FineMark National Bank & Trust purchased a new position in shares of NVIDIA Co. (NASDAQ:NVDA) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,261 shares of the computer hardware maker’s stock, valued at approximately $226,000.

Other large investors have also recently added to or reduced their stakes in the company. TrinityPoint Wealth LLC purchased a new stake in shares of NVIDIA during the first quarter worth $1,043,000. Buckingham Capital Management Inc. purchased a new stake in shares of NVIDIA during the first quarter worth $345,000. Mid Atlantic Financial Management Inc. ADV increased its position in shares of NVIDIA by 4.8% during the first quarter. Mid Atlantic Financial Management Inc. ADV now owns 4,308 shares of the computer hardware maker’s stock worth $774,000 after acquiring an additional 196 shares during the period. Mason Street Advisors LLC increased its position in shares of NVIDIA by 0.5% during the first quarter. Mason Street Advisors LLC now owns 86,454 shares of the computer hardware maker’s stock worth $15,524,000 after acquiring an additional 453 shares during the period. Finally, Miracle Mile Advisors LLC increased its position in shares of NVIDIA by 2,880.5% during the first quarter. Miracle Mile Advisors LLC now owns 46,376 shares of the computer hardware maker’s stock worth $8,327,000 after acquiring an additional 44,820 shares during the period. Institutional investors own 69.13% of the company’s stock.

NASDAQ NVDA opened at $145.15 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 8.98 and a quick ratio of 7.78. NVIDIA Co. has a 1 year low of $124.46 and a 1 year high of $292.76. The firm has a market capitalization of $88.40 billion, a price-to-earnings ratio of 23.91, a P/E/G ratio of 3.93 and a beta of 1.85.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Thursday, May 16th. The computer hardware maker reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.07. NVIDIA had a net margin of 30.68% and a return on equity of 31.27%. The company had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.20 billion. During the same quarter in the prior year, the firm posted $2.05 earnings per share. NVIDIA’s revenue for the quarter was down 30.8% on a year-over-year basis. On average, sell-side analysts anticipate that NVIDIA Co. will post 4.21 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, May 31st will be paid a $0.16 dividend. The ex-dividend date is Thursday, May 30th. This represents a $0.64 annualized dividend and a yield of 0.44%. NVIDIA’s dividend payout ratio is presently 10.54%.

In other NVIDIA news, EVP Debora Shoquist sold 5,823 shares of the company’s stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $185.00, for a total value of $1,077,255.00. Following the completion of the transaction, the executive vice president now owns 171,783 shares in the company, valued at $31,779,855. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Colette Kress sold 14,092 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $183.33, for a total transaction of $2,583,486.36. The disclosure for this sale can be found here. Insiders sold 20,029 shares of company stock valued at $3,678,385 in the last 90 days. 4.64% of the stock is currently owned by insiders.

NVDA has been the topic of a number of recent research reports. BidaskClub raised NVIDIA from a “hold” rating to a “buy” rating in a research report on Friday, February 15th. Piper Jaffray Companies initiated coverage on NVIDIA in a research report on Tuesday, March 26th. They set an “overweight” rating and a $200.00 price objective on the stock. Craig Hallum initiated coverage on NVIDIA in a research report on Thursday, March 14th. They set a “hold” rating on the stock. UBS Group raised NVIDIA from a “neutral” rating to a “buy” rating and cut their price objective for the stock from $190.00 to $180.00 in a research report on Tuesday, January 29th. Finally, Citigroup cut their price objective on NVIDIA from $244.00 to $200.00 and set a “buy” rating on the stock in a research report on Monday, February 11th. Four investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and twenty-five have issued a buy rating to the company. NVIDIA has a consensus rating of “Hold” and a consensus price target of $198.93.

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About NVIDIA

NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the Graphics Processing Unit (GPU) and Tegra Processor segments. The GPU segment comprises of product brands which aims 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 (NASDAQ:NVDA)

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