First National Bank of Mount Dora Trust Investment Services Increases Stake in NVIDIA Corporation (NASDAQ:NVDA)

First National Bank of Mount Dora Trust Investment Services raised its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 11.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 133,041 shares of the computer hardware maker's stock after acquiring an additional 13,310 shares during the period. NVIDIA makes up 3.5% of First National Bank of Mount Dora Trust Investment Services' investment portfolio, making the stock its 2nd biggest holding. First National Bank of Mount Dora Trust Investment Services' holdings in NVIDIA were worth $14,419,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of NVDA. Tacita Capital Inc acquired a new stake in shares of NVIDIA in the fourth quarter valued at approximately $28,000. Vision Financial Markets LLC acquired a new position in NVIDIA in the fourth quarter valued at $38,000. Luken Investment Analytics LLC purchased a new position in shares of NVIDIA during the 4th quarter worth about $40,000. Copia Wealth Management purchased a new stake in shares of NVIDIA during the 4th quarter valued at $50,000. Finally, Bruce G. Allen Investments LLC grew its position in NVIDIA by 198.2% during the first quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock valued at $53,000 after acquiring an additional 327 shares during the period. Hedge funds and other institutional investors own 65.27% of the company's stock.

Insider Buying and Selling at NVIDIA

In related news, Director A Brooke Seawell sold 54,467 shares of the business's stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $146.88, for a total transaction of $8,000,112.96. Following the transaction, the director now directly owns 1,834,570 shares in the company, valued at approximately $269,461,641.60. The trade was a 2.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jen Hsun Huang sold 50,000 shares of the stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $144.26, for a total transaction of $7,213,000.00. Following the completion of the transaction, the chief executive officer now directly owns 75,723,225 shares in the company, valued at approximately $10,923,832,438.50. This represents a 0.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,468,863 shares of company stock worth $495,150,332. Insiders own 4.17% of the company's stock.

NVIDIA Stock Up 1.8%

NVIDIA stock traded up $2.73 during trading hours on Friday, hitting $157.75. The company had a trading volume of 251,143,372 shares, compared to its average volume of 269,266,292. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $158.68. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.39 and a quick ratio of 2.96. The firm has a market capitalization of $3.85 trillion, a P/E ratio of 50.89, a price-to-earnings-growth ratio of 1.36 and a beta of 2.12. The firm's fifty day moving average is $129.83 and its 200-day moving average is $126.89.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). The firm had revenue of $44.06 billion during the quarter, compared to analyst estimates of $43.09 billion. NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. During the same quarter in the previous year, the business posted $0.61 earnings per share. The business's quarterly revenue was up 69.2% compared to the same quarter last year. On average, research analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

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

Wall Street Analyst Weigh In

NVDA has been the subject of several analyst reports. Citigroup reaffirmed a "buy" rating and issued a $180.00 target price (up previously from $150.00) on shares of NVIDIA in a research report on Thursday, May 29th. Summit Insights upgraded NVIDIA from a "hold" rating to a "buy" rating in a research note on Thursday, May 29th. Susquehanna reissued a "positive" rating and set a $180.00 target price on shares of NVIDIA in a report on Wednesday, March 19th. Seaport Res Ptn upgraded NVIDIA to a "strong sell" rating in a research report on Wednesday, April 30th. Finally, DZ Bank upgraded shares of NVIDIA from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 28th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-four have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, NVIDIA currently has a consensus rating of "Moderate Buy" and an average target price of $175.78.

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.