Whittier Trust Co. Purchases 54,942 Shares of NVIDIA Corporation $NVDA

Whittier Trust Co. raised its position in NVIDIA Corporation (NASDAQ:NVDAFree Report) by 1.7% during the 3rd quarter, HoldingsChannel reports. The fund owned 3,348,344 shares of the computer hardware maker’s stock after buying an additional 54,942 shares during the quarter. NVIDIA comprises about 7.2% of Whittier Trust Co.’s portfolio, making the stock its largest holding. Whittier Trust Co.’s holdings in NVIDIA were worth $628,216,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of NVIDIA in the second quarter valued at about $51,386,863,000. Laurel Wealth Advisors LLC increased its position in shares of NVIDIA by 15,496.1% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 21,865,525 shares of the computer hardware maker’s stock worth $3,454,534,000 after purchasing an additional 21,725,326 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of NVIDIA by 25.0% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 71,720,593 shares of the computer hardware maker’s stock worth $13,381,628,000 after purchasing an additional 14,358,048 shares in the last quarter. State Street Corp boosted its holdings in shares of NVIDIA by 1.0% in the 2nd quarter. State Street Corp now owns 978,208,862 shares of the computer hardware maker’s stock valued at $154,556,803,000 after buying an additional 9,554,857 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of NVIDIA by 1.5% in the second quarter. Geode Capital Management LLC now owns 579,213,497 shares of the computer hardware maker’s stock valued at $91,150,170,000 after buying an additional 8,521,936 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

NVIDIA Trading Down 2.2%

Shares of NVIDIA stock opened at $182.85 on Monday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.71 and a current ratio of 4.47. The firm has a 50-day moving average of $184.72 and a 200-day moving average of $183.34. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $212.19. The stock has a market cap of $4.44 trillion, a PE ratio of 45.37, a PEG ratio of 0.56 and a beta of 2.31.

NVIDIA (NASDAQ:NVDAGet Free Report) last issued its quarterly earnings data on Wednesday, November 19th. The computer hardware maker reported $1.30 earnings per share for the quarter, topping the consensus estimate of $1.23 by $0.07. NVIDIA had a net margin of 53.01% and a return on equity of 99.24%. The business had revenue of $57.01 billion during the quarter, compared to analysts’ expectations of $54.66 billion. During the same quarter in the previous year, the company earned $0.81 EPS. The business’s revenue was up 62.5% on a year-over-year basis. As a group, sell-side analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Thursday, December 4th were issued a $0.01 dividend. The ex-dividend date of this dividend was Thursday, December 4th. This represents a $0.04 annualized dividend and a yield of 0.0%. NVIDIA’s payout ratio is currently 0.99%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on NVDA. Morgan Stanley upped their price target on shares of NVIDIA from $235.00 to $250.00 and gave the stock an “overweight” rating in a research report on Monday, December 1st. Wall Street Zen downgraded shares of NVIDIA from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. Jefferies Financial Group reissued a “buy” rating and set a $275.00 price target (up previously from $250.00) on shares of NVIDIA in a research report on Friday, January 16th. Rothschild & Co Redburn upped their price objective on NVIDIA from $245.00 to $268.00 and gave the company a “buy” rating in a research note on Thursday, January 15th. Finally, Arete Research lifted their target price on NVIDIA from $244.00 to $261.00 and gave the stock a “buy” rating in a research note on Tuesday, November 25th. Four research analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $264.20.

View Our Latest Stock Report on NVDA

Insider Buying and Selling

In related news, Director Harvey C. Jones sold 250,000 shares of the business’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $177.33, for a total value of $44,332,500.00. Following the completion of the transaction, the director owned 6,933,280 shares of the company’s stock, valued at $1,229,478,542.40. The trade was a 3.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Mark A. Stevens sold 222,500 shares of the business’s stock in a transaction that occurred on Friday, December 19th. The shares were sold at an average price of $180.17, for a total transaction of $40,087,825.00. Following the completion of the transaction, the director owned 7,621,453 shares of the company’s stock, valued at $1,373,157,187.01. The trade was a 2.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 1,611,474 shares of company stock valued at $291,731,692. 4.17% of the stock is owned by insiders.

NVIDIA News Summary

Here are the key news stories impacting NVIDIA this week:

NVIDIA Company Profile

(Free Report)

NVIDIA Corporation, founded in 1993 and headquartered in Santa Clara, California, is a global technology company that designs and develops graphics processing units (GPUs) and system-on-chip (SoC) technologies. Co-founded by Jensen Huang, who serves as president and chief executive officer, along with Chris Malachowsky and Curtis Priem, NVIDIA has grown from a graphics-focused chipmaker into a broad provider of accelerated computing hardware and software for multiple industries.

The company’s product portfolio spans discrete GPUs for gaming and professional visualization (marketed under the GeForce and NVIDIA RTX lines), high-performance data center accelerators used for AI training and inference (including widely adopted platforms such as the A100 and H100 series), and Tegra SoCs for automotive and edge applications.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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