NVIDIA Corporation (NASDAQ:NVDA) Shares Bought by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA raised its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 14.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,267,678 shares of the computer hardware maker's stock after purchasing an additional 159,644 shares during the period. NVIDIA accounts for 3.1% of Union Bancaire Privee UBP SA's portfolio, making the stock its 7th largest holding. Union Bancaire Privee UBP SA's holdings in NVIDIA were worth $134,660,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Hickory Point Bank & Trust acquired a new stake in NVIDIA in the 4th quarter valued at approximately $2,272,000. BTC Capital Management Inc. boosted its position in shares of NVIDIA by 2.3% in the first quarter. BTC Capital Management Inc. now owns 330,176 shares of the computer hardware maker's stock valued at $35,785,000 after acquiring an additional 7,476 shares during the period. Capital Performance Advisors LLP grew its stake in shares of NVIDIA by 59.3% in the fourth quarter. Capital Performance Advisors LLP now owns 26,700 shares of the computer hardware maker's stock worth $3,586,000 after acquiring an additional 9,944 shares during the last quarter. Waddell & Associates LLC increased its position in NVIDIA by 1.2% during the fourth quarter. Waddell & Associates LLC now owns 24,124 shares of the computer hardware maker's stock worth $3,240,000 after acquiring an additional 297 shares during the period. Finally, Strategy Asset Managers LLC increased its position in NVIDIA by 0.8% during the fourth quarter. Strategy Asset Managers LLC now owns 52,307 shares of the computer hardware maker's stock worth $7,024,000 after acquiring an additional 405 shares during the period. Institutional investors own 65.27% of the company's stock.

Analyst Upgrades and Downgrades

NVDA has been the subject of a number of research reports. Stifel Nicolaus set a $180.00 price target on shares of NVIDIA in a report on Wednesday, March 19th. Susquehanna reissued a "positive" rating and set a $180.00 target price on shares of NVIDIA in a research report on Wednesday, March 19th. Truist Financial boosted their price target on NVIDIA from $205.00 to $210.00 and gave the company a "buy" rating in a research note on Thursday, May 29th. Arete Research upgraded NVIDIA to a "strong-buy" rating in a research report on Wednesday, May 21st. Finally, HSBC lowered NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 price objective on the stock. in a report on Thursday, April 3rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-four have assigned a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $175.78.

Insider Activity at NVIDIA

In other news, Director Tench Coxe sold 1,000,000 shares of the business's stock in a transaction on Monday, June 9th. The stock was sold at an average price of $142.80, for a total transaction of $142,800,000.00. Following the completion of the sale, the director now owns 26,671,360 shares in the company, valued at $3,808,670,208. The trade was a 3.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director A Brooke Seawell sold 55,282 shares of the company's stock in a transaction on Friday, June 20th. The shares were sold at an average price of $144.71, for a total value of $7,999,858.22. Following the transaction, the director now directly owns 1,944,718 shares in the company, valued at $281,420,141.78. This trade represents a 2.76% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,468,863 shares of company stock valued at $495,150,332 over the last quarter. Corporate insiders own 4.17% of the company's stock.

NVIDIA Stock Performance

Shares of NASDAQ:NVDA opened at $155.02 on Friday. The business has a fifty day moving average of $129.83 and a 200-day moving average of $126.89. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.96 and a current ratio of 3.39. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $156.72. The firm has a market cap of $3.78 trillion, a PE ratio of 50.01, a price-to-earnings-growth ratio of 1.36 and a beta of 2.12.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 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 company had revenue of $44.06 billion for the quarter, compared to the consensus estimate of $43.09 billion. During the same period in the prior year, the company earned $0.61 EPS. The firm's revenue was up 69.2% compared to the same quarter last year. On average, equities research analysts predict that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

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. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. NVIDIA's dividend payout ratio (DPR) is currently 1.29%.

NVIDIA 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.

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