Arlington Trust Co LLC Has $6.16 Million Stock Holdings in NVIDIA Corporation (NASDAQ:NVDA)

Arlington Trust Co LLC raised its stake in NVIDIA Corporation (NASDAQ:NVDA) by 1.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 56,809 shares of the computer hardware maker’s stock after purchasing an additional 1,027 shares during the quarter. NVIDIA makes up about 1.3% of Arlington Trust Co LLC’s portfolio, making the stock its 14th biggest holding. Arlington Trust Co LLC’s holdings in NVIDIA were worth $6,157,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in NVDA. Tacita Capital Inc bought a new position in shares of NVIDIA during the 4th quarter worth approximately $28,000. Vision Financial Markets LLC acquired a new stake in NVIDIA during the 4th quarter valued at $38,000. Copia Wealth Management acquired a new stake in NVIDIA during the 4th quarter valued at $50,000. LSV Asset Management acquired a new stake in NVIDIA during the 4th quarter valued at $54,000. Finally, Barnes Dennig Private Wealth Management LLC bought a new position in NVIDIA during the first quarter worth $51,000. Institutional investors and hedge funds own 65.27% of the company’s stock.

NVIDIA Stock Performance

NVIDIA stock opened at $173.50 on Friday. The company has a quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10. The stock has a market cap of $4.23 trillion, a PE ratio of 55.97, a P/E/G ratio of 1.53 and a beta of 2.13. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $174.72. The business’s 50-day moving average price is $150.95 and its two-hundred day moving average price is $130.86.

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

NVIDIA Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th were paid a dividend of $0.01 per share. 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 0.02%. NVIDIA’s payout ratio is presently 1.29%.

Insider Activity at NVIDIA

In other NVIDIA news, EVP Ajay K. Puri sold 168,195 shares of the stock in a transaction dated 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 directly owned 4,018,547 shares in the company, valued at approximately $613,391,014.08. This trade represents a 4.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jen Hsun Huang sold 75,000 shares of the business’s stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $152.54, for a total value of $11,440,500.00. Following the sale, the chief executive officer owned 75,548,225 shares in the company, valued at approximately $11,524,126,241.50. This trade represents a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,114,800 shares of company stock valued at $760,553,003 over the last three months. 4.17% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

NVDA has been the topic of several research analyst reports. Truist Financial increased their price objective on shares of NVIDIA from $205.00 to $210.00 and gave the company a “buy” rating in a research report on Thursday, May 29th. Rosenblatt Securities upped their price target on shares of NVIDIA from $178.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, May 29th. UBS Group reissued a “buy” rating on shares of NVIDIA in a report on Friday, May 23rd. Phillip Securities upgraded NVIDIA from a “moderate buy” rating to a “strong-buy” rating in a report on Monday, July 14th. Finally, Hsbc Global Res downgraded NVIDIA from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 3rd. One analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-three have issued a buy rating and four have given a strong buy rating to the stock. According to MarketBeat, NVIDIA currently has an average rating of “Moderate Buy” and a consensus target price of $181.22.

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.