake in NVIDIA during the 3rd quarter worth about $27,000. University of Texas Texas AM Investment Management Co. acquired a new position in shares of NVIDIA during the second quarter worth about $31,000. Legend Financial Advisors Inc. purchased a new stake in shares of NVIDIA during the fourth quarter worth approximately $34,000. West Financial Advisors LLC acquired a new stake in NVIDIA in the third quarter valued at approximately $36,000. Finally, DHJJ Financial Advisors Ltd. lifted its stake in NVIDIA by 70.0% in the third quarter. DHJJ Financial Advisors Ltd. now owns 340 shares of the computer hardware maker's stock worth $41,000 after acquiring an additional 140 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.

Insider Activity

In other NVIDIA news, Director Tench Coxe sold 1,000,000 shares of NVIDIA stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $131.26, for a total value of $131,260,000.00. Following the completion of the sale, the director now owns 28,671,360 shares in the company, valued at $3,763,402,713.60. The trade was a 3.37 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $135.28, for a total transaction of $608,760.00. Following the transaction, the insider now owns 480,899 shares in the company, valued at approximately $65,056,016.72. The trade was a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,107,632 shares of company stock valued at $146,405,286 over the last 90 days. Insiders own 4.23% of the company's stock.

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NVIDIA Price Performance

NASDAQ:NVDA traded up $4.66 during trading hours on Friday, reaching $124.81. 386,856,330 shares of the company traded hands, compared to its average volume of 274,371,563. 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's 50-day moving average is $134.39 and its 200-day moving average is $131.81. The stock has a market cap of $3.06 trillion, a P/E ratio of 49.12, a P/E/G ratio of 1.76 and a beta of 1.62. NVIDIA Co. has a 1-year low of $75.61 and a 1-year high of $153.13.

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, beating analysts' consensus estimates 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 expect that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The company 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 dividend of $0.01 per share. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. NVIDIA's dividend payout ratio (DPR) is presently 1.57%.

Wall Street Analyst Weigh In

NVDA has been the topic of a number of analyst reports. Loop Capital restated a "buy" rating and issued a $175.00 price objective on shares of NVIDIA in a report on Wednesday, November 20th. Redburn Atlantic started coverage on NVIDIA in a research note on Tuesday, November 12th. They issued a "buy" rating and a $178.00 price target on the stock. Piper Sandler upped their price objective on NVIDIA from $140.00 to $175.00 and gave the stock an "overweight" rating in a research report on Monday, November 11th. Tigress Financial reissued a "buy" rating on shares of NVIDIA in a research report on Wednesday. Finally, HSBC decreased their target price on NVIDIA from $195.00 to $185.00 and set a "buy" rating for the company in a research note on Monday, January 13th. Five analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $169.62.

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.