Parkside Financial Bank & Trust Raises Stock Position in NVIDIA Co. (NASDAQ:NVDA)

Parkside Financial Bank & Trust increased its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 10.0% in the 4th quarter, HoldingsChannel reports. The firm owned 9,580 shares of the computer hardware maker’s stock after acquiring an additional 867 shares during the quarter. NVIDIA makes up approximately 0.9% of Parkside Financial Bank & Trust’s holdings, making the stock its 21st largest holding. Parkside Financial Bank & Trust’s holdings in NVIDIA were worth $4,744,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in NVDA. CX Institutional increased its holdings in NVIDIA by 1.8% in the third quarter. CX Institutional now owns 7,283 shares of the computer hardware maker’s stock valued at $3,168,000 after buying an additional 126 shares in the last quarter. RFG Holdings Inc. purchased a new position in NVIDIA in the third quarter valued at $338,000. Galvin Gaustad & Stein LLC increased its holdings in NVIDIA by 25.6% in the third quarter. Galvin Gaustad & Stein LLC now owns 2,434 shares of the computer hardware maker’s stock valued at $1,059,000 after buying an additional 496 shares in the last quarter. Syntegra Private Wealth Group LLC increased its holdings in NVIDIA by 2.4% in the third quarter. Syntegra Private Wealth Group LLC now owns 1,906 shares of the computer hardware maker’s stock valued at $829,000 after buying an additional 45 shares in the last quarter. Finally, SS&H Financial Advisors Inc. purchased a new position in NVIDIA in the third quarter valued at $5,550,000. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Insider Buying and Selling

In related news, Director Mark A. Stevens sold 10,000 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $896,933,663.31. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, Director Mark A. Stevens sold 12,000 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $853.54, for a total transaction of $10,242,480.00. Following the sale, the director now directly owns 1,107,583 shares of the company’s stock, valued at approximately $945,366,393.82. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Mark A. Stevens sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was 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 $896,933,663.31. The disclosure for this sale can be found here. Insiders have sold a total of 61,278 shares of company stock valued at $52,689,898 in the last ninety days. Company insiders own 3.99% of the company’s stock.

NVIDIA Stock Performance

Shares of NVDA stock opened at $830.41 on Thursday. The firm’s 50 day moving average price is $863.93 and its 200-day moving average price is $644.83. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.67 and a current ratio of 4.17. NVIDIA Co. has a one year low of $272.40 and a one year high of $974.00. The firm has a market cap of $2.08 trillion, a P/E ratio of 69.55, a P/E/G ratio of 1.26 and a beta of 1.73.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Wednesday, February 21st. The computer hardware maker reported $5.16 EPS for the quarter, topping the consensus estimate of $4.21 by $0.95. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The firm had revenue of $22.10 billion for the quarter, compared to analyst estimates of $20.40 billion. During the same period in the prior year, the business posted $0.65 EPS. The business’s revenue for the quarter was up 265.3% compared to the same quarter last year. As a group, equities research analysts predict that NVIDIA Co. will post 22.55 EPS for the current year.

NVIDIA Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 6th were paid a dividend of $0.04 per share. 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 payout ratio is currently 1.34%.

Analyst Ratings Changes

A number of research firms have weighed in on NVDA. Rosenblatt Securities reaffirmed a “buy” rating and issued a $1,100.00 price objective on shares of NVIDIA in a report on Tuesday, February 20th. KeyCorp boosted their target price on shares of NVIDIA from $1,100.00 to $1,200.00 and gave the stock an “overweight” rating in a research note on Monday, April 8th. Stifel Nicolaus reissued a “buy” rating and set a $910.00 target price on shares of NVIDIA in a research note on Wednesday, March 20th. Wolfe Research boosted their target price on shares of NVIDIA from $630.00 to $900.00 and gave the stock an “outperform” rating in a research note on Thursday, February 22nd. Finally, Wells Fargo & Company boosted their target price on shares of NVIDIA from $840.00 to $970.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 19th. Four investment analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $941.55.

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.