Arlington Trust Co LLC Acquires 5,177 Shares of NVIDIA Co. (NASDAQ:NVDA)

Arlington Trust Co LLC lifted its position in NVIDIA Co. (NASDAQ:NVDA) by 347.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,669 shares of the computer hardware maker’s stock after buying an additional 5,177 shares during the quarter. NVIDIA makes up approximately 0.9% of Arlington Trust Co LLC’s portfolio, making the stock its 15th biggest holding. Arlington Trust Co LLC’s holdings in NVIDIA were worth $3,303,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in NVIDIA by 1.1% in the third quarter. Vanguard Group Inc. now owns 203,680,199 shares of the computer hardware maker’s stock valued at $88,598,850,000 after purchasing an additional 2,287,471 shares in the last quarter. Geode Capital Management LLC raised its stake in NVIDIA by 0.6% in the first quarter. Geode Capital Management LLC now owns 46,056,013 shares of the computer hardware maker’s stock valued at $12,763,663,000 after purchasing an additional 267,061 shares in the last quarter. Morgan Stanley raised its stake in NVIDIA by 20.2% in the fourth quarter. Morgan Stanley now owns 27,533,756 shares of the computer hardware maker’s stock valued at $4,023,783,000 after purchasing an additional 4,621,002 shares in the last quarter. Norges Bank purchased a new stake in NVIDIA in the fourth quarter valued at approximately $3,900,874,000. Finally, Northern Trust Corp raised its stake in NVIDIA by 3.6% in the third quarter. Northern Trust Corp now owns 26,311,434 shares of the computer hardware maker’s stock valued at $11,445,211,000 after purchasing an additional 910,009 shares in the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at NVIDIA

In other news, Director Mark A. Stevens sold 22,700 shares of NVIDIA stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $879.97, for a total value of $19,975,319.00. Following the completion of the transaction, the director now owns 1,052,133 shares of the company’s stock, valued at approximately $925,845,476.01. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Director Mark A. Stevens sold 22,700 shares of NVIDIA stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $879.97, for a total value of $19,975,319.00. Following the completion of the transaction, the director now owns 1,052,133 shares of the company’s stock, valued at approximately $925,845,476.01. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Donald F. Robertson, Jr. sold 450 shares of NVIDIA stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $911.62, for a total value of $410,229.00. Following the completion of the transaction, the insider now directly owns 49,815 shares of the company’s stock, valued at approximately $45,412,350.30. The disclosure for this sale can be found here. Insiders sold a total of 61,278 shares of company stock valued at $52,689,898 in the last quarter. 3.99% of the stock is owned by insiders.

NVIDIA Stock Performance

Shares of NVIDIA stock opened at $881.86 on Friday. The company has a current ratio of 4.17, a quick ratio of 3.67 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $2.20 trillion, a P/E ratio of 73.86, a P/E/G ratio of 1.31 and a beta of 1.73. The business has a fifty day simple moving average of $830.93 and a two-hundred day simple moving average of $609.49. NVIDIA Co. has a 12 month low of $262.20 and a 12 month high of $974.00.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Wednesday, February 21st. The computer hardware maker reported $5.16 EPS for the quarter, beating the consensus estimate of $4.21 by $0.95. The business had revenue of $22.10 billion during the quarter, compared to analyst estimates of $20.40 billion. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The company’s revenue for the quarter was up 265.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.65 earnings per share. On average, equities analysts forecast that NVIDIA Co. will post 22.45 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 6th were given a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.02%. The ex-dividend date of this dividend was Tuesday, March 5th. NVIDIA’s dividend payout ratio is presently 1.34%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on NVDA. TD Cowen raised their target price on shares of NVIDIA from $900.00 to $1,100.00 and gave the company an “outperform” rating in a research note on Thursday, March 21st. CICC Research began coverage on shares of NVIDIA in a research report on Wednesday, March 6th. They set an “outperform” rating and a $870.00 price target on the stock. Raymond James increased their price target on shares of NVIDIA from $850.00 to $1,100.00 and gave the company a “strong-buy” rating in a research report on Thursday. Bank of America increased their price target on shares of NVIDIA from $925.00 to $1,100.00 and gave the company a “buy” rating in a research report on Wednesday, March 13th. Finally, Wells Fargo & Company increased their price target on shares of NVIDIA from $840.00 to $970.00 and gave the company an “overweight” rating in a research report on Tuesday, March 19th. Four research analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, NVIDIA currently has an average rating of “Moderate Buy” and a consensus target price of $926.30.

NVIDIA 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.