NVIDIA Co. (NASDAQ:NVDA) Shares Sold by Massmutual Trust Co. FSB ADV

Massmutual Trust Co. FSB ADV reduced its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 11.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 25,144 shares of the computer hardware maker’s stock after selling 3,245 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in NVIDIA were worth $3,357,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Oregon Public Employees Retirement Fund boosted its holdings in NVIDIA by 8,687.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 21,509,787 shares of the computer hardware maker’s stock worth $161,000 after purchasing an additional 21,265,009 shares in the last quarter. Parnassus Investments CA bought a new stake in NVIDIA in the fourth quarter worth $394,670,000. Vanguard Group Inc boosted its holdings in NVIDIA by 4.0% in the third quarter. Vanguard Group Inc now owns 44,464,641 shares of the computer hardware maker’s stock worth $12,495,455,000 after purchasing an additional 1,693,736 shares in the last quarter. Vanguard Group Inc. boosted its holdings in NVIDIA by 4.0% during the third quarter. Vanguard Group Inc. now owns 44,464,641 shares of the computer hardware maker’s stock valued at $12,495,455,000 after acquiring an additional 1,693,736 shares during the period. Finally, Swedbank boosted its holdings in NVIDIA by 50.4% during the fourth quarter. Swedbank now owns 2,547,600 shares of the computer hardware maker’s stock valued at $340,487,000 after acquiring an additional 854,050 shares during the period. 69.81% of the stock is currently owned by institutional investors.

In other news, CFO Colette Kress sold 14,092 shares of the stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $183.33, for a total transaction of $2,583,486.36. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Debora Shoquist sold 5,823 shares of the firm’s stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $185.00, for a total transaction of $1,077,255.00. Following the completion of the transaction, the executive vice president now directly owns 171,783 shares in the company, valued at $31,779,855. The disclosure for this sale can be found here. Insiders have sold 20,029 shares of company stock worth $3,678,385 over the last three months. 4.64% of the stock is owned by insiders.

A number of equities research analysts have issued reports on NVDA shares. SunTrust Banks decreased their price target on shares of NVIDIA to $187.00 in a report on Tuesday, January 29th. TheStreet upgraded shares of NVIDIA from a “c+” rating to a “b-” rating in a report on Thursday, April 4th. Jefferies Financial Group decreased their price target on shares of NVIDIA to $185.00 and set a “buy” rating for the company in a report on Tuesday, January 29th. UBS Group upgraded shares of NVIDIA from a “neutral” rating to a “buy” rating and decreased their price target for the company from $190.00 to $180.00 in a report on Tuesday, January 29th. Finally, Benchmark reaffirmed a “buy” rating and set a $190.00 price objective (down previously from $240.00) on shares of NVIDIA in a research report on Monday, January 28th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and twenty-six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $204.46.

NVIDIA stock traded down $0.99 during trading hours on Friday, hitting $186.30. 9,524,704 shares of the stock were exchanged, compared to its average volume of 12,203,274. 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 stock has a market capitalization of $113.36 billion, a price-to-earnings ratio of 30.69, a P/E/G ratio of 4.50 and a beta of 1.90.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Thursday, February 14th. The computer hardware maker reported $0.80 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.27. NVIDIA had a net margin of 35.35% and a return on equity of 41.78%. The business had revenue of $2.21 billion for the quarter, compared to analysts’ expectations of $2.22 billion. During the same period in the prior year, the firm earned $1.72 earnings per share. NVIDIA’s revenue was down 24.3% compared to the same quarter last year. As a group, equities research analysts predict that NVIDIA Co. will post 4.46 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 1st were paid a dividend of $0.16 per share. The ex-dividend date of this dividend was Thursday, February 28th. This represents a $0.64 annualized dividend and a dividend yield of 0.34%. NVIDIA’s dividend payout ratio (DPR) is currently 10.54%.

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NVIDIA Company Profile

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.

Read More: Intrinsic Value and Stock Selection

Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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