Community Bank & Trust Waco Texas Acquires New Position in NVIDIA Co. (NVDA)

Community Bank & Trust Waco Texas acquired a new stake in NVIDIA Co. (NASDAQ:NVDA) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,216 shares of the computer hardware maker’s stock, valued at approximately $218,000.

Several other institutional investors have also recently added to or reduced their stakes in NVDA. TD Capital Management LLC bought a new stake in NVIDIA in the fourth quarter valued at approximately $27,000. Capital Financial Planning LLC bought a new stake in NVIDIA in the fourth quarter valued at approximately $28,000. Clarfeld Financial Advisors LLC bought a new stake in NVIDIA in the fourth quarter valued at approximately $29,000. Trust Department MB Financial Bank N A bought a new stake in NVIDIA in the fourth quarter valued at approximately $31,000. Finally, Truvestments Capital LLC bought a new stake in NVIDIA in the first quarter valued at approximately $33,000. 69.81% of the stock is owned by institutional investors.

NVDA has been the topic of several analyst reports. Zacks Investment Research upgraded NVIDIA from a “strong sell” rating to a “hold” rating in a report on Monday, April 1st. TheStreet upgraded NVIDIA from a “c+” rating to a “b-” rating in a report on Thursday, April 4th. BidaskClub upgraded NVIDIA from a “hold” rating to a “buy” rating in a report on Friday, March 22nd. Cowen restated an “outperform” rating and set a $195.00 price target (down from $215.00) on shares of NVIDIA in a report on Friday, February 15th. Finally, Mizuho restated a “buy” rating and set a $195.00 price target on shares of NVIDIA in a report on Wednesday, March 13th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and twenty-six have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $204.46.

In related news, CFO Colette Kress sold 14,092 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $183.33, for a total value of $2,583,486.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Debora Shoquist sold 5,823 shares of the stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $185.00, for a total value of $1,077,255.00. Following the completion of the sale, the executive vice president now directly owns 171,783 shares of the company’s stock, valued at $31,779,855. The disclosure for this sale can be found here. Over the last quarter, insiders sold 20,029 shares of company stock worth $3,678,385. 4.70% of the stock is owned by company insiders.

Shares of NVDA opened at $186.30 on Friday. NVIDIA Co. has a 12-month low of $124.46 and a 12-month high of $292.76. The company has a current ratio of 7.94, a quick ratio of 6.76 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $113.36 billion, a P/E ratio of 30.69, a PEG ratio of 4.46 and a beta of 1.90.

NVIDIA (NASDAQ:NVDA) last issued its earnings results on Thursday, February 14th. The computer hardware maker reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.27. NVIDIA had a return on equity of 41.78% and a net margin of 35.35%. The company had revenue of $2.21 billion for the quarter, compared to analysts’ expectations of $2.22 billion. During the same period last year, the business earned $1.72 EPS. NVIDIA’s quarterly revenue was down 24.3% compared to the same quarter last year. As a group, sell-side analysts forecast that NVIDIA Co. will post 4.46 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 1st were issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.34%. The ex-dividend date was Thursday, February 28th. NVIDIA’s dividend payout ratio is currently 10.54%.

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About NVIDIA

NVIDIA Corporation operates as a visual computing company worldwide. It operates in two segments, GPU and Tegra Processor. The GPU segment offers processors, which include GeForce for PC gaming and mainstream PCs; GeForce NOW for cloud-based game-streaming service; Quadro for design professionals working in computer-aided design, video editing, special effects, and other creative applications; Tesla for artificial intelligence (AI) utilizing deep learning, accelerated computing, and general purpose computing; GRID, which provides power of NVIDIA graphics through the cloud and datacenters; DGX for AI scientists, researchers, and developers; and cryptocurrency-specific graphics processing units.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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