Pacifica Partners Inc. Has $541,000 Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

Pacifica Partners Inc. raised its position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 176.1% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,315 shares of the computer hardware maker's stock after acquiring an additional 3,390 shares during the period. Pacifica Partners Inc.'s holdings in NVIDIA were worth $541,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in NVDA. Hickory Point Bank & Trust acquired a new stake in NVIDIA during the 4th quarter worth approximately $2,272,000. BTC Capital Management Inc. lifted its holdings in NVIDIA by 2.3% during the 1st quarter. BTC Capital Management Inc. now owns 330,176 shares of the computer hardware maker's stock worth $35,785,000 after purchasing an additional 7,476 shares during the last quarter. Capital Performance Advisors LLP lifted its holdings in NVIDIA by 59.3% during the 4th quarter. Capital Performance Advisors LLP now owns 26,700 shares of the computer hardware maker's stock worth $3,586,000 after purchasing an additional 9,944 shares during the last quarter. Waddell & Associates LLC lifted its holdings 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 purchasing an additional 297 shares during the last quarter. Finally, Strategy Asset Managers LLC lifted its holdings in NVIDIA by 0.8% during the 4th quarter. Strategy Asset Managers LLC now owns 52,307 shares of the computer hardware maker's stock worth $7,024,000 after purchasing an additional 405 shares during the last quarter. Institutional investors own 65.27% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on NVDA. KeyCorp set a $190.00 price objective on NVIDIA in a report on Wednesday, March 19th. Truist Financial lifted their price objective on NVIDIA from $205.00 to $210.00 and gave the company a "buy" rating in a report on Thursday, May 29th. Wedbush reaffirmed an "outperform" rating on shares of NVIDIA in a report on Thursday, May 29th. Summit Insights raised NVIDIA from a "hold" rating to a "buy" rating in a report on Thursday, May 29th. Finally, TD Cowen lifted their price objective on NVIDIA from $140.00 to $175.00 and gave the company a "buy" rating in a report on Thursday, May 29th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, thirty-five have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, NVIDIA presently has a consensus rating of "Moderate Buy" and a consensus price target of $172.24.

NVIDIA Price Performance

NVDA stock traded down $3.03 during midday trading on Friday, reaching $141.97. 180,270,368 shares of the stock were exchanged, compared to its average volume of 276,376,708. The stock has a market capitalization of $3.46 trillion, a PE ratio of 55.87, a P/E/G ratio of 1.76 and a beta of 2.12. NVIDIA Co. 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 0.13, a current ratio of 4.10 and a quick ratio of 3.64. The company has a fifty day moving average price of $122.77 and a 200 day moving average price of $126.44.

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 for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). The firm had revenue of $44.06 billion for the quarter, compared to the consensus estimate of $43.09 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The company's revenue was up 69.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.61 EPS. As a group, analysts expect that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently declared 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 (DPR) is presently 1.29%.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director Mark A. Stevens sold 190,000 shares of the company's stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $142.51, for a total value of $27,076,900.00. Following the sale, the director now owns 8,855,848 shares in the company, valued at approximately $1,262,046,898.48. The trade was a 2.10% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Tench Coxe sold 1,000,000 shares of the business's stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $142.80, for a total value of $142,800,000.00. Following the completion of the transaction, the director now directly owns 26,671,360 shares in the company, valued at $3,808,670,208. This represents a 3.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,560,845 shares of company stock worth $360,351,849. 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.