Baring Financial LLC Purchases 2,592 Shares of NVIDIA Co. (NASDAQ:NVDA)

Baring Financial LLC lifted its holdings in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 24.7% in the first quarter, according to its most recent filing with the SEC. The firm owned 13,107 shares of the computer hardware maker's stock after acquiring an additional 2,592 shares during the period. NVIDIA makes up about 1.2% of Baring Financial LLC's investment portfolio, making the stock its 26th biggest position. Baring Financial LLC's holdings in NVIDIA were worth $1,421,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NVDA. FMR LLC raised its stake in shares of NVIDIA by 0.7% in the fourth quarter. FMR LLC now owns 1,004,376,608 shares of the computer hardware maker's stock worth $134,877,735,000 after acquiring an additional 6,665,252 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of NVIDIA by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 555,548,278 shares of the computer hardware maker's stock worth $74,439,273,000 after acquiring an additional 9,468,786 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of NVIDIA by 0.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 411,328,951 shares of the computer hardware maker's stock worth $55,237,367,000 after acquiring an additional 3,721,331 shares during the last quarter. Norges Bank acquired a new stake in shares of NVIDIA during the 4th quarter worth approximately $43,515,504,000. Finally, Northern Trust Corp grew its position in shares of NVIDIA by 15.8% during the 4th quarter. Northern Trust Corp now owns 266,454,194 shares of the computer hardware maker's stock worth $35,782,134,000 after buying an additional 36,266,817 shares during the period. 65.27% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Robert K. Burgess sold 53,324 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $115.49, for a total value of $6,158,388.76. Following the sale, the director now owns 251,044 shares of the company's stock, valued at $28,993,071.56. The trade was a 17.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the business's stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $116.80, for a total transaction of $525,600.00. Following the completion of the sale, the insider now directly owns 479,428 shares in the company, valued at approximately $55,997,190.40. This trade represents a 0.93% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,614,169 shares of company stock valued at $366,510,238. Company insiders own 4.17% of the company's stock.

NVIDIA Stock Down 0.8%

NVIDIA stock traded down $1.13 during midday trading on Wednesday, hitting $142.83. 166,804,211 shares of the stock were exchanged, compared to its average volume of 277,376,658. NVIDIA Co. has a 52-week low of $86.62 and a 52-week high of $153.13. The stock has a market capitalization of $3.49 trillion, a price-to-earnings ratio of 56.21, a price-to-earnings-growth ratio of 1.76 and a beta of 2.12. The business's 50-day moving average price is $119.94 and its 200-day moving average price is $126.23. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings results 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 114.83% and a net margin of 55.69%. The firm had revenue of $44.06 billion for the quarter, compared to analysts' expectations of $43.09 billion. During the same quarter last year, the firm posted $0.61 earnings per share. The firm's revenue for the quarter was up 69.2% compared to the same quarter last year. On average, research analysts expect that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Mizuho lifted their price target on shares of NVIDIA from $168.00 to $170.00 and gave the stock an "outperform" rating in a research report on Thursday, May 29th. Truist Financial lifted their price target on shares of NVIDIA from $205.00 to $210.00 and gave the stock a "buy" rating in a research report on Thursday, May 29th. Raymond James lifted their price target on shares of NVIDIA from $150.00 to $165.00 and gave the stock a "strong-buy" rating in a research report on Thursday, May 29th. Benchmark restated a "buy" rating and set a $190.00 price objective on shares of NVIDIA in a report on Thursday, May 29th. Finally, Needham & Company LLC restated a "buy" rating and set a $160.00 price objective on shares of NVIDIA in a report on Thursday, May 29th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-six have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $171.66.

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.