Trust Co. of Oklahoma raised its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 51.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 16,775 shares of the computer hardware maker's stock after purchasing an additional 5,703 shares during the quarter. Trust Co. of Oklahoma's holdings in NVIDIA were worth $1,818,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Hickory Point Bank & Trust purchased a new position in NVIDIA during the fourth quarter valued at $2,272,000. BTC Capital Management Inc. lifted its stake in NVIDIA by 2.3% in the 1st quarter. BTC Capital Management Inc. now owns 330,176 shares of the computer hardware maker's stock valued at $35,785,000 after buying an additional 7,476 shares in the last quarter. Capital Performance Advisors LLP boosted its holdings in NVIDIA by 59.3% in the 4th quarter. Capital Performance Advisors LLP now owns 26,700 shares of the computer hardware maker's stock worth $3,586,000 after buying an additional 9,944 shares during the last quarter. Waddell & Associates LLC increased its stake in NVIDIA by 1.2% during the 4th quarter. Waddell & Associates LLC now owns 24,124 shares of the computer hardware maker's stock worth $3,240,000 after buying an additional 297 shares in the last quarter. Finally, Strategy Asset Managers LLC raised its holdings in shares of NVIDIA by 0.8% during the fourth quarter. Strategy Asset Managers LLC now owns 52,307 shares of the computer hardware maker's stock valued at $7,024,000 after acquiring an additional 405 shares during the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
NVDA has been the topic of a number of research analyst reports. TD Cowen lifted their price target on NVIDIA from $140.00 to $175.00 and gave the stock a "buy" rating in a research note on Thursday, May 29th. Needham & Company LLC reaffirmed a "buy" rating and set a $160.00 price objective on shares of NVIDIA in a research note on Thursday, May 29th. Tigress Financial reissued a "buy" rating on shares of NVIDIA in a research note on Wednesday, February 26th. DA Davidson increased their price target on NVIDIA from $120.00 to $135.00 and gave the company a "neutral" rating in a report on Thursday, May 29th. Finally, Summit Insights upgraded NVIDIA from a "hold" rating to a "buy" rating in a report on Thursday, May 29th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-five have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $173.05.
Check Out Our Latest Stock Analysis on NVDA
Insider Transactions at NVIDIA
In other news, Director A Brooke Seawell sold 54,467 shares of the stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $146.88, for a total value of $8,000,112.96. Following the completion of the transaction, the director now owns 1,834,570 shares in the company, valued at $269,461,641.60. This trade represents a 2.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robert K. Burgess sold 50,000 shares of the firm's stock in a transaction dated Friday, May 30th. The shares were 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 owns 201,044 shares of the company's stock, valued at $27,104,752.08. This trade represents a 19.92% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,393,863 shares of company stock worth $483,709,832. Company insiders own 4.17% of the company's stock.
NVIDIA Stock Performance
Shares of NVDA traded up $3.73 during mid-day trading on Tuesday, reaching $147.90. 187,010,174 shares of the company's stock were exchanged, compared to its average volume of 270,622,127. The business's fifty day simple moving average is $127.76 and its 200-day simple moving average is $126.59. The stock has a market capitalization of $3.61 trillion, a PE ratio of 47.71, a price-to-earnings-growth ratio of 1.27 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 company has a debt-to-equity ratio of 0.10, a current ratio of 3.39 and a quick ratio of 2.96.
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 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 business had revenue of $44.06 billion for the quarter, compared to analysts' expectations of $43.09 billion. During the same period in the previous year, the business posted $0.61 earnings per share. The company's revenue for the quarter was up 69.2% on a year-over-year basis. On average, equities research analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current year.
NVIDIA Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th will be paid 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 is Wednesday, June 11th. NVIDIA's dividend payout ratio (DPR) is presently 1.29%.
About NVIDIA
(
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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