St. Louis Trust Co Has $4.54 Million Stock Position in NVIDIA Corporation $NVDA

St. Louis Trust Co lifted its holdings in shares of NVIDIA Corporation (NASDAQ:NVDAFree Report) by 508.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 24,352 shares of the computer hardware maker’s stock after acquiring an additional 20,350 shares during the period. NVIDIA comprises about 0.5% of St. Louis Trust Co’s holdings, making the stock its 28th biggest position. St. Louis Trust Co’s holdings in NVIDIA were worth $4,542,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. Buckhead Capital Management LLC raised its holdings in shares of NVIDIA by 68.7% during the 4th quarter. Buckhead Capital Management LLC now owns 5,479 shares of the computer hardware maker’s stock worth $1,022,000 after buying an additional 2,231 shares in the last quarter. Schwarz Dygos Wheeler Investment Advisors LLC raised its holdings in shares of NVIDIA by 10.7% during the 4th quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 18,021 shares of the computer hardware maker’s stock worth $3,361,000 after buying an additional 1,740 shares in the last quarter. White Lighthouse Investment Management Inc. raised its holdings in shares of NVIDIA by 15.0% during the 4th quarter. White Lighthouse Investment Management Inc. now owns 4,812 shares of the computer hardware maker’s stock worth $897,000 after buying an additional 629 shares in the last quarter. MQS Management LLC acquired a new position in shares of NVIDIA during the 4th quarter worth $805,000. Finally, Planning Alternatives Ltd. ADV raised its holdings in shares of NVIDIA by 11.0% during the 4th quarter. Planning Alternatives Ltd. ADV now owns 19,905 shares of the computer hardware maker’s stock worth $3,712,000 after buying an additional 1,970 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

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Insider Buying and Selling

In other news, CFO Colette Kress sold 20,000 shares of the stock in a transaction dated Friday, March 20th. The stock was sold at an average price of $174.89, for a total value of $3,497,800.00. Following the completion of the sale, the chief financial officer owned 83,060 shares of the company’s stock, valued at approximately $14,526,363.40. This represents a 19.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Aarti S. Shah sold 19,000 shares of the stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $176.71, for a total value of $3,357,490.00. Following the completion of the sale, the director directly owned 36,007 shares of the company’s stock, valued at approximately $6,362,796.97. The trade was a 34.54% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 1,922,461 shares of company stock valued at $387,385,083. Corporate insiders own 3.94% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on NVDA shares. Royal Bank Of Canada set a $280.00 target price on NVIDIA in a report on Thursday, May 21st. Susquehanna reaffirmed a “positive” rating and issued a $275.00 target price (up from $250.00) on shares of NVIDIA in a report on Tuesday, May 12th. BNP Paribas Exane upped their target price on NVIDIA from $270.00 to $285.00 and gave the stock an “outperform” rating in a report on Thursday, May 21st. Citic Securities upped their target price on NVIDIA from $242.00 to $315.00 and gave the stock a “buy” rating in a report on Friday, May 22nd. Finally, China Renaissance started coverage on NVIDIA in a report on Friday. They issued a “buy” rating and a $319.00 target price for the company. Three analysts have rated the stock with a Strong Buy rating, forty-eight have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $305.67.

View Our Latest Report on NVDA

NVIDIA Trading Down 6.2%

Shares of NVDA stock opened at $205.10 on Friday. The stock has a market cap of $4.96 trillion, a price-to-earnings ratio of 31.41, a PEG ratio of 0.46 and a beta of 2.22. The stock has a 50-day moving average of $203.37 and a 200-day moving average of $190.55. The company has a current ratio of 3.44, a quick ratio of 2.85 and a debt-to-equity ratio of 0.04. NVIDIA Corporation has a 1-year low of $140.85 and a 1-year high of $236.54.

NVIDIA (NASDAQ:NVDAGet Free Report) last issued its quarterly earnings results on Wednesday, May 20th. The computer hardware maker reported $1.87 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.11. The company had revenue of $81.62 billion during the quarter, compared to analysts’ expectations of $78.42 billion. NVIDIA had a return on equity of 96.94% and a net margin of 62.97%.The business’s quarterly revenue was up 85.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.81 earnings per share. On average, equities research analysts forecast that NVIDIA Corporation will post 8.61 earnings per share for the current year.

NVIDIA announced that its Board of Directors has approved a stock repurchase plan on Wednesday, May 20th that allows the company to buyback $80.00 billion in outstanding shares. This buyback authorization allows the computer hardware maker to reacquire up to 1.5% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.

NVIDIA Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Thursday, June 4th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Thursday, June 4th. This is a positive change from NVIDIA’s previous quarterly dividend of $0.01. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. NVIDIA’s payout ratio is currently 15.31%.

NVIDIA Company Profile

(Free Report)

NVIDIA Corporation, founded in 1993 and headquartered in Santa Clara, California, is a global technology company that designs and develops graphics processing units (GPUs) and system-on-chip (SoC) technologies. Co-founded by Jensen Huang, who serves as president and chief executive officer, along with Chris Malachowsky and Curtis Priem, NVIDIA has grown from a graphics-focused chipmaker into a broad provider of accelerated computing hardware and software for multiple industries.

The company’s product portfolio spans discrete GPUs for gaming and professional visualization (marketed under the GeForce and NVIDIA RTX lines), high-performance data center accelerators used for AI training and inference (including widely adopted platforms such as the A100 and H100 series), and Tegra SoCs for automotive and edge applications.

See Also

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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