NVIDIA Co. (NASDAQ:NVDA) is Trillium Asset Management LLC’s 6th Largest Position

Trillium Asset Management LLC grew its position in NVIDIA Co. (NASDAQ:NVDAFree Report) by 55.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 146,977 shares of the computer hardware maker’s stock after purchasing an additional 52,186 shares during the period. NVIDIA makes up approximately 1.9% of Trillium Asset Management LLC’s holdings, making the stock its 6th largest holding. Trillium Asset Management LLC’s holdings in NVIDIA were worth $63,934,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Peoples Financial Services CORP. acquired a new position in NVIDIA during the 3rd quarter worth approximately $30,000. Your Advocates Ltd. LLP acquired a new position in NVIDIA during the 3rd quarter worth approximately $30,000. Marquette Asset Management LLC acquired a new position in NVIDIA during the 2nd quarter worth approximately $34,000. Quarry LP acquired a new position in NVIDIA during the 1st quarter worth approximately $34,000. Finally, Compass Wealth Management LLC acquired a new position in NVIDIA during the 4th quarter worth approximately $39,000. 64.79% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director John Dabiri sold 218 shares of the company’s stock in a transaction on Friday, November 24th. The stock was sold at an average price of $484.99, for a total value of $105,727.82. Following the completion of the sale, the director now owns 2,183 shares in the company, valued at $1,058,733.17. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, Director John Dabiri sold 218 shares of the company’s stock in a transaction on Friday, November 24th. The stock was sold at an average price of $484.99, for a total value of $105,727.82. Following the completion of the sale, the director now owns 2,183 shares in the company, valued at $1,058,733.17. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Donald F. Robertson, Jr. sold 450 shares of the company’s stock in a transaction on Friday, January 5th. The shares were sold at an average price of $484.62, for a total value of $218,079.00. Following the completion of the sale, the insider now owns 50,961 shares of the company’s stock, valued at approximately $24,696,719.82. The disclosure for this sale can be found here. Insiders sold a total of 155,216 shares of company stock worth $79,810,950 over the last 90 days. 3.99% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

NVDA has been the topic of several recent research reports. Rosenblatt Securities reissued a “buy” rating on shares of NVIDIA in a research report on Wednesday, November 22nd. Truist Financial lifted their price objective on NVIDIA from $668.00 to $674.00 and gave the stock a “buy” rating in a report on Wednesday, November 22nd. Citigroup dropped their price objective on NVIDIA from $630.00 to $575.00 and set a “buy” rating on the stock in a report on Wednesday, October 18th. Bank of America lifted their price objective on NVIDIA from $650.00 to $700.00 and gave the stock a “buy” rating in a report on Wednesday, November 22nd. Finally, Wedbush restated an “outperform” rating and set a $600.00 price objective on shares of NVIDIA in a report on Friday, November 17th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-four have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $616.35.

Get Our Latest Stock Report on NVIDIA

NVIDIA Trading Up 3.6 %

Shares of NVDA stock opened at $721.33 on Monday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 3.06 and a current ratio of 3.59. NVIDIA Co. has a 1 year low of $204.21 and a 1 year high of $721.85. The stock has a fifty day moving average of $545.55 and a two-hundred day moving average of $485.68. The firm has a market capitalization of $1.78 trillion, a PE ratio of 95.16, a price-to-earnings-growth ratio of 2.89 and a beta of 1.69.

NVIDIA (NASDAQ:NVDAGet Free Report) last announced its quarterly earnings results on Tuesday, November 21st. The computer hardware maker reported $4.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.03 by $0.99. NVIDIA had a return on equity of 72.28% and a net margin of 42.10%. The company had revenue of $18.12 billion during the quarter, compared to analyst estimates of $16.19 billion. During the same quarter in the previous year, the firm posted $0.34 EPS. The firm’s quarterly revenue was up 205.5% on a year-over-year basis. As a group, research analysts expect that NVIDIA Co. will post 11.09 EPS for the current year.

NVIDIA Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 28th. Stockholders of record on Wednesday, December 6th were issued a $0.04 dividend. The ex-dividend date was Tuesday, December 5th. This represents a $0.16 annualized dividend and a dividend yield of 0.02%. NVIDIA’s dividend payout ratio (DPR) is 2.11%.

NVIDIA Profile

(Free Report)

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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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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