Johnson Investment Counsel Inc. Has $38.54 Million Position in NVIDIA Corporation (NASDAQ:NVDA)

Johnson Investment Counsel Inc. lifted its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 9.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 355,567 shares of the computer hardware maker's stock after acquiring an additional 29,746 shares during the quarter. Johnson Investment Counsel Inc.'s holdings in NVIDIA were worth $38,536,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of NVDA. FMR LLC raised its holdings in NVIDIA by 0.7% in 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 during the last quarter. Geode Capital Management LLC boosted its position 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 period. Price T Rowe Associates Inc. MD boosted its position in NVIDIA by 0.9% in the 4th 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 buying an additional 3,721,331 shares during the period. Norges Bank purchased a new position in NVIDIA in the 4th quarter valued at approximately $43,515,504,000. Finally, Northern Trust Corp boosted its position in NVIDIA by 15.8% in the 4th quarter. Northern Trust Corp now owns 266,454,194 shares of the computer hardware maker's stock valued at $35,782,134,000 after buying an additional 36,266,817 shares during the period. Institutional investors and hedge funds own 65.27% of the company's stock.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director Mark A. Stevens sold 935,000 shares of the firm's stock in a transaction dated 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 transaction, the director directly owned 9,214,697 shares in the company, valued at $1,298,535,101.24. This trade represents a 9.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Ajay K. Puri sold 168,195 shares of the firm's stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $152.64, for a total transaction of $25,673,284.80. Following the completion of the transaction, the executive vice president owned 4,018,547 shares of the company's stock, valued at approximately $613,391,014.08. The trade was a 4.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,044,919 shares of company stock worth $584,414,209. 4.17% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages have recently weighed in on NVDA. Arete Research upgraded shares of NVIDIA to a "strong-buy" rating in a report on Wednesday, May 21st. UBS Group reiterated a "buy" rating on shares of NVIDIA in a research note on Friday, May 23rd. Oppenheimer reissued an "outperform" rating and set a $175.00 price objective on shares of NVIDIA in a report on Monday, June 16th. Piper Sandler reissued an "overweight" rating and set a $180.00 price objective (up previously from $150.00) on shares of NVIDIA in a report on Wednesday, May 28th. Finally, Citigroup reaffirmed a "buy" rating and issued a $180.00 price target (up previously from $150.00) 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 issued a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $176.19.

NVIDIA Stock Performance

Shares of NVIDIA stock traded down $1.02 during trading hours on Monday, reaching $158.32. The company's stock had a trading volume of 40,028,174 shares, compared to its average volume of 267,459,395. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.96 and a current ratio of 3.39. NVIDIA Corporation has a one year low of $86.62 and a one year high of $160.98. The company's 50 day simple moving average is $136.38 and its 200 day simple moving average is $127.81. The stock has a market cap of $3.86 trillion, a P/E ratio of 51.12, a price-to-earnings-growth ratio of 1.41 and a beta of 2.13.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings data 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). The firm had revenue of $44.06 billion during the quarter, compared to analyst estimates of $43.09 billion. NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The firm's revenue was up 69.2% on a year-over-year basis. During the same period last year, the business earned $0.61 EPS. As a group, analysts expect 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 was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th were paid a dividend of $0.01 per share. The ex-dividend date of this dividend was Wednesday, June 11th. This represents a $0.04 annualized dividend and a yield of 0.03%. NVIDIA's payout ratio is 1.29%.

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.