NVIDIA Co. (NASDAQ:NVDA) Shares Acquired by First Community Trust NA

First Community Trust NA boosted its stake in NVIDIA Co. (NASDAQ:NVDA) by 0.3% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 48,174 shares of the computer hardware maker’s stock after purchasing an additional 130 shares during the quarter. NVIDIA comprises 4.6% of First Community Trust NA’s investment portfolio, making the stock its 5th biggest position. First Community Trust NA’s holdings in NVIDIA were worth $5,221,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Rooted Wealth Advisors Inc. raised its stake in NVIDIA by 4.9% in the first quarter. Rooted Wealth Advisors Inc. now owns 17,016 shares of the computer hardware maker’s stock valued at $1,844,000 after purchasing an additional 795 shares in the last quarter. Weinberger Asset Management Inc raised its stake in NVIDIA by 2.7% in the first quarter. Weinberger Asset Management Inc now owns 15,910 shares of the computer hardware maker’s stock valued at $1,724,000 after purchasing an additional 422 shares in the last quarter. Beese Fulmer Investment Management Inc. raised its stake in NVIDIA by 0.5% in the first quarter. Beese Fulmer Investment Management Inc. now owns 30,941 shares of the computer hardware maker’s stock valued at $3,353,000 after purchasing an additional 169 shares in the last quarter. Pacifica Partners Inc. raised its stake in NVIDIA by 176.1% in the first quarter. Pacifica Partners Inc. now owns 5,315 shares of the computer hardware maker’s stock valued at $541,000 after purchasing an additional 3,390 shares in the last quarter. Finally, Investors Research Corp grew its position in NVIDIA by 46.6% in the first quarter. Investors Research Corp now owns 2,437 shares of the computer hardware maker’s stock valued at $264,000 after acquiring an additional 775 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

NVIDIA Price Performance

Shares of NVDA opened at $143.96 on Wednesday. NVIDIA Co. has a 52-week low of $86.62 and a 52-week high of $153.13. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. The business’s 50 day moving average price is $119.94 and its two-hundred day moving average price is $126.23. The firm has a market cap of $3.51 trillion, a PE ratio of 56.65, a price-to-earnings-growth ratio of 1.76 and a beta of 2.12.

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

NVIDIA Announces Dividend

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

Insider Transactions at NVIDIA

In other news, Director Tench Coxe sold 1,000,000 shares of the company’s stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $142.80, for a total transaction of $142,800,000.00. Following the transaction, the director now directly owns 26,671,360 shares of the company’s stock, valued at $3,808,670,208. This represents a 3.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Robert K. Burgess sold 53,324 shares of the company’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 transaction, the director now directly owns 251,044 shares in the company, valued at $28,993,071.56. The trade was a 17.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,614,169 shares of company stock valued at $366,510,238 over the last ninety days. 4.17% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on NVDA shares. Barclays reiterated an “overweight” rating and issued a $170.00 target price (up previously from $155.00) on shares of NVIDIA in a research report on Thursday, May 29th. Raymond James lifted their target price on NVIDIA from $150.00 to $165.00 and gave the company a “strong-buy” rating in a research report on Thursday, May 29th. Benchmark reiterated a “buy” rating and issued a $190.00 target price on shares of NVIDIA in a research report on Thursday, May 29th. KeyCorp set a $190.00 target price on NVIDIA in a research report on Wednesday, March 19th. Finally, Stifel Nicolaus set a $180.00 target price on NVIDIA in a research report on Wednesday, March 19th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-six have issued a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, NVIDIA currently has an average 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.