Rothschild Investment LLC Trims Stake in NVIDIA Co. (NASDAQ:NVDA)

Rothschild Investment LLC lessened its holdings in NVIDIA Co. (NASDAQ:NVDA) by 2.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 449,156 shares of the computer hardware maker’s stock after selling 10,509 shares during the period. NVIDIA makes up about 3.3% of Rothschild Investment LLC’s investment portfolio, making the stock its 2nd largest position. Rothschild Investment LLC’s holdings in NVIDIA were worth $48,679,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. FMR LLC increased its position in NVIDIA by 0.7% during the fourth quarter. FMR LLC now owns 1,004,376,608 shares of the computer hardware maker’s stock valued at $134,877,735,000 after acquiring an additional 6,665,252 shares during the last quarter. Geode Capital Management LLC increased its position in NVIDIA by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 555,548,278 shares of the computer hardware maker’s stock valued at $74,439,273,000 after acquiring an additional 9,468,786 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in NVIDIA by 0.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 411,328,951 shares of the computer hardware maker’s stock valued at $55,237,367,000 after acquiring an additional 3,721,331 shares during the last quarter. Norges Bank bought a new position in NVIDIA during the fourth quarter valued at $43,515,504,000. Finally, Northern Trust Corp increased its position in NVIDIA by 15.8% during 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 during the last quarter. Institutional investors own 65.27% of the company’s stock.

Insider Buying and Selling at NVIDIA

In other news, Director Aarti S. Shah sold 20,000 shares of the company’s stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $118.42, for a total transaction of $2,368,400.00. Following the transaction, the director now owns 53,208 shares in the company, valued at $6,300,891.36. This represents a 27.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Robert K. Burgess sold 53,324 shares of the company’s stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $115.49, for a total transaction of $6,158,388.76. Following the transaction, the director now owns 251,044 shares in the company, valued at approximately $28,993,071.56. This trade represents a 17.52% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,255,320 shares of company stock valued at $172,680,419. 4.17% of the stock is currently owned by insiders.

NVIDIA Stock Performance

NVDA stock opened at $142.63 on Tuesday. The firm has a market cap of $3.48 trillion, a price-to-earnings ratio of 56.13, a PEG ratio of 1.76 and a beta of 2.12. The firm has a 50-day simple moving average of $119.10 and a two-hundred day simple moving average of $126.11. NVIDIA Co. has a one year low of $86.62 and a one year high of $195.95. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.06). The firm had revenue of $44.06 billion for the quarter, compared to analysts’ expectations of $43.09 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The business’s quarterly revenue was up 69.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.61 earnings per share. On average, equities analysts forecast that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts have weighed in on NVDA shares. HSBC cut shares of NVIDIA from a “buy” rating to a “hold” rating and set a $120.00 price objective on the stock. in a research report on Thursday, April 3rd. William Blair restated an “outperform” rating on shares of NVIDIA in a report on Thursday, March 20th. Rosenblatt Securities upped their price target on shares of NVIDIA from $178.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, May 29th. Mizuho upped their price target on shares of NVIDIA from $168.00 to $170.00 and gave the stock an “outperform” rating in a report on Thursday, May 29th. Finally, UBS Group restated a “buy” rating on shares of NVIDIA in a report on Friday, May 23rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating, thirty-six have given a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $171.66.

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.