NVIDIA Co. (NASDAQ:NVDA) is Bell Bank’s 8th Largest Position

Bell Bank reduced its stake in NVIDIA Co. (NASDAQ:NVDA) by 4.3% during the 3rd quarter, HoldingsChannel reports. The firm owned 208,265 shares of the computer hardware maker’s stock after selling 9,308 shares during the period. NVIDIA accounts for 3.0% of Bell Bank’s portfolio, making the stock its 8th biggest position. Bell Bank’s holdings in NVIDIA were worth $25,292,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Lantz Financial LLC raised its holdings in NVIDIA by 833.1% during the second quarter. Lantz Financial LLC now owns 41,188 shares of the computer hardware maker’s stock worth $5,088,000 after purchasing an additional 36,774 shares in the last quarter. Whitener Capital Management Inc. raised its stake in shares of NVIDIA by 920.4% during the 2nd quarter. Whitener Capital Management Inc. now owns 129,725 shares of the computer hardware maker’s stock worth $16,026,000 after buying an additional 117,012 shares in the last quarter. Trivant Custom Portfolio Group LLC lifted its holdings in shares of NVIDIA by 891.4% in the 2nd quarter. Trivant Custom Portfolio Group LLC now owns 74,830 shares of the computer hardware maker’s stock valued at $9,244,000 after buying an additional 67,282 shares during the period. Bar Harbor Wealth Management boosted its stake in shares of NVIDIA by 937.5% in the second quarter. Bar Harbor Wealth Management now owns 58,720 shares of the computer hardware maker’s stock valued at $7,254,000 after buying an additional 53,060 shares in the last quarter. Finally, Shulman DeMeo Asset Management LLC grew its holdings in NVIDIA by 1,013.3% during the second quarter. Shulman DeMeo Asset Management LLC now owns 7,949 shares of the computer hardware maker’s stock worth $982,000 after acquiring an additional 7,235 shares during the period. Institutional investors and hedge funds own 65.27% of the company’s stock.

Insider Buying and Selling at NVIDIA

In related news, Director Mark A. Stevens sold 125,000 shares of the firm’s stock in a transaction on Thursday, October 3rd. The shares were sold at an average price of $122.61, for a total transaction of $15,326,250.00. Following the completion of the sale, the director now directly owns 8,255,117 shares of the company’s stock, valued at approximately $1,012,159,895.37. This trade represents a 1.49 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the business’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $135.28, for a total transaction of $608,760.00. Following the completion of the transaction, the insider now owns 480,899 shares in the company, valued at $65,056,016.72. This represents a 0.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,351,886 shares of company stock valued at $176,825,650 over the last three months. 4.23% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Raymond James boosted their target price on shares of NVIDIA from $140.00 to $170.00 and gave the stock a “strong-buy” rating in a research report on Thursday, November 14th. HSBC boosted their price objective on shares of NVIDIA from $145.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Susquehanna lifted their price target on shares of NVIDIA from $160.00 to $180.00 and gave the company a “positive” rating in a research report on Thursday, November 14th. Rosenblatt Securities restated a “buy” rating and issued a $200.00 price target on shares of NVIDIA in a report on Monday, November 18th. Finally, Melius Research lifted their price objective on NVIDIA from $165.00 to $185.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Four equities research analysts have rated the stock with a hold rating, thirty-nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $164.15.

NVIDIA Stock Performance

NVIDIA stock opened at $137.01 on Monday. 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 Co. has a 12 month low of $47.32 and a 12 month high of $152.89. The company has a market cap of $3.36 trillion, a price-to-earnings ratio of 53.92, a price-to-earnings-growth ratio of 2.43 and a beta of 1.63. The stock’s 50-day moving average is $139.97 and its 200-day moving average is $127.97.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 EPS for the quarter, beating the consensus estimate of $0.69 by $0.12. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The firm had revenue of $35.08 billion for the quarter, compared to analyst estimates of $33.15 billion. During the same quarter last year, the firm posted $0.38 earnings per share. NVIDIA’s revenue for the quarter was up 93.6% compared to the same quarter last year. Equities analysts anticipate that NVIDIA Co. will post 2.78 earnings per share for the current year.

NVIDIA Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Thursday, December 5th were issued a $0.01 dividend. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.04 annualized dividend and a yield of 0.03%. NVIDIA’s dividend payout ratio is currently 1.57%.

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.