Trust Co of Kansas Raises Holdings in NVIDIA Corporation (NASDAQ:NVDA)

Trust Co of Kansas lifted its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA) by 7.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,928 shares of the computer hardware maker’s stock after purchasing an additional 132 shares during the period. Trust Co of Kansas’ holdings in NVIDIA were worth $209,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Tacita Capital Inc acquired a new stake in NVIDIA during the fourth quarter worth approximately $28,000. Vision Financial Markets LLC acquired a new stake in NVIDIA during the fourth quarter worth approximately $38,000. Copia Wealth Management acquired a new stake in NVIDIA during the fourth quarter worth approximately $50,000. LSV Asset Management acquired a new stake in NVIDIA during the fourth quarter worth approximately $54,000. Finally, Bruce G. Allen Investments LLC boosted its position in NVIDIA by 198.2% during the first quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker’s stock worth $53,000 after acquiring an additional 327 shares during the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on NVDA shares. DA Davidson lifted their price target on NVIDIA from $120.00 to $135.00 and gave the company a “neutral” rating in a report on Thursday, May 29th. Susquehanna restated a “positive” rating and issued a $180.00 price target on shares of NVIDIA in a report on Wednesday, March 19th. Bank of America lifted their price target on NVIDIA from $180.00 to $220.00 in a report on Wednesday. Citigroup lifted their price target on NVIDIA from $180.00 to $190.00 and gave the company a “buy” rating in a report on Monday, July 7th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $200.00 price target on shares of NVIDIA in a report on Wednesday, April 16th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, thirty-four have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $181.22.

Insider Buying and Selling at NVIDIA

In related news, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction on Monday, July 14th. The shares were sold at an average price of $164.36, for a total transaction of $12,327,000.00. Following the sale, the chief executive officer owned 74,648,225 shares of the company’s stock, valued at $12,269,182,261. The trade was a 0.10% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director A Brooke Seawell sold 48,792 shares of NVIDIA stock in a transaction on Monday, July 14th. The stock was sold at an average price of $163.96, for a total transaction of $7,999,936.32. Following the sale, the director directly owned 1,729,478 shares in the company, valued at $283,565,212.88. This trade represents a 2.74% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,767,150 shares of company stock worth $701,030,045 in the last ninety days. 4.17% of the stock is currently owned by insiders.

NVIDIA Stock Performance

NVIDIA stock opened at $171.37 on Thursday. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $172.40. The company has a market capitalization of $4.18 trillion, a price-to-earnings ratio of 55.28, a price-to-earnings-growth ratio of 1.51 and a beta of 2.13. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.39 and a quick ratio of 2.96. The firm’s fifty day moving average price is $144.76 and its 200 day moving average price is $129.39.

NVIDIA (NASDAQ:NVDA) last released its quarterly 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). 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 analysts’ expectations of $43.09 billion. During the same period last year, the firm earned $0.61 EPS. The business’s quarterly revenue was up 69.2% on a year-over-year basis. On average, research analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th were paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.02%. The ex-dividend date of this dividend was Wednesday, June 11th. NVIDIA’s dividend payout ratio (DPR) is 1.29%.

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.