Whittier Trust Co. Increases Holdings in NVIDIA Co. (NASDAQ:NVDA)

Whittier Trust Co. boosted its holdings in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 0.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,709,916 shares of the computer hardware maker's stock after purchasing an additional 20,000 shares during the period. NVIDIA comprises approximately 6.6% of Whittier Trust Co.'s investment portfolio, making the stock its biggest position. Whittier Trust Co.'s holdings in NVIDIA were worth $498,204,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Elevate Wealth Advisory Inc. lifted its position in shares of NVIDIA by 7.1% during the 4th quarter. Elevate Wealth Advisory Inc. now owns 4,540 shares of the computer hardware maker's stock worth $610,000 after buying an additional 302 shares during the last quarter. BluePointe Capital Management LLC raised its stake in NVIDIA by 1.3% during the fourth quarter. BluePointe Capital Management LLC now owns 26,141 shares of the computer hardware maker's stock worth $3,510,000 after acquiring an additional 332 shares in the last quarter. Northwest & Ethical Investments L.P. lifted its holdings in shares of NVIDIA by 5.3% in the fourth quarter. Northwest & Ethical Investments L.P. now owns 665,787 shares of the computer hardware maker's stock worth $89,407,000 after acquiring an additional 33,506 shares during the last quarter. Condor Capital Management boosted its stake in shares of NVIDIA by 3.6% in the 4th quarter. Condor Capital Management now owns 2,559 shares of the computer hardware maker's stock valued at $344,000 after purchasing an additional 89 shares in the last quarter. Finally, Symmetry Partners LLC grew its holdings in shares of NVIDIA by 106.9% during the 4th quarter. Symmetry Partners LLC now owns 13,759 shares of the computer hardware maker's stock valued at $1,848,000 after purchasing an additional 7,110 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

NVIDIA Trading Up 3.6 %

NVDA opened at $106.43 on Friday. The firm has a market capitalization of $2.60 trillion, a PE ratio of 41.89, a P/E/G ratio of 1.76 and a beta of 1.96. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. NVIDIA Co. has a fifty-two week low of $78.22 and a fifty-two week high of $195.95. The company's 50-day moving average is $113.77 and its 200 day moving average is $129.16.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share 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 company had revenue of $39.33 billion for the quarter, compared to analyst estimates of $38.16 billion. As a group, research analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.04%. The ex-dividend date of this dividend was Wednesday, March 12th. NVIDIA's dividend payout ratio is 1.36%.

Insider Transactions at NVIDIA

In related news, insider Donald F. Robertson, Jr. sold 4,500 shares of the business'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 directly owns 479,428 shares in the company, valued at approximately $55,997,190.40. The trade was a 0.93 % 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 this link. Also, Director Aarti S. Shah sold 20,000 shares of the stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $118.42, for a total transaction of $2,368,400.00. Following the completion of the sale, the director now owns 53,208 shares of the company's stock, valued at approximately $6,300,891.36. This trade represents a 27.32 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 147,147 shares of company stock worth $17,133,207 in the last quarter. 4.23% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. TD Cowen dropped their price objective on shares of NVIDIA from $175.00 to $140.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Tigress Financial reissued a "buy" rating on shares of NVIDIA in a report on Wednesday, February 26th. Summit Insights cut NVIDIA from a "buy" rating to a "hold" rating in a report on Thursday, February 27th. Benchmark reiterated a "buy" rating and issued a $190.00 target price on shares of NVIDIA in a research report on Wednesday, March 19th. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $200.00 price objective on shares of NVIDIA in a research note on Wednesday, April 16th. Six equities research 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, NVIDIA has a consensus rating of "Moderate Buy" and an average target price of $165.01.

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.

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