Whittier Trust Co. of Nevada Inc. Has $203.21 Million Stake in NVIDIA Co. (NASDAQ:NVDA)

Whittier Trust Co. of Nevada Inc. lifted its stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 4.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,513,218 shares of the computer hardware maker's stock after purchasing an additional 64,269 shares during the quarter. NVIDIA accounts for about 5.0% of Whittier Trust Co. of Nevada Inc.'s holdings, making the stock its 3rd largest position. Whittier Trust Co. of Nevada Inc.'s holdings in NVIDIA were worth $203,210,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in NVDA. Absolute Capital Management LLC grew its position in shares of NVIDIA by 122.8% during the 4th quarter. Absolute Capital Management LLC now owns 12,032 shares of the computer hardware maker's stock valued at $1,631,000 after purchasing an additional 6,632 shares in the last quarter. Douglass Winthrop Advisors LLC grew its position in NVIDIA by 6.5% during the fourth quarter. Douglass Winthrop Advisors LLC now owns 132,502 shares of the computer hardware maker's stock worth $17,794,000 after buying an additional 8,061 shares in the last quarter. Whittier Trust Co. increased its stake in NVIDIA by 0.5% in the 4th quarter. Whittier Trust Co. now owns 3,709,916 shares of the computer hardware maker's stock worth $498,204,000 after acquiring an additional 20,000 shares during the last quarter. Elevate Wealth Advisory Inc. raised its holdings in shares of NVIDIA by 7.1% in the 4th quarter. Elevate Wealth Advisory Inc. now owns 4,540 shares of the computer hardware maker's stock valued at $610,000 after acquiring an additional 302 shares in the last quarter. Finally, BluePointe Capital Management LLC boosted its position in shares of NVIDIA by 1.3% during the 4th quarter. BluePointe Capital Management LLC now owns 26,141 shares of the computer hardware maker's stock valued at $3,510,000 after acquiring an additional 332 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.

NVIDIA Stock Up 4.3 %

Shares of NASDAQ NVDA traded up $4.58 during mid-day trading on Friday, hitting $111.01. 250,248,639 shares of the stock traded hands, compared to its average volume of 305,623,686. The company has a market cap of $2.71 trillion, a price-to-earnings ratio of 43.69, a PEG ratio of 1.76 and a beta of 1.96. The stock has a fifty day moving average price of $113.77 and a 200-day moving average price of $129.16. NVIDIA Co. has a 52 week low of $81.25 and a 52 week high of $195.95. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its earnings results 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. The firm had revenue of $39.33 billion for the quarter, compared to analysts' expectations of $38.16 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. Research analysts anticipate that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

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

Insider Activity

In other news, Director Aarti S. Shah sold 20,000 shares of the stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $118.42, for a total value of $2,368,400.00. Following the sale, the director now directly owns 53,208 shares of the company's stock, valued at approximately $6,300,891.36. This represents a 27.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Colette Kress sold 66,660 shares of NVIDIA stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $116.83, for a total value 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 approximately $360,509,924.95. This represents a 2.11 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 147,147 shares of company stock worth $17,133,207. Insiders own 4.23% of the company's stock.

Analyst Upgrades and Downgrades

NVDA has been the subject of several research analyst reports. Piper Sandler reiterated an "overweight" rating on shares of NVIDIA in a research report on Friday. KeyCorp set a $190.00 target price on shares of NVIDIA in a research report on Wednesday, March 19th. TD Cowen lowered their price target on NVIDIA from $175.00 to $140.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. HSBC lowered NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 price target for the company. in a research note on Thursday, April 3rd. Finally, Bank of America reduced their price objective on NVIDIA from $200.00 to $160.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. Six equities research analysts have rated the stock with a hold rating, thirty-six have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $164.96.

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.