Town & Country Bank & Trust CO dba First Bankers Trust CO Raises Position in NVIDIA Co. (NASDAQ:NVDA)

Town & Country Bank & Trust CO dba First Bankers Trust CO lifted its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 3.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,622 shares of the computer hardware maker’s stock after buying an additional 207 shares during the quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings in NVIDIA were worth $889,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Christopher J. Hasenberg Inc acquired a new position in shares of NVIDIA during the third quarter worth $27,000. University of Texas Texas AM Investment Management Co. acquired a new position in shares of NVIDIA during the second quarter worth $31,000. Legend Financial Advisors Inc. acquired a new position in shares of NVIDIA during the fourth quarter worth $34,000. West Financial Advisors LLC bought a new stake in shares of NVIDIA in the third quarter worth $36,000. Finally, DHJJ Financial Advisors Ltd. increased its stake in shares of NVIDIA by 70.0% in the third quarter. DHJJ Financial Advisors Ltd. now owns 340 shares of the computer hardware maker’s stock worth $41,000 after buying an additional 140 shares during the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Tench Coxe sold 1,000,000 shares of the company’s stock in a transaction dated 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 transaction, the director now owns 28,671,360 shares in the company, valued at $3,763,402,713.60. This represents a 3.37 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Colette Kress sold 66,670 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $135.40, for a total value of $9,027,118.00. Following the completion of the transaction, the chief financial officer now owns 3,351,572 shares in the company, valued at $453,802,848.80. This represents a 1.95 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,108,348 shares of company stock worth $146,506,958 in the last 90 days. Company insiders own 4.23% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on NVDA shares. DA Davidson lifted their price target on shares of NVIDIA from $90.00 to $135.00 and gave the stock a “neutral” rating in a research note on Friday, November 22nd. Morgan Stanley dropped their price target on shares of NVIDIA from $166.00 to $152.00 and set an “overweight” rating for the company in a research note on Tuesday, January 28th. Wells Fargo & Company lifted their price target on shares of NVIDIA from $165.00 to $185.00 and gave the stock an “overweight” rating in a research note on Thursday, November 21st. Susquehanna lifted their price target on shares of NVIDIA from $160.00 to $180.00 and gave the stock a “positive” rating in a research note on Thursday, November 14th. Finally, Piper Sandler boosted their target price on shares of NVIDIA from $140.00 to $175.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. Four investment analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $168.21.

NVIDIA Price Performance

NVDA stock opened at $134.35 on Friday. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. NVIDIA Co. has a one year low of $74.22 and a one year high of $153.13. The firm has a market capitalization of $3.29 trillion, a PE ratio of 52.87, a P/E/G ratio of 1.75 and a beta of 1.62. The firm has a 50-day moving average of $134.66 and a two-hundred day moving average of $131.14.

NVIDIA (NASDAQ:NVDA) last issued its earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.12. The company had revenue of $35.08 billion for the quarter, compared to the consensus estimate of $33.15 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The firm’s quarterly revenue was up 93.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.38 EPS. On average, analysts forecast that NVIDIA Co. will post 2.77 earnings per share for the current year.

About NVIDIA

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.