Riverview Trust Co Has $743,000 Holdings in NVIDIA Co. (NASDAQ:NVDA)

Riverview Trust Co increased its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 9.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,501 shares of the computer hardware maker’s stock after buying an additional 125 shares during the quarter. Riverview Trust Co’s holdings in NVIDIA were worth $743,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in NVDA. United Bank raised its stake in shares of NVIDIA by 28.9% in the 1st quarter. United Bank now owns 7,717 shares of the computer hardware maker’s stock valued at $2,106,000 after purchasing an additional 1,730 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of NVIDIA by 6.8% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,904,772 shares of the computer hardware maker’s stock valued at $1,065,457,000 after purchasing an additional 249,045 shares during the period. MAS Advisors LLC raised its stake in shares of NVIDIA by 42.1% in the 1st quarter. MAS Advisors LLC now owns 1,967 shares of the computer hardware maker’s stock valued at $545,000 after purchasing an additional 583 shares during the period. Navis Wealth Advisors LLC raised its stake in shares of NVIDIA by 205.3% in the 1st quarter. Navis Wealth Advisors LLC now owns 2,900 shares of the computer hardware maker’s stock valued at $791,000 after purchasing an additional 1,950 shares during the period. Finally, Ergoteles LLC bought a new position in shares of NVIDIA in the 1st quarter valued at about $929,000. Institutional investors and hedge funds own 65.27% of the company’s stock.

Insider Transactions at NVIDIA

In related news, Director Mark A. Stevens sold 10,000 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $797.57, for a total value of $7,975,700.00. Following the sale, the director now owns 1,124,583 shares of the company’s stock, valued at $896,933,663.31. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other NVIDIA news, insider Donald F. Robertson, Jr. sold 450 shares of the company’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $911.62, for a total transaction of $410,229.00. Following the sale, the insider now owns 49,815 shares of the company’s stock, valued at $45,412,350.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mark A. Stevens sold 10,000 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $797.57, for a total transaction of $7,975,700.00. Following the sale, the director now directly owns 1,124,583 shares in the company, valued at approximately $896,933,663.31. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 61,278 shares of company stock worth $52,689,898. Corporate insiders own 3.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on NVDA shares. Cantor Fitzgerald restated an “overweight” rating and issued a $900.00 price objective on shares of NVIDIA in a report on Monday, March 4th. JPMorgan Chase & Co. raised their price objective on NVIDIA from $650.00 to $850.00 and gave the company an “overweight” rating in a report on Thursday, February 22nd. CICC Research started coverage on NVIDIA in a report on Wednesday, March 6th. They issued an “outperform” rating and a $870.00 price objective for the company. Wolfe Research raised their price objective on NVIDIA from $630.00 to $900.00 and gave the company an “outperform” rating in a report on Thursday, February 22nd. Finally, Piper Sandler Companies lifted their price target on NVIDIA to $850.00 and gave the stock an “overweight” rating in a report on Friday, February 16th. Four investment analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $926.30.

NVIDIA Stock Down 2.7 %

Shares of NVDA opened at $881.86 on Friday. NVIDIA Co. has a one year low of $262.20 and a one year high of $974.00. The company has a market cap of $2.20 trillion, a P/E ratio of 73.86, a P/E/G ratio of 1.31 and a beta of 1.73. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.17 and a quick ratio of 3.67. The firm has a 50 day simple moving average of $830.93 and a two-hundred day simple moving average of $608.17.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Wednesday, February 21st. The computer hardware maker reported $5.16 EPS for the quarter, beating the consensus estimate of $4.21 by $0.95. The business had revenue of $22.10 billion during the quarter, compared to the consensus estimate of $20.40 billion. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The company’s revenue was up 265.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.65 earnings per share. Research analysts forecast that NVIDIA Co. will post 22.45 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 6th were issued a dividend of $0.04 per share. The ex-dividend date was Tuesday, March 5th. This represents a $0.16 annualized dividend and a dividend yield of 0.02%. NVIDIA’s dividend payout ratio (DPR) is presently 1.34%.

NVIDIA Profile

NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.