First National Corp MA ADV Increases Stake in NVIDIA Co. (NASDAQ:NVDA) with Acquisition of 62 Shares

First National Corp MA ADV Increases Stake in NVIDIA Co. (NASDAQ:NVDA) with Acquisition of 62 Shares


First National Corp MA ADV raised its holdings in shares of NVIDIA Co. (NASDAQ:NVDAFree Report) by 3.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 1,680 shares of the computer hardware maker’s stock after purchasing an additional 62 shares during the period. First National Corp MA ADV’s holdings in NVIDIA were worth $832,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Planned Solutions Inc. bought a new position in shares of NVIDIA during the fourth quarter valued at approximately $411,000. Sterling Investment Management LLC purchased a new stake in shares of NVIDIA during the fourth quarter valued at approximately $317,000. IFG Advisory LLC grew its holdings in shares of NVIDIA by 2.1% during the fourth quarter. IFG Advisory LLC now owns 20,740 shares of the computer hardware maker’s stock valued at $10,271,000 after buying an additional 419 shares during the last quarter. High Note Wealth LLC grew its holdings in shares of NVIDIA by 10.7% during the fourth quarter. High Note Wealth LLC now owns 1,620 shares of the computer hardware maker’s stock valued at $802,000 after buying an additional 157 shares during the last quarter. Finally, Highland Capital Management LLC grew its holdings in shares of NVIDIA by 12.4% during the fourth quarter. Highland Capital Management LLC now owns 30,629 shares of the computer hardware maker’s stock valued at $15,168,000 after buying an additional 3,384 shares during the last quarter. Institutional investors own 65.27% of the company’s stock.

Insiders Place Their Bets

In other NVIDIA news, EVP Debora Shoquist sold 5,676 shares of the business’s stock in a transaction on Monday, January 8th. The shares were sold at an average price of $500.00, for a total value of $2,838,000.00. Following the sale, the executive vice president now owns 48,360 shares in the company, valued at approximately $24,180,000. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other NVIDIA news, insider Donald F. Robertson, Jr. sold 450 shares of the business’s stock in a transaction on Friday, January 5th. The shares were sold at an average price of $484.62, for a total value of $218,079.00. Following the sale, the insider now owns 50,961 shares in the company, valued at approximately $24,696,719.82. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Debora Shoquist sold 5,676 shares of the business’s stock in a transaction dated Monday, January 8th. The stock was sold at an average price of $500.00, for a total transaction of $2,838,000.00. Following the completion of the sale, the executive vice president now owns 48,360 shares in the company, valued at $24,180,000. The disclosure for this sale can be found here. Insiders have sold a total of 105,352 shares of company stock worth $64,853,077 in the last 90 days. 3.99% of the stock is currently owned by corporate insiders.

NVIDIA Stock Up 0.1 %

NVDA opened at $903.56 on Friday. 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 Co. has a fifty-two week low of $262.20 and a fifty-two week high of $974.00. The firm’s fifty day moving average is $778.63 and its 200 day moving average is $577.15. The stock has a market cap of $2.26 trillion, a price-to-earnings ratio of 75.68, a price-to-earnings-growth ratio of 1.30 and a beta of 1.73.

NVIDIA (NASDAQ:NVDAGet Free Report) last released its earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share for the quarter, beating analysts’ consensus estimates of $4.21 by $0.95. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The company had revenue of $22.10 billion for the quarter, compared to analysts’ expectations of $20.40 billion. During the same quarter in the previous year, the company earned $0.65 EPS. NVIDIA’s revenue for the quarter was up 265.3% on a year-over-year basis. On average, sell-side analysts forecast that NVIDIA Co. will post 22.45 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 6th were paid a $0.04 dividend. 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 currently 1.34%.

Wall Street Analyst Weigh In

NVDA has been the topic of a number of recent analyst reports. Citigroup increased their price target on shares of NVIDIA from $820.00 to $1,030.00 and gave the company a “buy” rating in a report on Wednesday, March 20th. Tigress Financial increased their price target on shares of NVIDIA from $790.00 to $985.00 and gave the company a “buy” rating in a report on Thursday, February 29th. UBS Group increased their price target on shares of NVIDIA from $800.00 to $1,100.00 and gave the company a “buy” rating in a report on Friday, March 22nd. Needham & Company LLC increased their price target on shares of NVIDIA from $600.00 to $850.00 and gave the company a “buy” rating in a report on Thursday, February 22nd. Finally, Sanford C. Bernstein increased their price target on shares of NVIDIA from $700.00 to $1,000.00 and gave the company an “outperform” rating in a report on Thursday, February 22nd. Four analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, NVIDIA presently has an average rating of “Moderate Buy” and an average target price of $908.68.

Get Our Latest Analysis on NVDA

About NVIDIA

(Free Report)

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.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)



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