NVIDIA Co. (NASDAQ:NVDA) Shares Purchased by BTC Capital Management Inc.

BTC Capital Management Inc. increased its position in NVIDIA Co. (NASDAQ:NVDA) by 2.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 330,176 shares of the computer hardware maker’s stock after buying an additional 7,476 shares during the quarter. NVIDIA accounts for approximately 3.3% of BTC Capital Management Inc.’s investment portfolio, making the stock its 5th largest position. BTC Capital Management Inc.’s holdings in NVIDIA were worth $35,785,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Tacita Capital Inc bought a new position in shares of NVIDIA during the 4th quarter worth approximately $28,000. Vision Financial Markets LLC bought a new position in shares of NVIDIA during the 4th quarter worth approximately $38,000. Luken Investment Analytics LLC bought a new position in shares of NVIDIA during the 4th quarter worth approximately $40,000. Copia Wealth Management bought a new position in shares of NVIDIA during the 4th quarter worth approximately $50,000. Finally, LSV Asset Management bought a new position in shares of NVIDIA during the 4th quarter worth approximately $54,000. Institutional investors and hedge funds own 65.27% of the company’s stock.

NVIDIA Trading Up 0.6%

NVDA opened at $142.63 on Tuesday. The stock’s fifty day moving average is $119.10 and its two-hundred day moving average is $126.11. The company has a market capitalization of $3.48 trillion, a P/E ratio of 56.13, a PEG ratio of 1.76 and a beta of 2.12. NVIDIA Co. has a 52 week low of $86.62 and a 52 week high of $195.95. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings results 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). NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The company had revenue of $44.06 billion during the quarter, compared to analysts’ expectations of $43.09 billion. During the same quarter in the prior year, the business posted $0.61 earnings per share. The company’s revenue was up 69.2% compared to the same quarter last year. Analysts forecast that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th will be paid a dividend of $0.01 per share. The ex-dividend date is Wednesday, June 11th. This represents a $0.04 annualized dividend and a yield of 0.03%. NVIDIA’s dividend payout ratio (DPR) is 1.29%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on NVDA. DZ Bank upgraded NVIDIA from a “hold” rating to a “strong-buy” rating in a report on Friday, February 28th. KeyCorp set a $190.00 price target on NVIDIA in a report on Wednesday, March 19th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $200.00 target price on shares of NVIDIA in a report on Wednesday, April 16th. TD Cowen increased their target price on NVIDIA from $140.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, May 29th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $160.00 target price on shares of NVIDIA in a report on Thursday, May 29th. One analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-six have given a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $171.66.

Insider Buying and Selling

In related news, CFO Colette Kress sold 66,660 shares of NVIDIA stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $116.83, for a total value of $7,787,887.80. Following the completion of the transaction, the chief financial officer now owns 3,085,765 shares in the company, valued at $360,509,924.95. The trade was a 2.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert K. Burgess sold 53,324 shares of the business’s stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $115.49, for a total value of $6,158,388.76. Following the sale, the director now owns 251,044 shares of the company’s stock, valued at approximately $28,993,071.56. This trade represents a 17.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,255,320 shares of company stock worth $172,680,419 in the last ninety days. 4.17% of the stock is owned by insiders.

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.