NVIDIA Corporation (NASDAQ:NVDA) is Trust Co. of Vermont's 8th Largest Position

Trust Co. of Vermont boosted its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 5.2% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 336,461 shares of the computer hardware maker's stock after purchasing an additional 16,765 shares during the quarter. NVIDIA comprises 1.8% of Trust Co. of Vermont's holdings, making the stock its 8th largest holding. Trust Co. of Vermont's holdings in NVIDIA were worth $36,466,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in NVDA. Tacita Capital Inc purchased a new position in shares of NVIDIA during the fourth quarter valued at approximately $28,000. Vision Financial Markets LLC purchased a new position in shares of NVIDIA during the fourth quarter valued at approximately $38,000. Copia Wealth Management purchased a new position in shares of NVIDIA during the fourth quarter valued at approximately $50,000. Bruce G. Allen Investments LLC boosted its position in shares of NVIDIA by 198.2% during the first quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock valued at $53,000 after buying an additional 327 shares during the last quarter. Finally, LSV Asset Management purchased a new position in shares of NVIDIA during the fourth quarter valued at approximately $54,000. 65.27% of the stock is currently owned by institutional investors.

Insider Activity at NVIDIA

In related news, Director A Brooke Seawell sold 48,792 shares of the stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $163.96, for a total transaction of $7,999,936.32. Following the completion of the sale, the director directly owned 1,729,478 shares in the company, valued at $283,565,212.88. This represents a 2.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction dated Friday, July 18th. The shares were sold at an average price of $172.52, for a total value of $12,939,000.00. Following the sale, the chief executive officer owned 74,348,225 shares of the company's stock, valued at $12,826,555,777. This represents a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 4,964,800 shares of company stock worth $734,906,003 in the last ninety days. 4.17% of the stock is owned by company insiders.

NVIDIA Price Performance

Shares of NVDA traded down $3.16 during midday trading on Tuesday, reaching $168.22. The stock had a trading volume of 133,105,146 shares, compared to its average volume of 262,895,036. The company's 50-day moving average is $146.99 and its 200 day moving average is $129.81. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $174.25. The company has a current ratio of 3.39, a quick ratio of 2.96 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $4.10 trillion, a price-to-earnings ratio of 54.21, a price-to-earnings-growth ratio of 1.52 and a beta of 2.13.

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 (EPS) for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). The firm had revenue of $44.06 billion during the quarter, compared to analysts' expectations of $43.09 billion. NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. NVIDIA's revenue for the quarter was up 69.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.61 earnings per share. On average, equities analysts predict that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.02%. The ex-dividend date of this dividend was Wednesday, June 11th. NVIDIA's dividend payout ratio is presently 1.29%.

Analyst Ratings Changes

Several research analysts have weighed in on the company. DA Davidson boosted their price objective on NVIDIA from $120.00 to $135.00 and gave the stock a "neutral" rating in a research report on Thursday, May 29th. Wedbush reissued an "outperform" rating on shares of NVIDIA in a research report on Thursday, May 29th. Citigroup boosted their price objective on NVIDIA from $180.00 to $190.00 and gave the stock a "buy" rating in a research report on Monday, July 7th. Piper Sandler reissued an "overweight" rating and issued a $180.00 price objective (up previously from $150.00) on shares of NVIDIA in a research report on Wednesday, May 28th. Finally, Arete Research raised NVIDIA to a "strong-buy" rating in a research report on Wednesday, May 21st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-three have given a buy rating and four have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $181.22.

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.