Private Trust Co. NA Buys 11,152 Shares of NVIDIA Corporation (NASDAQ:NVDA)

Key Points

• Private Trust Co. NA increased its holdings in NVIDIA Corporation by 7.9% in the first quarter, making it the firm's fourth largest position with a value of approximately $16.5 million.
• NVIDIA's stock performance shows a market cap of $4.31 trillion and a recent trading price of $176.75, with a year-over-year revenue increase of 69.2% reported in their latest earnings results.
• Recent insider trading includes EVP Ajay K. Puri selling over 168,000 shares for approximately $25.7 million, while Director Mark A. Stevens sold 935,000 shares worth about $131.8 million, reflecting a decrease in their ownership positions.

Private Trust Co. NA grew its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 7.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 152,184 shares of the computer hardware maker's stock after acquiring an additional 11,152 shares during the period. NVIDIA accounts for 1.7% of Private Trust Co. NA's portfolio, making the stock its 4th largest holding. Private Trust Co. NA's holdings in NVIDIA were worth $16,494,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Tacita Capital Inc bought a new position in shares of NVIDIA during the fourth quarter worth about $28,000. Vision Financial Markets LLC bought a new position in shares of NVIDIA during the 4th quarter worth approximately $38,000. Copia Wealth Management acquired a new stake in shares of NVIDIA in the fourth quarter valued at approximately $50,000. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of NVIDIA in the first quarter worth $51,000. Finally, Bruce G. Allen Investments LLC boosted its holdings in NVIDIA by 198.2% during the first quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock worth $53,000 after purchasing an additional 327 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director Tench Coxe sold 1,000,000 shares of the company's stock in a transaction on Monday, June 9th. The stock was sold at an average price of $142.80, for a total value of $142,800,000.00. Following the completion of the sale, the director directly owned 26,671,360 shares in the company, valued at $3,808,670,208. This represents a 3.61% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $152.54, for a total transaction of $11,440,500.00. Following the completion of the sale, the chief executive officer directly owned 75,548,225 shares of the company's stock, valued at approximately $11,524,126,241.50. This trade represents a 0.10% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,264,800 shares of company stock valued at $786,735,503. Insiders own 4.17% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on NVDA shares. Arete Research raised shares of NVIDIA to a "strong-buy" rating in a research report on Wednesday, May 21st. TD Cowen lifted their price target on shares of NVIDIA from $140.00 to $175.00 and gave the company a "buy" rating in a research report on Thursday, May 29th. Needham & Company LLC boosted their target price on shares of NVIDIA from $160.00 to $200.00 and gave the company a "buy" rating in a research report on Wednesday, July 16th. UBS Group restated a "buy" rating on shares of NVIDIA in a research note on Friday, May 23rd. Finally, Citigroup lifted their price target on NVIDIA from $180.00 to $190.00 and gave the company a "buy" rating in a research note on Monday, July 7th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-three have issued a buy rating and four have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $182.03.

NVIDIA Stock Performance

Shares of NVDA stock traded up $0.66 on Thursday, hitting $179.93. The company had a trading volume of 66,232,539 shares, compared to its average volume of 247,988,000. The firm has a market cap of $4.39 trillion, a P/E ratio of 58.10, a price-to-earnings-growth ratio of 1.55 and a beta of 2.13. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $183.30. The company has a 50-day moving average price of $153.55 and a 200-day moving average price of $131.72. 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 posted its earnings results 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 firm 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 company earned $0.61 earnings per share. The company's revenue was up 69.2% compared to the same quarter last year. As a group, equities research analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.02%. The ex-dividend date of this dividend was Wednesday, June 11th. 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.