Chemical Bank lowered its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 43.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,080 shares of the computer hardware maker’s stock after selling 1,600 shares during the quarter. Chemical Bank’s holdings in NVIDIA were worth $373,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Bay Harbor Wealth Management LLC raised its holdings in NVIDIA by 41.4% in the 1st quarter. Bay Harbor Wealth Management LLC now owns 205 shares of the computer hardware maker’s stock worth $37,000 after acquiring an additional 60 shares during the period. LS Investment Advisors LLC raised its holdings in NVIDIA by 0.5% in the 1st quarter. LS Investment Advisors LLC now owns 11,952 shares of the computer hardware maker’s stock worth $2,146,000 after acquiring an additional 62 shares during the period. Tradewinds Capital Management LLC raised its holdings in NVIDIA by 19.8% in the 1st quarter. Tradewinds Capital Management LLC now owns 393 shares of the computer hardware maker’s stock worth $71,000 after acquiring an additional 65 shares during the period. Sky Investment Group LLC raised its holdings in NVIDIA by 0.9% in the 1st quarter. Sky Investment Group LLC now owns 7,160 shares of the computer hardware maker’s stock worth $1,286,000 after acquiring an additional 67 shares during the period. Finally, Atlas Brown Inc. grew its position in NVIDIA by 1.7% in the 1st quarter. Atlas Brown Inc. now owns 4,227 shares of the computer hardware maker’s stock worth $759,000 after purchasing an additional 70 shares during the last quarter. Institutional investors and hedge funds own 70.03% of the company’s stock.

NVDA has been the topic of several research analyst reports. BidaskClub upgraded shares of NVIDIA from a “hold” rating to a “buy” rating in a research report on Friday, February 15th. Piper Jaffray Companies initiated coverage on shares of NVIDIA in a research report on Tuesday, March 26th. They issued an “overweight” rating and a $200.00 price target on the stock. Craig Hallum initiated coverage on shares of NVIDIA in a research report on Thursday, March 14th. They issued a “hold” rating on the stock. UBS Group upgraded shares of NVIDIA from a “neutral” rating to a “buy” rating and decreased their price target for the stock from $190.00 to $180.00 in a research report on Tuesday, January 29th. Finally, Citigroup decreased their price target on shares of NVIDIA from $244.00 to $200.00 and set a “buy” rating on the stock in a research report on Monday, February 11th. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-five have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $198.93.

In other NVIDIA news, CFO Colette Kress sold 14,092 shares of the business’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $183.33, for a total value of $2,583,486.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Debora Shoquist sold 5,823 shares of the business’s stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $185.00, for a total transaction 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 20,029 shares of company stock worth $3,678,385. Company insiders own 4.64% of the company’s stock.

Shares of NVIDIA stock opened at $151.75 on Tuesday. The company has a current ratio of 7.94, a quick ratio of 6.76 and a debt-to-equity ratio of 0.21. NVIDIA Co. has a twelve month low of $124.46 and a twelve month high of $292.76. The stock has a market cap of $95.25 billion, a PE ratio of 25.00, a price-to-earnings-growth ratio of 3.84 and a beta of 1.85.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Thursday, May 16th. The computer hardware maker reported $0.88 EPS for the quarter, beating the Zacks’ consensus estimate of $0.81 by $0.07. The firm had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.20 billion. NVIDIA had a net margin of 30.68% and a return on equity of 31.69%. The company’s revenue for the quarter was down 30.8% compared to the same quarter last year. During the same period in the previous year, the business earned $2.05 earnings per share. Research analysts forecast that NVIDIA Co. will post 4.44 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, May 31st will be given a $0.16 dividend. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $0.64 dividend on an annualized basis and a yield of 0.42%. NVIDIA’s dividend payout ratio (DPR) is presently 10.54%.

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NVIDIA Company Profile

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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