AAFMAA Wealth Management & Trust LLC increased its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 14.3% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 36,274 shares of the computer hardware maker's stock after purchasing an additional 4,526 shares during the period. NVIDIA makes up approximately 1.8% of AAFMAA Wealth Management & Trust LLC's investment portfolio, making the stock its 8th largest position. AAFMAA Wealth Management & Trust LLC's holdings in NVIDIA were worth $3,931,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in NVDA. Gateway Investment Advisers LLC grew its position in NVIDIA by 2.0% in the 1st quarter. Gateway Investment Advisers LLC now owns 4,599,046 shares of the computer hardware maker's stock valued at $498,445,000 after acquiring an additional 88,307 shares in the last quarter. GGM Financials LLC lifted its position in shares of NVIDIA by 12.4% during the first quarter. GGM Financials LLC now owns 12,503 shares of the computer hardware maker's stock worth $1,355,000 after purchasing an additional 1,383 shares in the last quarter. DKM Wealth Management Inc. boosted its stake in shares of NVIDIA by 2.9% in the first quarter. DKM Wealth Management Inc. now owns 4,595 shares of the computer hardware maker's stock valued at $498,000 after purchasing an additional 129 shares during the period. Seneca House Advisors grew its holdings in shares of NVIDIA by 4.6% in the first quarter. Seneca House Advisors now owns 2,255 shares of the computer hardware maker's stock valued at $244,000 after purchasing an additional 100 shares in the last quarter. Finally, Independence Bank of Kentucky grew its holdings in shares of NVIDIA by 34.1% in the first quarter. Independence Bank of Kentucky now owns 128,306 shares of the computer hardware maker's stock valued at $13,906,000 after purchasing an additional 32,624 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.
NVIDIA Trading Up 0.9%
NASDAQ:NVDA opened at $145.48 on Friday. The company has a market capitalization of $3.55 trillion, a PE ratio of 46.93, a P/E/G ratio of 1.28 and a beta of 2.12. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $153.13. The stock's 50 day moving average price is $125.72 and its 200 day moving average price is $126.66. 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 (NASDAQ:NVDA - Get Free Report) last announced its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The business had revenue of $44.06 billion for the quarter, compared to analysts' expectations of $43.09 billion. During the same quarter last year, the business posted $0.61 earnings per share. The business's revenue was up 69.2% on a year-over-year basis. On average, research analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current year.
NVIDIA Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th will be issued a $0.01 dividend. The ex-dividend date is Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. NVIDIA's payout ratio is 1.29%.
Insider Transactions at NVIDIA
In other NVIDIA news, Director Robert K. Burgess sold 50,000 shares of the company's stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $134.82, for a total transaction of $6,741,000.00. Following the completion of the sale, the director now directly owns 201,044 shares of the company's stock, valued at $27,104,752.08. This represents a 19.92% decrease in their position. 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 125,836 shares of the stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $137.79, for a total value of $17,338,942.44. Following the sale, the director now directly owns 10,149,697 shares of the company's stock, valued at $1,398,526,749.63. The trade was a 1.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,469,685 shares of company stock worth $349,669,962. Company insiders own 4.17% of the company's stock.
Wall Street Analyst Weigh In
NVDA has been the topic of a number of research reports. Citigroup reiterated a "buy" rating and set a $180.00 target price (up from $150.00) on shares of NVIDIA in a report on Thursday, May 29th. Arete Research upgraded NVIDIA to a "strong-buy" rating in a research note on Wednesday, May 21st. HSBC lowered NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 target price for the company. in a report on Thursday, April 3rd. Stifel Nicolaus set a $180.00 price target on NVIDIA in a report on Wednesday, March 19th. Finally, UBS Group reaffirmed a "buy" rating on shares of NVIDIA in a research report on Friday, May 23rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-five have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, NVIDIA currently has an average rating of "Moderate Buy" and an average target price of $173.05.
Get Our Latest Stock Analysis on NVIDIA
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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