Ballentine Partners LLC Has $50.91 Million Stock Position in NVIDIA Corporation (NASDAQ:NVDA)

Ballentine Partners LLC grew its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 3.8% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 469,741 shares of the computer hardware maker's stock after purchasing an additional 17,097 shares during the quarter. NVIDIA comprises about 0.9% of Ballentine Partners LLC's portfolio, making the stock its 19th biggest holding. Ballentine Partners LLC's holdings in NVIDIA were worth $50,911,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Fort Sheridan Advisors LLC increased its holdings in shares of NVIDIA by 0.5% during the 1st quarter. Fort Sheridan Advisors LLC now owns 147,796 shares of the computer hardware maker's stock worth $16,018,000 after acquiring an additional 790 shares during the last quarter. B & T Capital Management DBA Alpha Capital Management increased its holdings in shares of NVIDIA by 3.7% during the 1st quarter. B & T Capital Management DBA Alpha Capital Management now owns 55,090 shares of the computer hardware maker's stock worth $5,971,000 after acquiring an additional 1,983 shares during the last quarter. Focused Wealth Management Inc increased its holdings in shares of NVIDIA by 48.7% during the 1st quarter. Focused Wealth Management Inc now owns 33,740 shares of the computer hardware maker's stock worth $3,657,000 after acquiring an additional 11,052 shares during the last quarter. Coyle Financial Counsel LLC increased its holdings in shares of NVIDIA by 6.5% during the 1st quarter. Coyle Financial Counsel LLC now owns 24,514 shares of the computer hardware maker's stock worth $2,657,000 after acquiring an additional 1,496 shares during the last quarter. Finally, Berbice Capital Management LLC increased its holdings in shares of NVIDIA by 0.8% during the 1st quarter. Berbice Capital Management LLC now owns 155,770 shares of the computer hardware maker's stock worth $16,882,000 after acquiring an additional 1,240 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

Insider Transactions at NVIDIA

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the company's stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $152.54, for a total value of $11,440,500.00. Following the completion of the transaction, the chief executive officer owned 75,548,225 shares of the company's stock, valued at $11,524,126,241.50. This represents a 0.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Tench Coxe sold 1,000,000 shares of the company's stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $142.80, for a total value of $142,800,000.00. Following the completion of the transaction, the director directly owned 26,671,360 shares of the company's stock, valued at approximately $3,808,670,208. The trade was a 3.61% decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,537,440 shares of company stock worth $835,035,782 in the last 90 days. 4.17% of the stock is currently owned by company insiders.

NVIDIA Price Performance

Shares of NVDA stock opened at $180.77 on Friday. The company has a quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $183.88. The company has a market cap of $4.41 trillion, a P/E ratio of 58.31, a P/E/G ratio of 1.58 and a beta of 2.14. The business has a fifty day simple moving average of $158.85 and a 200 day simple moving average of $133.52.

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

NVIDIA Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th were issued 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 Wednesday, June 11th. NVIDIA's dividend payout ratio is presently 1.29%.

Analyst Ratings Changes

NVDA has been the topic of a number of recent analyst reports. Cantor Fitzgerald reissued an "overweight" rating and set a $200.00 target price on shares of NVIDIA in a report on Wednesday, April 16th. Loop Capital boosted their price target on NVIDIA from $175.00 to $250.00 and gave the company a "buy" rating in a research note on Wednesday, June 25th. Citigroup boosted their price target on NVIDIA from $180.00 to $190.00 and gave the company a "buy" rating in a research note on Monday, July 7th. Bank of America boosted their price target on NVIDIA from $180.00 to $220.00 in a research note on Wednesday, July 16th. Finally, Seaport Res Ptn upgraded NVIDIA to a "strong sell" rating in a research note on Wednesday, April 30th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-two have assigned a buy rating and four have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $183.75.

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.

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