Bartlett & CO. Wealth Management LLC grew its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 22.9% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 1,022,393 shares of the computer hardware maker's stock after acquiring an additional 190,371 shares during the quarter. NVIDIA comprises 1.6% of Bartlett & CO. Wealth Management LLC's investment portfolio, making the stock its 15th biggest holding. Bartlett & CO. Wealth Management LLC's holdings in NVIDIA were worth $110,817,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. FMR LLC boosted its holdings in NVIDIA by 0.7% in the 4th quarter. FMR LLC now owns 1,004,376,608 shares of the computer hardware maker's stock valued at $134,877,735,000 after purchasing an additional 6,665,252 shares in the last quarter. Geode Capital Management LLC raised its holdings in NVIDIA by 1.7% during 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 purchasing an additional 9,468,786 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in NVIDIA by 0.9% during 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 purchasing an additional 3,721,331 shares during the last quarter. Norges Bank acquired a new position in shares of NVIDIA during the 4th quarter worth approximately $43,515,504,000. Finally, Northern Trust Corp raised its holdings in shares of NVIDIA by 15.8% in the fourth quarter. Northern Trust Corp now owns 266,454,194 shares of the computer hardware maker's stock worth $35,782,134,000 after acquiring an additional 36,266,817 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently weighed in on NVDA shares. DA Davidson boosted their price target on NVIDIA from $120.00 to $135.00 and gave the stock a "neutral" rating in a report on Thursday, May 29th. Morgan Stanley restated an "overweight" rating and set a $170.00 price target (up from $160.00) on shares of NVIDIA in a research note on Thursday, May 29th. UBS Group restated a "buy" rating on shares of NVIDIA in a research note on Friday, May 23rd. Arete Research upgraded NVIDIA to a "strong-buy" rating in a research note on Wednesday, May 21st. Finally, Wedbush restated an "outperform" rating on shares of NVIDIA in a research note on Thursday, May 29th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-three have assigned a buy rating and four have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $181.22.
Read Our Latest Stock Analysis on NVDA
Insider Transactions at NVIDIA
In other news, CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $169.54, for a total value of $12,715,500.00. Following the sale, the chief executive officer owned 74,123,225 shares of the company's stock, valued at approximately $12,566,851,566.50. The trade was a 0.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Colette Kress sold 20,000 shares of the business's stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $170.88, for a total value of $3,417,600.00. Following the sale, the chief financial officer directly owned 163,060 shares in the company, valued at $27,863,692.80. This trade represents a 10.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,114,800 shares of company stock valued at $760,553,003. Corporate insiders own 4.17% of the company's stock.
NVIDIA Stock Performance
Shares of NASDAQ NVDA traded up $3.75 during mid-day trading on Wednesday, hitting $170.78. The company had a trading volume of 152,871,674 shares, compared to its average volume of 263,063,842. The stock has a market cap of $4.17 trillion, a price-to-earnings ratio of 55.09, a PEG ratio of 1.47 and a beta of 2.13. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $174.25. 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's 50 day simple moving average is $149.41 and its two-hundred day simple moving average is $130.53.
NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its 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). The business had revenue of $44.06 billion for the quarter, compared to the consensus estimate of $43.09 billion. NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The firm's revenue was up 69.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.61 EPS. As a group, equities research analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current year.
NVIDIA Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.02%. The ex-dividend date was Wednesday, June 11th. NVIDIA's dividend payout ratio is presently 1.29%.
NVIDIA Company Profile
(
Free Report)
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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