NVIDIA Co. (NASDAQ:NVDA) Stock Position Lowered by Alerus Financial NA

Alerus Financial NA decreased its position in NVIDIA Co. (NASDAQ:NVDA) by 8.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 352,392 shares of the computer hardware maker’s stock after selling 31,257 shares during the period. NVIDIA accounts for about 3.6% of Alerus Financial NA’s investment portfolio, making the stock its 7th biggest position. Alerus Financial NA’s holdings in NVIDIA were worth $47,323,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. DiNuzzo Private Wealth Inc. increased its holdings in shares of NVIDIA by 0.8% in the fourth quarter. DiNuzzo Private Wealth Inc. now owns 8,612 shares of the computer hardware maker’s stock valued at $1,157,000 after purchasing an additional 71 shares during the period. Palisade Asset Management LLC increased its holdings in NVIDIA by 0.5% in the 3rd quarter. Palisade Asset Management LLC now owns 15,363 shares of the computer hardware maker’s stock worth $1,866,000 after buying an additional 75 shares during the period. Baker Boyer National Bank raised its position in NVIDIA by 3.3% during the 4th quarter. Baker Boyer National Bank now owns 2,403 shares of the computer hardware maker’s stock worth $323,000 after buying an additional 76 shares during the last quarter. Kwmg LLC lifted its stake in NVIDIA by 0.6% during the 4th quarter. Kwmg LLC now owns 13,067 shares of the computer hardware maker’s stock valued at $1,755,000 after acquiring an additional 77 shares during the period. Finally, SC&H Financial Advisors Inc. boosted its holdings in shares of NVIDIA by 1.6% in the 4th quarter. SC&H Financial Advisors Inc. now owns 5,074 shares of the computer hardware maker’s stock valued at $681,000 after acquiring an additional 80 shares during the last quarter. Institutional investors own 65.27% of the company’s stock.

Insider Buying and Selling

In other NVIDIA news, Director John Dabiri sold 2,663 shares of the business’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $110.00, for a total transaction of $292,930.00. Following the sale, the director now directly owns 17,279 shares of the company’s stock, valued at $1,900,690. The trade was a 13.35 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Robert K. Burgess sold 53,324 shares of NVIDIA stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $115.49, for a total value of $6,158,388.76. Following the completion of the sale, the director now directly owns 251,044 shares in the company, valued at approximately $28,993,071.56. This represents a 17.52 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 147,147 shares of company stock worth $17,133,207. 4.23% of the stock is owned by insiders.

NVIDIA Stock Down 0.1 %

NVIDIA stock opened at $108.92 on Thursday. NVIDIA Co. has a twelve month low of $81.25 and a twelve month high of $195.95. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. The company has a 50 day moving average of $111.47 and a 200-day moving average of $128.49. The stock has a market capitalization of $2.66 trillion, a PE ratio of 42.87, a price-to-earnings-growth ratio of 1.76 and a beta of 1.96.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.05. The firm had revenue of $39.33 billion for the quarter, compared to the consensus estimate of $38.16 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. On average, equities research analysts anticipate that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.04%. The ex-dividend date of this dividend was Wednesday, March 12th. NVIDIA’s dividend payout ratio is presently 1.36%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on NVDA shares. Benchmark restated a “buy” rating and set a $190.00 target price on shares of NVIDIA in a research report on Wednesday, March 19th. KeyCorp set a $190.00 target price on NVIDIA in a research note on Wednesday, March 19th. Wedbush reiterated an “outperform” rating and set a $175.00 price target on shares of NVIDIA in a research report on Wednesday, April 16th. Susquehanna restated a “positive” rating and issued a $180.00 price objective on shares of NVIDIA in a research report on Wednesday, March 19th. Finally, DZ Bank raised shares of NVIDIA from a “hold” rating to a “strong-buy” rating in a report on Friday, February 28th. Six analysts have rated the stock with a hold rating, thirty-six have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $164.96.

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.