BOK Financial Private Wealth Inc. Buys 230 Shares of NVIDIA Co. (NASDAQ:NVDA)

BOK Financial Private Wealth Inc. lifted its stake in NVIDIA Co. (NASDAQ:NVDA) by 115.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 430 shares of the computer hardware maker’s stock after buying an additional 230 shares during the quarter. BOK Financial Private Wealth Inc.’s holdings in NVIDIA were worth $213,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in NVDA. Heartland Bank & Trust Co raised its holdings in NVIDIA by 1.6% during the third quarter. Heartland Bank & Trust Co now owns 11,304 shares of the computer hardware maker’s stock valued at $4,917,000 after acquiring an additional 176 shares during the period. Moody National Bank Trust Division raised its stake in NVIDIA by 6.4% during the 3rd quarter. Moody National Bank Trust Division now owns 50,119 shares of the computer hardware maker’s stock valued at $21,801,000 after purchasing an additional 3,035 shares during the period. Ayrshire Capital Management LLC raised its stake in NVIDIA by 6.6% during the 3rd quarter. Ayrshire Capital Management LLC now owns 549 shares of the computer hardware maker’s stock valued at $239,000 after purchasing an additional 34 shares during the period. Capital City Trust Co. FL lifted its holdings in NVIDIA by 162.1% in the 3rd quarter. Capital City Trust Co. FL now owns 3,551 shares of the computer hardware maker’s stock worth $1,545,000 after purchasing an additional 2,196 shares in the last quarter. Finally, Kohmann Bosshard Financial Services LLC boosted its stake in NVIDIA by 3.5% in the 3rd quarter. Kohmann Bosshard Financial Services LLC now owns 1,412 shares of the computer hardware maker’s stock worth $614,000 after purchasing an additional 48 shares during the period. 65.27% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on NVDA. Raymond James boosted their target price on shares of NVIDIA from $850.00 to $1,100.00 and gave the stock a “strong-buy” rating in a report on Thursday, April 11th. Morgan Stanley increased their price objective on shares of NVIDIA from $795.00 to $1,000.00 and gave the company an “overweight” rating in a report on Wednesday, April 10th. Deutsche Bank Aktiengesellschaft raised their price objective on NVIDIA from $720.00 to $850.00 and gave the company a “hold” rating in a research report on Wednesday, March 20th. CICC Research assumed coverage on NVIDIA in a research note on Wednesday, March 6th. They set an “outperform” rating and a $870.00 price target for the company. Finally, Benchmark reaffirmed a “buy” rating and issued a $1,000.00 price objective on shares of NVIDIA in a research note on Wednesday, March 20th. Four research analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, NVIDIA currently has an average rating of “Moderate Buy” and a consensus target price of $940.30.

NVIDIA Price Performance

NVDA opened at $795.18 on Tuesday. The firm has a market capitalization of $1.99 trillion, a PE ratio of 66.60, a price-to-earnings-growth ratio of 1.09 and a beta of 1.73. The business’s 50-day moving average is $846.17 and its two-hundred day moving average is $627.28. NVIDIA Co. has a 1 year low of $262.25 and a 1 year high of $974.00. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.17 and a quick ratio of 3.67.

NVIDIA (NASDAQ:NVDA) last announced its earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share for the quarter, beating the consensus estimate of $4.21 by $0.95. The company 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%. NVIDIA’s revenue was up 265.3% compared to the same quarter last year. During the same period last year, the firm earned $0.65 earnings per share. Research analysts anticipate that NVIDIA Co. will post 22.55 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

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

Insider Transactions at NVIDIA

In related news, insider Donald F. Robertson, Jr. sold 450 shares of the stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $911.62, for a total value of $410,229.00. Following the completion of the transaction, the insider now directly owns 49,815 shares of the company’s stock, valued at approximately $45,412,350.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Donald F. Robertson, Jr. sold 450 shares of the company’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $911.62, for a total value of $410,229.00. Following the transaction, the insider now directly owns 49,815 shares of the company’s stock, valued at approximately $45,412,350.30. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Mark A. Stevens sold 22,700 shares of the company’s stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $879.97, for a total value of $19,975,319.00. Following the completion of the sale, the director now owns 1,052,133 shares in the company, valued at approximately $925,845,476.01. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 61,278 shares of company stock worth $52,689,898. Insiders own 3.99% of the company’s stock.

NVIDIA Company 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.