NVIDIA Co. (NASDAQ:NVDA) Shares Bought by Trillium Asset Management LLC

Trillium Asset Management LLC lifted its position in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 20.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 176,449 shares of the computer hardware maker's stock after buying an additional 29,472 shares during the quarter. NVIDIA makes up approximately 2.4% of Trillium Asset Management LLC's portfolio, making the stock its 4th biggest holding. Trillium Asset Management LLC's holdings in NVIDIA were worth $87,381,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wealthcare Capital Management LLC raised its position in NVIDIA by 1.6% in the 4th quarter. Wealthcare Capital Management LLC now owns 1,013 shares of the computer hardware maker's stock worth $502,000 after buying an additional 16 shares during the last quarter. Guardian Capital Advisors LP raised its position in NVIDIA by 3.0% in the 4th quarter. Guardian Capital Advisors LP now owns 541 shares of the computer hardware maker's stock worth $283,000 after buying an additional 16 shares during the last quarter. American National Bank raised its position in NVIDIA by 0.3% in the 4th quarter. American National Bank now owns 5,563 shares of the computer hardware maker's stock worth $2,755,000 after buying an additional 16 shares during the last quarter. Lodestar Private Asset Management LLC raised its position in NVIDIA by 1.0% in the 4th quarter. Lodestar Private Asset Management LLC now owns 1,652 shares of the computer hardware maker's stock worth $818,000 after buying an additional 17 shares during the last quarter. Finally, JNBA Financial Advisors raised its position in NVIDIA by 1.7% in the 4th quarter. JNBA Financial Advisors now owns 1,001 shares of the computer hardware maker's stock worth $496,000 after buying an additional 17 shares during the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Mark A. Stevens sold 10,000 shares of the firm's stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $797.57, for a total transaction of $7,975,700.00. Following the transaction, the director now owns 1,124,583 shares in the company, valued at $896,933,663.31. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Mark A. Stevens sold 5,000 shares of the business's stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $800.74, for a total value of $4,003,700.00. Following the completion of the sale, the director now directly owns 1,119,583 shares in the company, valued at $896,494,891.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mark A. Stevens sold 10,000 shares of the business's stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $797.57, for a total value of $7,975,700.00. Following the completion of the sale, the director now owns 1,124,583 shares of the company's stock, valued at $896,933,663.31. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 61,278 shares of company stock worth $52,689,898. Company insiders own 4.23% of the company's stock.

NVIDIA Trading Up 9.3 %

NASDAQ:NVDA traded up $88.49 during midday trading on Thursday, hitting $1,037.99. 83,345,979 shares of the company traded hands, compared to its average volume of 49,911,500. The firm's fifty day moving average is $889.46 and its 200-day moving average is $698.74. The firm has a market capitalization of $2.55 trillion, a P/E ratio of 86.93, a P/E/G ratio of 1.33 and a beta of 1.75. The company has a current ratio of 4.17, a quick ratio of 3.67 and a debt-to-equity ratio of 0.20. NVIDIA Co. has a 12-month low of $298.06 and a 12-month high of $1,063.20.

Shares of NVIDIA are scheduled to split on Monday, June 10th. The 10-1 split was announced on Monday, June 10th. The newly created shares will be distributed to shareholders after the closing bell on Monday, June 10th.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its earnings results on Wednesday, May 22nd. The computer hardware maker reported $6.12 earnings per share for the quarter, topping analysts' consensus estimates of $5.14 by $0.98. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The business had revenue of $26.04 billion for the quarter, compared to analyst estimates of $24.59 billion. During the same quarter last year, the firm posted $0.88 earnings per share. The business's revenue was up 262.1% compared to the same quarter last year. On average, sell-side analysts predict that NVIDIA Co. will post 23.18 EPS for the current year.

NVIDIA Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Tuesday, June 11th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.04%. This is a positive change from NVIDIA's previous quarterly dividend of $0.04. NVIDIA's dividend payout ratio (DPR) is currently 1.34%.

Analysts Set New Price Targets

NVDA has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft boosted their target price on NVIDIA from $850.00 to $1,000.00 and gave the stock a "hold" rating in a research report on Thursday. Morgan Stanley boosted their price target on NVIDIA from $1,000.00 to $1,160.00 and gave the company an "overweight" rating in a research note on Thursday. Wolfe Research boosted their price target on NVIDIA from $1,200.00 to $1,250.00 and gave the company an "outperform" rating in a research note on Thursday. Benchmark boosted their price target on NVIDIA from $1,000.00 to $1,350.00 and gave the company a "buy" rating in a research note on Thursday. Finally, UBS Group boosted their price target on NVIDIA from $1,150.00 to $1,200.00 and gave the company a "buy" rating in a research note on Thursday. Four investment analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $1,125.95.

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.