Peoples Financial Services CORP. Raises Stock Holdings in NVIDIA Corporation (NASDAQ:NVDA)

Peoples Financial Services CORP. raised its stake in NVIDIA Corporation (NASDAQ:NVDA) by 72.4% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 1,350 shares of the computer hardware maker’s stock after purchasing an additional 567 shares during the quarter. Peoples Financial Services CORP.’s holdings in NVIDIA were worth $146,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Tacita Capital Inc purchased a new stake in shares of NVIDIA in the fourth quarter worth $28,000. Vision Financial Markets LLC bought a new position in shares of NVIDIA in the fourth quarter worth about $38,000. Copia Wealth Management bought a new stake in NVIDIA during the 4th quarter valued at approximately $50,000. LSV Asset Management bought a new stake in NVIDIA during the 4th quarter valued at approximately $54,000. Finally, Barnes Dennig Private Wealth Management LLC purchased a new position in NVIDIA during the 1st quarter valued at approximately $51,000. Institutional investors own 65.27% of the company’s stock.

Insiders Place Their Bets

In other news, Director A Brooke Seawell sold 48,792 shares of the business’s stock in a transaction dated 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 directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Colette Kress sold 27,650 shares of the business’s stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $170.89, for a total value of $4,725,108.50. Following the completion of the sale, the chief financial officer directly owned 2,984,516 shares of the company’s stock, valued at $510,023,939.24. The trade was a 0.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,339,800 shares of company stock valued at $800,141,003 in the last ninety days. Insiders own 4.17% of the company’s stock.

NVIDIA Price Performance

NVDA stock opened at $180.00 on Tuesday. The business has a fifty day moving average of $156.27 and a two-hundred day moving average of $132.58. 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 stock has a market cap of $4.39 trillion, a price-to-earnings ratio of 58.06, a price-to-earnings-growth ratio of 1.53 and a beta of 2.14. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $183.30.

NVIDIA (NASDAQ:NVDA) last released its quarterly 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 firm had revenue of $44.06 billion for the quarter, compared to analysts’ expectations of $43.09 billion. During the same quarter in the prior year, the business earned $0.61 earnings per share. The company’s quarterly revenue was up 69.2% on a year-over-year basis. As a group, research analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The firm also recently declared 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 0.0%. The ex-dividend date of this dividend was Wednesday, June 11th. NVIDIA’s payout ratio is 1.29%.

Wall Street Analyst Weigh In

NVDA has been the subject of a number of recent research reports. Citigroup lifted their target price on NVIDIA from $180.00 to $190.00 and gave the stock a “buy” rating in a report on Monday, July 7th. Raymond James Financial lifted their target price on NVIDIA from $150.00 to $165.00 and gave the company a “strong-buy” rating in a research report on Thursday, May 29th. Barclays boosted their price target on NVIDIA from $170.00 to $200.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 17th. Summit Insights raised NVIDIA from a “hold” rating to a “buy” rating in a research report on Thursday, May 29th. Finally, Loop Capital boosted their price target on NVIDIA from $175.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, June 25th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-three have assigned a buy rating and four have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, NVIDIA has an average rating of “Moderate Buy” and an average target price of $182.03.

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.