Bath Savings Trust Co Cuts Holdings in NVIDIA Co. (NASDAQ:NVDA)

Bath Savings Trust Co reduced its stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 11.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 75,828 shares of the computer hardware maker's stock after selling 9,696 shares during the quarter. Bath Savings Trust Co's holdings in NVIDIA were worth $8,218,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of NVDA. DiNuzzo Private Wealth Inc. boosted its holdings in shares of NVIDIA by 0.8% during the fourth quarter. DiNuzzo Private Wealth Inc. now owns 8,612 shares of the computer hardware maker's stock worth $1,157,000 after acquiring an additional 71 shares during the period. Baker Boyer National Bank lifted its holdings in NVIDIA by 3.3% during the 4th quarter. Baker Boyer National Bank now owns 2,403 shares of the computer hardware maker's stock worth $323,000 after purchasing an additional 76 shares during the last quarter. SC&H Financial Advisors Inc. lifted its holdings in NVIDIA by 1.6% during the 4th quarter. SC&H Financial Advisors Inc. now owns 5,074 shares of the computer hardware maker's stock worth $681,000 after purchasing an additional 80 shares during the last quarter. DecisionPoint Financial LLC boosted its stake in NVIDIA by 2.9% in the 4th quarter. DecisionPoint Financial LLC now owns 2,878 shares of the computer hardware maker's stock valued at $386,000 after purchasing an additional 80 shares during the period. Finally, Matthew Goff Investment Advisor LLC grew its holdings in NVIDIA by 0.7% in the 4th quarter. Matthew Goff Investment Advisor LLC now owns 11,496 shares of the computer hardware maker's stock valued at $1,544,000 after buying an additional 84 shares in the last quarter. 65.27% of the stock is owned by institutional investors.

NVIDIA Trading Up 0.9%

NVDA traded up $1.33 during trading on Tuesday, hitting $143.96. 154,969,369 shares of the stock traded hands, compared to its average volume of 273,132,656. The firm has a 50-day moving average of $119.10 and a 200 day moving average of $126.11. The firm has a market capitalization of $3.51 trillion, a P/E ratio of 56.65, a price-to-earnings-growth ratio of 1.76 and a beta of 2.12. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. NVIDIA Co. has a 12-month low of $86.62 and a 12-month high of $153.13.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing analysts' consensus estimates 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 55.69% and a return on equity of 114.83%. NVIDIA's revenue was up 69.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.61 EPS. Equities research analysts anticipate that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

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

Insiders Place Their Bets

In other NVIDIA news, Director Robert K. Burgess sold 53,324 shares of the firm'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 transaction of $6,158,388.76. Following the completion of the transaction, the director now owns 251,044 shares of the company's stock, valued at approximately $28,993,071.56. This trade represents a 17.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 stock was sold at an average price of $116.80, for a total value 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 represents a 0.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,255,320 shares of company stock worth $172,680,419 over the last three months. Company insiders own 4.17% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on NVDA. Barclays reaffirmed an "overweight" rating and set a $170.00 target price (up from $155.00) on shares of NVIDIA in a report on Thursday, May 29th. Tigress Financial restated a "buy" rating on shares of NVIDIA in a research report on Wednesday, February 26th. UBS Group reiterated a "buy" rating on shares of NVIDIA in a research report on Friday, May 23rd. KeyCorp set a $190.00 price objective on shares of NVIDIA in a research note on Wednesday, March 19th. Finally, Seaport Res Ptn upgraded NVIDIA to a "strong sell" rating in a research note on Wednesday, April 30th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, thirty-six have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, NVIDIA presently has an average rating of "Moderate Buy" and a consensus target price of $171.66.

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.