Horizon Bancorp Inc. IN Sells 637 Shares of NVIDIA Corporation $NVDA

Horizon Bancorp Inc. IN reduced its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA) by 7.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,381 shares of the computer hardware maker’s stock after selling 637 shares during the period. NVIDIA comprises approximately 0.7% of Horizon Bancorp Inc. IN’s portfolio, making the stock its 22nd biggest holding. Horizon Bancorp Inc. IN’s holdings in NVIDIA were worth $1,324,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of NVDA. Legend Financial Advisors Inc. bought a new position in NVIDIA during the 2nd quarter worth approximately $55,000. Kathleen S. Wright Associates Inc. grew its holdings in shares of NVIDIA by 169.3% in the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker’s stock worth $44,000 after purchasing an additional 254 shares during the last quarter. Westend Capital Management LLC grew its holdings in shares of NVIDIA by 46.8% in the second quarter. Westend Capital Management LLC now owns 455 shares of the computer hardware maker’s stock worth $72,000 after purchasing an additional 145 shares during the last quarter. Barnes Dennig Private Wealth Management LLC bought a new position in shares of NVIDIA in the first quarter worth approximately $51,000. Finally, Campbell Capital Management Inc. grew its holdings in shares of NVIDIA by 5,900.0% in the first quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker’s stock worth $65,000 after purchasing an additional 590 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors.

NVIDIA Price Performance

Shares of NVDA opened at $202.76 on Friday. The stock has a market cap of $4.93 trillion, a PE ratio of 57.77, a price-to-earnings-growth ratio of 1.49 and a beta of 2.12. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.60 and a current ratio of 4.21. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $212.19. The firm’s 50-day simple moving average is $181.35 and its two-hundred day simple moving average is $158.70.

NVIDIA (NASDAQ:NVDA) last posted 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 for 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%.The firm’s quarterly revenue was up 55.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. Analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date of this dividend was Thursday, September 11th. NVIDIA’s dividend payout ratio is currently 1.14%.

Insiders Place Their Bets

In other NVIDIA news, CFO Colette Kress sold 27,640 shares of the 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. This trade represents a 0.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jen Hsun Huang sold 25,000 shares of the stock in a transaction on Monday, October 27th. The shares were 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. This represents 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 three months, insiders sold 3,676,577 shares of company stock worth $657,716,375. Insiders own 4.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on NVDA shares. Robert W. Baird raised their price target on shares of NVIDIA from $195.00 to $225.00 and gave the stock an “outperform” rating in a report on Monday, August 25th. Wedbush reissued an “outperform” rating and issued a $210.00 target price on shares of NVIDIA in a research note on Thursday, August 28th. Wells Fargo & Company lifted their price objective on NVIDIA from $185.00 to $220.00 and gave the stock an “overweight” rating in a research report on Monday, August 11th. Jefferies Financial Group reiterated a “buy” rating and issued a $220.00 price objective (up from $205.00) on shares of NVIDIA in a research report on Monday, September 29th. Finally, Hsbc Global Res upgraded NVIDIA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 15th. Five research analysts have rated the stock with a Strong Buy rating, forty-one have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, NVIDIA currently has a consensus rating of “Buy” and a consensus target price of $229.38.

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.