Dakota Community Bank & Trust NA grew its holdings in shares of NVIDIA Co. (NASDAQ:NVDA – Free Report) by 41.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 303 shares of the computer hardware maker’s stock after purchasing an additional 89 shares during the period. Dakota Community Bank & Trust NA’s holdings in NVIDIA were worth $84,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Personal Capital Advisors Corp grew its position in shares of NVIDIA by 29.9% during the fourth quarter. Personal Capital Advisors Corp now owns 622,700 shares of the computer hardware maker’s stock worth $91,001,000 after buying an additional 143,483 shares in the last quarter. Avala Global LP acquired a new position in shares of NVIDIA during the fourth quarter worth about $16,455,000. DGS Capital Management LLC grew its position in shares of NVIDIA by 9.0% during the fourth quarter. DGS Capital Management LLC now owns 3,036 shares of the computer hardware maker’s stock worth $444,000 after buying an additional 250 shares in the last quarter. Dash Acquisitions Inc. acquired a new position in shares of NVIDIA during the first quarter worth about $284,000. Finally, Thrive Wealth Management LLC grew its position in shares of NVIDIA by 3.8% during the first quarter. Thrive Wealth Management LLC now owns 3,100 shares of the computer hardware maker’s stock worth $861,000 after buying an additional 114 shares in the last quarter. 64.00% of the stock is currently owned by hedge funds and other institutional investors.
NVIDIA Trading Down 1.8 %
NASDAQ:NVDA opened at $411.17 on Thursday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.79 and a current ratio of 3.43. The stock has a market capitalization of $1.02 trillion, a price-to-earnings ratio of 214.15, a PEG ratio of 2.80 and a beta of 1.75. NVIDIA Co. has a 1 year low of $108.13 and a 1 year high of $439.90. The stock has a fifty day moving average price of $346.11 and a two-hundred day moving average price of $259.96.
NVIDIA Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Thursday, June 8th will be issued a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.04%. The ex-dividend date of this dividend is Wednesday, June 7th. NVIDIA’s dividend payout ratio (DPR) is 8.33%.
Insider Buying and Selling at NVIDIA
In other NVIDIA news, Director John Dabiri sold 283 shares of the company’s stock in a transaction on Monday, June 26th. The stock was sold at an average price of $424.53, for a total value of $120,141.99. Following the sale, the director now owns 2,401 shares of the company’s stock, valued at $1,019,296.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Colette Kress sold 6,124 shares of the stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $406.51, for a total transaction of $2,489,467.24. Following the sale, the chief financial officer now owns 538,745 shares of the company’s stock, valued at $219,005,229.95. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director John Dabiri sold 283 shares of the stock in a transaction on Monday, June 26th. The shares were sold at an average price of $424.53, for a total value of $120,141.99. Following the sale, the director now directly owns 2,401 shares in the company, valued at approximately $1,019,296.53. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 368,271 shares of company stock valued at $147,115,953. Insiders own 3.99% of the company’s stock.
Analyst Ratings Changes
NVDA has been the subject of a number of analyst reports. Stifel Nicolaus boosted their price objective on NVIDIA from $225.00 to $300.00 in a research report on Tuesday, May 23rd. BMO Capital Markets upped their price target on NVIDIA from $350.00 to $450.00 in a report on Thursday, May 25th. TD Cowen upped their price target on NVIDIA from $260.00 to $300.00 and gave the company an “outperform” rating in a report on Wednesday, March 22nd. Robert W. Baird raised NVIDIA from a “neutral” rating to an “outperform” rating and upped their price target for the company from $300.00 to $475.00 in a report on Thursday, May 25th. Finally, Mizuho upped their price target on NVIDIA from $290.00 to $400.00 in a report on Thursday, May 25th. One analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $383.19.
NVIDIA Company Profile
NVIDIA Corporation provides graphics, and 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 infotainment systems; and Omniverse software for building 3D designs and virtual worlds.
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