Trust Co. of Vermont Acquires 16,765 Shares of NVIDIA Corporation (NASDAQ:NVDA)

Trust Co. of Vermont grew its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 5.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 336,461 shares of the computer hardware maker’s stock after acquiring an additional 16,765 shares during the quarter. NVIDIA comprises about 1.8% of Trust Co. of Vermont’s holdings, making the stock its 8th largest position. Trust Co. of Vermont’s holdings in NVIDIA were worth $36,466,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the stock. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its stake in NVIDIA by 15.5% during the first quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 1,557,838 shares of the computer hardware maker’s stock worth $160,006,000 after acquiring an additional 209,094 shares during the last quarter. Park Place Capital Corp increased its position in NVIDIA by 5.0% during the 1st quarter. Park Place Capital Corp now owns 68,421 shares of the computer hardware maker’s stock worth $7,415,000 after purchasing an additional 3,274 shares in the last quarter. Alta Wealth Advisors LLC increased its position in NVIDIA by 3.5% during the 1st quarter. Alta Wealth Advisors LLC now owns 71,356 shares of the computer hardware maker’s stock worth $7,734,000 after purchasing an additional 2,409 shares in the last quarter. Hidden Cove Wealth Management LLC raised its holdings in NVIDIA by 0.5% in the first quarter. Hidden Cove Wealth Management LLC now owns 23,709 shares of the computer hardware maker’s stock valued at $2,570,000 after buying an additional 114 shares during the period. Finally, Board of the Pension Protection Fund grew its stake in NVIDIA by 100.0% during the first quarter. Board of the Pension Protection Fund now owns 4,800 shares of the computer hardware maker’s stock worth $520,000 after buying an additional 2,400 shares during the period. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Mark A. Stevens sold 935,000 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $140.92, for a total transaction of $131,760,200.00. Following the completion of the sale, the director directly owned 9,214,697 shares of the company’s stock, valued at approximately $1,298,535,101.24. This represents a 9.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Tench Coxe sold 1,000,000 shares of the business’s stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $142.80, for a total value of $142,800,000.00. Following the completion of the sale, the director owned 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 disclosure for this sale can be found here. Insiders have sold 4,964,800 shares of company stock valued at $734,906,003 over the last 90 days. Company insiders own 4.17% of the company’s stock.

Wall Street Analyst Weigh In

NVDA has been the topic of a number of recent analyst reports. Phillip Securities upgraded shares of NVIDIA from a “moderate buy” rating to a “strong-buy” rating in a report on Monday, July 14th. Seaport Res Ptn upgraded NVIDIA to a “strong sell” rating in a report on Wednesday, April 30th. Arete Research raised NVIDIA to a “strong-buy” rating in a research report on Wednesday, May 21st. UBS Group restated a “buy” rating on shares of NVIDIA in a research note on Friday, May 23rd. Finally, The Goldman Sachs Group initiated coverage on NVIDIA in a research note on Thursday, July 10th. They set a “buy” rating and a $185.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-three have given a buy rating and four have given a strong buy rating to the company. Based on data from MarketBeat, NVIDIA presently has an average rating of “Moderate Buy” and a consensus target price of $181.22.

NVIDIA Stock Performance

NVIDIA stock opened at $172.41 on Friday. 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 stock has a fifty day moving average price of $146.99 and a two-hundred day moving average price of $129.86. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $174.25. The firm has a market capitalization of $4.21 trillion, a P/E ratio of 55.62, a P/E/G ratio of 1.52 and a beta of 2.13.

NVIDIA (NASDAQ:NVDA) last announced its 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 return on equity of 105.09% and a net margin of 51.69%. The company had revenue of $44.06 billion during the quarter, compared to the consensus estimate of $43.09 billion. During the same period in the prior year, the firm posted $0.61 earnings per share. The company’s revenue was up 69.2% on a year-over-year basis. As a group, analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently declared 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 0.02%. The ex-dividend date of this dividend was Wednesday, June 11th. NVIDIA’s dividend payout ratio (DPR) is currently 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.