UMB Bank n.a. Sells 6,907 Shares of NVIDIA Corporation (NASDAQ:NVDA)

UMB Bank n.a. reduced its position in shares of NVIDIA Corporation (NASDAQ:NVDA) by 0.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,399,141 shares of the computer hardware maker’s stock after selling 6,907 shares during the period. NVIDIA comprises 2.5% of UMB Bank n.a.’s portfolio, making the stock its 6th largest position. UMB Bank n.a.’s holdings in NVIDIA were worth $151,639,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the company. Wealth Group Ltd. raised its holdings in NVIDIA by 1.8% in the fourth quarter. Wealth Group Ltd. now owns 5,702 shares of the computer hardware maker’s stock valued at $766,000 after acquiring an additional 100 shares in the last quarter. Tallon Kerry Patrick acquired a new stake in NVIDIA in the fourth quarter valued at $972,000. Capital & Planning LLC raised its holdings in NVIDIA by 16.9% in the fourth quarter. Capital & Planning LLC now owns 7,604 shares of the computer hardware maker’s stock valued at $1,021,000 after acquiring an additional 1,099 shares in the last quarter. Ironwood Wealth Management LLC. raised its holdings in NVIDIA by 1.6% in the fourth quarter. Ironwood Wealth Management LLC. now owns 6,483 shares of the computer hardware maker’s stock valued at $871,000 after acquiring an additional 104 shares in the last quarter. Finally, Brighton Jones LLC raised its holdings in NVIDIA by 12.4% in the fourth quarter. Brighton Jones LLC now owns 324,901 shares of the computer hardware maker’s stock valued at $43,631,000 after acquiring an additional 35,815 shares in the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

NVIDIA Price Performance

Shares of NASDAQ NVDA opened at $143.83 on Friday. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $153.13. The company has a current ratio of 3.39, a quick ratio of 2.96 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $3.51 trillion, a price-to-earnings ratio of 46.40, a PEG ratio of 1.28 and a beta of 2.12. The firm has a 50-day moving average of $126.37 and a two-hundred day moving average of $126.69.

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

NVIDIA Announces Dividend

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

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director Mark A. Stevens sold 190,000 shares of the company’s stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $142.51, for a total transaction of $27,076,900.00. Following the completion of the sale, the director now directly owns 8,855,848 shares of the company’s stock, valued at approximately $1,262,046,898.48. This represents a 2.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Tench Coxe sold 1,000,000 shares of the company’s stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $142.80, for a total transaction of $142,800,000.00. Following the sale, 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 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. 4.17% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Bank of America increased their target price on shares of NVIDIA from $150.00 to $160.00 and gave the stock a “buy” rating in a report on Wednesday, May 14th. Piper Sandler reissued an “overweight” rating and set a $180.00 target price (up from $150.00) on shares of NVIDIA in a report on Wednesday, May 28th. DZ Bank raised shares of NVIDIA from a “hold” rating to a “strong-buy” rating in a report on Friday, February 28th. HSBC cut shares of NVIDIA from a “buy” rating to a “hold” rating and set a $120.00 target price on the stock. in a report on Thursday, April 3rd. Finally, Susquehanna reissued a “positive” rating and set a $180.00 target price on shares of NVIDIA in a report on Wednesday, March 19th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-five have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $173.05.

NVIDIA 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.