NVIDIA Co. (NASDAQ:NVDA) Shares Sold by New Hampshire Trust

New Hampshire Trust lessened its stake in NVIDIA Co. (NASDAQ:NVDA) by 1.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 120,328 shares of the computer hardware maker’s stock after selling 1,728 shares during the quarter. NVIDIA comprises approximately 3.0% of New Hampshire Trust’s investment portfolio, making the stock its 5th biggest holding. New Hampshire Trust’s holdings in NVIDIA were worth $13,041,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Fulcrum Capital LLC increased its position in NVIDIA by 1.5% in the 1st quarter. Fulcrum Capital LLC now owns 174,824 shares of the computer hardware maker’s stock valued at $18,947,000 after acquiring an additional 2,538 shares in the last quarter. James J. Burns & Company LLC boosted its stake in shares of NVIDIA by 10.4% in the 1st quarter. James J. Burns & Company LLC now owns 15,884 shares of the computer hardware maker’s stock valued at $1,722,000 after purchasing an additional 1,496 shares during the last quarter. LVM Capital Management Ltd. MI boosted its stake in shares of NVIDIA by 996.5% in the 1st quarter. LVM Capital Management Ltd. MI now owns 81,413 shares of the computer hardware maker’s stock valued at $8,824,000 after purchasing an additional 73,988 shares during the last quarter. Somerset Trust Co boosted its stake in shares of NVIDIA by 32.0% in the 1st quarter. Somerset Trust Co now owns 7,429 shares of the computer hardware maker’s stock valued at $805,000 after purchasing an additional 1,801 shares during the last quarter. Finally, IFG Advisors LLC boosted its stake in shares of NVIDIA by 2.7% in the 1st quarter. IFG Advisors LLC now owns 26,841 shares of the computer hardware maker’s stock valued at $2,909,000 after purchasing an additional 695 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

Insider Buying and Selling

In related news, Director Robert K. Burgess sold 53,324 shares of the business’s stock in a transaction on 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 directly owns 251,044 shares in the company, valued at approximately $28,993,071.56. The trade was a 17.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the business’s stock in a transaction on Friday, March 21st. The stock was sold at an average price of $116.80, for a total transaction of $525,600.00. Following the transaction, the insider now owns 479,428 shares in the company, valued at approximately $55,997,190.40. The trade was a 0.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,614,169 shares of company stock worth $366,510,238. Insiders own 4.17% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on NVDA. Raymond James raised their target price on shares of NVIDIA from $150.00 to $165.00 and gave the company a “strong-buy” rating in a research note on Thursday, May 29th. DZ Bank raised shares of NVIDIA from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 28th. Tigress Financial reissued a “buy” rating on shares of NVIDIA in a research note on Wednesday, February 26th. Needham & Company LLC reissued a “buy” rating and set a $160.00 price objective on shares of NVIDIA in a research note on Thursday, May 29th. Finally, Rosenblatt Securities lifted their price objective on shares of NVIDIA from $178.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, May 29th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-six have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, NVIDIA currently has a consensus rating of “Moderate Buy” and an average price target of $171.66.

NVIDIA Price Performance

NASDAQ NVDA opened at $143.96 on Wednesday. The company has a market capitalization 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 Co. has a 12-month low of $86.62 and a 12-month high of $153.13. The firm’s 50 day moving average is $119.94 and its 200-day moving average is $126.23. 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 issued its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.06). The firm had revenue of $44.06 billion for the quarter, compared to analyst estimates of $43.09 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. NVIDIA’s quarterly revenue was up 69.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.61 earnings per share. Equities research analysts anticipate that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

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

NVIDIA Company Profile

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.