Crane Advisory LLC Boosts Stock Holdings in NVIDIA Corporation (NASDAQ:NVDA)

Crane Advisory LLC lifted its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 67.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,833 shares of the computer hardware maker's stock after buying an additional 4,758 shares during the quarter. NVIDIA makes up 0.2% of Crane Advisory LLC's holdings, making the stock its 19th largest holding. Crane Advisory LLC's holdings in NVIDIA were worth $1,313,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in NVDA. FMR LLC boosted its position in NVIDIA by 0.7% during 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 acquiring an additional 6,665,252 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of NVIDIA by 1.7% during the 4th 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 boosted its position 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 valued at $55,237,367,000 after purchasing an additional 3,721,331 shares in the last quarter. Norges Bank purchased a new position in NVIDIA in the fourth quarter valued at about $43,515,504,000. Finally, Northern Trust Corp raised its holdings in 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 purchasing an additional 36,266,817 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.

Wall Street Analyst Weigh In

NVDA has been the topic of a number of recent analyst reports. Seaport Res Ptn upgraded shares of NVIDIA to a "strong sell" rating in a report on Wednesday, April 30th. Hsbc Global Res downgraded shares of NVIDIA from a "strong-buy" rating to a "hold" rating in a research note on Thursday, April 3rd. Mizuho lifted their price target on shares of NVIDIA from $170.00 to $185.00 and gave the stock an "outperform" rating in a report on Thursday. Oppenheimer reiterated an "outperform" rating and set a $175.00 price objective on shares of NVIDIA in a report on Monday, June 16th. Finally, Piper Sandler reissued an "overweight" rating and issued a $180.00 price objective (up previously from $150.00) on shares of NVIDIA in a research report on Wednesday, May 28th. One investment 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 issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $176.19.

Insider Buying and Selling at NVIDIA

In other news, CEO Jen Hsun Huang sold 75,000 shares of the firm's stock in a transaction 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 completion of the transaction, the chief executive officer directly owned 75,323,225 shares in the company, valued at $11,865,667,634.25. This trade represents a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director A Brooke Seawell sold 51,740 shares of the business's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $154.62, for a total value of $8,000,038.80. Following the completion of the sale, the director owned 1,576,709 shares in the company, valued at $243,790,745.58. This represents a 3.18% decrease in their position. 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. 4.17% of the stock is owned by company insiders.

NVIDIA Trading Up 1.5%

NASDAQ:NVDA traded up $2.41 on Thursday, reaching $159.66. The company's stock had a trading volume of 74,310,144 shares, compared to its average volume of 267,687,954. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $160.93. The stock has a 50 day moving average price of $134.36 and a 200 day moving average price of $127.45. The firm has a market cap of $3.90 trillion, a price-to-earnings ratio of 51.51, a price-to-earnings-growth ratio of 1.36 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 posted 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). NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The company had revenue of $44.06 billion during the quarter, compared to analyst estimates of $43.09 billion. During the same period in the previous year, the company earned $0.61 EPS. The company's quarterly revenue was up 69.2% compared to the same quarter last year. On average, equities analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

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

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.