Ledyard National Bank Acquires 816 Shares of NVIDIA Co. (NASDAQ:NVDA)

Ledyard National Bank raised its stake in NVIDIA Co. (NASDAQ:NVDAFree Report) by 79.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,838 shares of the computer hardware maker’s stock after acquiring an additional 816 shares during the period. Ledyard National Bank’s holdings in NVIDIA were worth $800,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Norges Bank bought a new position in shares of NVIDIA in the 4th quarter valued at $3,900,874,000. Moneta Group Investment Advisors LLC increased its stake in shares of NVIDIA by 160,446.3% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 19,586,643 shares of the computer hardware maker’s stock valued at $2,862,392,000 after purchasing an additional 19,574,443 shares during the last quarter. Morgan Stanley increased its stake in shares of NVIDIA by 20.2% in the 4th quarter. Morgan Stanley now owns 27,533,756 shares of the computer hardware maker’s stock valued at $4,023,783,000 after purchasing an additional 4,621,002 shares during the last quarter. Barclays PLC grew its position in NVIDIA by 55.7% during the 2nd quarter. Barclays PLC now owns 7,661,032 shares of the computer hardware maker’s stock worth $3,240,769,000 after acquiring an additional 2,740,850 shares during the last quarter. Finally, Renaissance Technologies LLC grew its position in NVIDIA by 58,042.4% during the 2nd quarter. Renaissance Technologies LLC now owns 1,855,904 shares of the computer hardware maker’s stock worth $785,081,000 after acquiring an additional 1,852,712 shares during the last quarter. 64.79% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Mark A. Stevens sold 36,000 shares of the company’s stock in a transaction that occurred on Friday, January 12th. The stock was sold at an average price of $546.95, for a total value of $19,690,200.00. Following the completion of the transaction, the director now directly owns 1,134,583 shares of the company’s stock, valued at $620,560,171.85. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director Mark A. Stevens sold 36,000 shares of the company’s stock in a transaction that occurred on Friday, January 12th. The stock was sold at an average price of $546.95, for a total value of $19,690,200.00. Following the completion of the transaction, the director now directly owns 1,134,583 shares of the company’s stock, valued at $620,560,171.85. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Dawn E. Hudson sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $492.52, for a total value of $492,520.00. Following the completion of the transaction, the director now directly owns 70,500 shares of the company’s stock, valued at $34,722,660. The disclosure for this sale can be found here. Insiders sold a total of 155,216 shares of company stock valued at $79,810,950 over the last three months. Corporate insiders own 3.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on NVDA shares. Wells Fargo & Company boosted their price objective on NVIDIA from $600.00 to $675.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 22nd. Tigress Financial boosted their price objective on NVIDIA from $560.00 to $790.00 and gave the stock a “buy” rating in a research report on Thursday, January 18th. Citigroup reduced their price objective on NVIDIA from $630.00 to $575.00 and set a “buy” rating on the stock in a research report on Wednesday, October 18th. Oppenheimer restated an “outperform” rating and set a $650.00 price objective on shares of NVIDIA in a research report on Wednesday, November 22nd. Finally, Benchmark restated a “buy” rating and set a $625.00 price objective on shares of NVIDIA in a research report on Wednesday, November 22nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-four have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $616.35.

Read Our Latest Report on NVDA

NVIDIA Stock Performance

Shares of NVIDIA stock opened at $721.33 on Monday. The company has a market cap of $1.78 trillion, a PE ratio of 95.16, a price-to-earnings-growth ratio of 2.89 and a beta of 1.69. NVIDIA Co. has a 52 week low of $204.21 and a 52 week high of $721.85. The business has a 50 day moving average price of $545.55 and a 200-day moving average price of $485.68. The company has a quick ratio of 3.06, a current ratio of 3.59 and a debt-to-equity ratio of 0.25.

NVIDIA (NASDAQ:NVDAGet Free Report) last issued its quarterly earnings data on Tuesday, November 21st. The computer hardware maker reported $4.02 EPS for the quarter, topping the consensus estimate of $3.03 by $0.99. The firm had revenue of $18.12 billion during the quarter, compared to the consensus estimate of $16.19 billion. NVIDIA had a return on equity of 72.28% and a net margin of 42.10%. The company’s quarterly revenue was up 205.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.34 earnings per share. Equities analysts anticipate that NVIDIA Co. will post 11.09 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 28th. Stockholders of record on Wednesday, December 6th were issued a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.02%. The ex-dividend date was Tuesday, December 5th. NVIDIA’s dividend payout ratio is presently 2.11%.

About NVIDIA

(Free Report)

NVIDIA Corporation provides graphics, and compute and networking solutions in the United States, Taiwan, China, and internationally. The company's 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; vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building 3D designs and virtual worlds.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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