Home Federal Bank of Tennessee Has $298,000 Stock Holdings in NVIDIA Corporation (NASDAQ:NVDA)

Home Federal Bank of Tennessee trimmed its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 15.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,750 shares of the computer hardware maker’s stock after selling 500 shares during the quarter. Home Federal Bank of Tennessee’s holdings in NVIDIA were worth $298,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Tacita Capital Inc acquired a new position in NVIDIA during the 4th quarter worth approximately $28,000. Vision Financial Markets LLC acquired a new position in NVIDIA during the 4th quarter worth approximately $38,000. Luken Investment Analytics LLC acquired a new position in NVIDIA during the 4th quarter worth approximately $40,000. Copia Wealth Management acquired a new position in NVIDIA during the 4th quarter worth approximately $50,000. Finally, LSV Asset Management acquired a new position in NVIDIA during the 4th quarter worth approximately $54,000. 65.27% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently commented on NVDA. Benchmark reissued a “buy” rating and issued a $190.00 price objective on shares of NVIDIA in a research note on Thursday, May 29th. William Blair reissued an “outperform” rating on shares of NVIDIA in a research note on Thursday, March 20th. Arete Research raised NVIDIA to a “strong-buy” rating in a research note on Wednesday, May 21st. Morgan Stanley reissued an “overweight” rating and issued a $170.00 price objective (up from $160.00) on shares of NVIDIA in a research note on Thursday, May 29th. Finally, DZ Bank raised NVIDIA from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 28th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-five have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $173.05.

NVIDIA Stock Up 0.2%

Shares of NASDAQ:NVDA opened at $144.17 on Tuesday. The stock’s 50-day moving average price is $127.04 and its 200-day moving average price is $126.44. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $153.13. The stock has a market capitalization of $3.52 trillion, a P/E ratio of 46.51, a price-to-earnings-growth ratio of 1.27 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 (NASDAQ:NVDA) last posted its 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). The business had revenue of $44.06 billion during the quarter, compared to the consensus estimate of $43.09 billion. NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The firm’s revenue for the quarter was up 69.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.61 earnings per share. On average, equities analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current 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 given a dividend of $0.01 per share. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $0.04 annualized dividend and a yield of 0.03%. NVIDIA’s payout ratio is 1.29%.

Insider Buying and Selling at NVIDIA

In other news, Director Tench Coxe sold 1,000,000 shares of NVIDIA stock in a transaction that occurred on 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 completion of the transaction, the director now directly owns 26,671,360 shares in the company, valued at approximately $3,808,670,208. This trade represents a 3.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jen Hsun Huang sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $144.26, for a total transaction of $7,213,000.00. Following the completion of the transaction, the chief executive officer now owns 75,723,225 shares of the company’s stock, valued at approximately $10,923,832,438.50. The trade was a 0.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,228,433 shares of company stock valued at $459,710,171. 4.17% of the stock is currently owned by corporate insiders.

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.