Riverview Trust Co Has $2.41 Million Stake in NVIDIA Co. (NASDAQ:NVDA)

Riverview Trust Co decreased its position in NVIDIA Co. (NASDAQ:NVDA) by 1.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 17,967 shares of the computer hardware maker’s stock after selling 268 shares during the period. NVIDIA makes up approximately 3.7% of Riverview Trust Co’s holdings, making the stock its 6th biggest position. Riverview Trust Co’s holdings in NVIDIA were worth $2,413,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. SRS Capital Advisors Inc. raised its holdings in shares of NVIDIA by 82.5% in the 4th quarter. SRS Capital Advisors Inc. now owns 91,007 shares of the computer hardware maker’s stock worth $12,221,000 after purchasing an additional 41,146 shares in the last quarter. Firetrail Investments PTY Ltd. boosted its position in NVIDIA by 15.0% during the 4th quarter. Firetrail Investments PTY Ltd. now owns 190,697 shares of the computer hardware maker’s stock worth $25,702,000 after acquiring an additional 24,855 shares during the period. Asahi Life Asset Management CO. LTD. increased its stake in NVIDIA by 9.5% in the 4th quarter. Asahi Life Asset Management CO. LTD. now owns 59,446 shares of the computer hardware maker’s stock valued at $7,983,000 after buying an additional 5,176 shares during the period. Halbert Hargrove Global Advisors LLC purchased a new stake in shares of NVIDIA during the fourth quarter worth $160,000. Finally, Bailard Inc. grew its stake in shares of NVIDIA by 0.4% in the 4th quarter. Bailard Inc. now owns 795,668 shares of the computer hardware maker’s stock valued at $106,850,000 after buying an additional 2,807 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

NVIDIA Price Performance

Shares of NASDAQ NVDA opened at $94.31 on Monday. The firm’s 50 day simple moving average is $121.20 and its 200-day simple moving average is $131.19. NVIDIA Co. has a 12 month low of $75.61 and a 12 month high of $195.95. The stock has a market capitalization of $2.30 trillion, a price-to-earnings ratio of 37.12, a PEG ratio of 1.76 and a beta of 1.96. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64.

NVIDIA (NASDAQ:NVDA) last announced its 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 the consensus estimate of $38.16 billion. Analysts expect that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

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

Insider Buying and Selling at NVIDIA

In related news, Director Aarti S. Shah sold 20,000 shares of the stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $118.42, for a total transaction of $2,368,400.00. Following the transaction, the director now owns 53,208 shares of the company’s stock, valued at approximately $6,300,891.36. This represents a 27.32 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Colette Kress sold 66,660 shares of the business’s stock in a transaction on Friday, March 21st. The stock was sold at an average price of $116.83, for a total transaction of $7,787,887.80. Following the completion of the transaction, the chief financial officer now owns 3,085,765 shares of the company’s stock, valued at approximately $360,509,924.95. This trade represents a 2.11 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 147,147 shares of company stock worth $17,133,207. Insiders own 4.23% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on NVDA. Benchmark reissued a “buy” rating and issued a $190.00 price target on shares of NVIDIA in a research report on Wednesday, March 19th. Tigress Financial restated a “buy” rating on shares of NVIDIA in a research note on Wednesday, February 26th. Bank of America reiterated a “buy” rating and issued a $200.00 price target on shares of NVIDIA in a research report on Wednesday, March 19th. Susquehanna reissued a “positive” rating and issued a $180.00 target price on shares of NVIDIA in a report on Wednesday, March 19th. Finally, Wedbush restated an “outperform” rating and issued a $175.00 price objective on shares of NVIDIA in a research report on Thursday, February 20th. Six research analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.