Indiana Trust & Investment Management CO Boosts Position in NVIDIA Co. (NASDAQ:NVDA)
Indiana Trust & Investment Management CO boosted its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 15.1% in the first quarter, Holdings Channel reports. The fund owned 1,145 shares of the computer hardware maker’s stock after purchasing an additional 150 shares during the quarter. Indiana Trust & Investment Management CO’s holdings in NVIDIA were worth $611,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently bought and sold shares of NVDA. Itau Unibanco Holding S.A. grew its holdings in NVIDIA by 76,947.4% during the fourth quarter. Itau Unibanco Holding S.A. now owns 7,303,326 shares of the computer hardware maker’s stock valued at $307,000 after purchasing an additional 7,293,847 shares during the period. Norges Bank bought a new stake in NVIDIA during the fourth quarter valued at about $3,076,228,000. Morgan Stanley grew its holdings in NVIDIA by 29.7% during the fourth quarter. Morgan Stanley now owns 4,695,110 shares of the computer hardware maker’s stock valued at $2,451,789,000 after purchasing an additional 1,075,930 shares during the period. Renaissance Technologies LLC bought a new stake in NVIDIA during the fourth quarter valued at about $523,815,000. Finally, BlackRock Inc. grew its holdings in NVIDIA by 2.0% during the fourth quarter. BlackRock Inc. now owns 44,799,146 shares of the computer hardware maker’s stock valued at $23,394,117,000 after purchasing an additional 871,896 shares during the period. Institutional investors own 65.70% of the company’s stock.
NASDAQ NVDA traded up $9.51 during midday trading on Thursday, hitting $575.25. 170,357 shares of the company traded hands, compared to its average volume of 8,266,496. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.92 and a quick ratio of 3.52. The company has a market cap of $356.66 billion, a PE ratio of 92.59, a price-to-earnings-growth ratio of 3.87 and a beta of 1.45. The company’s 50-day simple moving average is $534.84 and its 200-day simple moving average is $535.31. NVIDIA Co. has a 52 week low of $257.00 and a 52 week high of $614.90.
The business also recently announced a quarterly dividend, which was paid on Wednesday, March 31st. Shareholders of record on Wednesday, March 10th were given a dividend of $0.16 per share. The ex-dividend date was Tuesday, March 9th. This represents a $0.64 annualized dividend and a yield of 0.11%. NVIDIA’s dividend payout ratio (DPR) is presently 13.94%.
Several analysts have issued reports on NVDA shares. Craig Hallum boosted their price target on NVIDIA from $520.00 to $550.00 and gave the company a “hold” rating in a report on Thursday, February 25th. Wedbush upped their price objective on NVIDIA from $600.00 to $640.00 and gave the stock an “outperform” rating in a research note on Thursday, February 25th. BMO Capital Markets upped their price objective on NVIDIA from $650.00 to $680.00 and gave the stock an “outperform” rating in a research note on Monday, February 22nd. New Street Research raised NVIDIA from a “sell” rating to a “neutral” rating in a research note on Wednesday, February 3rd. Finally, Susquehanna upped their price objective on NVIDIA from $625.00 to $700.00 and gave the stock a “positive” rating in a research note on Monday, February 22nd. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and twenty-nine have assigned a buy rating to the company. NVIDIA presently has an average rating of “Buy” and a consensus price target of $593.56.
In other NVIDIA news, Director Mark L. Perry sold 6,104 shares of the stock in a transaction on Monday, April 5th. The stock was sold at an average price of $556.58, for a total transaction of $3,397,364.32. Following the sale, the director now owns 8,031 shares of the company’s stock, valued at approximately $4,469,893.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.47% of the stock is currently owned by company insiders.
NVIDIA Corporation operates as a visual computing company worldwide. It operates in two segments, GPU and Tegra Processor. The GPU segment offers processors, which include GeForce for PC gaming and mainstream PCs; GeForce NOW for cloud-based gaming; Quadro for design professionals working in computer-aided design, video editing, special effects, and other creative applications; Tesla for artificial intelligence (AI) utilizing deep learning, accelerated computing, and general purpose computing; GRID, which provides power of NVIDIA graphics through the cloud and datacenters; DGX for AI scientists, researchers, and developers; and EGX for accelerated AI computing at the edge.
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