First PREMIER Bank Sells 2,814 Shares of NVIDIA Corporation (NASDAQ:NVDA)

First PREMIER Bank lowered its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 18.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,091 shares of the computer hardware maker's stock after selling 2,814 shares during the period. First PREMIER Bank's holdings in NVIDIA were worth $1,310,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Fishman Jay A Ltd. MI grew its holdings in NVIDIA by 21.7% during the first quarter. Fishman Jay A Ltd. MI now owns 291,846 shares of the computer hardware maker's stock valued at $31,630,000 after purchasing an additional 51,948 shares during the last quarter. Union Savings Bank grew its stake in shares of NVIDIA by 5.6% in the first quarter. Union Savings Bank now owns 16,451 shares of the computer hardware maker's stock worth $1,783,000 after acquiring an additional 877 shares during the last quarter. First American Bank grew its stake in shares of NVIDIA by 0.8% in the first quarter. First American Bank now owns 374,028 shares of the computer hardware maker's stock worth $40,537,000 after acquiring an additional 3,037 shares during the last quarter. Bernardo Wealth Planning LLC boosted its stake in NVIDIA by 10.6% during the first quarter. Bernardo Wealth Planning LLC now owns 9,564 shares of the computer hardware maker's stock worth $1,037,000 after buying an additional 918 shares in the last quarter. Finally, Canton Hathaway LLC boosted its stake in NVIDIA by 248.6% during the first quarter. Canton Hathaway LLC now owns 32,313 shares of the computer hardware maker's stock worth $3,502,000 after buying an additional 23,043 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on NVDA. William Blair reiterated an "outperform" rating on shares of NVIDIA in a research note on Thursday, March 20th. Oppenheimer reissued an "outperform" rating and set a $175.00 price objective on shares of NVIDIA in a report on Monday, June 16th. KeyCorp set a $190.00 price objective on NVIDIA in a report on Wednesday, March 19th. DA Davidson lifted their price objective on NVIDIA from $120.00 to $135.00 and gave the company a "neutral" rating in a report on Thursday, May 29th. Finally, Wedbush reissued an "outperform" rating on shares of NVIDIA in a report on Thursday, May 29th. One investment 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 issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $177.03.

NVIDIA Stock Up 0.5%

Shares of NVDA traded up $0.82 on Friday, hitting $164.92. The company's stock had a trading volume of 193,205,730 shares, compared to its average volume of 266,417,627. The company has a quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10. The firm's fifty day moving average price is $140.52 and its 200-day moving average price is $128.60. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $167.84. The firm has a market capitalization of $4.02 trillion, a price-to-earnings ratio of 53.20, a P/E/G ratio of 1.44 and a beta of 2.13.

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

NVIDIA Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.02%. The ex-dividend date was Wednesday, June 11th. NVIDIA's dividend payout ratio (DPR) is currently 1.29%.

Insider Transactions at NVIDIA

In other news, Director Tench Coxe sold 1,000,000 shares of the stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $142.80, for a total value of $142,800,000.00. Following the completion of the sale, the director owned 26,671,360 shares of the company's stock, valued at approximately $3,808,670,208. This represents a 3.61% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Mark A. Stevens sold 935,000 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $140.92, for a total value of $131,760,200.00. Following the completion of the sale, the director directly owned 9,214,697 shares of the company's stock, valued at approximately $1,298,535,101.24. The trade was a 9.21% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,520,246 shares of company stock worth $660,253,045. Insiders own 4.17% of the company's stock.

NVIDIA Profile

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.