Security National Bank lowered its stake in NVIDIA Co. (NASDAQ:NVDA) by 5.4% in the 1st quarter, HoldingsChannel reports. The fund owned 31,221 shares of the computer hardware maker’s stock after selling 1,765 shares during the period. NVIDIA accounts for approximately 4.9% of Security National Bank’s holdings, making the stock its 3rd largest holding. Security National Bank’s holdings in NVIDIA were worth $16,670,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. PrairieView Partners LLC bought a new stake in NVIDIA in the fourth quarter worth about $26,000. Cedar Mountain Advisors LLC bought a new stake in NVIDIA in the fourth quarter worth about $34,000. Bartlett & Co. LLC lifted its stake in NVIDIA by 48.2% in the fourth quarter. Bartlett & Co. LLC now owns 83 shares of the computer hardware maker’s stock worth $43,000 after purchasing an additional 27 shares during the last quarter. Perennial Advisors LLC bought a new stake in NVIDIA in the fourth quarter worth about $49,000. Finally, Litman Gregory Asset Management LLC bought a new stake in NVIDIA in the fourth quarter worth about $52,000. Institutional investors own 65.70% of the company’s stock.
In other news, Director Mark L. Perry sold 6,104 shares of the firm’s stock in a transaction on Monday, April 5th. The shares were sold at an average price of $556.58, for a total value of $3,397,364.32. Following the sale, the director now directly owns 8,031 shares in the company, valued at approximately $4,469,893.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 4.47% of the stock is currently owned by company insiders.
Shares of NVIDIA stock traded up $6.82 during mid-day trading on Thursday, hitting $572.56. The stock had a trading volume of 146,425 shares, compared to its average volume of 8,266,496. The firm has a 50-day moving average of $534.84 and a two-hundred day moving average of $535.31. NVIDIA Co. has a 12-month low of $257.00 and a 12-month high of $614.90. The company has a quick ratio of 3.52, a current ratio of 3.92 and a debt-to-equity ratio of 0.39. The firm has a market cap of $354.99 billion, a P/E ratio of 92.59, a price-to-earnings-growth ratio of 3.87 and a beta of 1.45.
NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results on Tuesday, February 23rd. The computer hardware maker reported $3.10 earnings per share for the quarter, beating the consensus estimate of $2.81 by $0.29. The business had revenue of $5 billion during the quarter, compared to analysts’ expectations of $4.83 billion. NVIDIA had a net margin of 25.89% and a return on equity of 32.61%. During the same quarter in the prior year, the company posted $1.89 EPS. Sell-side analysts expect that NVIDIA Co. will post 7.65 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 31st. Stockholders of record on Wednesday, March 10th were issued a $0.16 dividend. The ex-dividend date was Tuesday, March 9th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.11%. NVIDIA’s payout ratio is 13.94%.
Several analysts have issued reports on NVDA shares. Oppenheimer raised their price objective on shares of NVIDIA from $600.00 to $700.00 and gave the stock an “outperform” rating in a research note on Thursday, February 25th. JPMorgan Chase & Co. lifted their price target on shares of NVIDIA from $605.00 to $660.00 and gave the company an “overweight” rating in a research note on Wednesday, March 3rd. Raymond James lifted their price target on shares of NVIDIA from $600.00 to $700.00 and gave the company an “outperform” rating in a research note on Wednesday, March 3rd. BMO Capital Markets boosted their price objective on shares of NVIDIA from $650.00 to $680.00 and gave the stock an “outperform” rating in a research note on Monday, February 22nd. Finally, Piper Sandler boosted their price objective on shares of NVIDIA from $575.00 to $625.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 3rd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and twenty-nine have issued a buy rating to the stock. NVIDIA has a consensus rating of “Buy” and a consensus target price of $593.56.
NVIDIA Corporation operates as a visual computing company worldwide. It operates in two segments, GPU and Tegra Processor. The GPU segment offers processors, which include GeForce for PC gaming and mainstream PCs; GeForce NOW for cloud-based gaming; Quadro for design professionals working in computer-aided design, video editing, special effects, and other creative applications; Tesla for artificial intelligence (AI) utilizing deep learning, accelerated computing, and general purpose computing; GRID, which provides power of NVIDIA graphics through the cloud and datacenters; DGX for AI scientists, researchers, and developers; and EGX for accelerated AI computing at the edge.
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