Trust Co of the South Acquires 743 NVIDIA Co. (NASDAQ:NVDA) Shares

Trust Co of the South Acquires 743 NVIDIA Co. (NASDAQ:NVDA) Shares


Trust Co of the South bought a new position in shares of NVIDIA Co. (NASDAQ:NVDAFree Report) during the 4th quarter, Holdings Channel reports. The firm bought 743 shares of the computer hardware maker’s stock, valued at approximately $368,000.

Several other large investors also recently made changes to their positions in NVDA. Vanguard Group Inc. boosted its holdings in NVIDIA by 1.1% in the third quarter. Vanguard Group Inc. now owns 203,680,199 shares of the computer hardware maker’s stock valued at $88,598,850,000 after acquiring an additional 2,287,471 shares during the last quarter. Geode Capital Management LLC boosted its holdings in NVIDIA by 0.6% in the first quarter. Geode Capital Management LLC now owns 46,056,013 shares of the computer hardware maker’s stock valued at $12,763,663,000 after acquiring an additional 267,061 shares during the last quarter. Morgan Stanley boosted its holdings in NVIDIA by 20.2% in the fourth quarter. Morgan Stanley now owns 27,533,756 shares of the computer hardware maker’s stock valued at $4,023,783,000 after acquiring an additional 4,621,002 shares during the last quarter. Norges Bank bought a new position in NVIDIA in the fourth quarter valued at about $3,900,874,000. Finally, Northern Trust Corp boosted its holdings in NVIDIA by 3.6% in the third quarter. Northern Trust Corp now owns 26,311,434 shares of the computer hardware maker’s stock valued at $11,445,211,000 after acquiring an additional 910,009 shares during the last quarter. Institutional investors own 65.27% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on NVDA shares. Sanford C. Bernstein raised their price target on NVIDIA from $700.00 to $1,000.00 and gave the company an “outperform” rating in a report on Thursday, February 22nd. DA Davidson increased their target price on NVIDIA from $410.00 to $620.00 and gave the company a “neutral” rating in a research note on Thursday, February 22nd. Deutsche Bank Aktiengesellschaft increased their target price on NVIDIA from $720.00 to $850.00 and gave the company a “hold” rating in a research note on Wednesday, March 20th. Argus increased their target price on NVIDIA from $850.00 to $950.00 and gave the company a “buy” rating in a research note on Wednesday, March 20th. Finally, TD Cowen increased their target price on NVIDIA from $900.00 to $1,100.00 and gave the company an “outperform” rating in a research note on Thursday, March 21st. Four research analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $908.68.

Get Our Latest Stock Analysis on NVIDIA

NVIDIA Stock Up 0.1 %

NVDA stock opened at $903.56 on Friday. The company has a quick ratio of 3.67, a current ratio of 4.17 and a debt-to-equity ratio of 0.20. The business has a 50 day moving average price of $772.45 and a two-hundred day moving average price of $574.01. The company has a market cap of $2.26 trillion, a price-to-earnings ratio of 75.68, a P/E/G ratio of 1.30 and a beta of 1.73. NVIDIA Co. has a twelve month low of $262.20 and a twelve month high of $974.00.

NVIDIA (NASDAQ:NVDAGet Free Report) last issued its earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 EPS for the quarter, topping 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 company had revenue of $22.10 billion during the quarter, compared to the consensus estimate of $20.40 billion. During the same period in the previous year, the company posted $0.65 EPS. The firm’s revenue for the quarter was up 265.3% compared to the same quarter last year. Analysts anticipate that NVIDIA Co. will post 22.45 EPS for the current fiscal year.

NVIDIA Dividend Announcement

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

Insider Transactions at NVIDIA

In other news, insider Donald F. Robertson, Jr. sold 450 shares of NVIDIA stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $484.62, for a total transaction of $218,079.00. Following the completion of the transaction, the insider now directly owns 50,961 shares in the company, valued at approximately $24,696,719.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Debora Shoquist sold 5,676 shares of NVIDIA stock in a transaction that occurred on 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 directly owns 48,360 shares of the company’s stock, valued at approximately $24,180,000. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Donald F. Robertson, Jr. sold 450 shares of NVIDIA stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $484.62, for a total value of $218,079.00. Following the sale, the insider now directly owns 50,961 shares of the company’s stock, valued at $24,696,719.82. The disclosure for this sale can be found here. In the last three months, insiders sold 105,352 shares of company stock worth $64,853,077. 3.99% of the stock is owned by company insiders.

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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