CENTRAL TRUST Co trimmed its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 2.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 558,760 shares of the computer hardware maker's stock after selling 15,436 shares during the period. NVIDIA makes up approximately 1.5% of CENTRAL TRUST Co's portfolio, making the stock its 16th biggest holding. CENTRAL TRUST Co's holdings in NVIDIA were worth $60,558,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. SC&H Financial Advisors Inc. grew its stake in shares of NVIDIA by 1.6% in the fourth quarter. SC&H Financial Advisors Inc. now owns 5,074 shares of the computer hardware maker's stock worth $681,000 after acquiring an additional 80 shares in the last quarter. DecisionPoint Financial LLC raised its stake in shares of NVIDIA by 2.9% in the fourth quarter. DecisionPoint Financial LLC now owns 2,878 shares of the computer hardware maker's stock valued at $386,000 after acquiring an additional 80 shares in the last quarter. BCR Wealth Strategies LLC boosted its holdings in NVIDIA by 3.1% in the fourth quarter. BCR Wealth Strategies LLC now owns 2,919 shares of the computer hardware maker's stock valued at $391,000 after purchasing an additional 89 shares during the period. Condor Capital Management grew its stake in NVIDIA by 3.6% during the 4th quarter. Condor Capital Management now owns 2,559 shares of the computer hardware maker's stock worth $344,000 after purchasing an additional 89 shares in the last quarter. Finally, Squire Investment Management Company LLC increased its holdings in NVIDIA by 4.0% during the 4th quarter. Squire Investment Management Company LLC now owns 2,360 shares of the computer hardware maker's stock worth $317,000 after purchasing an additional 91 shares during the period. 65.27% of the stock is currently owned by hedge funds and other institutional investors.
NVIDIA Stock Up 1.3%
NVDA opened at $159.28 on Friday. The business has a 50 day moving average price of $136.38 and a two-hundred day moving average price of $127.84. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $160.98. The company has a market cap of $3.89 trillion, a PE ratio of 51.38, a P/E/G ratio of 1.41 and a beta of 2.13. The company has a quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10.
NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.06). NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The company had revenue of $44.06 billion for the quarter, compared to analysts' expectations of $43.09 billion. During the same quarter last year, the company earned $0.61 EPS. NVIDIA's revenue for the quarter was up 69.2% compared to the same quarter last year. As a group, research analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current year.
NVIDIA Dividend Announcement
The company also recently announced 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 annualized dividend and a dividend yield of 0.03%. The ex-dividend date of this dividend was Wednesday, June 11th. NVIDIA's dividend payout ratio (DPR) is presently 1.29%.
Insider Activity
In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $157.53, for a total transaction of $11,814,750.00. Following the transaction, the chief executive officer owned 75,323,225 shares in the company, valued at approximately $11,865,667,634.25. The trade was a 0.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Ajay K. Puri sold 168,195 shares of the stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $152.64, for a total value of $25,673,284.80. Following the transaction, the executive vice president directly owned 4,018,547 shares of the company's stock, valued at approximately $613,391,014.08. This trade represents a 4.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 4,044,919 shares of company stock valued at $584,414,209 over the last quarter. Corporate insiders own 4.17% of the company's stock.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on the company. DA Davidson lifted their price objective on NVIDIA from $120.00 to $135.00 and gave the company a "neutral" rating in a research note on Thursday, May 29th. Benchmark reiterated a "buy" rating and issued a $190.00 price target on shares of NVIDIA in a research note on Thursday, May 29th. William Blair reiterated an "outperform" rating on shares of NVIDIA in a report on Thursday, March 20th. Bank of America raised their price objective on shares of NVIDIA from $150.00 to $160.00 and gave the company a "buy" rating in a report on Wednesday, May 14th. Finally, Piper Sandler reaffirmed an "overweight" rating and set a $180.00 price objective (up from $150.00) on shares of NVIDIA in a research report on Wednesday, May 28th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-four have assigned a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $176.19.
Read Our Latest Report on NVIDIA
About NVIDIA
(
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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