First National Trust Co. boosted its position in shares of NVIDIA Corporation (NASDAQ:NVDA) by 7.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,658 shares of the computer hardware maker’s stock after buying an additional 514 shares during the period. First National Trust Co.’s holdings in NVIDIA Corporation were worth $1,369,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in NVDA. Janus Henderson Group PLC grew its stake in NVIDIA Corporation by 5,424.4% during the second quarter. Janus Henderson Group PLC now owns 4,096,888 shares of the computer hardware maker’s stock worth $592,244,000 after buying an additional 4,022,728 shares in the last quarter. Vanguard Group Inc. grew its stake in NVIDIA Corporation by 7.1% during the second quarter. Vanguard Group Inc. now owns 40,257,187 shares of the computer hardware maker’s stock worth $5,819,579,000 after buying an additional 2,676,976 shares in the last quarter. Jackson Square Partners LLC acquired a new stake in NVIDIA Corporation during the second quarter worth about $229,323,000. Janus Capital Management LLC grew its stake in NVIDIA Corporation by 20.0% during the first quarter. Janus Capital Management LLC now owns 5,368,881 shares of the computer hardware maker’s stock worth $584,832,000 after buying an additional 895,591 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in NVIDIA Corporation by 19.3% during the second quarter. Renaissance Technologies LLC now owns 4,758,793 shares of the computer hardware maker’s stock worth $687,931,000 after buying an additional 768,200 shares in the last quarter. Hedge funds and other institutional investors own 65.40% of the company’s stock.

A number of research firms have recently commented on NVDA. Canaccord Genuity reissued a “buy” rating and issued a $155.00 target price on shares of NVIDIA Corporation in a report on Monday, July 17th. Mizuho reissued a “buy” rating and issued a $170.00 target price on shares of NVIDIA Corporation in a report on Friday, July 21st. Summit Redstone reissued a “buy” rating on shares of NVIDIA Corporation in a report on Saturday, July 22nd. BidaskClub raised shares of NVIDIA Corporation from a “buy” rating to a “strong-buy” rating in a report on Monday, July 24th. Finally, B. Riley reissued a “buy” rating and issued a $200.00 target price (up previously from $135.00) on shares of NVIDIA Corporation in a report on Monday, August 7th. Four investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $185.41.

NVIDIA Corporation (NVDA) traded up $1.36 during midday trading on Tuesday, hitting $213.99. The stock had a trading volume of 5,874,619 shares, compared to its average volume of 17,758,639. The company has a market cap of $127,580.00, a PE ratio of 53.24, a price-to-earnings-growth ratio of 5.34 and a beta of 1.23. NVIDIA Corporation has a 12 month low of $83.62 and a 12 month high of $218.67. The company has a quick ratio of 7.42, a current ratio of 8.26 and a debt-to-equity ratio of 0.31.

NVIDIA Corporation (NASDAQ:NVDA) last released its earnings results on Thursday, November 9th. The computer hardware maker reported $1.33 EPS for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.39. The company had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.36 billion. NVIDIA Corporation had a return on equity of 42.71% and a net margin of 28.78%. The business’s revenue for the quarter was up 31.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.94 EPS. equities research analysts forecast that NVIDIA Corporation will post 3.61 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 24th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.28%. This is a boost from NVIDIA Corporation’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Wednesday, November 22nd. NVIDIA Corporation’s payout ratio is presently 14.00%.

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In other news, EVP Debora Shoquist sold 33,498 shares of NVIDIA Corporation stock in a transaction on Tuesday, October 10th. The stock was sold at an average price of $189.24, for a total transaction of $6,339,161.52. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Colette Kress sold 22,808 shares of NVIDIA Corporation stock in a transaction on Monday, October 9th. The stock was sold at an average price of $185.31, for a total value of $4,226,550.48. The disclosure for this sale can be found here. Insiders have sold a total of 436,503 shares of company stock worth $78,796,295 over the last quarter. Company insiders own 5.17% of the company’s stock.

NVIDIA Corporation Company Profile

Nvidia Corporation focuses on personal computer (PC) graphics, graphics processing unit (GPU) and also on artificial intelligence (AI). The Company’s operates through two segments: GPU and Tegra Processor. The Company’s GPU product brands are aimed at specialized markets, including GeForce for gamers; Quadro for designers; Tesla and DGX for AI data scientists and big data researchers; and GRID for cloud-based visual computing users.

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Institutional Ownership by Quarter for NVIDIA Corporation (NASDAQ:NVDA)

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