Boston Trust Walden Corp Acquires 234,080 Shares of NVIDIA Corporation (NASDAQ:NVDA)

Boston Trust Walden Corp lifted its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 42.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 780,012 shares of the computer hardware maker's stock after purchasing an additional 234,080 shares during the period. Boston Trust Walden Corp's holdings in NVIDIA were worth $84,538,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in NVDA. Global X Japan Co. Ltd. grew its holdings in NVIDIA by 8.1% in the 1st quarter. Global X Japan Co. Ltd. now owns 356,955 shares of the computer hardware maker's stock worth $38,687,000 after acquiring an additional 26,712 shares during the last quarter. Montz Harcus Wealth Management LLC grew its holdings in NVIDIA by 4.1% in the 1st quarter. Montz Harcus Wealth Management LLC now owns 19,223 shares of the computer hardware maker's stock worth $2,083,000 after acquiring an additional 754 shares during the last quarter. WestHill Financial Advisors Inc. grew its holdings in NVIDIA by 1.8% in the 1st quarter. WestHill Financial Advisors Inc. now owns 9,523 shares of the computer hardware maker's stock worth $1,032,000 after acquiring an additional 168 shares during the last quarter. Centennial Wealth Advisory LLC grew its holdings in NVIDIA by 7.5% in the 1st quarter. Centennial Wealth Advisory LLC now owns 24,446 shares of the computer hardware maker's stock worth $2,649,000 after acquiring an additional 1,695 shares during the last quarter. Finally, Bigelow Investment Advisors LLC grew its holdings in NVIDIA by 0.5% in the 1st quarter. Bigelow Investment Advisors LLC now owns 23,606 shares of the computer hardware maker's stock worth $2,558,000 after acquiring an additional 129 shares during the last quarter. Institutional investors own 65.27% of the company's stock.

Insider Buying and Selling

In other news, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $158.35, for a total value of $11,876,250.00. Following the completion of the sale, the chief executive officer directly owned 75,023,225 shares in the company, valued at $11,879,927,678.75. The trade was a 0.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director A Brooke Seawell sold 50,514 shares of NVIDIA stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $158.37, for a total transaction of $7,999,902.18. Following the completion of the sale, the director owned 1,974,784 shares of the company's stock, valued at $312,746,542.08. This represents a 2.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 4,296,844 shares of company stock valued at $624,019,677 over the last quarter. Company insiders own 4.17% of the company's stock.

Analyst Ratings Changes

A number of brokerages have issued reports on NVDA. Citigroup raised their price target on shares of NVIDIA from $180.00 to $190.00 and gave the stock a "buy" rating in a report on Monday. Hsbc Global Res lowered shares of NVIDIA from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 3rd. Oppenheimer reissued an "outperform" rating and issued a $175.00 price target on shares of NVIDIA in a report on Monday, June 16th. Raymond James Financial raised their target price 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. Finally, Morgan Stanley reaffirmed an "overweight" rating and issued a $170.00 target price (up from $160.00) on shares of NVIDIA in a research report on Thursday, May 29th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-four have issued a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat, NVIDIA has a consensus rating of "Moderate Buy" and an average target price of $176.47.

NVIDIA Stock Down 0.7%

NASDAQ:NVDA traded down $1.10 on Monday, reaching $158.24. 139,752,171 shares of the stock traded hands, compared to its average volume of 267,843,138. The company has a market capitalization of $3.86 trillion, a price-to-earnings ratio of 51.05, a PEG ratio of 1.41 and a beta of 2.13. The company has a current ratio of 3.39, a quick ratio of 2.96 and a debt-to-equity ratio of 0.10. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $160.98. The company's fifty day simple moving average is $137.37 and its 200 day simple moving average is $127.97.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings data 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). NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The firm 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 business posted $0.61 earnings per share. The firm's revenue for the quarter was up 69.2% compared to the same quarter last year. Equities analysts predict that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th were paid a $0.01 dividend. The ex-dividend date was Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. NVIDIA's dividend payout ratio is presently 1.29%.

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.