NVIDIA Corporation (NVDA) Holdings Cut by Trust Co

Trust Co trimmed its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 13.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,195 shares of the computer hardware maker’s stock after selling 350 shares during the period. Trust Co’s holdings in NVIDIA were worth $392,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Welch Investments LLC acquired a new stake in shares of NVIDIA in the third quarter valued at about $104,000. Evercore Wealth Management LLC raised its position in shares of NVIDIA by 36.9% in the second quarter. Evercore Wealth Management LLC now owns 765 shares of the computer hardware maker’s stock valued at $110,000 after buying an additional 206 shares during the last quarter. Edge Advisors LLC raised its position in shares of NVIDIA by 98.8% in the third quarter. Edge Advisors LLC now owns 835 shares of the computer hardware maker’s stock valued at $149,000 after buying an additional 415 shares during the last quarter. Quadrant Capital Group LLC raised its position in shares of NVIDIA by 11.5% in the second quarter. Quadrant Capital Group LLC now owns 1,176 shares of the computer hardware maker’s stock valued at $153,000 after buying an additional 121 shares during the last quarter. Finally, Exane Derivatives acquired a new stake in shares of NVIDIA in the third quarter valued at about $164,000. 63.41% of the stock is currently owned by institutional investors and hedge funds.

In other NVIDIA news, Director A Brooke Seawell sold 1,029 shares of NVIDIA stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $214.10, for a total transaction of $220,308.90. Following the completion of the sale, the director now directly owns 1,029 shares in the company, valued at $220,308.90. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Dawn E. Hudson sold 15,000 shares of NVIDIA stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $213.44, for a total transaction of $3,201,600.00. Following the sale, the director now owns 46,868 shares of the company’s stock, valued at $10,003,505.92. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,858 shares of company stock valued at $4,227,384. Company insiders own 5.17% of the company’s stock.

NVDA has been the subject of a number of recent research reports. Oppenheimer reiterated a “hold” rating on shares of NVIDIA in a research report on Sunday, November 5th. Susquehanna Bancshares increased their target price on shares of NVIDIA from $140.00 to $155.00 and gave the company a “neutral” rating in a research report on Thursday, September 14th. B. Riley reiterated a “buy” rating and issued a $270.00 target price on shares of NVIDIA in a research report on Monday. Jefferies Group increased their target price on shares of NVIDIA from $230.00 to $240.00 and gave the company a “buy” rating in a research report on Friday, November 10th. Finally, Barclays increased their target price on shares of NVIDIA from $200.00 to $225.00 and gave the company an “equal weight” rating in a research report on Friday, November 10th. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-three have given a buy rating and two have given a strong buy rating to the company’s stock. NVIDIA currently has a consensus rating of “Buy” and an average price target of $192.04.

Shares of NVIDIA Corporation (NASDAQ NVDA) traded up $0.20 on Thursday, hitting $223.89. 7,270,679 shares of the company’s stock were exchanged, compared to its average volume of 15,693,686. NVIDIA Corporation has a 1-year low of $95.17 and a 1-year high of $225.00. The firm has a market capitalization of $135,830.00, a PE ratio of 55.97, a PEG ratio of 5.02 and a beta of 1.18. The company has a current ratio of 8.26, a quick ratio of 7.42 and a debt-to-equity ratio of 0.31.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings results on Thursday, November 9th. The computer hardware maker reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.39. NVIDIA had a net margin of 28.78% and a return on equity of 42.71%. The business had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.36 billion. During the same period last year, the business earned $0.94 earnings per share. The business’s revenue for the quarter was up 31.5% on a year-over-year basis. equities analysts forecast that NVIDIA Corporation will post 4.19 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, November 24th were given a dividend of $0.15 per share. The ex-dividend date was Wednesday, November 22nd. This is a boost from NVIDIA’s previous quarterly dividend of $0.14. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.27%. NVIDIA’s dividend payout ratio (DPR) is currently 15.00%.

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NVIDIA Company Profile

Nvidia Corporation focuses on personal computer (PC) graphics, graphics processing unit (GPU) and also on artificial intelligence (AI). The Company’s operates through two segments: GPU and Tegra Processor. The Company’s GPU product brands are aimed at specialized markets, including GeForce for gamers; Quadro for designers; Tesla and DGX for AI data scientists and big data researchers; and GRID for cloud-based visual computing users.

Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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