NVIDIA Co. (NASDAQ:NVDA) Shares Purchased by Community Bank & Trust Waco Texas

Community Bank & Trust Waco Texas boosted its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 2.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 113,274 shares of the computer hardware maker’s stock after buying an additional 2,534 shares during the period. NVIDIA accounts for 3.1% of Community Bank & Trust Waco Texas’ investment portfolio, making the stock its 3rd largest position. Community Bank & Trust Waco Texas’ holdings in NVIDIA were worth $13,756,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in NVDA. Lantz Financial LLC raised its stake 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 during the period. Whitener Capital Management Inc. grew its stake in shares of NVIDIA by 920.4% in the 2nd quarter. Whitener Capital Management Inc. now owns 129,725 shares of the computer hardware maker’s stock valued at $16,026,000 after buying an additional 117,012 shares during the period. Trivant Custom Portfolio Group LLC increased its holdings in shares of NVIDIA by 891.4% during the 2nd quarter. Trivant Custom Portfolio Group LLC now owns 74,830 shares of the computer hardware maker’s stock worth $9,244,000 after buying an additional 67,282 shares during the last quarter. Bar Harbor Wealth Management raised its position in shares of NVIDIA by 937.5% during the 2nd 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 during the period. Finally, Shulman DeMeo Asset Management LLC lifted its holdings in NVIDIA by 1,013.3% in the second quarter. Shulman DeMeo Asset Management LLC now owns 7,949 shares of the computer hardware maker’s stock valued at $982,000 after acquiring an additional 7,235 shares during the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on NVDA shares. Phillip Securities reissued an “accumulate” rating and set a $160.00 target price (up previously from $155.00) on shares of NVIDIA in a research note on Friday, November 22nd. Robert W. Baird raised their price objective on NVIDIA from $150.00 to $190.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Bank of America restated a “buy” rating and issued a $190.00 price objective on shares of NVIDIA in a report on Thursday, November 21st. Barclays increased their target price on shares of NVIDIA from $145.00 to $160.00 and gave the stock an “overweight” rating in a research note on Thursday, November 21st. Finally, TD Cowen boosted their price target on shares of NVIDIA from $165.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Four equities research analysts have rated the stock with a hold rating, thirty-nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $164.15.

NVIDIA Price Performance

Shares of NASDAQ:NVDA 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 firm has a market capitalization of $3.36 trillion, a P/E ratio of 53.92, a P/E/G ratio of 2.43 and a beta of 1.63. The company’s fifty day moving average price is $139.97 and its 200 day moving average price is $127.97.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.12. The business had revenue of $35.08 billion for the quarter, compared to analysts’ expectations of $33.15 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The business’s revenue was up 93.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.38 earnings per share. As a group, sell-side analysts predict that NVIDIA Co. will post 2.78 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Thursday, December 5th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. NVIDIA’s dividend payout ratio (DPR) is presently 1.57%.

Insider Activity

In other NVIDIA news, Director Mark A. Stevens sold 125,000 shares of NVIDIA stock in a transaction on Thursday, October 3rd. The shares were sold at an average price of $122.61, for a total value of $15,326,250.00. Following the transaction, the director now directly owns 8,255,117 shares in the company, valued at approximately $1,012,159,895.37. The trade was a 1.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Tench Coxe sold 1,000,000 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $131.26, for a total transaction of $131,260,000.00. Following the sale, the director now owns 28,671,360 shares of the company’s stock, valued at $3,763,402,713.60. This trade represents a 3.37 % 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 in the last ninety days. 4.23% of the stock is currently owned by company insiders.

NVIDIA Company 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.