First Bank & Trust Sells 2,177 Shares of NVIDIA Corporation $NVDA

First Bank & Trust cut its position in shares of NVIDIA Corporation (NASDAQ:NVDA) by 4.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 43,893 shares of the computer hardware maker’s stock after selling 2,177 shares during the quarter. NVIDIA comprises about 1.2% of First Bank & Trust’s holdings, making the stock its 12th largest position. First Bank & Trust’s holdings in NVIDIA were worth $6,935,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. St. Louis Financial Planners Asset Management LLC acquired a new stake in NVIDIA in the second quarter valued at approximately $3,914,000. Market Street Wealth Management Advisors LLC raised its stake in shares of NVIDIA by 9.0% in the second quarter. Market Street Wealth Management Advisors LLC now owns 15,677 shares of the computer hardware maker’s stock worth $2,477,000 after purchasing an additional 1,297 shares during the last quarter. Triumph Capital Management boosted its holdings in NVIDIA by 12.4% during the 2nd quarter. Triumph Capital Management now owns 30,472 shares of the computer hardware maker’s stock worth $4,814,000 after acquiring an additional 3,352 shares during the last quarter. Boyum Wealth Architects LLC purchased a new stake in NVIDIA in the 2nd quarter valued at about $212,000. Finally, North Berkeley Wealth Management LLC increased its stake in NVIDIA by 23.4% in the 2nd quarter. North Berkeley Wealth Management LLC now owns 10,510 shares of the computer hardware maker’s stock valued at $1,660,000 after buying an additional 1,990 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. DA Davidson raised NVIDIA from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $195.00 to $210.00 in a research report on Thursday, September 11th. Barclays lifted their price target on NVIDIA from $170.00 to $200.00 and gave the company an “overweight” rating in a research report on Tuesday, June 17th. Loop Capital boosted their price target on shares of NVIDIA from $175.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, June 25th. Wall Street Zen upgraded shares of NVIDIA from a “hold” rating to a “buy” rating in a research report on Friday, September 5th. Finally, Wedbush restated an “outperform” rating and set a $210.00 price target on shares of NVIDIA in a research report on Thursday, August 28th. Four analysts have rated the stock with a Strong Buy rating, thirty-six have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $208.47.

Insider Transactions at NVIDIA

In other NVIDIA news, Director Mark A. Stevens sold 297,797 shares of NVIDIA stock in a transaction on Friday, September 12th. The stock was sold at an average price of $178.19, for a total transaction of $53,064,447.43. Following the completion of the sale, the director directly owned 7,749,803 shares of the company’s stock, valued at $1,380,937,396.57. The trade was a 3.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Colette Kress sold 20,000 shares of the stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $176.40, for a total transaction of $3,528,000.00. Following the transaction, the chief financial officer owned 143,060 shares in the company, valued at approximately $25,235,784. The trade was a 12.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,914,341 shares of company stock worth $662,228,310 over the last three months. Company insiders own 4.17% of the company’s stock.

NVIDIA Trading Up 0.2%

NVDA stock opened at $176.67 on Monday. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $184.48. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.60 and a current ratio of 4.21. The firm has a fifty day moving average price of $175.73 and a 200 day moving average price of $143.85. The firm has a market cap of $4.29 trillion, a PE ratio of 50.33, a price-to-earnings-growth ratio of 1.28 and a beta of 2.10.

NVIDIA (NASDAQ:NVDA) last announced its earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.04. The firm had revenue of $46.74 billion during the quarter, compared to analysts’ expectations of $45.65 billion. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The company’s quarterly revenue was up 55.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. Sell-side analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Thursday, September 11th will be issued a $0.01 dividend. The ex-dividend date is Thursday, September 11th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. NVIDIA’s payout ratio is presently 1.14%.

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.