NBT Bank N A NY Sells 1,167 Shares of NVIDIA Corporation (NASDAQ:NVDA)

NBT Bank N A NY trimmed its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 1.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 71,375 shares of the computer hardware maker’s stock after selling 1,167 shares during the quarter. NBT Bank N A NY’s holdings in NVIDIA were worth $7,736,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Tacita Capital Inc purchased a new stake in shares of NVIDIA in the 4th quarter valued at about $28,000. Vision Financial Markets LLC purchased a new stake in shares of NVIDIA in the 4th quarter valued at about $38,000. Copia Wealth Management purchased a new stake in shares of NVIDIA in the 4th quarter valued at about $50,000. LSV Asset Management purchased a new stake in shares of NVIDIA in the 4th quarter valued at about $54,000. Finally, Bruce G. Allen Investments LLC raised its holdings in shares of NVIDIA by 198.2% in the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker’s stock valued at $53,000 after acquiring an additional 327 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on NVDA shares. Loop Capital raised their price objective on NVIDIA from $175.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, June 25th. Benchmark reissued a “buy” rating and set a $190.00 price objective on shares of NVIDIA in a report on Thursday, May 29th. TD Cowen raised their price objective on NVIDIA from $140.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, May 29th. Morgan Stanley reissued an “overweight” rating and set a $170.00 price objective (up from $160.00) on shares of NVIDIA in a report on Thursday, May 29th. Finally, Barclays raised their price objective on NVIDIA from $170.00 to $200.00 and gave the company an “overweight” rating in a report on Tuesday, June 17th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-four have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $176.19.

NVIDIA Price Performance

Shares of NVDA stock opened at $159.28 on Friday. The firm has a market cap of $3.89 trillion, a P/E ratio of 51.38, a P/E/G ratio of 1.39 and a beta of 2.13. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $160.98. The business’s 50 day moving average price is $135.41 and its 200-day moving average price is $127.64. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.96 and a current ratio of 3.39.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data 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 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%. NVIDIA’s quarterly revenue was up 69.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.61 earnings per share. On average, equities research analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

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

Insider Transactions at NVIDIA

In other news, EVP Ajay K. Puri sold 168,195 shares of the firm’s stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $152.64, for a total value of $25,673,284.80. Following the completion of the transaction, the executive vice president owned 4,018,547 shares in the company, valued at $613,391,014.08. This trade represents a 4.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Mark A. Stevens sold 935,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $140.92, for a total value of $131,760,200.00. Following the completion of the transaction, the director owned 9,214,697 shares of the company’s stock, valued at approximately $1,298,535,101.24. The trade was a 9.21% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,044,919 shares of company stock worth $584,414,209. 4.17% of the stock is owned by company 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.