Private Trust Co. NA Grows Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

Private Trust Co. NA grew its holdings in shares of NVIDIA Co. (NASDAQ:NVDAGet Rating) by 6.8% in the 1st quarter, Holdings Channel.com reports. 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 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the company. Disciplined Investments LLC purchased a new position in NVIDIA in the 4th quarter worth approximately $25,000. Rather & Kittrell Inc. purchased a new position in NVIDIA in the 4th quarter worth approximately $26,000. Advanced Research Investment Solutions LLC purchased a new position in NVIDIA in the 4th quarter worth approximately $29,000. Claremont Financial Group Inc. purchased a new position in NVIDIA in the 4th quarter worth approximately $29,000. Finally, IFS Advisors LLC purchased a new position in NVIDIA in the 4th quarter worth approximately $37,000. Hedge funds and other institutional investors own 55.19% of the company’s stock.

Shares of NVDA stock opened at $163.60 on Thursday. The stock has a market cap of $409 billion, a P/E ratio of 43.86, a PEG ratio of 2.13 and a beta of 1.59. NVIDIA Co. has a 52 week low of $153.28 and a 52 week high of $346.47. The company has a quick ratio of 4.75, a current ratio of 5.32 and a debt-to-equity ratio of 0.42. The company’s fifty day simple moving average is $182.37 and its two-hundred day simple moving average is $232.99.

NVIDIA (NASDAQ:NVDAGet Rating) last announced its quarterly earnings results on Wednesday, May 25th. The computer hardware maker reported $1.36 EPS for the quarter, topping the consensus estimate of $1.29 by $0.07. The business had revenue of $8.29 billion for the quarter, compared to analysts’ expectations of $8.09 billion. NVIDIA had a net margin of 32.02% and a return on equity of 43.81%. The business’s quarterly revenue was up 46.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.78 EPS. On average, analysts anticipate that NVIDIA Co. will post 4.54 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 1st. Stockholders of record on Thursday, June 9th will be given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.10%. The ex-dividend date of this dividend is Wednesday, June 8th. NVIDIA’s dividend payout ratio is 4.29%.

In other news, Director Tench Coxe sold 100,000 shares of the company’s stock in a transaction dated Monday, March 28th. The shares were sold at an average price of $274.06, for a total transaction of $27,406,000.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Debora Shoquist sold 23,644 shares of the company’s stock in a transaction dated Wednesday, June 8th. The shares were 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 owns 186,476 shares in the company, valued at $35,100,377.48. The disclosure for this sale can be found here. Insiders have sold a total of 239,694 shares of company stock worth $50,256,524 over the last 90 days. Corporate insiders own 4.04% of the company’s stock.

A number of brokerages recently weighed in on NVDA. StockNews.com began coverage on shares of NVIDIA in a report on Thursday, March 31st. They issued a “hold” rating for the company. Morgan Stanley decreased their target price on shares of NVIDIA from $217.00 to $182.00 and set an “equal weight” rating for the company in a research note on Thursday, May 26th. Oppenheimer decreased their target price on shares of NVIDIA from $350.00 to $300.00 and set an “outperform” rating for the company in a research note on Thursday, May 19th. Barclays decreased their target price on shares of NVIDIA from $350.00 to $295.00 and set an “overweight” rating for the company in a research note on Monday, April 25th. Finally, Cowen decreased their target price on shares of NVIDIA from $350.00 to $265.00 and set an “outperform” rating for the company in a research note on Thursday, May 26th. Seven analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, NVIDIA has an average rating of “Moderate Buy” and a consensus price target of $270.97.

NVIDIA Company 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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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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