The NVIDIA Co. (NVDA) Stake Raised by Massmutual Trust Co. FSB ADV

The NVIDIA Co. (NVDA) Stake Raised by Massmutual Trust Co. FSB ADV

Several other large investors also recently made changes to their positions in the stock. Arete Wealth Advisors LLC raised its position in shares of NVIDIA by 0.3% in the first quarter. Arete Wealth Advisors LLC now owns 2,884 shares of the computer hardware maker’s stock valued at $314,000 after buying an additional 10 shares during the last quarter. Wetherby Asset Management Inc. raised its stake in shares of NVIDIA by 0.5% in the fourth quarter. Wetherby Asset Management Inc. now owns 7,483 shares of the computer hardware maker’s stock valued at $799,000 after buying an additional 38 shares in the last quarter. Whittier Trust Co. raised its stake in shares of NVIDIA by 2.1% in the first quarter. Whittier Trust Co. now owns 3,135 shares of the computer hardware maker’s stock valued at $341,000 after buying an additional 63 shares in the last quarter. Capital Guardian Trust Co. raised its stake in shares of NVIDIA by 0.9% in the fourth quarter. Capital Guardian Trust Co. now owns 8,743 shares of the computer hardware maker’s stock valued at $933,000 after buying an additional 82 shares in the last quarter. Finally, Cadence Bank NA raised its stake in shares of NVIDIA by 1.2% in the fourth quarter. Cadence Bank NA now owns 9,233 shares of the computer hardware maker’s stock valued at $985,000 after buying an additional 107 shares in the last quarter. Hedge funds and other institutional investors own 85.00% of the company’s stock.

Massmutual Trust Co. FSB ADV increased its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 3.2% during the first quarter, according to its most recent filing with the SEC. The fund owned 50,923 shares of the computer hardware maker’s stock after buying an additional 1,600 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in NVIDIA were worth $5,547,000 as of its most recent SEC filing.

Shares of NVIDIA Co. (NVDA) opened at 143.64 on Monday. NVIDIA Co. has a 1-year low of $44.57 and a 1-year high of $147.00. The stock has a market cap of $85.47 billion, a P/E ratio of 48.22 and a beta of 1.31. The firm’s 50-day moving average price is $119.59 and its 200 day moving average price is $107.11.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Tuesday, May 9th. The computer hardware maker reported $0.82 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.16. NVIDIA had a return on equity of 34.19% and a net margin of 26.17%. The company had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.91 billion. During the same quarter in the previous year, the company earned $0.46 EPS. The firm’s revenue for the quarter was up 48.7% compared to the same quarter last year. On average, equities analysts expect that NVIDIA Co. will post $3.08 earnings per share for the current fiscal year. The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 14th. Stockholders of record on Tuesday, May 23rd will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.39%. The ex-dividend date is Friday, May 19th. NVIDIA’s dividend payout ratio (DPR) is 21.96%.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Tuesday, May 9th. The computer hardware maker reported $0.82 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.16. NVIDIA had a return on equity of 34.19% and a net margin of 26.17%. The company had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.91 billion. During the same quarter in the previous year, the company earned $0.46 EPS. The firm’s revenue for the quarter was up 48.7% compared to the same quarter last year. On average, equities analysts expect that NVIDIA Co. will post $3.08 earnings per share for the current fiscal year. NVDA has been the subject of several recent research reports. Instinet boosted their price objective on NVIDIA to $100.00 in a research report on Friday, February 10th. Stifel Nicolaus upped their target price on NVIDIA to $90.00 in a report on Friday, February 10th. Jefferies Group LLC increased their price objective on NVIDIA from $119.70 to $140.00 and gave the stock a “buy” rating in a report on Friday, February 10th. Canaccord Genuity increased their target price on NVIDIA to $130.00 and gave the stock a “buy” rating in a research note on Friday, February 10th. Finally, Mizuho increased their target price on NVIDIA from $115.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, February 10th. Six analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $113.02.

In related news, Director A Brooke Seawell sold 32,820 shares of NVIDIA stock in a transaction that occurred on Monday, March 20th. The stock was sold at an average price of $109.00, for a total transaction of $3,577,380.00. Following the completion of the transaction, the director now directly owns 35,927 shares in the company, valued at approximately $3,916,043. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jen Hsun Huang sold 41,670 shares of NVIDIA stock in a transaction that occurred on Thursday, March 9th. The stock was sold at an average price of $98.30, for a total value of $4,096,161.00. Following the transaction, the insider now owns 1,811,456 shares of the company’s stock, valued at $178,066,124.80. The disclosure for this sale can be found here. Insiders have sold a total of 488,252 shares of company stock worth $59,216,841 in the last three months. Corporate insiders own 5.82% of the company’s stock. About NVIDIA

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:NVDA”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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