NVIDIA Co. (NASDAQ:NVDA) Stock Position Lifted by Peoples Bank KS

Peoples Bank KS lifted its stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 475.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,973 shares of the computer hardware maker's stock after purchasing an additional 3,283 shares during the quarter. Peoples Bank KS's holdings in NVIDIA were worth $431,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of NVDA. Tacita Capital Inc bought a new stake in NVIDIA during the 4th quarter valued at approximately $28,000. Vision Financial Markets LLC purchased a new position in shares of NVIDIA during the fourth quarter valued at approximately $38,000. Luken Investment Analytics LLC purchased a new position in NVIDIA in the fourth quarter worth about $40,000. Copia Wealth Management bought a new position in NVIDIA in the fourth quarter worth approximately $50,000. Finally, LSV Asset Management bought a new stake in NVIDIA during the fourth quarter valued at about $54,000. 65.27% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other NVIDIA news, Director Tench Coxe sold 1,000,000 shares of the business's stock in a transaction on Monday, June 9th. The stock was sold at an average price of $142.80, for a total transaction of $142,800,000.00. Following the transaction, 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of NVIDIA stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $116.80, for a total transaction of $525,600.00. Following the sale, the insider now owns 479,428 shares of the company's stock, valued at approximately $55,997,190.40. This represents a 0.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,560,845 shares of company stock worth $360,351,849 in the last 90 days. Insiders own 4.17% of the company's stock.

Analysts Set New Price Targets

NVDA has been the topic of several research analyst reports. Wedbush restated an "outperform" rating on shares of NVIDIA in a research report on Thursday, May 29th. Stifel Nicolaus set a $180.00 price target on shares of NVIDIA in a report on Wednesday, March 19th. Mizuho raised their price objective on shares of NVIDIA from $168.00 to $170.00 and gave the stock an "outperform" rating in a research note on Thursday, May 29th. Barclays reissued an "overweight" rating and set a $170.00 target price (up from $155.00) on shares of NVIDIA in a research note on Thursday, May 29th. Finally, Rosenblatt Securities lifted their target price on NVIDIA from $178.00 to $200.00 and gave the company a "buy" rating in a research report on Thursday, May 29th. 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. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $172.24.

NVIDIA Stock Up 1.1%

Shares of NVDA stock traded up $1.57 during trading hours on Thursday, reaching $144.40. 82,386,490 shares of the company's stock were exchanged, compared to its average volume of 276,614,343. The stock's 50 day moving average is $120.91 and its 200-day moving average 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 current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. The company has a market cap of $3.52 trillion, a price-to-earnings ratio of 56.83, a P/E/G ratio of 1.76 and a beta of 2.12.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing the consensus estimate 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%. NVIDIA's revenue for the quarter was up 69.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.61 earnings per share. Analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

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

NVIDIA Company 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.