Bell Bank Has $27.64 Million Position in NVIDIA Co. (NASDAQ:NVDA)

Bell Bank reduced its stake in NVIDIA Co. (NASDAQ:NVDA) by 1.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 205,806 shares of the computer hardware maker’s stock after selling 2,459 shares during the quarter. NVIDIA accounts for 2.1% of Bell Bank’s portfolio, making the stock its 8th largest position. Bell Bank’s holdings in NVIDIA were worth $27,638,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Dividend Assets Capital LLC boosted its stake in shares of NVIDIA by 5.8% during the 4th quarter. Dividend Assets Capital LLC now owns 8,078 shares of the computer hardware maker’s stock worth $1,085,000 after buying an additional 442 shares during the last quarter. PMG Wealth Management Inc. bought a new stake in NVIDIA during the fourth quarter worth about $510,000. Greystone Financial Group LLC grew its stake in NVIDIA by 2.3% in the fourth quarter. Greystone Financial Group LLC now owns 33,305 shares of the computer hardware maker’s stock valued at $4,473,000 after purchasing an additional 742 shares in the last quarter. Peregrine Asset Advisers Inc. increased its position in shares of NVIDIA by 13.3% during the 4th quarter. Peregrine Asset Advisers Inc. now owns 95,773 shares of the computer hardware maker’s stock worth $12,861,000 after purchasing an additional 11,217 shares during the last quarter. Finally, Lloyd Advisory Services LLC. raised its stake in shares of NVIDIA by 2.3% during the 4th quarter. Lloyd Advisory Services LLC. now owns 13,777 shares of the computer hardware maker’s stock worth $1,850,000 after purchasing an additional 316 shares in the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NVDA has been the subject of a number of research analyst reports. HSBC reduced their price target on NVIDIA from $195.00 to $185.00 and set a “buy” rating for the company in a report on Monday, January 13th. Barclays raised their target price on shares of NVIDIA from $160.00 to $175.00 and gave the stock an “overweight” rating in a research note on Friday, January 17th. KeyCorp set a $190.00 price target on shares of NVIDIA in a report on Wednesday, March 19th. Bank of America restated a “buy” rating and issued a $200.00 price target on shares of NVIDIA in a research note on Wednesday, March 19th. Finally, Benchmark reissued a “buy” rating and set a $190.00 target price on shares of NVIDIA in a report on Wednesday, March 19th. Four investment analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $171.51.

Insider Buying and Selling at NVIDIA

In other news, Director John Dabiri sold 2,663 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $110.00, for a total value of $292,930.00. Following the transaction, the director now owns 17,279 shares in the company, valued at $1,900,690. This represents a 13.35 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Ajay K. Puri sold 36,462 shares of the company’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $151.10, for a total value of $5,509,408.20. Following the completion of the sale, the executive vice president now owns 3,902,888 shares of the company’s stock, valued at $589,726,376.80. This trade represents a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 183,609 shares of company stock worth $22,642,615. Insiders own 4.23% of the company’s stock.

NVIDIA Stock Performance

Shares of NVDA opened at $111.43 on Friday. NVIDIA Co. has a one year low of $75.61 and a one year high of $153.13. The company has a 50-day simple moving average of $125.57 and a two-hundred day simple moving average of $131.32. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. The firm has a market capitalization of $2.72 trillion, a PE ratio of 43.85, a price-to-earnings-growth ratio of 1.76 and a beta of 1.77.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share 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 company had revenue of $39.33 billion for the quarter, compared to analysts’ expectations of $38.16 billion. On average, analysts anticipate that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be given a $0.01 dividend. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $0.04 annualized dividend and a yield of 0.04%. NVIDIA’s dividend payout ratio (DPR) is presently 1.36%.

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.