NVIDIA Co. (NASDAQ:NVDA) is OLD Second National Bank of Aurora’s 3rd Largest Position

OLD Second National Bank of Aurora lessened its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 3.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 139,063 shares of the computer hardware maker’s stock after selling 5,031 shares during the period. NVIDIA accounts for approximately 4.2% of OLD Second National Bank of Aurora’s portfolio, making the stock its 3rd biggest position. OLD Second National Bank of Aurora’s holdings in NVIDIA were worth $18,675,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Ironwood Wealth Management LLC. increased its holdings in shares of NVIDIA by 896.9% during the 2nd quarter. Ironwood Wealth Management LLC. now owns 6,330 shares of the computer hardware maker’s stock worth $782,000 after buying an additional 5,695 shares during the last quarter. University of Texas Texas AM Investment Management Co. purchased a new position in NVIDIA in the second quarter worth approximately $31,000. Beck Bode LLC increased its stake in NVIDIA by 698.5% during the second quarter. Beck Bode LLC now owns 182,866 shares of the computer hardware maker’s stock worth $22,591,000 after acquiring an additional 159,966 shares during the last quarter. Manchester Global Management UK Ltd raised its position in NVIDIA by 337.5% in the second quarter. Manchester Global Management UK Ltd now owns 188,240 shares of the computer hardware maker’s stock valued at $23,255,000 after purchasing an additional 145,216 shares during the period. Finally, Front Street Capital Management Inc. lifted its stake in shares of NVIDIA by 930.4% in the 2nd quarter. Front Street Capital Management Inc. now owns 7,625 shares of the computer hardware maker’s stock valued at $942,000 after purchasing an additional 6,885 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

NVIDIA Stock Down 3.1 %

Shares of NASDAQ NVDA opened at $130.28 on Tuesday. The stock has a market cap of $3.19 trillion, a PE ratio of 51.27, a price-to-earnings-growth ratio of 1.76 and a beta of 1.62. NVIDIA Co. has a 52-week low of $75.61 and a 52-week high of $153.13. The business has a 50-day moving average price of $134.63 and a 200 day moving average price of $131.74. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13.

Insider Activity

In related news, insider Donald F. Robertson, Jr. sold 4,500 shares of the business’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $135.28, for a total value of $608,760.00. Following the transaction, the insider now owns 480,899 shares in the company, valued at $65,056,016.72. The trade was a 0.93 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Tench Coxe sold 1,000,000 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $131.26, for a total value of $131,260,000.00. Following the sale, the director now directly owns 28,671,360 shares of the company’s stock, valued at $3,763,402,713.60. The trade was a 3.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,107,632 shares of company stock valued at $146,405,286. 4.23% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

NVDA has been the subject of a number of recent analyst reports. Truist Financial raised their price objective on NVIDIA from $148.00 to $167.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of NVIDIA from $115.00 to $140.00 and gave the company a “hold” rating in a research report on Thursday, November 21st. Raymond James upped their price objective on shares of NVIDIA from $140.00 to $170.00 and gave the stock a “strong-buy” rating in a report on Thursday, November 14th. The Goldman Sachs Group increased their price objective on shares of NVIDIA from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Finally, Benchmark reissued a “buy” rating and issued a $190.00 target price on shares of NVIDIA in a research report on Tuesday, January 7th. Four investment analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $168.21.

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.