Pinnacle Bancorp Inc. Buys 600 Shares of NVIDIA Corporation (NASDAQ:NVDA)

Pinnacle Bancorp Inc. raised its stake in NVIDIA Corporation (NASDAQ:NVDA) by 11.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,755 shares of the computer hardware maker’s stock after purchasing an additional 600 shares during the period. Pinnacle Bancorp Inc.’s holdings in NVIDIA were worth $624,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Condor Capital Management raised its position in NVIDIA by 3.6% in the fourth quarter. Condor Capital Management now owns 2,559 shares of the computer hardware maker’s stock valued at $344,000 after purchasing an additional 89 shares during the last quarter. Kelly Financial Services LLC grew its holdings in shares of NVIDIA by 2.0% during the first quarter. Kelly Financial Services LLC now owns 4,736 shares of the computer hardware maker’s stock worth $513,000 after purchasing an additional 94 shares during the last quarter. Macroview Investment Management LLC increased its stake in shares of NVIDIA by 2.9% in the fourth quarter. Macroview Investment Management LLC now owns 3,434 shares of the computer hardware maker’s stock valued at $461,000 after buying an additional 96 shares during the period. Foundry Financial Group Inc. raised its holdings in NVIDIA by 2.2% in the 4th quarter. Foundry Financial Group Inc. now owns 4,387 shares of the computer hardware maker’s stock valued at $589,000 after buying an additional 96 shares during the last quarter. Finally, Wallace Hart LLC boosted its position in NVIDIA by 3.9% during the 4th quarter. Wallace Hart LLC now owns 2,599 shares of the computer hardware maker’s stock worth $349,000 after buying an additional 97 shares during the period. 65.27% of the stock is owned by institutional investors.

NVIDIA Stock Performance

Shares of NVDA stock opened at $171.37 on Thursday. The company has a current ratio of 3.39, a quick ratio of 2.96 and a debt-to-equity ratio of 0.10. The firm has a fifty day simple moving average of $144.76 and a two-hundred day simple moving average of $129.39. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $172.40. The firm has a market capitalization of $4.18 trillion, a PE ratio of 55.28, a price-to-earnings-growth ratio of 1.51 and a beta of 2.13.

NVIDIA (NASDAQ:NVDA) last posted its earnings results 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). NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The business had revenue of $44.06 billion for the quarter, compared to the consensus estimate of $43.09 billion. During the same period in the previous year, the firm earned $0.61 earnings per share. The company’s revenue was up 69.2% on a year-over-year basis. Analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.02%. The ex-dividend date of this dividend was Wednesday, June 11th. NVIDIA’s dividend payout ratio is currently 1.29%.

Insider Activity at NVIDIA

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the firm’s stock in a transaction on Monday, July 14th. The stock was sold at an average price of $164.36, for a total transaction of $12,327,000.00. Following the transaction, the chief executive officer directly owned 74,648,225 shares in the company, valued at approximately $12,269,182,261. This trade represents a 0.10% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director A Brooke Seawell sold 48,792 shares of the company’s stock in a transaction on Monday, July 14th. The stock was sold at an average price of $163.96, for a total transaction of $7,999,936.32. Following the completion of the sale, the director owned 1,729,478 shares of the company’s stock, valued at approximately $283,565,212.88. The trade was a 2.74% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,767,150 shares of company stock valued at $701,030,045. Company insiders own 4.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Stifel Nicolaus set a $180.00 price target on shares of NVIDIA in a research report on Wednesday, March 19th. Barclays increased their price objective on NVIDIA from $170.00 to $200.00 and gave the company an “overweight” rating in a report on Tuesday, June 17th. DA Davidson lifted their target price on NVIDIA from $120.00 to $135.00 and gave the stock a “neutral” rating in a report on Thursday, May 29th. Truist Financial upped their price target on NVIDIA from $205.00 to $210.00 and gave the company a “buy” rating in a research report on Thursday, May 29th. Finally, Jefferies Financial Group raised their price objective on NVIDIA from $185.00 to $200.00 in a research report on Wednesday. One analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-four have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $181.22.

About NVIDIA

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.