Central Pacific Bank Trust Division decreased its stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 24.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 100,692 shares of the computer hardware maker's stock after selling 32,243 shares during the quarter. NVIDIA makes up 1.5% of Central Pacific Bank Trust Division's portfolio, making the stock its 7th largest position. Central Pacific Bank Trust Division's holdings in NVIDIA were worth $10,913,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently bought and sold shares of the company. Regent Peak Wealth Advisors LLC boosted its holdings in NVIDIA by 0.4% in the 4th quarter. Regent Peak Wealth Advisors LLC now owns 81,833 shares of the computer hardware maker's stock valued at $10,989,000 after purchasing an additional 322 shares during the last quarter. Wealth Group Ltd. grew its stake in NVIDIA by 1.8% during the 4th quarter. Wealth Group Ltd. now owns 5,702 shares of the computer hardware maker's stock worth $766,000 after buying an additional 100 shares during the last quarter. Tallon Kerry Patrick acquired a new stake in shares of NVIDIA in the 4th quarter worth $972,000. Capital & Planning LLC lifted its holdings in NVIDIA by 16.9% in the fourth quarter. Capital & Planning LLC now owns 7,604 shares of the computer hardware maker's stock valued at $1,021,000 after acquiring an additional 1,099 shares during the period. Finally, SeaTown Holdings Pte. Ltd. boosted its position in NVIDIA by 66.0% during the fourth quarter. SeaTown Holdings Pte. Ltd. now owns 109,412 shares of the computer hardware maker's stock worth $14,693,000 after purchasing an additional 43,500 shares in the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on NVDA shares. Susquehanna reaffirmed a "positive" rating and set a $180.00 price target on shares of NVIDIA in a research note on Wednesday, March 19th. UBS Group reissued a "buy" rating on shares of NVIDIA in a report on Friday, May 23rd. Needham & Company LLC restated a "buy" rating and set a $160.00 price objective on shares of NVIDIA in a research report on Thursday, May 29th. Seaport Res Ptn raised NVIDIA to a "strong sell" rating in a research note on Wednesday, April 30th. Finally, Benchmark reiterated a "buy" rating and issued a $190.00 target price on shares of NVIDIA in a report on Thursday, May 29th. One analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-five have issued a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $172.24.
View Our Latest Stock Analysis on NVIDIA
Insiders Place Their Bets
In other news, insider Donald F. Robertson, Jr. sold 4,500 shares of NVIDIA stock in a transaction on Friday, March 21st. The stock was 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Aarti S. Shah sold 20,000 shares of the company's stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $118.42, for a total transaction of $2,368,400.00. Following the completion of the transaction, the director now owns 53,208 shares in the company, valued at approximately $6,300,891.36. The trade was a 27.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,560,845 shares of company stock worth $360,351,849 in the last 90 days. 4.17% of the stock is currently owned by corporate insiders.
NVIDIA Stock Up 1.5%
NASDAQ:NVDA traded up $2.17 during mid-day trading on Thursday, hitting $145.00. 161,141,087 shares of the company's stock were exchanged, compared to its average volume of 276,913,809. The business has a fifty day moving average price of $120.91 and a 200 day moving average price of $126.34. The company has a market cap of $3.54 trillion, a PE ratio of 57.06, a P/E/G ratio of 1.76 and a beta of 2.12. NVIDIA Co. has a one year low of $86.62 and a one year high of $153.13. 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 (NASDAQ:NVDA - Get Free Report) last issued 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). The business had revenue of $44.06 billion during the quarter, compared to the consensus estimate of $43.09 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. NVIDIA's revenue for the quarter was up 69.2% on a year-over-year basis. During the same quarter last year, the company earned $0.61 EPS. Equities analysts predict that NVIDIA Co. will post 2.77 EPS for the current year.
NVIDIA Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders 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 payout ratio is currently 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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