Quilter Plc Has $226.66 Million Stock Holdings in NVIDIA Corporation (NASDAQ:NVDA)

Quilter Plc increased its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 19.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,091,332 shares of the computer hardware maker's stock after buying an additional 342,716 shares during the period. NVIDIA accounts for about 4.7% of Quilter Plc's portfolio, making the stock its 5th largest position. Quilter Plc's holdings in NVIDIA were worth $226,659,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently added to or reduced their stakes in NVDA. Madison Park Capital Advisors LLC boosted its holdings in shares of NVIDIA by 9.8% in the 1st quarter. Madison Park Capital Advisors LLC now owns 4,436 shares of the computer hardware maker's stock valued at $481,000 after buying an additional 396 shares in the last quarter. Border to Coast Pensions Partnership Ltd boosted its holdings in shares of NVIDIA by 5.1% in the 1st quarter. Border to Coast Pensions Partnership Ltd now owns 2,422,011 shares of the computer hardware maker's stock valued at $262,498,000 after buying an additional 116,974 shares in the last quarter. Legacy CG LLC boosted its holdings in shares of NVIDIA by 7.6% in the 1st quarter. Legacy CG LLC now owns 48,236 shares of the computer hardware maker's stock valued at $5,228,000 after buying an additional 3,412 shares in the last quarter. Canvas Wealth Advisors LLC boosted its stake in NVIDIA by 52.2% in the 1st quarter. Canvas Wealth Advisors LLC now owns 120,365 shares of the computer hardware maker's stock worth $11,903,000 after purchasing an additional 41,298 shares in the last quarter. Finally, Bartlett & CO. Wealth Management LLC boosted its stake in NVIDIA by 22.9% in the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 1,022,393 shares of the computer hardware maker's stock worth $110,817,000 after purchasing an additional 190,371 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.

NVIDIA Stock Down 1.8%

NVDA traded down $3.08 during trading on Tuesday, hitting $168.30. 133,105,146 shares of the company's stock were exchanged, compared to its average volume of 262,897,397. The business's 50 day moving average is $146.99 and its two-hundred day moving average is $129.81. The stock has a market cap of $4.11 trillion, a P/E ratio of 54.21, a PEG ratio of 1.52 and a beta of 2.13. The company has a quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $174.25.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its 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). NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The firm had revenue of $44.06 billion during the quarter, compared to analysts' expectations of $43.09 billion. During the same period in the previous year, the firm earned $0.61 earnings per share. The firm's quarterly revenue was up 69.2% compared to the same quarter last year. As a group, equities analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th were paid a dividend of $0.01 per share. The ex-dividend date was Wednesday, June 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.02%. NVIDIA's dividend payout ratio is currently 1.29%.

Wall Street Analyst Weigh In

A number of analysts recently commented on NVDA shares. Piper Sandler reiterated an "overweight" rating and issued a $180.00 target price (up from $150.00) on shares of NVIDIA in a research note on Wednesday, May 28th. Needham & Company LLC lifted their price objective on shares of NVIDIA from $160.00 to $200.00 and gave the company a "buy" rating in a research note on Wednesday, July 16th. Benchmark restated a "buy" rating and set a $190.00 price objective on shares of NVIDIA in a research note on Thursday, May 29th. Barclays lifted their target price on shares of NVIDIA from $170.00 to $200.00 and gave the company an "overweight" rating in a report on Tuesday, June 17th. Finally, Wedbush reissued an "outperform" rating on shares of NVIDIA in a report on Thursday, May 29th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-three have issued a buy rating and four have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $181.22.

Insider Buying and Selling

In related news, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $152.54, for a total transaction of $11,440,500.00. Following the completion of the sale, the chief executive officer owned 75,548,225 shares of the company's stock, valued at $11,524,126,241.50. The trade was a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Ajay K. Puri sold 168,195 shares of the business's stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $152.64, for a total value of $25,673,284.80. Following the completion of the sale, the executive vice president owned 4,018,547 shares of the company's stock, valued at $613,391,014.08. This trade represents a 4.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 4,964,800 shares of company stock worth $734,906,003 over the last ninety days. 4.17% of the stock is currently owned by company insiders.

About NVIDIA

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.