NVIDIA Corporation (NASDAQ:NVDA) Shares Sold by Sanibel Captiva Trust Company Inc.

Sanibel Captiva Trust Company Inc. decreased its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 5.0% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 249,074 shares of the computer hardware maker's stock after selling 12,988 shares during the quarter. NVIDIA accounts for approximately 0.9% of Sanibel Captiva Trust Company Inc.'s holdings, making the stock its 29th biggest position. Sanibel Captiva Trust Company Inc.'s holdings in NVIDIA were worth $26,995,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Tacita Capital Inc bought a new position in shares of NVIDIA in the 4th quarter worth approximately $28,000. Vision Financial Markets LLC purchased a new stake in NVIDIA during the fourth quarter valued at approximately $38,000. Luken Investment Analytics LLC bought a new position in NVIDIA in the fourth quarter worth approximately $40,000. Copia Wealth Management purchased a new position in shares of NVIDIA during the 4th quarter worth $50,000. Finally, Bruce G. Allen Investments LLC grew its position in shares of NVIDIA by 198.2% during the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock valued at $53,000 after acquiring an additional 327 shares during the period. Institutional investors own 65.27% of the company's stock.

NVIDIA Trading Up 4.3%

Shares of NVDA traded up $6.41 during midday trading on Wednesday, hitting $154.31. The stock had a trading volume of 268,029,699 shares, compared to its average volume of 269,997,197. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.39 and a quick ratio of 2.96. The firm has a market cap of $3.77 trillion, a PE ratio of 49.78, a price-to-earnings-growth ratio of 1.31 and a beta of 2.12. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $154.98. The stock's 50 day moving average is $128.75 and its 200 day moving average is $126.78.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings data 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 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 quarter in the previous year, the business earned $0.61 earnings per share. The company's revenue for the quarter was up 69.2% compared to the same quarter last year. As a group, analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. The ex-dividend date of this dividend is Wednesday, June 11th. NVIDIA's dividend payout ratio is currently 1.29%.

Analyst Ratings Changes

Several equities analysts recently weighed in on NVDA shares. TD Cowen lifted their target price on NVIDIA from $140.00 to $175.00 and gave the company a "buy" rating in a research report on Thursday, May 29th. Morgan Stanley reissued an "overweight" rating and issued a $170.00 target price (up from $160.00) on shares of NVIDIA in a report on Thursday, May 29th. Summit Insights upgraded shares of NVIDIA from a "hold" rating to a "buy" rating in a research note on Thursday, May 29th. Benchmark reiterated a "buy" rating and issued a $190.00 price target on shares of NVIDIA in a research report on Thursday, May 29th. Finally, Raymond James Financial raised their price objective on shares of NVIDIA from $150.00 to $165.00 and gave the company a "strong-buy" rating in a research report on Thursday, May 29th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-four have issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, NVIDIA currently has a consensus rating of "Moderate Buy" and a consensus price target of $175.78.

Insider Transactions at NVIDIA

In other news, Director Tench Coxe sold 1,000,000 shares of the firm'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 now owns 26,671,360 shares of the company's stock, valued at $3,808,670,208. This trade represents a 3.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jen Hsun Huang sold 50,000 shares of the business's stock in a transaction on Friday, June 20th. The stock was sold at an average price of $144.26, for a total value of $7,213,000.00. Following the transaction, the chief executive officer now owns 75,723,225 shares in the company, valued at approximately $10,923,832,438.50. This trade represents a 0.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,393,863 shares of company stock valued at $483,709,832 in the last 90 days. Insiders own 4.17% of the company's stock.

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.