Berkshire Bank Has $10.81 Million Position in NVIDIA Corporation (NASDAQ:NVDA)

Berkshire Bank lessened its position in NVIDIA Corporation (NASDAQ:NVDA) by 6.2% in the 1st quarter, Holdings Channel.com reports. The fund owned 99,759 shares of the computer hardware maker’s stock after selling 6,549 shares during the period. NVIDIA comprises 2.6% of Berkshire Bank’s investment portfolio, making the stock its 8th largest holding. Berkshire Bank’s holdings in NVIDIA were worth $10,812,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in NVDA. Tacita Capital Inc bought a new stake in shares of NVIDIA in the 4th quarter worth about $28,000. Vision Financial Markets LLC bought a new stake in shares of NVIDIA in the 4th quarter worth about $38,000. Copia Wealth Management bought a new stake in shares of NVIDIA in the 4th quarter worth about $50,000. Bruce G. Allen Investments LLC lifted its holdings in shares of NVIDIA by 198.2% in the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker’s stock worth $53,000 after acquiring an additional 327 shares during the last quarter. Finally, LSV Asset Management bought a new stake in shares of NVIDIA in the 4th quarter worth about $54,000. Institutional investors own 65.27% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Hsbc Global Res lowered shares of NVIDIA from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 3rd. William Blair restated an “outperform” rating on shares of NVIDIA in a report on Thursday, March 20th. Summit Insights upgraded shares of NVIDIA from a “hold” rating to a “buy” rating in a report on Thursday, May 29th. Arete Research raised shares of NVIDIA to a “strong-buy” rating in a research note on Wednesday, May 21st. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $200.00 price target on shares of NVIDIA in a research note on Wednesday, April 16th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-four have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, NVIDIA has an average rating of “Moderate Buy” and an average price target of $176.19.

Insider Activity

In related news, CEO Jen Hsun Huang sold 75,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $152.54, for a total transaction of $11,440,500.00. Following the completion of the transaction, the chief executive officer owned 75,548,225 shares in the company, valued at $11,524,126,241.50. The trade was a 0.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Mark A. Stevens sold 935,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $140.92, for a total transaction of $131,760,200.00. Following the transaction, the director owned 9,214,697 shares of the company’s stock, valued at approximately $1,298,535,101.24. This trade represents a 9.21% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,044,919 shares of company stock worth $584,414,209. Insiders own 4.17% of the company’s stock.

NVIDIA Trading Up 1.3%

NASDAQ NVDA opened at $159.28 on Friday. The company has a quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10. The firm has a market cap of $3.89 trillion, a PE ratio of 51.38, a price-to-earnings-growth ratio of 1.39 and a beta of 2.13. The company has a 50 day moving average price of $135.41 and a 200 day moving average price of $127.64. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $160.98.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.06). The firm had revenue of $44.06 billion for the quarter, compared to the consensus estimate of $43.09 billion. NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The company’s revenue was up 69.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.61 EPS. As a group, sell-side analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th were paid a dividend of $0.01 per share. The ex-dividend date of this dividend was Wednesday, June 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. NVIDIA’s dividend payout ratio (DPR) is presently 1.29%.

NVIDIA 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.