Stillwater Capital Advisors LLC reduced its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 3.2% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 486,338 shares of the computer hardware maker's stock after selling 15,925 shares during the period. NVIDIA comprises 7.4% of Stillwater Capital Advisors LLC's investment portfolio, making the stock its 2nd biggest position. Stillwater Capital Advisors LLC's holdings in NVIDIA were worth $52,709,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also bought and sold shares of the company. Hickory Point Bank & Trust purchased a new stake in shares of NVIDIA in the fourth quarter worth $2,272,000. BTC Capital Management Inc. grew its stake in shares of NVIDIA by 2.3% during the first quarter. BTC Capital Management Inc. now owns 330,176 shares of the computer hardware maker's stock valued at $35,785,000 after buying an additional 7,476 shares during the last quarter. Capital Performance Advisors LLP lifted its position in NVIDIA by 59.3% in the fourth quarter. Capital Performance Advisors LLP now owns 26,700 shares of the computer hardware maker's stock valued at $3,586,000 after purchasing an additional 9,944 shares during the last quarter. Waddell & Associates LLC grew its holdings in NVIDIA by 1.2% in the 4th quarter. Waddell & Associates LLC now owns 24,124 shares of the computer hardware maker's stock worth $3,240,000 after acquiring an additional 297 shares during the last quarter. Finally, Strategy Asset Managers LLC increased 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 valued at $7,024,000 after purchasing an additional 405 shares during the period. Hedge funds and other institutional investors own 65.27% of the company's stock.
NVIDIA Stock Performance
Shares of NVDA traded up $3.95 during trading hours on Wednesday, hitting $157.25. The stock had a trading volume of 170,637,789 shares, compared to its average volume of 263,404,531. The firm has a 50-day moving average price of $133.27 and a 200 day moving average price of $127.24. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $158.71. The firm has a market capitalization of $3.84 trillion, a price-to-earnings ratio of 50.73, a PEG ratio of 1.40 and a beta of 2.13. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.96 and a current ratio of 3.39.
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, research analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current year.
NVIDIA Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.03%. The ex-dividend date is Wednesday, June 11th. NVIDIA's payout ratio is currently 1.29%.
Insider Buying and Selling at NVIDIA
In other news, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $157.53, for a total transaction of $11,814,750.00. Following the transaction, the chief executive officer owned 75,323,225 shares in the company, valued at $11,865,667,634.25. This trade represents a 0.10% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director A Brooke Seawell sold 51,740 shares of the company's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $154.62, for a total transaction of $8,000,038.80. Following the transaction, the director owned 1,576,709 shares of the company's stock, valued at approximately $243,790,745.58. This trade represents a 3.18% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,044,919 shares of company stock valued at $584,414,209. Company insiders own 4.17% of the company's stock.
Analyst Upgrades and Downgrades
NVDA has been the subject of several recent research reports. TD Cowen raised their price objective on NVIDIA from $140.00 to $175.00 and gave the company a "buy" rating in a research report on Thursday, May 29th. KeyCorp set a $190.00 price objective on shares of NVIDIA in a research note on Wednesday, March 19th. Mizuho boosted their target price on NVIDIA from $168.00 to $170.00 and gave the stock an "outperform" rating in a research report on Thursday, May 29th. Wedbush restated an "outperform" rating on shares of NVIDIA in a report on Thursday, May 29th. Finally, Barclays boosted their price objective on shares of NVIDIA from $170.00 to $200.00 and gave the company an "overweight" rating in a research report on Tuesday, June 17th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-four have issued a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, NVIDIA has an average rating of "Moderate Buy" and a consensus target price of $175.78.
Check Out Our Latest Analysis on NVDA
NVIDIA Profile
(
Free Report)
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.
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