Bank of New Hampshire Increases Holdings in NVIDIA Corporation (NASDAQ:NVDA)

Bank of New Hampshire increased its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 0.5% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 52,051 shares of the computer hardware maker’s stock after buying an additional 277 shares during the period. NVIDIA comprises approximately 1.5% of Bank of New Hampshire’s investment portfolio, making the stock its 17th biggest holding. Bank of New Hampshire’s holdings in NVIDIA were worth $5,641,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Hickory Point Bank & Trust acquired a new position in shares of NVIDIA during the fourth quarter worth $2,272,000. BTC Capital Management Inc. increased its position in shares of NVIDIA by 2.3% in the 1st quarter. BTC Capital Management Inc. now owns 330,176 shares of the computer hardware maker’s stock valued at $35,785,000 after acquiring an additional 7,476 shares during the period. Capital Performance Advisors LLP increased its position in shares of NVIDIA by 59.3% in the 4th quarter. Capital Performance Advisors LLP now owns 26,700 shares of the computer hardware maker’s stock valued at $3,586,000 after acquiring an additional 9,944 shares during the period. Waddell & Associates LLC boosted its holdings in NVIDIA by 1.2% in the fourth quarter. Waddell & Associates LLC now owns 24,124 shares of the computer hardware maker’s stock valued at $3,240,000 after purchasing an additional 297 shares during the last quarter. Finally, Strategy Asset Managers LLC boosted its holdings in NVIDIA by 0.8% in the fourth quarter. Strategy Asset Managers LLC now owns 52,307 shares of the computer hardware maker’s stock valued at $7,024,000 after purchasing an additional 405 shares during the last quarter. Institutional investors own 65.27% of the company’s stock.

NVIDIA Stock Down 1.1%

Shares of NASDAQ NVDA opened at $143.83 on Friday. The stock has a market cap of $3.51 trillion, a P/E ratio of 46.40, a PEG ratio of 1.28 and a beta of 2.12. The company has a current ratio of 3.39, a quick ratio of 2.96 and a debt-to-equity ratio of 0.10. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $153.13. The business’s fifty day simple moving average is $126.37 and its 200-day simple moving average is $126.69.

NVIDIA (NASDAQ:NVDA) last posted its 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 business had revenue of $44.06 billion during the quarter, compared to analysts’ expectations of $43.09 billion. NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The business’s quarterly revenue was up 69.2% compared to the same quarter last year. During the same period last year, the company earned $0.61 EPS. As a group, equities analysts predict that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th will be issued 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 of this dividend is Wednesday, June 11th. NVIDIA’s payout ratio is 1.29%.

Analyst Ratings Changes

NVDA has been the topic of several recent analyst reports. Oppenheimer reissued an “outperform” rating and set a $175.00 target price on shares of NVIDIA in a research note on Monday, June 16th. Citigroup restated a “buy” rating and set a $180.00 price target (up previously from $150.00) on shares of NVIDIA in a research report on Thursday, May 29th. Rosenblatt Securities increased their price objective on shares of NVIDIA from $178.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, May 29th. Needham & Company LLC reiterated a “buy” rating and issued a $160.00 price objective on shares of NVIDIA in a report on Thursday, May 29th. Finally, TD Cowen increased their price objective on NVIDIA from $140.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, May 29th. One analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-five have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $173.05.

Insiders Place Their Bets

In related news, Director Mark A. Stevens sold 935,000 shares of the firm’s stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $140.92, for a total transaction of $131,760,200.00. Following the transaction, the director now owns 9,214,697 shares of the company’s stock, valued at $1,298,535,101.24. This trade represents a 9.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Robert K. Burgess sold 50,000 shares of the firm’s stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $134.82, for a total value of $6,741,000.00. Following the transaction, the director now directly owns 201,044 shares in the company, valued at approximately $27,104,752.08. This represents a 19.92% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,469,685 shares of company stock valued at $349,669,962. 4.17% of the stock is currently owned by insiders.

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.