Trust Co. of Toledo NA OH Has $16.05 Million Stock Holdings in NVIDIA Corporation (NASDAQ:NVDA)

Trust Co. of Toledo NA OH raised its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 2.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 148,110 shares of the computer hardware maker's stock after acquiring an additional 3,336 shares during the quarter. NVIDIA comprises 2.1% of Trust Co. of Toledo NA OH's investment portfolio, making the stock its 7th biggest holding. Trust Co. of Toledo NA OH's holdings in NVIDIA were worth $16,052,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Tacita Capital Inc bought a new position in shares of NVIDIA during the 4th quarter worth about $28,000. Vision Financial Markets LLC acquired a new stake in shares of NVIDIA in the 4th quarter worth about $38,000. Copia Wealth Management acquired a new stake in shares of NVIDIA in the 4th quarter worth about $50,000. Bruce G. Allen Investments LLC raised its holdings in shares of NVIDIA by 198.2% in the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock worth $53,000 after acquiring an additional 327 shares during the last quarter. Finally, LSV Asset Management acquired a new stake in shares of NVIDIA in the 4th quarter worth about $54,000. Institutional investors own 65.27% of the company's stock.

Insider Activity

In other news, Director Mark A. Stevens sold 935,000 shares of NVIDIA stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $140.92, for a total transaction of $131,760,200.00. Following the completion of the sale, the director directly owned 9,214,697 shares of the company's stock, valued at approximately $1,298,535,101.24. The trade was a 9.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Ajay K. Puri sold 168,195 shares of NVIDIA stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $152.64, for a total transaction of $25,673,284.80. Following the sale, the executive vice president directly owned 4,018,547 shares of the company's stock, valued at $613,391,014.08. This represents a 4.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 4,044,919 shares of company stock valued at $584,414,209 in the last quarter. 4.17% of the stock is currently owned by company insiders.

NVIDIA Stock Performance

NVIDIA stock traded up $2.03 during mid-day trading on Friday, reaching $159.28. The company's stock had a trading volume of 143,716,055 shares, compared to its average volume of 268,356,006. The firm's fifty day moving average price is $136.38 and its two-hundred day moving average price is $127.84. 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 Corporation has a 12-month low of $86.62 and a 12-month high of $160.98. The company has a market capitalization of $3.89 trillion, a P/E ratio of 51.38, a PEG ratio of 1.41 and a beta of 2.13.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings results 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 net margin of 51.69% and a return on equity of 105.09%. The firm had revenue of $44.06 billion during the quarter, compared to the consensus estimate of $43.09 billion. During the same period in the previous year, the business earned $0.61 earnings per share. The firm's revenue for the quarter was up 69.2% on a year-over-year basis. Sell-side analysts predict that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

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

Wall Street Analyst Weigh In

Several research firms have commented on NVDA. Seaport Res Ptn upgraded shares of NVIDIA to a "strong sell" rating in a research note on Wednesday, April 30th. Truist Financial increased their price objective on shares of NVIDIA from $205.00 to $210.00 and gave the company a "buy" rating in a research note on Thursday, May 29th. Bank of America increased their price objective 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. Cantor Fitzgerald reiterated an "overweight" rating and issued a $200.00 price objective on shares of NVIDIA in a research note on Wednesday, April 16th. Finally, Arete Research upgraded shares of NVIDIA to a "strong-buy" rating in a research note on Wednesday, May 21st. 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 given a strong buy rating to the stock. According to data from MarketBeat, NVIDIA currently has an average rating of "Moderate Buy" and a consensus price target of $176.19.

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.