NVIDIA Co. (NASDAQ:NVDA) Stock Position Trimmed by Cambridge Trust Co.

Cambridge Trust Co. cut its position in NVIDIA Co. (NASDAQ:NVDA – Get Rating) by 48.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,587 shares of the computer hardware maker’s stock after selling 8,989 shares during the quarter. Cambridge Trust Co.’s holdings in NVIDIA were worth $1,401,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. GoalVest Advisory LLC raised its position in shares of NVIDIA by 124.1% during the 4th quarter. GoalVest Advisory LLC now owns 195 shares of the computer hardware maker’s stock worth $28,000 after buying an additional 108 shares in the last quarter. Horizons Wealth Management bought a new stake in shares of NVIDIA during the 2nd quarter worth about $41,000. Riggs Asset Managment Co. Inc. raised its position in shares of NVIDIA by 271.2% during the 3rd quarter. Riggs Asset Managment Co. Inc. now owns 245 shares of the computer hardware maker’s stock worth $30,000 after buying an additional 179 shares in the last quarter. FSC Wealth Advisors LLC raised its position in shares of NVIDIA by 313.6% during the 3rd quarter. FSC Wealth Advisors LLC now owns 273 shares of the computer hardware maker’s stock worth $33,000 after buying an additional 207 shares in the last quarter. Finally, Pin Oak Investment Advisors Inc. raised its position in shares of NVIDIA by 100.0% during the 2nd quarter. Pin Oak Investment Advisors Inc. now owns 280 shares of the computer hardware maker’s stock worth $42,000 after buying an additional 140 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on NVDA. DZ Bank downgraded shares of NVIDIA from a “buy” rating to a “sell” rating and set a $195.00 price target on the stock. in a research report on Thursday, February 16th. Bank of America lifted their price objective on shares of NVIDIA from $255.00 to $275.00 and gave the stock a “buy” rating in a research note on Thursday, February 23rd. Tigress Financial lowered their price objective on shares of NVIDIA from $310.00 to $250.00 and set a “buy” rating on the stock in a research note on Thursday, December 8th. Citigroup lifted their price objective on shares of NVIDIA from $245.00 to $305.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Susquehanna reaffirmed a “positive” rating and issued a $265.00 price objective on shares of NVIDIA in a research note on Thursday, March 9th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, NVIDIA has a consensus rating of “Moderate Buy” and an average target price of $245.32.

NVIDIA Price Performance

Shares of NVIDIA stock opened at $257.25 on Friday. The firm has a fifty day simple moving average of $210.84 and a 200-day simple moving average of $166.91. The company has a current ratio of 3.52, a quick ratio of 2.73 and a debt-to-equity ratio of 0.44. NVIDIA Co. has a 1-year low of $108.13 and a 1-year high of $289.46. The stock has a market capitalization of $635.41 billion, a price-to-earnings ratio of 147.84, a PEG ratio of 4.27 and a beta of 1.76.

NVIDIA (NASDAQ:NVDA – Get Rating) last issued its quarterly earnings data on Wednesday, February 22nd. The computer hardware maker reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.07. NVIDIA had a net margin of 16.19% and a return on equity of 26.61%. The business had revenue of $6.05 billion during the quarter, compared to analysts’ expectations of $6.02 billion. During the same period in the previous year, the company earned $1.14 earnings per share. NVIDIA’s revenue for the quarter was down 20.8% on a year-over-year basis. On average, sell-side analysts expect that NVIDIA Co. will post 3.21 earnings per share for the current year.

NVIDIA Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 29th. Investors of record on Wednesday, March 8th will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.06%. The ex-dividend date is Tuesday, March 7th. NVIDIA’s dividend payout ratio (DPR) is currently 9.20%.

Insider Buying and Selling

In related news, Director Mark A. Stevens sold 120,000 shares of the business’s stock in a transaction on Monday, January 9th. The shares were sold at an average price of $158.84, for a total transaction of $19,060,800.00. Following the transaction, the director now owns 1,325,888 shares of the company’s stock, valued at $210,604,049.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other NVIDIA news, CFO Colette Kress sold 6,000 shares of the business’s stock in a transaction on Monday, March 13th. The shares were sold at an average price of $229.29, for a total value of $1,375,740.00. Following the sale, the chief financial officer now owns 561,401 shares of the company’s stock, valued at approximately $128,723,635.29. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Mark A. Stevens sold 120,000 shares of the business’s stock in a transaction on Monday, January 9th. The shares were sold at an average price of $158.84, for a total transaction of $19,060,800.00. Following the completion of the sale, the director now directly owns 1,325,888 shares in the company, valued at approximately $210,604,049.92. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 293,066 shares of company stock valued at $51,229,679. 4.04% of the stock is owned by company insiders.

NVIDIA Company Profile

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NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the following segments: Graphics Processing Unit (GPU), Tegra Processor, and All Other. The GPU segment consists of product brands, including GeForce for gamers, Quadro for designers, Tesla and DGX for AI data scientists and big data researchers, and GRID for cloud-based visual computing users.