Trust Investment Advisors Acquires 3,083 Shares of NVIDIA Corporation (NASDAQ:NVDA)

Trust Investment Advisors raised its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 9.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 35,699 shares of the computer hardware maker's stock after purchasing an additional 3,083 shares during the period. NVIDIA comprises 2.5% of Trust Investment Advisors' holdings, making the stock its 5th largest position. Trust Investment Advisors' holdings in NVIDIA were worth $3,869,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Wealthgarden F.S. LLC grew its holdings in NVIDIA by 6.1% in the first quarter. Wealthgarden F.S. LLC now owns 24,621 shares of the computer hardware maker's stock valued at $2,668,000 after purchasing an additional 1,406 shares during the period. LMG Wealth Partners LLC grew its holdings in NVIDIA by 23.0% in the first quarter. LMG Wealth Partners LLC now owns 7,021 shares of the computer hardware maker's stock valued at $761,000 after purchasing an additional 1,315 shares during the period. Summit X LLC grew its holdings in NVIDIA by 96.1% in the first quarter. Summit X LLC now owns 268,428 shares of the computer hardware maker's stock valued at $29,092,000 after purchasing an additional 131,577 shares during the period. Mechanics Financial Corp grew its holdings in NVIDIA by 16.6% in the first quarter. Mechanics Financial Corp now owns 29,567 shares of the computer hardware maker's stock valued at $3,204,000 after purchasing an additional 4,200 shares during the period. Finally, Seaside Wealth Management Inc. grew its holdings in NVIDIA by 33.1% in the first quarter. Seaside Wealth Management Inc. now owns 2,185 shares of the computer hardware maker's stock valued at $237,000 after purchasing an additional 543 shares during the period. 65.27% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $152.54, for a total value of $11,440,500.00. Following the transaction, the chief executive officer owned 75,548,225 shares in the company, valued at approximately $11,524,126,241.50. This represents a 0.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Tench Coxe sold 1,000,000 shares of the stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $142.80, for a total value of $142,800,000.00. Following the completion of the transaction, the director owned 26,671,360 shares in the company, valued at approximately $3,808,670,208. The trade was a 3.61% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,687,440 shares of company stock worth $862,095,782. Insiders own 4.17% of the company's stock.

Analyst Ratings Changes

NVDA has been the subject of several research reports. TD Cowen boosted their price target on NVIDIA from $140.00 to $175.00 and gave the stock a "buy" rating in a research report on Thursday, May 29th. Mizuho set a $192.00 price objective on NVIDIA and gave the company an "outperform" rating in a report on Tuesday, July 15th. Phillip Securities upgraded NVIDIA from a "moderate buy" rating to a "strong-buy" rating in a report on Monday, July 14th. Oppenheimer raised their price objective on NVIDIA from $175.00 to $200.00 and gave the company an "outperform" rating in a report on Tuesday, July 15th. Finally, Jefferies Financial Group raised their price objective on NVIDIA from $185.00 to $200.00 in a report on Wednesday, July 16th. One analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-two have issued a buy rating and four have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $183.75.

NVIDIA Price Performance

Shares of NASDAQ NVDA opened at $183.16 on Wednesday. The stock's 50-day moving average is $161.55 and its two-hundred day moving average is $134.24. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.39 and a quick ratio of 2.96. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $184.48. The company has a market cap of $4.47 trillion, a price-to-earnings ratio of 59.08, a price-to-earnings-growth ratio of 1.60 and a beta of 2.14.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings results 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 return on equity of 105.09% and a net margin of 51.69%. The company had revenue of $44.06 billion for the quarter, compared to analysts' expectations of $43.09 billion. During the same quarter last year, the company earned $0.61 EPS. NVIDIA's revenue for the quarter was up 69.2% compared to the same quarter last year. Analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th were issued a $0.01 dividend. The ex-dividend date was Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. NVIDIA's dividend payout ratio is presently 1.29%.

NVIDIA Company 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.

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