NVIDIA Co. (NASDAQ:NVDA) Stock Position Trimmed by River Street Advisors LLC

River Street Advisors LLC cut its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 3.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,315 shares of the computer hardware maker’s stock after selling 163 shares during the quarter. NVIDIA comprises about 2.1% of River Street Advisors LLC’s investment portfolio, making the stock its 10th largest position. River Street Advisors LLC’s holdings in NVIDIA were worth $2,632,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Heartland Bank & Trust Co increased its position in NVIDIA by 1.6% during the third quarter. Heartland Bank & Trust Co now owns 11,304 shares of the computer hardware maker’s stock worth $4,917,000 after buying an additional 176 shares in the last quarter. Moody National Bank Trust Division raised its position in shares of NVIDIA by 6.4% in the third quarter. Moody National Bank Trust Division now owns 50,119 shares of the computer hardware maker’s stock valued at $21,801,000 after buying an additional 3,035 shares during the last quarter. Ayrshire Capital Management LLC boosted its position in NVIDIA by 6.6% during the third quarter. Ayrshire Capital Management LLC now owns 549 shares of the computer hardware maker’s stock worth $239,000 after acquiring an additional 34 shares during the last quarter. Capital City Trust Co. FL raised its holdings in NVIDIA by 162.1% in the 3rd quarter. Capital City Trust Co. FL now owns 3,551 shares of the computer hardware maker’s stock valued at $1,545,000 after acquiring an additional 2,196 shares during the last quarter. Finally, Kohmann Bosshard Financial Services LLC boosted its holdings in shares of NVIDIA by 3.5% during the third quarter. Kohmann Bosshard Financial Services LLC now owns 1,412 shares of the computer hardware maker’s stock worth $614,000 after purchasing an additional 48 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

NVIDIA Stock Up 4.4 %

Shares of NVIDIA stock opened at $795.18 on Tuesday. The stock has a 50-day simple moving average of $846.17 and a 200-day simple moving average of $627.28. NVIDIA Co. has a 52-week low of $262.25 and a 52-week high of $974.00. The firm has a market cap of $1.99 trillion, a price-to-earnings ratio of 66.60, a P/E/G ratio of 1.09 and a beta of 1.73. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.17 and a quick ratio of 3.67.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.21 by $0.95. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The business had revenue of $22.10 billion during the quarter, compared to analyst estimates of $20.40 billion. During the same quarter in the previous year, the business earned $0.65 EPS. NVIDIA’s quarterly revenue was up 265.3% compared to the same quarter last year. On average, equities research analysts expect that NVIDIA Co. will post 22.55 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 6th were given a $0.04 dividend. The ex-dividend date was Tuesday, March 5th. This represents a $0.16 annualized dividend and a dividend yield of 0.02%. NVIDIA’s dividend payout ratio is 1.34%.

Analysts Set New Price Targets

Several research firms recently weighed in on NVDA. Oppenheimer increased their target price on NVIDIA from $850.00 to $1,100.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 20th. Deutsche Bank Aktiengesellschaft increased their price target on shares of NVIDIA from $720.00 to $850.00 and gave the stock a “hold” rating in a research note on Wednesday, March 20th. Craig Hallum increased their target price on NVIDIA from $700.00 to $850.00 and gave the stock a “buy” rating in a research report on Thursday, February 22nd. Piper Sandler upped their price target on NVIDIA from $850.00 to $1,050.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 20th. Finally, Wolfe Research boosted their target price on NVIDIA from $630.00 to $900.00 and gave the stock an “outperform” rating in a report on Thursday, February 22nd. Four equities research 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. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $940.30.

Insider Buying and Selling at NVIDIA

In related news, insider Donald F. Robertson, Jr. sold 450 shares of the stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $911.62, for a total value of $410,229.00. Following the completion of the sale, the insider now owns 49,815 shares in the company, valued at $45,412,350.30. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, insider Donald F. Robertson, Jr. sold 450 shares of the company’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $911.62, for a total value of $410,229.00. Following the sale, the insider now owns 49,815 shares of the company’s stock, valued at $45,412,350.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Mark A. Stevens sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $800.74, for a total value of $4,003,700.00. Following the transaction, the director now owns 1,119,583 shares of the company’s stock, valued at approximately $896,494,891.42. The disclosure for this sale can be found here. Insiders sold a total of 61,278 shares of company stock valued at $52,689,898 in the last ninety days. Company insiders own 3.99% of the company’s stock.

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.