Trinity Legacy Partners LLC grew its stake in NVIDIA Co. (NASDAQ:NVDA – Get Rating) by 6.2% in the first quarter, HoldingsChannel reports. The fund owned 22,411 shares of the computer hardware maker shares’s stock after acquiring an additional 1,300 during the period. NVIDIA accounts for 2.1% of Trinity Legacy Partners LLC’s holdings, making the stock its 12th largest position. Trinity Legacy Partners LLC’s holdings in NVIDIA were worth $6,115,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. Its position grew in shares of NVIDIA by 2.1% during the 4th quarter. BlackRock Inc. Now owns 177,839,722 shares of the computer hardware maker’s stock worth $52,304,441,000 after buying an additional 3,591,440 shares during the period. Geode Capital Management LLC grew its position in shares of NVIDIA by 3.7% during the 4th quarter. Geode Capital Management LLC now owns 41,888,133 shares of the computer hardware maker’s stock worth $12,287,340,000 after buying an additional 1,505,461 shares during the period. Northern Trust Corp grew its position in shares of NVIDIA by 0.3% during the 4th quarter. Northern Trust Corp now owns 28,364,911 shares of the computer hardware maker’s stock worth $8,342,404,000 after buying an additional 88,332 shares during the period. Norges Bank acquired a new stake in shares of NVIDIA during the 4th quarter worth approximately $6,279,217,000. Finally, UBS Asset Management Americas Inc. Its position grew in shares of NVIDIA by 296.4% during the 3rd quarter. UBS Asset Management Americas Inc. Now owns 13,108,247 shares of the computer hardware maker’s stock worth $2,715,504,000 after buying an additional 9,801,806 shares during the period. 55.19% of the stock is owned by institutional investors.
NVDA has been the subject of several analyst reports. Cowen lowered their price target on shares of NVIDIA from $350.00 to $265.00 in a research report on Thursday, May 26th. Atlantic Securities decreased their objective price on shares of NVIDIA to $205.00 in a report on Thursday, May 26th. Susquehanna Bancshares decreased their objective price on shares of NVIDIA from $280.00 to $260.00 and set a “positive” rating for the company in a report on Thursday, May 26th. Benchmark restated a “buy” rating and set a $228.00 objective price (down previously from $365.00) on shares of NVIDIA in a report on Thursday, May 26th. Finally, StockNews.com started coverage on shares of NVIDIA in a report on Thursday, March 31st. They set a “hold” rating for the company. Seven equities research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $270.97.
NASDAQ:NVDA opened at $171.26 on Friday. NVIDIA Co. has a one year low of $153.28 and a one year high of $346.47. The company has a market cap of $428.15 billion, a P/E ratio of 45.91, a P/E/G ratio of 2.20 and a beta of 1.59. The firm’s fifty day moving average price is $180.53 and its two-hundred day moving average price is $230.97. The company has a debt-to-equity ratio of 0.42, a current ratio of 5.32 and a quick ratio of 4.75.
NVIDIA (NASDAQ:NVDA – Get Rating) last released its quarterly earnings data on Wednesday, May 25th. The computer hardware maker reported $1.36 EPS for the quarter, beating the consensus estimate of $1.29 by $0.07. NVIDIA had a net margin of 32.02% and a return on equity of 43.81%. The firm had revenue of $8.29 billion for the quarter, compared to the consensus estimate of $8.09 billion. During the same period in the previous year, the company earned $0.78 earnings per share. The company’s quarterly revenue was up 46.4% on a year-over-year basis. As a group, equities research analysts expect that NVIDIA Co. will post 4.54 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 1st. Shareholders of record on Thursday, June 9th will be issued a $0.04 dividend. The ex-dividend date is Wednesday, June 8th. This represents a $0.16 annualized dividend and a dividend yield of 0.09%. NVIDIA’s dividend payout ratio is currently 4.29%.
In related news, Director Tench Coxe sold 100,000 shares of the company’s stock in a transaction dated Monday, March 28th. The shares were sold at an average price of $274.06, for a total value of $27,406,000.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Debora Shoquist sold 23,644 shares of the company’s stock in a transaction dated Wednesday, June 8th. The shares were sold at an average price of $188.23, for a total transaction of $4,450,510.12. Following the completion of the transaction, the executive vice president now owns 186,476 shares in the company, valued at $35,100,377.48. The disclosure for this sale can be found here. Over the last quarter, insiders sold 239,694 shares of company stock worth $50,256,524. Corporate insiders own 4.04% of the company’s stock.
NVIDIA Company Profile (Get Rating)
NVIDIA Corporation provides graphics, compute and networking solutions in the United States, Taiwan, China, and internationally. The company’s 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; vGPU software for cloud-based visual and virtual computing; automotive platforms for information systems; and Omniverse software for building 3D designs and virtual worlds.
Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Co. (NASDAQ:NVDA – Get Rating).
Receive News & Ratings for NVIDIA Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for NVIDIA and related companies with MarketBeat.com’s FREE daily email newsletter.