FTB Advisors Inc. reduced its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 1.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,800 shares of the computer hardware maker’s stock after selling 87 shares during the quarter. FTB Advisors Inc.’s holdings in NVIDIA were worth $639,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in NVDA. US Bancorp DE increased its position in NVIDIA by 15.2% in the third quarter. US Bancorp DE now owns 41,578 shares of the computer hardware maker’s stock worth $11,684,000 after buying an additional 5,476 shares during the last quarter. Gamco Investors INC. ET AL boosted its position in NVIDIA by 92.8% during the third quarter. Gamco Investors INC. ET AL now owns 12,922 shares of the computer hardware maker’s stock worth $3,631,000 after purchasing an additional 6,220 shares during the period. American Century Companies Inc. boosted its position in NVIDIA by 30.7% during the third quarter. American Century Companies Inc. now owns 35,097 shares of the computer hardware maker’s stock worth $9,863,000 after purchasing an additional 8,237 shares during the period. Psagot Investment House Ltd. boosted its position in NVIDIA by 28.1% during the third quarter. Psagot Investment House Ltd. now owns 1,498 shares of the computer hardware maker’s stock worth $421,000 after purchasing an additional 329 shares during the period. Finally, Brookstone Capital Management boosted its position in NVIDIA by 18.0% during the third quarter. Brookstone Capital Management now owns 1,956 shares of the computer hardware maker’s stock worth $550,000 after purchasing an additional 299 shares during the period. Hedge funds and other institutional investors own 70.05% of the company’s stock.
A number of equities research analysts have issued reports on the company. BidaskClub raised NVIDIA from a “hold” rating to a “buy” rating in a research report on Friday, March 22nd. Wells Fargo & Co increased their price target on shares of NVIDIA from $170.00 to $190.00 and gave the company a “positive” rating in a report on Tuesday, March 19th. Royal Bank of Canada lowered their price target on shares of NVIDIA from $230.00 to $200.00 and set an “outperform” rating for the company in a report on Thursday, December 27th. Morgan Stanley downgraded shares of NVIDIA from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $220.00 to $148.00 in a report on Tuesday, January 29th. Finally, BMO Capital Markets lowered their price target on shares of NVIDIA to $130.00 and set a “market perform” rating for the company in a report on Tuesday, January 29th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and twenty-six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $207.03.
NVDA stock traded up $2.31 during trading on Friday, hitting $179.56. 11,406,575 shares of the company’s stock traded hands, compared to its average volume of 14,514,048. The firm has a market cap of $108.81 billion, a price-to-earnings ratio of 29.58, a PEG ratio of 4.33 and a beta of 1.89. The company has a quick ratio of 6.76, a current ratio of 7.94 and a debt-to-equity ratio of 0.21. NVIDIA Co. has a 1 year low of $124.46 and a 1 year high of $292.76.
NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Thursday, February 14th. The computer hardware maker reported $0.80 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.27. NVIDIA had a net margin of 35.35% and a return on equity of 41.78%. The company had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.22 billion. During the same period last year, the company posted $1.72 earnings per share. NVIDIA’s revenue was down 24.3% compared to the same quarter last year. Analysts anticipate that NVIDIA Co. will post 4.46 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 1st were paid a dividend of $0.16 per share. The ex-dividend date of this dividend was Thursday, February 28th. This represents a $0.64 annualized dividend and a dividend yield of 0.36%. NVIDIA’s payout ratio is currently 10.54%.
In other news, CFO Colette Kress sold 14,092 shares of the business’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $183.33, for a total transaction of $2,583,486.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Debora Shoquist sold 6,345 shares of the business’s stock in a transaction dated Wednesday, January 2nd. The stock was sold at an average price of $135.33, for a total transaction of $858,668.85. Following the sale, the executive vice president now directly owns 177,911 shares of the company’s stock, valued at approximately $24,076,695.63. The disclosure for this sale can be found here. Insiders have sold 20,551 shares of company stock valued at $3,459,799 over the last quarter. Insiders own 4.70% of the company’s stock.
NVIDIA Company Profile
NVIDIA Corporation operates as a visual computing company worldwide. It operates in two segments, GPU and Tegra Processor. The GPU segment offers processors, which include GeForce for PC gaming and mainstream PCs; GeForce NOW for cloud-based game-streaming service; Quadro for design professionals working in computer-aided design, video editing, special effects, and other creative applications; Tesla for artificial intelligence (AI) utilizing deep learning, accelerated computing, and general purpose computing; GRID, which provides power of NVIDIA graphics through the cloud and datacenters; DGX for AI scientists, researchers, and developers; and cryptocurrency-specific graphics processing units.