Plimoth Trust Co. LLC Boosts Position in NVIDIA Corporation (NASDAQ:NVDA)

Plimoth Trust Co. LLC increased its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 12.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 133,436 shares of the computer hardware maker's stock after buying an additional 14,936 shares during the quarter. NVIDIA comprises approximately 3.8% of Plimoth Trust Co. LLC's holdings, making the stock its 3rd largest holding. Plimoth Trust Co. LLC's holdings in NVIDIA were worth $14,462,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Norges Bank purchased a new stake in NVIDIA in the 4th quarter worth approximately $43,515,504,000. GAMMA Investing LLC lifted its position in shares of NVIDIA by 12,173.2% during the 1st quarter. GAMMA Investing LLC now owns 48,837,781 shares of the computer hardware maker's stock valued at $5,293,039,000 after buying an additional 48,439,859 shares in the last quarter. Northern Trust Corp lifted its position in shares of NVIDIA by 15.8% during the 4th quarter. Northern Trust Corp now owns 266,454,194 shares of the computer hardware maker's stock valued at $35,782,134,000 after buying an additional 36,266,817 shares in the last quarter. Proficio Capital Partners LLC boosted its stake in NVIDIA by 14,641.2% during the 4th quarter. Proficio Capital Partners LLC now owns 34,676,316 shares of the computer hardware maker's stock worth $4,656,682,000 after purchasing an additional 34,441,082 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its position in shares of NVIDIA by 204.6% during the 1st quarter. Assenagon Asset Management S.A. now owns 35,652,571 shares of the computer hardware maker's stock valued at $3,864,026,000 after acquiring an additional 23,948,733 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director A Brooke Seawell sold 50,514 shares of the business's stock in a transaction on Monday, July 7th. The shares were sold at an average price of $158.37, for a total transaction of $7,999,902.18. Following the completion of the sale, the director owned 1,974,784 shares in the company, valued at approximately $312,746,542.08. The trade was a 2.49% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of the company's stock in a transaction on Monday, July 7th. The stock was sold at an average price of $158.35, for a total transaction of $11,876,250.00. Following the completion of the sale, the chief executive officer owned 75,023,225 shares of the company's stock, valued at approximately $11,879,927,678.75. The trade was a 0.10% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,296,844 shares of company stock valued at $624,019,677 in the last quarter. 4.17% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Stifel Nicolaus set a $180.00 price objective on shares of NVIDIA in a report on Wednesday, March 19th. Cantor Fitzgerald reissued an "overweight" rating and set a $200.00 price objective on shares of NVIDIA in a research report on Wednesday, April 16th. Susquehanna reissued a "positive" rating and set a $180.00 price objective on shares of NVIDIA in a research report on Wednesday, March 19th. Needham & Company LLC reaffirmed a "buy" rating and issued a $160.00 price target on shares of NVIDIA in a report on Thursday, May 29th. Finally, TD Cowen upped their price target on NVIDIA from $140.00 to $175.00 and gave the company a "buy" rating in a report on Thursday, May 29th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, thirty-four have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $176.47.

NVIDIA Price Performance

Shares of NVDA traded up $1.15 during mid-day trading on Tuesday, reaching $159.39. The company had a trading volume of 20,862,588 shares, compared to its average volume of 266,889,734. The company's 50 day simple moving average is $137.37 and its 200 day simple moving average is $127.97. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $160.98. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.96 and a current ratio of 3.39. The company has a market capitalization of $3.89 trillion, a price-to-earnings ratio of 51.39, a P/E/G ratio of 1.41 and a beta of 2.13.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings data 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). The business had revenue of $44.06 billion during the quarter, compared to the consensus estimate of $43.09 billion. NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The firm's quarterly revenue was up 69.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.61 EPS. Analysts expect that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th were paid a $0.01 dividend. The ex-dividend date of this dividend was Wednesday, June 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. NVIDIA's dividend payout ratio is currently 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.