FARMERS & MERCHANTS TRUST Co OF LONG BEACH Has $10.25 Million Stock Position in NVIDIA Corporation $NVDA

FARMERS & MERCHANTS TRUST Co OF LONG BEACH boosted its holdings in NVIDIA Corporation (NASDAQ:NVDAFree Report) by 20.6% in the 3rd quarter, Holdings Channel.com reports. The firm owned 54,942 shares of the computer hardware maker’s stock after acquiring an additional 9,402 shares during the period. NVIDIA comprises 2.2% of FARMERS & MERCHANTS TRUST Co OF LONG BEACH’s holdings, making the stock its 11th biggest position. FARMERS & MERCHANTS TRUST Co OF LONG BEACH’s holdings in NVIDIA were worth $10,251,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently modified their holdings of the stock. Center for Financial Planning Inc. raised its stake in NVIDIA by 4.6% during the second quarter. Center for Financial Planning Inc. now owns 8,429 shares of the computer hardware maker’s stock worth $1,332,000 after acquiring an additional 367 shares in the last quarter. Svenska Handelsbanken AB publ bought a new position in shares of NVIDIA during the third quarter valued at $37,316,000. Atria Investments Inc raised its position in NVIDIA by 3.2% during the 2nd quarter. Atria Investments Inc now owns 942,208 shares of the computer hardware maker’s stock worth $148,859,000 after purchasing an additional 29,479 shares during the last quarter. MADDEN SECURITIES Corp raised its position in shares of NVIDIA by 3.2% during the second quarter. MADDEN SECURITIES Corp now owns 81,322 shares of the computer hardware maker’s stock worth $12,848,000 after acquiring an additional 2,484 shares during the last quarter. Finally, Whalen Wealth Management Inc. raised its holdings in NVIDIA by 20.3% during the 3rd quarter. Whalen Wealth Management Inc. now owns 36,490 shares of the computer hardware maker’s stock worth $6,808,000 after purchasing an additional 6,162 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors.

NVIDIA Stock Down 0.7%

Shares of NASDAQ NVDA opened at $191.13 on Friday. The business has a 50-day simple moving average of $184.09 and a two-hundred day simple moving average of $182.54. The company has a market cap of $4.64 trillion, a P/E ratio of 47.43, a P/E/G ratio of 0.94 and a beta of 2.31. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $212.19. The company has a quick ratio of 3.71, a current ratio of 4.47 and a debt-to-equity ratio of 0.06.

NVIDIA (NASDAQ:NVDAGet Free Report) last posted its earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.07. The business had revenue of $57.01 billion for the quarter, compared to analysts’ expectations of $54.66 billion. NVIDIA had a net margin of 53.01% and a return on equity of 99.24%. The business’s revenue for the quarter was up 62.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.81 EPS. Research analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Thursday, December 4th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. The ex-dividend date of this dividend was Thursday, December 4th. NVIDIA’s payout ratio is currently 0.99%.

Insider Buying and Selling

In other NVIDIA news, EVP Debora Shoquist sold 80,000 shares of the stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $178.90, for a total transaction of $14,312,000.00. Following the transaction, the executive vice president directly owned 1,494,443 shares in the company, valued at $267,355,852.70. This trade represents a 5.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Colette Kress sold 30,500 shares of NVIDIA stock in a transaction on Friday, December 12th. The stock was sold at an average price of $178.11, for a total transaction of $5,432,355.00. Following the completion of the transaction, the chief financial officer owned 1,286,826 shares in the company, valued at approximately $229,196,578.86. The trade was a 2.32% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 1,611,474 shares of company stock valued at $293,285,232 in the last three months. 4.17% of the stock is owned by corporate insiders.

NVIDIA News Summary

Here are the key news stories impacting NVIDIA this week:

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on NVDA shares. Benchmark lifted their price objective on NVIDIA from $220.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, November 20th. Robert W. Baird restated an “outperform” rating and set a $275.00 price target on shares of NVIDIA in a research note on Friday, December 26th. UBS Group reissued a “buy” rating on shares of NVIDIA in a report on Tuesday, January 6th. Wolfe Research increased their target price on shares of NVIDIA from $250.00 to $275.00 and gave the company an “outperform” rating in a report on Friday. Finally, Morgan Stanley increased their price target on NVIDIA from $235.00 to $250.00 and gave the company an “overweight” rating in a research report on Monday, December 1st. Four analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $263.98.

Get Our Latest Analysis on NVIDIA

NVIDIA Company Profile

(Free Report)

NVIDIA Corporation, founded in 1993 and headquartered in Santa Clara, California, is a global technology company that designs and develops graphics processing units (GPUs) and system-on-chip (SoC) technologies. Co-founded by Jensen Huang, who serves as president and chief executive officer, along with Chris Malachowsky and Curtis Priem, NVIDIA has grown from a graphics-focused chipmaker into a broad provider of accelerated computing hardware and software for multiple industries.

The company’s product portfolio spans discrete GPUs for gaming and professional visualization (marketed under the GeForce and NVIDIA RTX lines), high-performance data center accelerators used for AI training and inference (including widely adopted platforms such as the A100 and H100 series), and Tegra SoCs for automotive and edge applications.

Featured Articles

Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Corporation (NASDAQ:NVDAFree Report).

Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

Receive News & Ratings for NVIDIA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVIDIA and related companies with MarketBeat.com's FREE daily email newsletter.