Indiana Trust & Investment Management CO lifted its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 15.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 1,145 shares of the computer hardware maker’s stock after acquiring an additional 150 shares during the quarter. Indiana Trust & Investment Management CO’s holdings in NVIDIA were worth $611,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. PrairieView Partners LLC bought a new position in shares of NVIDIA during the 4th quarter worth $26,000. Cedar Mountain Advisors LLC bought a new position in shares of NVIDIA during the 4th quarter worth $34,000. Bartlett & Co. LLC grew its stake in shares of NVIDIA by 48.2% during the 4th quarter. Bartlett & Co. LLC now owns 83 shares of the computer hardware maker’s stock worth $43,000 after acquiring an additional 27 shares during the period. Perennial Advisors LLC bought a new position in shares of NVIDIA during the 4th quarter worth $49,000. Finally, Litman Gregory Asset Management LLC bought a new position in shares of NVIDIA during the 4th quarter worth $52,000. Institutional investors own 65.70% of the company’s stock.
Several research firms have recently weighed in on NVDA. Susquehanna increased their price target on NVIDIA from $625.00 to $700.00 and gave the stock a “positive” rating in a research note on Monday, February 22nd. Wedbush raised their target price on NVIDIA from $600.00 to $640.00 and gave the stock an “outperform” rating in a research note on Thursday, February 25th. Oppenheimer raised their target price on NVIDIA from $600.00 to $700.00 and gave the stock an “outperform” rating in a research note on Thursday, February 25th. Susquehanna Bancshares raised their target price on NVIDIA from $625.00 to $700.00 and gave the stock a “positive” rating in a research note on Monday, February 22nd. Finally, New Street Research upgraded NVIDIA from a “sell” rating to a “neutral” rating in a research note on Wednesday, February 3rd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and twenty-nine have given a buy rating to the company’s stock. NVIDIA has a consensus rating of “Buy” and an average price target of $593.56.
NVIDIA stock traded up $9.51 during trading hours on Thursday, reaching $575.25. The company had a trading volume of 170,357 shares, compared to its average volume of 8,266,496. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.92 and a quick ratio of 3.52. The company has a 50-day moving average price of $534.84 and a 200 day moving average price of $535.31. The firm has a market cap of $356.66 billion, a price-to-earnings ratio of 92.59, a P/E/G ratio of 3.87 and a beta of 1.45. NVIDIA Co. has a 12-month low of $257.00 and a 12-month high of $614.90.
NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings results on Tuesday, February 23rd. The computer hardware maker reported $3.10 EPS for the quarter, topping the Zacks’ consensus estimate of $2.81 by $0.29. The business had revenue of $5 billion for the quarter, compared to analysts’ expectations of $4.83 billion. NVIDIA had a return on equity of 32.61% and a net margin of 25.89%. During the same period in the previous year, the firm earned $1.89 EPS. As a group, research analysts expect that NVIDIA Co. will post 7.65 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, March 31st. Shareholders of record on Wednesday, March 10th were paid a $0.16 dividend. The ex-dividend date of this dividend was Tuesday, March 9th. This represents a $0.64 dividend on an annualized basis and a yield of 0.11%. NVIDIA’s dividend payout ratio (DPR) is currently 13.94%.
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 gaming; 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 EGX for accelerated AI computing at the edge.
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