Sentinel Pension Advisors LLC Buys 481 Shares of NVIDIA Corporation (NASDAQ:NVDA)

Sentinel Pension Advisors LLC lifted its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 22.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,636 shares of the computer hardware maker’s stock after purchasing an additional 481 shares during the quarter. Sentinel Pension Advisors LLC’s holdings in NVIDIA were worth $286,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Clean Yield Group raised its holdings in shares of NVIDIA by 21.0% in the 1st quarter. Clean Yield Group now owns 94,046 shares of the computer hardware maker’s stock worth $10,193,000 after acquiring an additional 16,295 shares during the last quarter. Bourne Lent Asset Management Inc. raised its holdings in shares of NVIDIA by 2.6% in the 1st quarter. Bourne Lent Asset Management Inc. now owns 16,615 shares of the computer hardware maker’s stock worth $1,801,000 after acquiring an additional 425 shares during the last quarter. LexAurum Advisors LLC raised its holdings in shares of NVIDIA by 3.7% in the 1st quarter. LexAurum Advisors LLC now owns 58,645 shares of the computer hardware maker’s stock worth $6,356,000 after acquiring an additional 2,075 shares during the last quarter. ONE Advisory Partners LLC acquired a new stake in shares of NVIDIA in the 1st quarter worth about $6,731,000. Finally, TB Alternative Assets Ltd. acquired a new stake in shares of NVIDIA in the 1st quarter worth about $8,387,000. Institutional investors own 65.27% of the company’s stock.

Insider Activity

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

NVIDIA Stock Performance

NVIDIA stock opened at $143.83 on Friday. The company has a quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $3.51 trillion, a PE ratio of 46.40, a P/E/G ratio of 1.28 and a beta of 2.12. The firm has a fifty day simple moving average of $126.37 and a two-hundred day simple moving average of $126.69. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $153.13.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data 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 the consensus estimate of $43.09 billion. NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The business’s revenue was up 69.2% on a year-over-year basis. During the same period last year, the company posted $0.61 earnings per share. Research analysts expect that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th will be paid 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 dividend payout ratio (DPR) is 1.29%.

Analyst Upgrades and Downgrades

NVDA has been the topic of a number of analyst reports. Seaport Res Ptn upgraded shares of NVIDIA to a “strong sell” rating in a report on Wednesday, April 30th. Barclays increased their price objective on shares of NVIDIA from $170.00 to $200.00 and gave the company an “overweight” rating in a research note on Tuesday. Summit Insights upgraded shares of NVIDIA from a “hold” rating to a “buy” rating in a research note on Thursday, May 29th. Bank of America increased their price objective on shares of NVIDIA from $150.00 to $160.00 and gave the company a “buy” rating in a research note on Wednesday, May 14th. Finally, Benchmark reiterated a “buy” rating and issued a $190.00 price objective on shares of NVIDIA in a research note on Thursday, May 29th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-five have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, NVIDIA presently has a consensus rating of “Moderate Buy” and an average target price of $173.05.

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.