NVIDIA Co. (NASDAQ:NVDA) is Dakota Community Bank & Trust NA’s 9th Largest Position

Dakota Community Bank & Trust NA increased its holdings in NVIDIA Co. (NASDAQ:NVDA) by 18.7% in the 4th quarter, Holdings Channel reports. The fund owned 3,682 shares of the computer hardware maker’s stock after purchasing an additional 580 shares during the period. NVIDIA makes up about 2.3% of Dakota Community Bank & Trust NA’s portfolio, making the stock its 9th biggest position. Dakota Community Bank & Trust NA’s holdings in NVIDIA were worth $494,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ironwood Wealth Management LLC. grew its stake in shares of NVIDIA by 896.9% in the 2nd quarter. Ironwood Wealth Management LLC. now owns 6,330 shares of the computer hardware maker’s stock valued at $782,000 after buying an additional 5,695 shares in the last quarter. Financial Guidance Group Inc. lifted its stake in NVIDIA by 900.0% in the second quarter. Financial Guidance Group Inc. now owns 3,600 shares of the computer hardware maker’s stock valued at $445,000 after acquiring an additional 3,240 shares during the last quarter. University of Texas Texas AM Investment Management Co. bought a new stake in NVIDIA in the second quarter worth approximately $31,000. Lloyd Advisory Services LLC. increased its stake in shares of NVIDIA by 89.8% during the 2nd quarter. Lloyd Advisory Services LLC. now owns 12,064 shares of the computer hardware maker’s stock worth $1,490,000 after purchasing an additional 5,709 shares during the last quarter. Finally, Lake Street Advisors Group LLC raised its holdings in NVIDIA by 916.6% during the second quarter. Lake Street Advisors Group LLC now owns 320,017 shares of the computer hardware maker’s stock valued at $39,535,000 after buying an additional 288,538 shares in the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CFO Colette Kress sold 66,670 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $135.40, for a total transaction of $9,027,118.00. Following the completion of the sale, the chief financial officer now owns 3,351,572 shares in the company, valued at $453,802,848.80. This trade represents a 1.95 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the stock in a transaction on Friday, December 13th. The shares were sold at an average price of $135.28, for a total value of $608,760.00. Following the transaction, the insider now directly owns 480,899 shares of the company’s stock, valued at approximately $65,056,016.72. This trade represents a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,108,348 shares of company stock valued at $146,506,958. Insiders own 4.23% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on NVDA shares. Melius Research increased their price target on NVIDIA from $165.00 to $185.00 and gave the company a “buy” rating in a report on Monday, November 11th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of NVIDIA from $115.00 to $140.00 and gave the stock a “hold” rating in a report on Thursday, November 21st. Barclays lifted their price objective on NVIDIA from $160.00 to $175.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. HSBC decreased their price objective on NVIDIA from $195.00 to $185.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Finally, Benchmark reissued a “buy” rating and set a $190.00 price target on shares of NVIDIA in a report on Tuesday, January 7th. Four investment analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $166.23.

NVIDIA Stock Up 5.1 %

Shares of NASDAQ NVDA opened at $124.76 on Thursday. 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 1 year low of $66.25 and a 1 year high of $153.13. The stock has a market capitalization of $3.06 trillion, a P/E ratio of 49.10, a P/E/G ratio of 2.16 and a beta of 1.62. The company has a 50-day moving average price of $135.83 and a 200-day moving average price of $129.39.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.12. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The business had revenue of $35.08 billion during the quarter, compared to the consensus estimate of $33.15 billion. During the same quarter in the prior year, the company posted $0.38 earnings per share. NVIDIA’s revenue was up 93.6% compared to the same quarter last year. On average, equities research analysts forecast that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

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

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.