American National Bank & Trust raised its holdings in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 29.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 63,858 shares of the computer hardware maker's stock after acquiring an additional 14,465 shares during the period. American National Bank & Trust's holdings in NVIDIA were worth $6,921,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in the stock. General Pension Society PZU Joint Stock Co bought a new stake in NVIDIA during the 1st quarter worth approximately $4,010,000. JTC Employer Solutions Trustee Ltd lifted its holdings in shares of NVIDIA by 200.9% during the first quarter. JTC Employer Solutions Trustee Ltd now owns 362,128 shares of the computer hardware maker's stock worth $39,387,000 after purchasing an additional 241,791 shares during the period. Czech National Bank grew its stake in shares of NVIDIA by 5.8% in the first quarter. Czech National Bank now owns 5,625,493 shares of the computer hardware maker's stock worth $609,691,000 after purchasing an additional 308,653 shares during the last quarter. Hoffman Alan N Investment Management increased its holdings in NVIDIA by 3.3% in the first 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 during the period. Finally, JGP Wealth Management LLC raised its position in NVIDIA by 4.2% during the 1st quarter. JGP Wealth Management LLC now owns 39,788 shares of the computer hardware maker's stock worth $4,312,000 after purchasing an additional 1,590 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of equities research analysts have commented on NVDA shares. William Blair reiterated an "outperform" rating on shares of NVIDIA in a research report on Thursday, March 20th. DA Davidson raised their price target on shares of NVIDIA from $120.00 to $135.00 and gave the stock a "neutral" rating in a report on Thursday, May 29th. Tigress Financial reiterated a "buy" rating on shares of NVIDIA in a research report on Wednesday, February 26th. HSBC lowered shares of NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 target price on the stock. in a report on Thursday, April 3rd. Finally, Morgan Stanley reissued an "overweight" rating and issued a $170.00 price objective (up from $160.00) on shares of NVIDIA in a research report on Thursday, May 29th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-five have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, NVIDIA presently has a consensus rating of "Moderate Buy" and an average target price of $172.24.
Get Our Latest Research Report on NVIDIA
Insider Activity at NVIDIA
In other news, 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 value of $525,600.00. Following the completion of the transaction, the insider now owns 479,428 shares in the company, valued at $55,997,190.40. This trade represents a 0.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Tench Coxe sold 1,000,000 shares of the company's 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 in the company, valued at $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. In the last three months, insiders have sold 2,560,845 shares of company stock worth $360,351,849. Company insiders own 4.17% of the company's stock.
NVIDIA Stock Performance
NVDA traded up $2.17 during midday trading on Thursday, reaching $145.00. The company had a trading volume of 161,506,082 shares, compared to its average volume of 276,827,751. The business has a 50-day moving average price of $120.91 and a two-hundred day moving average price of $126.34. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. NVIDIA Co. has a 12-month low of $86.62 and a 12-month high of $153.13. The stock has a market cap of $3.54 trillion, a PE ratio of 57.06, 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 data 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). NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The firm 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 company posted $0.61 EPS. NVIDIA's revenue for the quarter was up 69.2% on a year-over-year basis. On average, sell-side analysts expect that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.
NVIDIA Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.03%. The ex-dividend date of this dividend is Wednesday, June 11th. NVIDIA's dividend payout ratio (DPR) is currently 1.29%.
NVIDIA Company Profile
(
Free Report)
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.
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