Whittier Trust Co. decreased its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 15.6% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 3,131,351 shares of the computer hardware maker's stock after selling 578,565 shares during the period. NVIDIA comprises approximately 4.7% of Whittier Trust Co.'s portfolio, making the stock its 3rd biggest holding. Whittier Trust Co.'s holdings in NVIDIA were worth $339,375,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in NVDA. Norges Bank bought a new stake in NVIDIA in the fourth quarter valued at $43,515,504,000. GAMMA Investing LLC boosted its holdings in NVIDIA by 12,173.2% in the first quarter. GAMMA Investing LLC now owns 48,837,781 shares of the computer hardware maker's stock valued at $5,293,039,000 after acquiring an additional 48,439,859 shares in the last quarter. Northern Trust Corp boosted its holdings in NVIDIA by 15.8% in the fourth quarter. Northern Trust Corp now owns 266,454,194 shares of the computer hardware maker's stock valued at $35,782,134,000 after acquiring an additional 36,266,817 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in NVIDIA by 204.6% in the first quarter. Assenagon Asset Management S.A. now owns 35,652,571 shares of the computer hardware maker's stock valued at $3,864,026,000 after acquiring an additional 23,948,733 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in NVIDIA in the fourth quarter valued at $2,987,733,000. Institutional investors own 65.27% of the company's stock.
Insiders Place Their Bets
In other NVIDIA news, Director Tench Coxe sold 1,000,000 shares of the company's stock in a transaction that occurred 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 transaction, the director directly owned 26,671,360 shares in the company, valued at $3,808,670,208. This represents a 3.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Mark A. Stevens sold 935,000 shares of the company's stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $140.92, for a total value of $131,760,200.00. Following the completion of the transaction, the director owned 9,214,697 shares of the company's stock, valued at $1,298,535,101.24. The trade was a 9.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,687,440 shares of company stock valued at $862,095,782. 4.17% of the stock is owned by company insiders.
NVIDIA Trading Down 0.4%
Shares of NASDAQ:NVDA opened at $182.06 on Tuesday. The stock has a 50 day moving average of $160.71 and a 200 day moving average of $133.89. The company has a market cap of $4.44 trillion, a PE ratio of 58.73, a price-to-earnings-growth ratio of 1.61 and a beta of 2.14. The company has a current ratio of 3.39, a quick ratio of 2.96 and a debt-to-equity ratio of 0.10. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $183.88.
NVIDIA (NASDAQ:NVDA - Get Free Report) last announced 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 company had revenue of $44.06 billion for the quarter, compared to the consensus estimate of $43.09 billion. NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The company's revenue was up 69.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.61 earnings per share. As a group, equities research analysts expect that NVIDIA Corporation will post 2.77 EPS for the current year.
NVIDIA Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.0%. The ex-dividend date was Wednesday, June 11th. NVIDIA's dividend payout ratio is presently 1.29%.
Analyst Ratings Changes
Several research firms recently weighed in on NVDA. Mizuho set a $192.00 price target on shares of NVIDIA and gave the company an "outperform" rating in a report on Tuesday, July 15th. BNP Paribas raised NVIDIA to a "hold" rating in a research report on Friday, August 1st. Citigroup raised their price objective on NVIDIA from $180.00 to $190.00 and gave the company a "buy" rating in a research report on Monday, July 7th. Phillip Securities raised NVIDIA from a "moderate buy" rating to a "strong-buy" rating in a research report on Monday, July 14th. Finally, Needham & Company LLC raised their price objective on NVIDIA from $160.00 to $200.00 and gave the company a "buy" rating in a research report on Wednesday, July 16th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-two have given a buy rating and four have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $183.75.
Get Our Latest Stock Analysis on NVDA
About NVIDIA
(
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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