NVIDIA Co. (NASDAQ:NVDA) Shares Bought by BTC Capital Management Inc.

BTC Capital Management Inc. boosted its position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 2.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 330,176 shares of the computer hardware maker's stock after purchasing an additional 7,476 shares during the quarter. NVIDIA accounts for about 3.3% of BTC Capital Management Inc.'s investment portfolio, making the stock its 5th biggest holding. BTC Capital Management Inc.'s holdings in NVIDIA were worth $35,785,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Tacita Capital Inc acquired a new position in NVIDIA in the fourth quarter valued at about $28,000. Vision Financial Markets LLC bought a new position in NVIDIA in the fourth quarter valued at approximately $38,000. Luken Investment Analytics LLC acquired a new position in shares of NVIDIA in the fourth quarter valued at approximately $40,000. Copia Wealth Management bought a new stake in shares of NVIDIA during the fourth quarter worth $50,000. Finally, LSV Asset Management acquired a new stake in shares of NVIDIA during the fourth quarter worth $54,000. Institutional investors own 65.27% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Rosenblatt Securities upped their target price 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. KeyCorp set a $190.00 price objective on NVIDIA in a research report on Wednesday, March 19th. DZ Bank raised NVIDIA from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 28th. William Blair restated an "outperform" rating on shares of NVIDIA in a research note on Thursday, March 20th. Finally, Bank of America boosted their price objective on shares of NVIDIA from $150.00 to $160.00 and gave the stock a "buy" rating in a research report on Wednesday, May 14th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-six have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $171.66.

Insider Buying and Selling

In related news, Director Mark A. Stevens sold 935,000 shares of NVIDIA stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $140.92, for a total transaction of $131,760,200.00. Following the sale, the director now directly owns 9,214,697 shares in the company, valued at $1,298,535,101.24. This trade represents a 9.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of NVIDIA stock in a transaction on Friday, March 21st. The stock was sold at an average price of $116.80, for a total transaction of $525,600.00. Following the transaction, the insider now owns 479,428 shares in the company, valued at approximately $55,997,190.40. This trade represents a 0.93% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,255,320 shares of company stock worth $172,680,419 in the last three months. 4.17% of the stock is owned by corporate insiders.

NVIDIA Price Performance

NVDA traded up $1.33 on Tuesday, hitting $143.96. 154,969,369 shares of the stock were exchanged, compared to its average volume of 273,132,656. The business has a 50-day moving average of $119.10 and a two-hundred day moving average of $126.11. The firm has a market capitalization of $3.51 trillion, a price-to-earnings ratio of 56.65, a PEG ratio of 1.76 and a beta of 2.12. 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 Co. has a 12 month low of $86.62 and a 12 month high of $153.13.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced 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). The firm had revenue of $44.06 billion for the quarter, compared to analyst estimates of $43.09 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The firm's revenue for the quarter was up 69.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.61 earnings per share. Sell-side analysts forecast that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

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