NVIDIA Co. (NVDA) Holdings Reduced by Equitable Trust Co.

Equitable Trust Co. trimmed its holdings in NVIDIA Co. (NASDAQ:NVDA) by 88.4% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 1,707 shares of the computer hardware maker’s stock after selling 13,028 shares during the period. Equitable Trust Co.’s holdings in NVIDIA were worth $228,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. TD Capital Management LLC purchased a new position in NVIDIA in the fourth quarter worth approximately $27,000. Capital Financial Planning LLC acquired a new position in NVIDIA during the fourth quarter worth $28,000. Clarfeld Financial Advisors LLC acquired a new stake in shares of NVIDIA in the fourth quarter valued at $29,000. Trust Department MB Financial Bank N A acquired a new stake in shares of NVIDIA in the fourth quarter valued at $31,000. Finally, Nalls Sherbakoff Group LLC acquired a new stake in shares of NVIDIA in the fourth quarter valued at $39,000. Institutional investors own 69.81% of the company’s stock.

In other news, CFO Colette Kress sold 14,092 shares of NVIDIA 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Debora Shoquist sold 5,823 shares of NVIDIA 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 sale, the executive vice president now 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 have sold 20,029 shares of company stock valued at $3,678,385. Insiders own 4.64% of the company’s stock.

NASDAQ:NVDA traded down $0.99 during mid-day trading on Friday, reaching $186.30. The stock had a trading volume of 9,524,704 shares, compared to its average volume of 12,203,274. The company has a quick ratio of 6.76, a current ratio of 7.94 and a debt-to-equity ratio of 0.21. The company has a market cap of $113.36 billion, a P/E ratio of 30.69, a PEG ratio of 4.50 and a beta of 1.90. NVIDIA Co. has a twelve month low of $124.46 and a twelve month high of $292.76.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Thursday, February 14th. The computer hardware maker reported $0.80 EPS for the quarter, beating the Zacks’ 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 firm had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.22 billion. During the same quarter last year, the firm earned $1.72 earnings per share. The firm’s revenue was down 24.3% compared to the same quarter last year. Analysts expect 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 given a dividend of $0.16 per share. The ex-dividend date of this dividend was Thursday, February 28th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.34%. NVIDIA’s payout ratio is 10.54%.

NVDA has been the topic of several analyst reports. SunTrust Banks reduced their price objective on NVIDIA to $187.00 in a research note on Tuesday, January 29th. TheStreet upgraded NVIDIA from a “c+” rating to a “b-” rating in a research note on Thursday, April 4th. Jefferies Financial Group reduced their price objective on NVIDIA to $185.00 and set a “buy” rating on the stock in a research note on Tuesday, January 29th. UBS Group upgraded NVIDIA from a “neutral” rating to a “buy” rating and reduced their price objective for the company from $190.00 to $180.00 in a research note on Tuesday, January 29th. Finally, Benchmark reissued a “buy” rating and issued a $190.00 target price (down previously from $240.00) on shares of NVIDIA in a report on Monday, January 28th. Three 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 stock. NVIDIA has an average rating of “Buy” and a consensus target price of $204.46.

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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.

Further Reading: Balance Sheet

Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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