NVIDIA Co. (NASDAQ:NVDA) Shares Bought by Community Trust & Investment Co.

Community Trust & Investment Co. increased its position in NVIDIA Co. (NASDAQ:NVDA – Get Rating) by 1.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,458 shares of the computer hardware maker’s stock after buying an additional 504 shares during the period. Community Trust & Investment Co.’s holdings in NVIDIA were worth $7,373,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in NVIDIA by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 203,747,246 shares of the computer hardware maker’s stock valued at $24,732,878,000 after acquiring an additional 2,326,387 shares during the last quarter. State Street Corp raised its holdings in NVIDIA by 0.9% in the 3rd quarter. State Street Corp now owns 98,751,264 shares of the computer hardware maker’s stock valued at $11,987,416,000 after acquiring an additional 908,481 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in NVIDIA by 7.2% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 56,929,819 shares of the computer hardware maker’s stock valued at $8,629,991,000 after acquiring an additional 3,813,087 shares during the last quarter. Legal & General Group Plc raised its holdings in NVIDIA by 4.4% in the 2nd quarter. Legal & General Group Plc now owns 18,243,948 shares of the computer hardware maker’s stock valued at $2,765,602,000 after acquiring an additional 764,184 shares during the last quarter. Finally, UBS Asset Management Americas Inc. raised its holdings in NVIDIA by 3.3% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 14,612,261 shares of the computer hardware maker’s stock valued at $2,215,073,000 after acquiring an additional 467,060 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Insider Activity at NVIDIA

In other NVIDIA news, Director John Dabiri sold 293 shares of the firm’s stock in a transaction dated Monday, December 19th. The shares were sold at an average price of $165.80, for a total value of $48,579.40. Following the transaction, the director now owns 2,417 shares of the company’s stock, valued at $400,738.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director John Dabiri sold 293 shares of the stock in a transaction that occurred on Monday, December 19th. The stock was sold at an average price of $165.80, for a total transaction of $48,579.40. Following the sale, the director now directly owns 2,417 shares in the company, valued at approximately $400,738.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark A. Stevens sold 120,000 shares of the firm’s stock in a transaction that occurred on Monday, January 9th. The stock was sold at an average price of $158.84, for a total value of $19,060,800.00. Following the completion of the sale, the director now directly owns 1,325,888 shares in the company, valued at approximately $210,604,049.92. The disclosure for this sale can be found here. Insiders sold a total of 293,066 shares of company stock valued at $51,229,679 in the last quarter. Insiders own 4.04% of the company’s stock.

NVIDIA Trading Up 0.7 %

NASDAQ:NVDA opened at $257.25 on Friday. NVIDIA Co. has a 52 week low of $108.13 and a 52 week high of $289.46. The company has a quick ratio of 2.73, a current ratio of 3.52 and a debt-to-equity ratio of 0.44. The company has a market cap of $635.41 billion, a PE ratio of 147.84, a P/E/G ratio of 4.53 and a beta of 1.76. The business’s 50 day moving average is $210.84 and its two-hundred day moving average is $167.00.

NVIDIA (NASDAQ:NVDA – Get Rating) last announced its quarterly earnings data on Wednesday, February 22nd. The computer hardware maker reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.07. The firm had revenue of $6.05 billion for the quarter, compared to analysts’ expectations of $6.02 billion. NVIDIA had a return on equity of 26.61% and a net margin of 16.19%. The firm’s revenue for the quarter was down 20.8% on a year-over-year basis. During the same period last year, the business posted $1.14 earnings per share. On average, analysts predict that NVIDIA Co. will post 3.21 EPS for the current year.

NVIDIA Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 29th. Stockholders of record on Wednesday, March 8th will be issued a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.06%. The ex-dividend date of this dividend is Tuesday, March 7th. NVIDIA’s dividend payout ratio (DPR) is presently 9.20%.

Analysts Set New Price Targets

A number of analysts have recently commented on NVDA shares. JPMorgan Chase & Co. upped their price objective on NVIDIA from $220.00 to $250.00 and gave the stock an “overweight” rating in a report on Thursday, February 23rd. Tigress Financial dropped their price objective on NVIDIA from $310.00 to $250.00 and set a “buy” rating for the company in a report on Thursday, December 8th. StockNews.com started coverage on NVIDIA in a report on Thursday. They set a “hold” rating for the company. Deutsche Bank Aktiengesellschaft upped their price objective on NVIDIA from $170.00 to $200.00 and gave the stock a “hold” rating in a report on Thursday, February 23rd. Finally, Truist Financial upped their price objective on NVIDIA from $238.00 to $266.00 and gave the stock a “buy” rating in a report on Thursday, February 23rd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, NVIDIA presently has a consensus rating of “Moderate Buy” and an average price target of $245.32.

NVIDIA Profile

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NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the following segments: Graphics Processing Unit (GPU), Tegra Processor, and All Other. The GPU segment consists of product brands, including GeForce for gamers, Quadro for designers, Tesla and DGX for AI data scientists and big data researchers, and GRID for cloud-based visual computing users.