First Western Trust Bank boosted its stake in shares of NVIDIA Corporation (NASDAQ:NVDA – Free Report) by 6.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 38,602 shares of the computer hardware maker’s stock after acquiring an additional 2,381 shares during the quarter. First Western Trust Bank’s holdings in NVIDIA were worth $4,184,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently added to or reduced their stakes in NVDA. Brighton Jones LLC lifted its position in NVIDIA by 12.4% during the 4th quarter. Brighton Jones LLC now owns 324,901 shares of the computer hardware maker’s stock worth $43,631,000 after acquiring an additional 35,815 shares during the period. Bank Pictet & Cie Europe AG lifted its position in NVIDIA by 1.0% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 2,346,417 shares of the computer hardware maker’s stock worth $315,100,000 after acquiring an additional 22,929 shares during the period. Highview Capital Management LLC DE lifted its position in NVIDIA by 6.7% during the 4th quarter. Highview Capital Management LLC DE now owns 58,396 shares of the computer hardware maker’s stock worth $7,842,000 after acquiring an additional 3,653 shares during the period. Hudson Value Partners LLC lifted its holdings in shares of NVIDIA by 30.7% in the 4th quarter. Hudson Value Partners LLC now owns 50,658 shares of the computer hardware maker’s stock valued at $6,805,000 after buying an additional 11,900 shares during the period. Finally, Selway Asset Management acquired a new stake in shares of NVIDIA in the 4th quarter valued at approximately $269,000. 65.27% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several research firms have recently commented on NVDA. DA Davidson raised their price target on NVIDIA from $135.00 to $195.00 and gave the company a “neutral” rating in a report on Thursday, August 28th. Benchmark raised their price target on NVIDIA from $190.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, August 28th. Arete Research raised NVIDIA to a “strong-buy” rating in a report on Wednesday, May 21st. Wolfe Research raised their price target on NVIDIA from $220.00 to $230.00 and gave the company an “outperform” rating in a report on Thursday, August 28th. Finally, Piper Sandler set a $225.00 price target on NVIDIA and gave the company an “overweight” rating in a report on Wednesday, August 13th. Four analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $207.69.
NVIDIA Stock Performance
NASDAQ NVDA opened at $167.02 on Monday. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 3.60. The business has a 50 day moving average price of $172.73 and a 200 day moving average price of $140.21. The company has a market capitalization of $4.06 trillion, a P/E ratio of 47.58, a PEG ratio of 1.21 and a beta of 2.10. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $184.48.
NVIDIA (NASDAQ:NVDA – Get Free Report) last released its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.04. The company had revenue of $46.74 billion during the quarter, compared to the consensus estimate of $45.65 billion. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.NVIDIA’s revenue was up 55.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. Sell-side analysts expect that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.
NVIDIA Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $0.04 annualized dividend and a yield of 0.0%. NVIDIA’s dividend payout ratio (DPR) is presently 1.14%.
Insiders Place Their Bets
In other NVIDIA news, EVP Ajay K. Puri sold 168,195 shares of the firm’s stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $152.64, for a total transaction of $25,673,284.80. Following the completion of the transaction, the executive vice president owned 4,018,547 shares of the company’s stock, valued at approximately $613,391,014.08. This trade represents a 4.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Jen Hsun Huang sold 75,000 shares of the firm’s stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $152.54, for a total value of $11,440,500.00. Following the transaction, the chief executive officer directly owned 75,548,225 shares of the company’s stock, valued at $11,524,126,241.50. The trade was a 0.10% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,682,755 shares of company stock valued at $594,406,430. Corporate insiders own 4.17% of the company’s stock.
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.
Read More
- Five stocks we like better than NVIDIA
- How to Plot Fibonacci Price Inflection Levels
- Union Pacific: Laying the Tracks for America’s Industrial Renewal
- Election Stocks: How Elections Affect the Stock Market
- TransDigm’s Edge: From Spare Parts to Sky-High Profits
- Growth Investing: Should You Adopt This Investing Strategy in 2022?
- Spire Global: Tiny Satellites, Big Buy Ratings and Upside
Receive News & Ratings for NVIDIA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVIDIA and related companies with MarketBeat.com's FREE daily email newsletter.