First Bank & Trust Has $4.99 Million Stake in NVIDIA Corporation (NASDAQ:NVDA)

First Bank & Trust boosted its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 2.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 46,070 shares of the computer hardware maker’s stock after purchasing an additional 1,007 shares during the quarter. NVIDIA comprises approximately 1.0% of First Bank & Trust’s investment portfolio, making the stock its 17th largest holding. First Bank & Trust’s holdings in NVIDIA were worth $4,993,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. WCM Investment Management LLC grew its position in NVIDIA by 0.6% in the 1st quarter. WCM Investment Management LLC now owns 6,121,714 shares of the computer hardware maker’s stock valued at $671,368,000 after purchasing an additional 35,376 shares during the period. NovaPoint Capital LLC lifted its stake in NVIDIA by 12.6% during the 1st quarter. NovaPoint Capital LLC now owns 65,465 shares of the computer hardware maker’s stock valued at $7,095,000 after acquiring an additional 7,329 shares in the last quarter. CarsonAllaria Wealth Management Ltd. lifted its stake in NVIDIA by 6.7% during the 1st quarter. CarsonAllaria Wealth Management Ltd. now owns 4,757 shares of the computer hardware maker’s stock valued at $516,000 after acquiring an additional 300 shares in the last quarter. Klingenstein Fields & Co. LP lifted its stake in NVIDIA by 2.9% during the 1st quarter. Klingenstein Fields & Co. LP now owns 429,068 shares of the computer hardware maker’s stock valued at $46,502,000 after acquiring an additional 12,238 shares in the last quarter. Finally, Alterna Wealth Management Inc. raised its stake in shares of NVIDIA by 34.2% during the 1st quarter. Alterna Wealth Management Inc. now owns 13,080 shares of the computer hardware maker’s stock worth $1,418,000 after purchasing an additional 3,336 shares during the period. Institutional investors and hedge funds own 65.27% of the company’s stock.

NVIDIA Stock Down 0.1%

Shares of NASDAQ NVDA opened at $173.50 on Friday. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $174.72. 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 market capitalization of $4.23 trillion, a price-to-earnings ratio of 55.97, a PEG ratio of 1.53 and a beta of 2.13. The business has a 50-day moving average of $150.95 and a 200-day moving average of $130.86.

NVIDIA (NASDAQ:NVDA) last issued 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). 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 analysts’ expectations of $43.09 billion. During the same period in the previous year, the firm posted $0.61 EPS. The firm’s revenue for the quarter was up 69.2% compared to the same quarter last year. Sell-side analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th were given a $0.01 dividend. The ex-dividend date was Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.02%. NVIDIA’s payout ratio is 1.29%.

Insider Buying and Selling

In related news, CEO Jen Hsun Huang sold 75,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $169.54, for a total value of $12,715,500.00. Following the completion of the sale, the chief executive officer owned 74,123,225 shares in the company, valued at $12,566,851,566.50. The trade was a 0.10% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director A Brooke Seawell sold 48,792 shares of the business’s stock in a transaction that occurred on Monday, July 14th. The stock was sold at an average price of $163.96, for a total value 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 $283,565,212.88. The trade was a 2.74% decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,114,800 shares of company stock worth $760,553,003 in the last quarter. 4.17% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on NVDA shares. Rosenblatt Securities lifted their target price on NVIDIA from $178.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, May 29th. Seaport Res Ptn upgraded NVIDIA to a “strong sell” rating in a research note on Wednesday, April 30th. Hsbc Global Res cut NVIDIA from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 3rd. Morgan Stanley reiterated an “overweight” rating and set a $170.00 target price (up from $160.00) on shares of NVIDIA in a research note on Thursday, May 29th. Finally, Barclays lifted their target price on NVIDIA from $170.00 to $200.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 17th. One analyst has rated the stock with a sell rating, four have given a hold rating, thirty-three have assigned a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat, NVIDIA has an average rating of “Moderate Buy” and a consensus target price of $181.22.

NVIDIA Company 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.