First Hawaiian Bank Cuts Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

First Hawaiian Bank cut its holdings in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 9.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 157,150 shares of the computer hardware maker's stock after selling 16,764 shares during the quarter. NVIDIA comprises 1.0% of First Hawaiian Bank's holdings, making the stock its 23rd biggest position. First Hawaiian Bank's holdings in NVIDIA were worth $17,032,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Tacita Capital Inc acquired a new position in NVIDIA during the fourth quarter worth $28,000. Vision Financial Markets LLC bought a new stake in NVIDIA during the 4th quarter worth about $38,000. Luken Investment Analytics LLC acquired a new position in shares of NVIDIA during the 4th quarter worth about $40,000. Copia Wealth Management bought a new position in shares of NVIDIA in the 4th quarter valued at about $50,000. Finally, LSV Asset Management acquired a new stake in shares of NVIDIA in the fourth quarter valued at about $54,000. 65.27% of the stock is currently owned by institutional investors and hedge funds.

NVIDIA Stock Performance

Shares of NVIDIA stock traded up $2.17 during trading hours on Thursday, hitting $145.00. 161,141,087 shares of the company's stock traded hands, compared to its average volume of 276,913,809. The stock has a market capitalization of $3.54 trillion, a price-to-earnings ratio of 57.06, a PEG 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. The company has a fifty day simple moving average of $120.91 and a 200-day simple moving average of $126.34.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly 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 company 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 was up 69.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.61 earnings per share. Equities research analysts anticipate that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The firm 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 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%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on NVDA shares. Benchmark reaffirmed a "buy" rating and set a $190.00 price target on shares of NVIDIA in a research report on Thursday, May 29th. Cantor Fitzgerald reissued an "overweight" rating and issued a $200.00 target price on shares of NVIDIA in a research note on Wednesday, April 16th. Raymond James upped their price target 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. Rosenblatt Securities increased their price target on shares of NVIDIA from $178.00 to $200.00 and gave the company a "buy" rating in a research note on Thursday, May 29th. Finally, Summit Insights upgraded shares of NVIDIA from a "hold" rating to a "buy" rating in a research note on Thursday, May 29th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, thirty-five have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, NVIDIA has an average rating of "Moderate Buy" and an average price target of $172.24.

Insider Transactions at NVIDIA

In other news, Director Aarti S. Shah sold 20,000 shares of NVIDIA stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $118.42, for a total value of $2,368,400.00. Following the completion of the transaction, the director now owns 53,208 shares of the company's stock, valued at $6,300,891.36. The trade was a 27.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the company's stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $116.80, for a total value of $525,600.00. Following the completion of the transaction, the insider now directly owns 479,428 shares in the company, valued at $55,997,190.40. This trade represents a 0.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,560,845 shares of company stock worth $360,351,849. Company insiders own 4.17% of the company's stock.

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.