Private Trust Co. NA lifted its stake in NVIDIA Co. (NASDAQ:NVDA – Get Rating) by 6.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,615 shares of the computer hardware maker’s stock after acquiring an additional 679 shares during the period. Private Trust Co. NA’s holdings in NVIDIA were worth $2,896,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the company. BlackRock Inc. boosted its holdings in shares of NVIDIA by 2.1% in the fourth quarter. BlackRock Inc. now owns 177,839,722 shares of the computer hardware maker’s stock worth $52,304,441,000 after acquiring an additional 3,591,440 shares during the period. Geode Capital Management LLC boosted its holdings in shares of NVIDIA by 3.7% in the fourth quarter. Geode Capital Management LLC now owns 41,888,133 shares of the computer hardware maker’s stock worth $12,287,340,000 after acquiring an additional 1,505,461 shares during the period. Northern Trust Corp boosted its holdings in shares of NVIDIA by 0.3% in the fourth quarter. Northern Trust Corp now owns 28,364,911 shares of the computer hardware maker’s stock worth $8,342,404,000 after acquiring an additional 88,332 shares during the period. Norges Bank bought a new position in shares of NVIDIA in the fourth quarter worth $6,279,217,000. Finally, UBS Asset Management Americas Inc. boosted its holdings in shares of NVIDIA by 296.4% in the third quarter. UBS Asset Management Americas Inc. now owns 13,108,247 shares of the computer hardware maker’s stock worth $2,715,504,000 after acquiring an additional 9,801,806 shares during the period. 55.19% of the stock is owned by hedge funds and other institutional investors.
NASDAQ NVDA opened at $163.60 on Thursday. The company has a debt-to-equity ratio of 0.42, a current ratio of 5.32 and a quick ratio of 4.75. The stock has a market capitalization of $409 billion, a PE ratio of 43.86, a PEG ratio of 2.13 and a beta of 1.59. NVIDIA Co. has a 1 year low of $153.28 and a 1 year high of $346.47. The business’s 50-day moving average is $182.37 and its 200 day moving average is $232.99.
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 1st. Investors of record on Thursday, June 9th will be paid a $0.04 dividend. The ex-dividend date of this dividend is Wednesday, June 8th. This represents a $0.16 annualized dividend and a dividend yield of 0.10%. NVIDIA’s payout ratio is presently 4.29%.
NVDA has been the topic of a number of recent analyst reports. Citigroup lowered their price objective on NVIDIA from $350.00 to $315.00 and set a “buy” rating on the stock in a research report on Thursday, May 26th. Robert W. Baird lowered their price objective on NVIDIA from $225.00 to $165.00 and set a “neutral” rating on the stock in a research report on Friday, May 27th. Credit Suisse Group lowered their price objective on NVIDIA to $205.00 in a research report on Thursday, May 26th. Wedbush lowered their price objective on NVIDIA from $300.00 to $190.00 and set a “neutral” rating on the stock in a research report on Thursday, May 19th. Finally, Oppenheimer lowered their price objective on NVIDIA from $350.00 to $300.00 and set an “outperform” rating on the stock in a research report on Thursday, May 19th. Seven analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, NVIDIA currently has a consensus rating of “Moderate Buy” and a consensus target price of $270.97.
In other NVIDIA news, EVP Debora Shoquist sold 23,644 shares of NVIDIA stock in a transaction that occurred on Wednesday, June 8th. The stock was sold at an average price of $188.23, for a total transaction of $4,450,510.12. Following the sale, the executive vice president now directly owns 186,476 shares of the company’s stock, valued at approximately $35,100,377.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Mark A. Stevens sold 113,850 shares of NVIDIA stock in a transaction that occurred on Monday, June 13th. The shares were sold at an average price of $158.03, for a total value of $17,991,715.50. Following the sale, the director now directly owns 2,596,493 shares in the company, valued at $410,323,788.79. The disclosure for this sale can be found here. Insiders sold 239,694 shares of company stock worth $50,256,524 over the last three months. 4.04% of the stock is owned by insiders.
NVIDIA Profile (Get Rating)
NVIDIA Corporation provides graphics, and compute and networking solutions in the United States, Taiwan, China, and internationally. The company's 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; vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building 3D designs and virtual worlds.
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