Factory Mutual Insurance Co. Decreases Stock Position in NVIDIA Corporation (NASDAQ:NVDA)

Factory Mutual Insurance Co. trimmed its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 1.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,919,848 shares of the computer hardware maker's stock after selling 52,300 shares during the period. NVIDIA accounts for about 3.7% of Factory Mutual Insurance Co.'s holdings, making the stock its 5th biggest holding. Factory Mutual Insurance Co.'s holdings in NVIDIA were worth $316,453,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. Tacita Capital Inc acquired a new stake in NVIDIA in the fourth quarter valued at $28,000. Vision Financial Markets LLC bought a new stake in shares of NVIDIA during the 4th quarter valued at about $38,000. Copia Wealth Management acquired a new stake in shares of NVIDIA during the 4th quarter worth approximately $50,000. LSV Asset Management acquired a new stake in NVIDIA in the fourth quarter worth $54,000. Finally, Bruce G. Allen Investments LLC lifted its position in NVIDIA by 198.2% in the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock valued at $53,000 after purchasing an additional 327 shares during the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently issued reports on NVDA. Truist Financial increased their price objective on NVIDIA from $205.00 to $210.00 and gave the stock a "buy" rating in a report on Thursday, May 29th. Seaport Res Ptn upgraded shares of NVIDIA to a "strong sell" rating in a research report on Wednesday, April 30th. Summit Insights raised NVIDIA from a "hold" rating to a "buy" rating in a research report on Thursday, May 29th. UBS Group reissued a "buy" rating on shares of NVIDIA in a research report on Friday, May 23rd. Finally, Raymond James Financial increased their target price on NVIDIA from $150.00 to $165.00 and gave the company a "strong-buy" rating in a report on Thursday, May 29th. One research analyst has rated the stock with a sell rating, four have given a hold rating, thirty-four have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $175.78.

NVIDIA Stock Performance

NVDA stock traded down $4.69 during mid-day trading on Tuesday, reaching $153.30. 212,374,746 shares of the stock traded hands, compared to its average volume of 268,672,682. The firm has a market capitalization of $3.74 trillion, a PE ratio of 49.45, a P/E/G ratio of 1.40 and a beta of 2.12. The business has a 50-day moving average of $132.18 and a two-hundred day moving average of $127.06. 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 52 week low of $86.62 and a 52 week high of $158.71.

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

NVIDIA Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th will be given 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 dividend payout ratio is currently 1.29%.

Insider Transactions at NVIDIA

In other news, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $152.54, for a total value of $11,440,500.00. Following the completion of the transaction, the chief executive officer owned 75,548,225 shares in the company, valued at approximately $11,524,126,241.50. This represents a 0.10% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director A Brooke Seawell sold 50,980 shares of the firm's stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $156.92, for a total transaction of $7,999,781.60. Following the transaction, the director owned 1,679,361 shares of the company's stock, valued at approximately $263,525,328.12. This represents a 2.95% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,792,267 shares of company stock valued at $544,823,117. Company insiders own 4.17% of the company's stock.

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.