1 week Ago By Defense World Staff
Community Bank N.A. cut its stake in NVIDIA Co.
(NASDAQ:NVDA – Free Report) by 1.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,951 shares of the computer hardware maker’s stock after selling 951 shares during the period.
NVIDIA accounts for approximately 1.0% of Community Bank N.A.
’s investment portfolio, making the stock its 24th largest holding. Community Bank N.A.
’s holdings in NVIDIA were worth $7,782,000 at the end of the most recent reporting period. A number of other hedge funds also recently added to or reduced their stakes in NVDA. Tacita Capital Inc acquired a new position in NVIDIA during the 4th quarter valued at about $28,000.
Legend Financial Advisors Inc. bought a new stake in shares of NVIDIA during the fourth quarter valued at approximately $34,000. Vision Financial Markets LLC acquired a new position in shares of NVIDIA during the fourth quarter worth approximately $38,000.
Luken Investment Analytics LLC bought a new position in NVIDIA in the 4th quarter worth approximately $40,000. Finally, Lowe Wealth Advisors LLC acquired a new stake in NVIDIA in the 4th quarter valued at approximately $46,000. 65.
27% of the stock is currently owned by institutional investors. Insider Buying and SellingIn other NVIDIA news, insider Donald F. Robertson, Jr.
sold 4,500 shares of the stock in a transaction on Friday, March 21st. The shares were sold at an average price of $116.80, for a total transaction of $525,600.
00. Following the transaction, the insider now directly owns 479,428 shares of the company’s stock, valued at $55,997,190.40.
This represents a 0.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Also, Director Aarti S. Shah sold 20,000 shares of the firm’s stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $118.
42, for a total value of $2,368,400.00. Following the transaction, the director now owns 53,208 shares in the company, valued at approximately $6,300,891.
36. This trade represents a 27.32 % decrease in their ownership of the stock.
The disclosure for this sale can be found here. Over the last quarter, insiders have sold 147,147 shares of company stock worth $17,133,207. Insiders own 4.
23% of the company’s stock. Analysts Set New Price TargetsA number of research analysts have issued reports on NVDA shares. KeyCorp set a $190.
00 price target on NVIDIA in a research report on Wednesday, March 19th. Mizuho decreased their target price on shares of NVIDIA from $175.00 to $168.
00 and set an “outperform” rating for the company in a research report on Friday, March 14th. DZ Bank upgraded shares of NVIDIA from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 28th. Bank of America decreased their price objective on shares of NVIDIA from $200.
00 to $160.00 and set a “buy” rating for the company in a report on Wednesday, April 16th. Finally, Tigress Financial reissued a “buy” rating on shares of NVIDIA in a report on Wednesday, February 26th.
Six investment analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $164.
96.View Our Latest Research Report on NVIDIANVIDIA Stock Up 4.3 %NVDA stock opened at $111.
01 on Friday. The company has a 50 day moving average of $113.21 and a two-hundred day moving average of $128.
99. The company has a market cap of $2.71 trillion, a price-to-earnings ratio of 43.
69, a PEG ratio of 1.76 and a beta of 1.96.
NVIDIA Co. has a 12-month low of $81.25 and a 12-month high of $195.
95. The company has a quick ratio of 3.64, a current ratio of 4.
10 and a debt-to-equity ratio of 0.13. NVIDIA (NASDAQ:NVDA – Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th.
The computer hardware maker reported $0.89 earnings per share (EPS) 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 analyst estimates of $38.
16 billion. On average, equities analysts anticipate that NVIDIA Co. will post 2.
77 earnings per share for the current fiscal year. NVIDIA Announces DividendThe company 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 was Wednesday, March 12th. This represents a $0.
04 annualized dividend and a dividend yield of 0.04%. NVIDIA’s payout ratio is 1.
36%. NVIDIA Profile (Free Report)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.
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