NVIDIA Co. (NASDAQ:NVDA) Stock Position Boosted by Trillium Asset Management LLC

Trillium Asset Management LLC raised its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 20.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 176,449 shares of the computer hardware maker’s stock after buying an additional 29,472 shares during the quarter. NVIDIA comprises about 2.4% of Trillium Asset Management LLC’s investment portfolio, making the stock its 4th largest holding. Trillium Asset Management LLC’s holdings in NVIDIA were worth $87,381,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. International Assets Investment Management LLC boosted its holdings in NVIDIA by 54,019.5% in the fourth quarter. International Assets Investment Management LLC now owns 16,866,869 shares of the computer hardware maker’s stock worth $8,352,811,000 after acquiring an additional 16,835,703 shares in the last quarter. Vanguard Group Inc. lifted its position in NVIDIA by 1.1% during the 3rd quarter. Vanguard Group Inc. now owns 203,680,199 shares of the computer hardware maker’s stock worth $88,598,850,000 after acquiring an additional 2,287,471 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of NVIDIA by 44.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,349,610 shares of the computer hardware maker’s stock worth $3,144,490,000 after purchasing an additional 1,941,637 shares during the last quarter. California Public Employees Retirement System lifted its holdings in shares of NVIDIA by 31.8% during the fourth quarter. California Public Employees Retirement System now owns 7,477,385 shares of the computer hardware maker’s stock worth $3,702,951,000 after purchasing an additional 1,805,763 shares during the period. Finally, J.P. Morgan Private Wealth Advisors LLC purchased a new stake in NVIDIA in the third quarter valued at approximately $728,543,000. 65.27% of the stock is currently owned by institutional investors.

NVIDIA Stock Down 0.5 %

Shares of NASDAQ NVDA opened at $949.50 on Thursday. NVIDIA Co. has a 1 year low of $298.06 and a 1 year high of $974.00. The company has a market capitalization of $2.34 trillion, a P/E ratio of 79.52, a P/E/G ratio of 1.33 and a beta of 1.75. The company has a 50 day simple moving average of $886.29 and a 200-day simple moving average of $696.36. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.17 and a quick ratio of 3.67.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Wednesday, May 22nd. The computer hardware maker reported $6.12 EPS for the quarter, beating analysts’ consensus estimates of $5.14 by $0.98. The company had revenue of $26.04 billion for the quarter, compared to the consensus estimate of $24.59 billion. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The company’s revenue for the quarter was up 262.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.88 earnings per share. On average, equities research analysts predict that NVIDIA Co. will post 23.18 earnings per share for the current year.

NVIDIA Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Tuesday, June 11th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.04%. This is an increase from NVIDIA’s previous quarterly dividend of $0.04. NVIDIA’s dividend payout ratio (DPR) is 1.34%.

Insider Buying and Selling at NVIDIA

In other news, Director Mark A. Stevens sold 10,000 shares of NVIDIA stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $797.57, for a total value of $7,975,700.00. Following the completion of the sale, the director now directly owns 1,124,583 shares of the company’s stock, valued at $896,933,663.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other NVIDIA news, Director Mark A. Stevens sold 22,700 shares of the firm’s stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $879.97, for a total value of $19,975,319.00. Following the completion of the transaction, the director now owns 1,052,133 shares of the company’s stock, valued at approximately $925,845,476.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mark A. Stevens sold 10,000 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $797.57, for a total value of $7,975,700.00. Following the sale, the director now directly owns 1,124,583 shares in the company, valued at approximately $896,933,663.31. The disclosure for this sale can be found here. Insiders have sold a total of 61,278 shares of company stock valued at $52,689,898 over the last quarter. 4.23% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages have commented on NVDA. Sanford C. Bernstein lifted their price objective on shares of NVIDIA from $700.00 to $1,000.00 and gave the company an “outperform” rating in a research note on Thursday, February 22nd. Oppenheimer restated an “outperform” rating and set a $1,100.00 target price on shares of NVIDIA in a research report on Friday, May 17th. Barclays increased their price target on NVIDIA from $850.00 to $1,100.00 and gave the stock an “overweight” rating in a research report on Monday. Mizuho boosted their price objective on NVIDIA from $850.00 to $1,000.00 and gave the company a “buy” rating in a report on Thursday, March 7th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $900.00 target price on shares of NVIDIA in a report on Monday, March 4th. Four equities research analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, NVIDIA presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,002.18.

NVIDIA Company 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.