Ayrshire Capital Management LLC Has $2.56 Million Holdings in NVIDIA Corporation (NASDAQ:NVDA)

Ayrshire Capital Management LLC lifted its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 442.2% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 23,627 shares of the computer hardware maker's stock after buying an additional 19,269 shares during the period. NVIDIA accounts for approximately 1.2% of Ayrshire Capital Management LLC's holdings, making the stock its 26th biggest position. Ayrshire Capital Management LLC's holdings in NVIDIA were worth $2,561,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Prairie Sky Financial Group LLC increased its position in NVIDIA by 10.7% in the first quarter. Prairie Sky Financial Group LLC now owns 6,966 shares of the computer hardware maker's stock worth $755,000 after buying an additional 673 shares during the period. Shira Ridge Wealth Management lifted its position in NVIDIA by 4.6% in the 1st quarter. Shira Ridge Wealth Management now owns 6,620 shares of the computer hardware maker's stock valued at $718,000 after purchasing an additional 290 shares during the last quarter. Attessa Capital LLC acquired a new position in NVIDIA during the 1st quarter valued at about $334,000. Fiduciary Financial Group LLC grew its position in NVIDIA by 2.8% in the 1st quarter. Fiduciary Financial Group LLC now owns 70,290 shares of the computer hardware maker's stock worth $7,561,000 after purchasing an additional 1,929 shares during the last quarter. Finally, Simplicity Wealth LLC grew its position in NVIDIA by 19.7% in the 1st quarter. Simplicity Wealth LLC now owns 189,816 shares of the computer hardware maker's stock worth $20,572,000 after purchasing an additional 31,190 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on NVDA shares. Bank of America boosted their price objective on NVIDIA from $150.00 to $160.00 and gave the stock a "buy" rating in a research report on Wednesday, May 14th. Oppenheimer reiterated an "outperform" rating and set a $175.00 price target on shares of NVIDIA in a research report on Monday, June 16th. HSBC cut NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 price target for the company. in a research note on Thursday, April 3rd. TD Cowen lifted their price objective on shares of NVIDIA from $140.00 to $175.00 and gave the company a "buy" rating in a research note on Thursday, May 29th. Finally, UBS Group reiterated a "buy" rating on shares of NVIDIA in a research report on Friday, May 23rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-five have assigned a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, NVIDIA presently has an average rating of "Moderate Buy" and a consensus target price of $173.05.

NVIDIA Stock Up 2.6%

NVIDIA stock traded up $3.73 during trading hours on Tuesday, hitting $147.90. The company had a trading volume of 187,010,174 shares, compared to its average volume of 270,622,127. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $153.13. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.39 and a quick ratio of 2.96. The firm has a market capitalization of $3.61 trillion, a P/E ratio of 47.71, a price-to-earnings-growth ratio of 1.27 and a beta of 2.12. The firm's fifty day moving average is $127.76 and its 200-day moving average is $126.59.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). The company had revenue of $44.06 billion during the quarter, compared to analyst estimates of $43.09 billion. NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The company's revenue was up 69.2% compared to the same quarter last year. During the same period last year, the company posted $0.61 earnings per share. On average, research analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th will be issued a dividend of $0.01 per share. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. NVIDIA's dividend payout ratio is 1.29%.

Insider Activity at NVIDIA

In other news, Director Robert K. Burgess sold 50,000 shares of the company's stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $134.82, for a total transaction of $6,741,000.00. Following the completion of the sale, the director now owns 201,044 shares in the company, valued at approximately $27,104,752.08. This represents a 19.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director A Brooke Seawell sold 55,282 shares of the stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $144.71, for a total value of $7,999,858.22. Following the transaction, the director now directly owns 1,944,718 shares in the company, valued at approximately $281,420,141.78. This represents a 2.76% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,393,863 shares of company stock valued at $483,709,832. 4.17% of the stock is owned by corporate insiders.

About NVIDIA

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.