US Bancorp DE Purchases 74,426 Shares of NVIDIA Corporation $NVDA

US Bancorp DE lifted its position in NVIDIA Corporation (NASDAQ:NVDA) by 0.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,983,154 shares of the computer hardware maker’s stock after acquiring an additional 74,426 shares during the quarter. NVIDIA accounts for approximately 1.6% of US Bancorp DE’s investment portfolio, making the stock its 12th largest holding. US Bancorp DE’s holdings in NVIDIA were worth $1,261,260,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Kathleen S. Wright Associates Inc. boosted its position in NVIDIA by 169.3% in the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker’s stock valued at $44,000 after buying an additional 254 shares during the last quarter. Barnes Dennig Private Wealth Management LLC purchased a new stake in NVIDIA in the first quarter valued at approximately $51,000. Legend Financial Advisors Inc. purchased a new stake in NVIDIA in the second quarter valued at approximately $55,000. Campbell Capital Management Inc. boosted its position in NVIDIA by 5,900.0% in the first quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker’s stock valued at $65,000 after buying an additional 590 shares during the last quarter. Finally, Luken Investment Analytics LLC boosted its position in NVIDIA by 107.0% in the first quarter. Luken Investment Analytics LLC now owns 621 shares of the computer hardware maker’s stock valued at $67,000 after buying an additional 321 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Evercore ISI set a $261.00 price objective on NVIDIA and gave the stock an “outperform” rating in a research report on Wednesday. Daiwa Capital Markets upped their price objective on NVIDIA from $165.00 to $205.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 17th. Robert W. Baird upped their target price on NVIDIA from $195.00 to $225.00 and gave the stock an “outperform” rating in a research note on Monday, August 25th. DA Davidson set a $250.00 target price on NVIDIA and gave the stock a “buy” rating in a research note on Wednesday. Finally, Citigroup reaffirmed a “buy” rating and set a $210.00 target price (up from $200.00) on shares of NVIDIA in a research note on Tuesday, September 30th. Five equities research analysts have rated the stock with a Strong Buy rating, forty have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, NVIDIA has an average rating of “Buy” and an average target price of $227.26.

Insider Buying and Selling

In other NVIDIA news, CFO Colette Kress sold 27,640 shares of the business’s stock in a transaction on Tuesday, October 21st. The stock was sold at an average price of $181.42, for a total transaction of $5,014,448.80. Following the sale, the chief financial officer directly owned 2,855,762 shares in the company, valued at approximately $518,092,342.04. The trade was a 0.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jen Hsun Huang sold 25,000 shares of the business’s stock in a transaction on Monday, October 27th. The stock was sold at an average price of $190.73, for a total value of $4,768,250.00. Following the sale, the chief executive officer owned 69,783,203 shares in the company, valued at approximately $13,309,750,308.19. The trade was a 0.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 3,751,577 shares of company stock worth $670,766,375. Company insiders own 4.17% of the company’s stock.

NVIDIA Stock Performance

Shares of NVIDIA stock opened at $207.04 on Thursday. The business has a 50-day moving average of $180.79 and a 200 day moving average of $158.39. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $212.19. The stock has a market capitalization of $5.03 trillion, a price-to-earnings ratio of 58.99, a price-to-earnings-growth ratio of 1.45 and a beta of 2.12. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 3.60.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.04. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The company had revenue of $46.74 billion for the quarter, compared to analyst estimates of $45.65 billion. During the same quarter last year, the company earned $0.68 EPS. NVIDIA’s revenue for the quarter was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. As a group, sell-side analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Thursday, September 11th were paid a $0.01 dividend. The ex-dividend date was 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 1.14%.

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.