NVIDIA Co. (NASDAQ:NVDA) Stock Position Lessened by Bank OZK

Bank OZK trimmed its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 1.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,908 shares of the computer hardware maker’s stock after selling 157 shares during the period. NVIDIA makes up 1.9% of Bank OZK’s investment portfolio, making the stock its 9th largest holding. Bank OZK’s holdings in NVIDIA were worth $3,916,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. LFA Lugano Financial Advisors SA bought a new position in shares of NVIDIA in the 4th quarter worth approximately $28,000. Criterion Capital Advisors LLC bought a new position in NVIDIA in the fourth quarter worth approximately $28,000. Your Advocates Ltd. LLP bought a new position in NVIDIA in the third quarter worth approximately $30,000. Trivant Custom Portfolio Group LLC boosted its stake in shares of NVIDIA by 44.1% during the 3rd quarter. Trivant Custom Portfolio Group LLC now owns 98 shares of the computer hardware maker’s stock worth $43,000 after acquiring an additional 30 shares during the last quarter. Finally, O Brien Wealth Partners LLC grew its position in shares of NVIDIA by 139.5% during the 4th quarter. O Brien Wealth Partners LLC now owns 91 shares of the computer hardware maker’s stock valued at $45,000 after acquiring an additional 53 shares during the period. Institutional investors own 65.27% of the company’s stock.

NVIDIA Stock Up 3.5 %

Shares of NASDAQ NVDA opened at $887.89 on Monday. The stock has a 50 day moving average price of $867.38 and a 200 day moving average price of $652.35. The firm has a market capitalization of $2.22 trillion, a price-to-earnings ratio of 74.36, a PEG ratio of 1.27 and a beta of 1.75. NVIDIA Co. has a 52-week low of $272.40 and a 52-week high of $974.00. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.67 and a current ratio of 4.17.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 EPS for the quarter, beating the consensus estimate of $4.21 by $0.95. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The firm had revenue of $22.10 billion for the quarter, compared to analyst estimates of $20.40 billion. During the same quarter last year, the firm posted $0.65 earnings per share. The business’s revenue for the quarter was up 265.3% on a year-over-year basis. Sell-side analysts expect that NVIDIA Co. will post 22.55 earnings per share for the current year.

NVIDIA Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Piper Sandler lifted their target price on NVIDIA from $850.00 to $1,050.00 and gave the company an “overweight” rating in a research report on Wednesday, March 20th. Argus boosted their price objective on NVIDIA from $850.00 to $950.00 and gave the company a “buy” rating in a research note on Wednesday, March 20th. Loop Capital began coverage on shares of NVIDIA in a research note on Friday, February 16th. They set a “buy” rating and a $1,200.00 target price on the stock. Craig Hallum upped their price target on shares of NVIDIA from $700.00 to $850.00 and gave the stock a “buy” rating in a research report on Thursday, February 22nd. Finally, Wedbush restated an “outperform” rating and set a $1,000.00 price objective on shares of NVIDIA in a research report on Tuesday, March 19th. Four analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, NVIDIA currently has an average rating of “Moderate Buy” and an average target price of $941.55.

Insider Buying and Selling

In other news, Director Mark A. Stevens sold 5,000 shares of NVIDIA stock in a transaction 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 directly owns 1,119,583 shares in the company, valued at approximately $896,494,891.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director John Dabiri sold 128 shares of NVIDIA stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $940.00, for a total value of $120,320.00. Following the transaction, the director now owns 2,055 shares of the company’s stock, valued at approximately $1,931,700. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Mark A. Stevens sold 5,000 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $800.74, for a total transaction of $4,003,700.00. Following the sale, the director now directly 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 61,278 shares of company stock valued at $52,689,898 over the last 90 days. Corporate insiders own 3.99% of the company’s stock.

NVIDIA Company Profile

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.