MassMutual Private Wealth & Trust FSB Decreases Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

MassMutual Private Wealth & Trust FSB reduced its holdings in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 0.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,134,741 shares of the computer hardware maker's stock after selling 2,603 shares during the quarter. NVIDIA accounts for 3.6% of MassMutual Private Wealth & Trust FSB's portfolio, making the stock its 4th largest position. MassMutual Private Wealth & Trust FSB's holdings in NVIDIA were worth $122,983,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Regent Peak Wealth Advisors LLC boosted its holdings in shares of NVIDIA by 0.4% in the fourth quarter. Regent Peak Wealth Advisors LLC now owns 81,833 shares of the computer hardware maker's stock valued at $10,989,000 after acquiring an additional 322 shares in the last quarter. Wealth Group Ltd. raised its holdings in NVIDIA by 1.8% during the fourth quarter. Wealth Group Ltd. now owns 5,702 shares of the computer hardware maker's stock worth $766,000 after purchasing an additional 100 shares in the last quarter. Tallon Kerry Patrick acquired a new stake in NVIDIA in the fourth quarter worth approximately $972,000. Capital & Planning LLC boosted its stake in NVIDIA by 16.9% during the 4th quarter. Capital & Planning LLC now owns 7,604 shares of the computer hardware maker's stock valued at $1,021,000 after purchasing an additional 1,099 shares in the last quarter. Finally, Financial Management Professionals Inc. boosted its stake in NVIDIA by 10.9% during the 4th quarter. Financial Management Professionals Inc. now owns 22,950 shares of the computer hardware maker's stock valued at $3,082,000 after purchasing an additional 2,261 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at NVIDIA

In other news, Director John Dabiri sold 2,663 shares of the firm's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $110.00, for a total value of $292,930.00. Following the completion of the transaction, the director now directly owns 17,279 shares of the company's stock, valued at $1,900,690. This trade represents a 13.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mark A. Stevens sold 935,000 shares of the business's stock in a transaction 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 sale, the director now owns 9,214,697 shares in the company, valued at approximately $1,298,535,101.24. The trade was a 9.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,257,983 shares of company stock valued at $172,973,349 in the last 90 days. 4.17% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on NVDA shares. Rosenblatt Securities lifted their price objective on shares of NVIDIA from $178.00 to $200.00 and gave the stock a "buy" rating in a research note on Thursday, May 29th. Piper Sandler restated an "overweight" rating and set a $180.00 target price (up from $150.00) on shares of NVIDIA in a report on Wednesday, May 28th. Seaport Res Ptn upgraded shares of NVIDIA to a "strong sell" rating in a research report on Wednesday, April 30th. Bank of America increased their price objective on NVIDIA from $150.00 to $160.00 and gave the company a "buy" rating in a research report on Wednesday, May 14th. Finally, DZ Bank raised NVIDIA from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 28th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-six have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $171.66.

NVIDIA Stock Performance

NVDA traded up $1.73 during trading hours on Friday, hitting $141.72. The stock had a trading volume of 153,523,162 shares, compared to its average volume of 278,603,184. NVIDIA Co. has a 1 year low of $86.62 and a 1 year high of $195.95. The company's fifty day simple moving average is $118.45 and its 200 day simple moving average is $126.24. The stock has a market cap of $3.46 trillion, a PE ratio of 55.77, a price-to-earnings-growth ratio of 1.76 and a beta of 2.12. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13.

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 for the quarter, missing the consensus estimate of $0.87 by ($0.06). NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The business had revenue of $44.06 billion during the quarter, compared to analysts' expectations of $43.09 billion. During the same quarter in the previous year, the business earned $0.61 EPS. NVIDIA's revenue for the quarter was up 69.2% on a year-over-year basis. Equities analysts anticipate that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th will be paid a $0.01 dividend. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. NVIDIA's dividend 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.