NVIDIA Co. (NASDAQ:NVDA) Shares Sold by OLD Second National Bank of Aurora

OLD Second National Bank of Aurora cut its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 6.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 16,617 shares of the computer hardware maker’s stock after selling 1,193 shares during the quarter. NVIDIA makes up approximately 2.3% of OLD Second National Bank of Aurora’s portfolio, making the stock its 8th biggest position. OLD Second National Bank of Aurora’s holdings in NVIDIA were worth $8,229,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. HF Advisory Group LLC lifted its stake in NVIDIA by 6.0% during the fourth quarter. HF Advisory Group LLC now owns 1,577 shares of the computer hardware maker’s stock worth $781,000 after purchasing an additional 89 shares during the last quarter. Flossbach Von Storch AG purchased a new stake in NVIDIA during the fourth quarter worth approximately $8,459,000. Livforsakringsbolaget Skandia Omsesidigt lifted its stake in NVIDIA by 13.4% during the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 69,992 shares of the computer hardware maker’s stock worth $34,658,000 after purchasing an additional 8,271 shares during the last quarter. Daiwa Securities Group Inc. lifted its stake in NVIDIA by 12.9% during the fourth quarter. Daiwa Securities Group Inc. now owns 440,394 shares of the computer hardware maker’s stock worth $218,092,000 after purchasing an additional 50,297 shares during the last quarter. Finally, Key Financial Inc lifted its stake in NVIDIA by 28.9% during the fourth quarter. Key Financial Inc now owns 2,554 shares of the computer hardware maker’s stock worth $1,265,000 after purchasing an additional 572 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

NVIDIA Stock Up 6.2 %

NVIDIA stock opened at $877.35 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. The firm has a market capitalization of $2.19 trillion, a price-to-earnings ratio of 73.48, a price-to-earnings-growth ratio of 1.14 and a beta of 1.73. NVIDIA Co. has a fifty-two week low of $266.25 and a fifty-two week high of $974.00. The stock’s fifty day moving average is $854.40 and its two-hundred day moving average is $635.34.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share for the quarter, beating the consensus estimate of $4.21 by $0.95. The company had revenue of $22.10 billion for the quarter, compared to analyst estimates of $20.40 billion. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. NVIDIA’s revenue was up 265.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.65 earnings per share. Analysts predict that NVIDIA Co. will post 22.55 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 6th were issued a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.02%. The ex-dividend date was Tuesday, March 5th. NVIDIA’s dividend payout ratio (DPR) is 1.34%.

Insider Buying and Selling at NVIDIA

In other news, Director Mark A. Stevens sold 22,700 shares of the company’s stock in a transaction on Friday, April 5th. The stock was sold at an average price of $879.97, for a total value of $19,975,319.00. Following the sale, the director now directly owns 1,052,133 shares in the company, valued at $925,845,476.01. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Mark A. Stevens sold 22,700 shares of the company’s stock in a transaction on Friday, April 5th. The stock was sold at an average price of $879.97, for a total value of $19,975,319.00. Following the sale, the director now directly owns 1,052,133 shares in the company, valued at $925,845,476.01. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mark A. Stevens sold 5,000 shares of the company’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $800.74, for a total value of $4,003,700.00. Following the completion of the sale, the director now owns 1,119,583 shares in the company, valued at $896,494,891.42. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 61,278 shares of company stock valued at $52,689,898. Insiders own 3.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on NVDA. Susquehanna restated a “positive” rating and set a $1,050.00 target price on shares of NVIDIA in a research note on Thursday, April 4th. Oppenheimer boosted their price objective on NVIDIA from $850.00 to $1,100.00 and gave the company an “outperform” rating in a research note on Wednesday, March 20th. HSBC boosted their price objective on NVIDIA from $880.00 to $1,050.00 and gave the company a “buy” rating in a research note on Monday, March 18th. Wells Fargo & Company boosted their price objective on NVIDIA from $840.00 to $970.00 and gave the company an “overweight” rating in a research note on Tuesday, March 19th. Finally, TD Cowen boosted their price objective 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 equities research analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $940.30.

NVIDIA 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.