NVIDIA Co. (NASDAQ:NVDA) Holdings Lifted by JTC Employer Solutions Trustee Ltd

JTC Employer Solutions Trustee Ltd raised its stake in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 200.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 362,128 shares of the computer hardware maker's stock after purchasing an additional 241,791 shares during the period. NVIDIA comprises 3.2% of JTC Employer Solutions Trustee Ltd's investment portfolio, making the stock its 6th biggest position. JTC Employer Solutions Trustee Ltd's holdings in NVIDIA were worth $39,387,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in NVDA. Czech National Bank raised its holdings in NVIDIA by 5.8% in the first quarter. Czech National Bank now owns 5,625,493 shares of the computer hardware maker's stock valued at $609,691,000 after acquiring an additional 308,653 shares in the last quarter. Hoffman Alan N Investment Management raised its holdings in shares of NVIDIA by 3.3% in the 1st quarter. Hoffman Alan N Investment Management now owns 11,156 shares of the computer hardware maker's stock valued at $1,209,000 after purchasing an additional 356 shares in the last quarter. JGP Wealth Management LLC raised its holdings in shares of NVIDIA by 4.2% in the 1st quarter. JGP Wealth Management LLC now owns 39,788 shares of the computer hardware maker's stock valued at $4,312,000 after purchasing an additional 1,590 shares in the last quarter. Bond & Devick Financial Network Inc. lifted its position in shares of NVIDIA by 9.7% during the 1st quarter. Bond & Devick Financial Network Inc. now owns 5,372 shares of the computer hardware maker's stock worth $582,000 after purchasing an additional 475 shares during the last quarter. Finally, 180 Wealth Advisors LLC grew its stake in shares of NVIDIA by 0.4% during the first quarter. 180 Wealth Advisors LLC now owns 197,822 shares of the computer hardware maker's stock worth $21,440,000 after purchasing an additional 735 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.

NVIDIA Stock Performance

NASDAQ NVDA traded up $2.17 on Thursday, hitting $145.00. 161,506,082 shares of the company's stock were exchanged, compared to its average volume of 276,827,751. The firm has a market cap of $3.54 trillion, a price-to-earnings ratio of 57.06, a P/E/G ratio of 1.76 and a beta of 2.12. The firm's 50-day moving average price is $120.91 and its two-hundred day moving average price is $126.34. NVIDIA Co. has a fifty-two week low of $86.62 and a fifty-two week high of $153.13. 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 (NASDAQ:NVDA - Get Free Report) last posted 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). The business had revenue of $44.06 billion during the quarter, compared to analysts' expectations of $43.09 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The firm's quarterly revenue was up 69.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.61 earnings per share. On average, research analysts expect that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on NVDA. Arete Research raised NVIDIA to a "strong-buy" rating in a report on Wednesday, May 21st. Summit Insights upgraded NVIDIA from a "hold" rating to a "buy" rating in a research note on Thursday, May 29th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $200.00 price target on shares of NVIDIA in a research note on Wednesday, April 16th. KeyCorp set a $190.00 price objective on shares of NVIDIA in a research report on Wednesday, March 19th. Finally, Stifel Nicolaus set a $180.00 target price on shares of NVIDIA in a research report on Wednesday, March 19th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-five have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $172.24.

Insider Activity

In other NVIDIA news, Director Aarti S. Shah sold 20,000 shares of the stock in a transaction dated Thursday, March 20th. The shares were 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 directly owns 53,208 shares of the company's stock, valued at approximately $6,300,891.36. This trade represents a 27.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Tench Coxe sold 1,000,000 shares of NVIDIA stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $142.80, for a total transaction of $142,800,000.00. Following the sale, the director now owns 26,671,360 shares of the company's stock, valued at approximately $3,808,670,208. The trade was a 3.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,560,845 shares of company stock worth $360,351,849 in the last 90 days. 4.17% of the stock is currently owned by corporate insiders.

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.