Nixon Peabody Trust Co. Has $53.61 Million Stake in NVIDIA Co. (NASDAQ:NVDA)

Nixon Peabody Trust Co. lifted its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 0.8% during the fourth quarter, HoldingsChannel reports. The firm owned 399,213 shares of the computer hardware maker’s stock after buying an additional 3,152 shares during the quarter. NVIDIA comprises 4.4% of Nixon Peabody Trust Co.’s portfolio, making the stock its 6th largest holding. Nixon Peabody Trust Co.’s holdings in NVIDIA were worth $53,610,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in NVDA. Middleton & Co. Inc. MA raised its stake in NVIDIA by 4.3% during the 4th quarter. Middleton & Co. Inc. MA now owns 15,810 shares of the computer hardware maker’s stock worth $2,123,000 after buying an additional 650 shares during the period. Richard W. Paul & Associates LLC increased its holdings in shares of NVIDIA by 4.4% in the fourth quarter. Richard W. Paul & Associates LLC now owns 22,139 shares of the computer hardware maker’s stock worth $2,973,000 after acquiring an additional 929 shares in the last quarter. Metis Global Partners LLC raised its position in shares of NVIDIA by 3.6% during the fourth quarter. Metis Global Partners LLC now owns 1,464,826 shares of the computer hardware maker’s stock worth $196,711,000 after purchasing an additional 50,978 shares during the period. Evergreen Advisors LLC bought a new position in shares of NVIDIA during the 4th quarter valued at about $412,000. Finally, Providence First Trust Co grew its position in shares of NVIDIA by 15.7% in the 4th quarter. Providence First Trust Co now owns 39,083 shares of the computer hardware maker’s stock valued at $5,248,000 after purchasing an additional 5,309 shares during the period. Institutional investors and hedge funds own 65.27% of the company’s stock.

NVIDIA Trading Down 7.4 %

Shares of NVDA stock opened at $94.31 on Friday. NVIDIA Co. has a 12-month low of $75.61 and a 12-month high of $195.95. The firm has a 50 day moving average price of $121.20 and a two-hundred day moving average price of $131.07. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $2.30 trillion, a PE ratio of 37.12, a price-to-earnings-growth ratio of 1.76 and a beta of 1.96.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.05. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The business had revenue of $39.33 billion during the quarter, compared to analysts’ expectations of $38.16 billion. As a group, analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were paid a $0.01 dividend. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $0.04 annualized dividend and a dividend yield of 0.04%. NVIDIA’s dividend payout ratio (DPR) is presently 1.36%.

Insider Buying and Selling

In other NVIDIA news, CFO Colette Kress sold 66,660 shares of the stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $116.83, for a total transaction of $7,787,887.80. Following the transaction, the chief financial officer now owns 3,085,765 shares in the company, valued at $360,509,924.95. This represents a 2.11 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Ajay K. Puri sold 36,462 shares of NVIDIA stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $151.10, for a total transaction of $5,509,408.20. Following the completion of the sale, the executive vice president now owns 3,902,888 shares of the company’s stock, valued at approximately $589,726,376.80. The trade was a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 183,609 shares of company stock valued at $22,642,615. 4.23% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

NVDA has been the topic of several research analyst reports. Cantor Fitzgerald restated an “overweight” rating and set a $200.00 target price on shares of NVIDIA in a report on Wednesday, March 19th. Benchmark reaffirmed a “buy” rating and issued a $190.00 price objective on shares of NVIDIA in a research report on Wednesday, March 19th. KeyCorp set a $190.00 target price on NVIDIA in a report on Wednesday, March 19th. Truist Financial boosted their price target on NVIDIA from $204.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Finally, Susquehanna reissued a “positive” rating and issued a $180.00 target price on shares of NVIDIA in a research report on Wednesday, March 19th. Six analysts have rated the stock with a hold rating, thirty-six have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $169.89.

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.