NVIDIA Corporation (NASDAQ:NVDA) Position Increased by Plimoth Trust Co. LLC

Plimoth Trust Co. LLC increased its position in shares of NVIDIA Corporation (NASDAQ:NVDA) by 12.6% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 133,436 shares of the computer hardware maker’s stock after purchasing an additional 14,936 shares during the period. NVIDIA makes up approximately 3.8% of Plimoth Trust Co. LLC’s portfolio, making the stock its 3rd largest position. Plimoth Trust Co. LLC’s holdings in NVIDIA were worth $14,462,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in NVDA. Compass Capital Corp MA ADV lifted its holdings in NVIDIA by 11.8% in the first quarter. Compass Capital Corp MA ADV now owns 39,007 shares of the computer hardware maker’s stock valued at $4,078,000 after acquiring an additional 4,103 shares during the period. HCR Wealth Advisors grew its stake in shares of NVIDIA by 8.1% during the 1st quarter. HCR Wealth Advisors now owns 290,676 shares of the computer hardware maker’s stock worth $31,504,000 after purchasing an additional 21,779 shares during the period. Guided Capital Wealth Management LLC increased its holdings in shares of NVIDIA by 52.5% in the 1st quarter. Guided Capital Wealth Management LLC now owns 27,788 shares of the computer hardware maker’s stock valued at $3,012,000 after purchasing an additional 9,568 shares in the last quarter. Wealthspan Partners LLC lifted its stake in shares of NVIDIA by 17.0% in the first quarter. Wealthspan Partners LLC now owns 9,263 shares of the computer hardware maker’s stock valued at $1,004,000 after purchasing an additional 1,346 shares during the period. Finally, Sterling Investment Counsel LLC boosted its holdings in NVIDIA by 50.5% during the first quarter. Sterling Investment Counsel LLC now owns 40,778 shares of the computer hardware maker’s stock worth $4,420,000 after buying an additional 13,685 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

NVIDIA Stock Performance

Shares of NVDA stock opened at $159.28 on Monday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.96 and a current ratio of 3.39. The firm has a market capitalization of $3.89 trillion, a price-to-earnings ratio of 51.38, a price-to-earnings-growth ratio of 1.41 and a beta of 2.13. NVIDIA Corporation has a one year low of $86.62 and a one year high of $160.98. The company has a 50 day moving average price of $136.38 and a 200 day moving average price of $127.81.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.06). NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The firm had revenue of $44.06 billion for the quarter, compared to analyst estimates of $43.09 billion. During the same quarter in the previous year, the company earned $0.61 earnings per share. The company’s quarterly revenue was up 69.2% on a year-over-year basis. Sell-side analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

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

Insider Transactions at NVIDIA

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $152.54, for a total transaction of $11,440,500.00. Following the completion of the sale, the chief executive officer directly owned 75,548,225 shares in the company, valued at $11,524,126,241.50. The trade was a 0.10% 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 firm’s stock in a transaction 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 directly owned 26,671,360 shares in the company, valued at approximately $3,808,670,208. This represents a 3.61% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,044,919 shares of company stock valued at $584,414,209. 4.17% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Seaport Res Ptn raised shares of NVIDIA to a “strong sell” rating in a report on Wednesday, April 30th. Raymond James Financial raised their price objective on NVIDIA from $150.00 to $165.00 and gave the company a “strong-buy” rating in a research note on Thursday, May 29th. Citigroup reiterated a “buy” rating and set a $180.00 target price (up from $150.00) on shares of NVIDIA in a research report on Thursday, May 29th. Benchmark reissued a “buy” rating and issued a $190.00 target price on shares of NVIDIA in a report on Thursday, May 29th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $175.00 price target on shares of NVIDIA in a research note on Monday, June 16th. One investment 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 issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, NVIDIA presently has a consensus rating of “Moderate Buy” and a consensus price target of $176.19.

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.