Private Client Services LLC Has $1.86 Million Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

Private Client Services LLC lifted its stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 12.2% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 17,184 shares of the computer hardware maker's stock after acquiring an additional 1,864 shares during the quarter. Private Client Services LLC's holdings in NVIDIA were worth $1,862,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in NVDA. Global Financial Private Client LLC grew its stake in NVIDIA by 7.7% in the 1st quarter. Global Financial Private Client LLC now owns 21,485 shares of the computer hardware maker's stock valued at $2,329,000 after buying an additional 1,538 shares during the last quarter. Parallel Advisors LLC boosted its holdings in NVIDIA by 2.1% during the first quarter. Parallel Advisors LLC now owns 1,090,608 shares of the computer hardware maker's stock valued at $118,205,000 after acquiring an additional 22,709 shares during the period. First County Bank CT grew its position in shares of NVIDIA by 25.2% in the first quarter. First County Bank CT now owns 47,813 shares of the computer hardware maker's stock valued at $5,182,000 after purchasing an additional 9,627 shares during the last quarter. Tompkins Financial Corp increased its stake in shares of NVIDIA by 10.7% in the first quarter. Tompkins Financial Corp now owns 286,290 shares of the computer hardware maker's stock worth $31,028,000 after purchasing an additional 27,641 shares during the period. Finally, Silvia Mccoll Wealth Management LLC lifted its position in shares of NVIDIA by 6.8% during the 1st quarter. Silvia Mccoll Wealth Management LLC now owns 10,104 shares of the computer hardware maker's stock worth $1,095,000 after purchasing an additional 642 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

NVIDIA Price Performance

Shares of NASDAQ:NVDA traded up $1.33 during midday trading on Tuesday, reaching $143.96. The company's stock had a trading volume of 154,969,369 shares, compared to its average volume of 273,132,656. The business's fifty day simple moving average is $119.10 and its 200-day simple moving average is $126.11. The company has a market capitalization of $3.51 trillion, a P/E ratio of 56.65, a P/E/G ratio of 1.76 and a beta of 2.12. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. NVIDIA Co. has a fifty-two week low of $86.62 and a fifty-two week high of $153.13.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.06). NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The company had revenue of $44.06 billion during the quarter, compared to analyst estimates of $43.09 billion. During the same quarter in the previous year, the business posted $0.61 EPS. The company's revenue was up 69.2% compared to the same quarter last year. As a group, equities research analysts expect that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th will be given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.03%. The ex-dividend date of this dividend is Wednesday, June 11th. NVIDIA's dividend payout ratio (DPR) is presently 1.29%.

Analyst Ratings Changes

NVDA has been the topic of a number of research analyst reports. DA Davidson raised their target price on NVIDIA from $120.00 to $135.00 and gave the company a "neutral" rating in a report on Thursday, May 29th. William Blair reissued an "outperform" rating on shares of NVIDIA in a research report on Thursday, March 20th. Raymond James boosted their target price on shares of NVIDIA from $150.00 to $165.00 and gave the stock a "strong-buy" rating in a research report on Thursday, May 29th. Bank of America upped their target price on shares of NVIDIA from $150.00 to $160.00 and gave the company a "buy" rating in a research note on Wednesday, May 14th. Finally, Mizuho raised their price target on shares of NVIDIA from $168.00 to $170.00 and gave the stock an "outperform" rating in a research report on Thursday, May 29th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-six have issued a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat.com, NVIDIA presently has a consensus rating of "Moderate Buy" and an average price target of $171.66.

Insiders Place Their Bets

In other news, insider Donald F. Robertson, Jr. sold 4,500 shares of the firm's stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $116.80, for a total value of $525,600.00. Following the transaction, the insider now owns 479,428 shares of the company's stock, valued at approximately $55,997,190.40. This trade represents a 0.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert K. Burgess sold 53,324 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $115.49, for a total transaction of $6,158,388.76. Following the sale, the director now directly owns 251,044 shares of the company's stock, valued at approximately $28,993,071.56. This trade represents a 17.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,255,320 shares of company stock valued at $172,680,419. 4.17% of the stock is currently owned by corporate insiders.

About NVIDIA

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.