Burke & Herbert Bank & Trust Co. Acquires 2,967 Shares of NVIDIA Corporation $NVDA

Burke & Herbert Bank & Trust Co. increased its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 28.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,312 shares of the computer hardware maker’s stock after acquiring an additional 2,967 shares during the period. Burke & Herbert Bank & Trust Co.’s holdings in NVIDIA were worth $2,103,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in NVDA. Harbor Asset Planning Inc. purchased a new position in shares of NVIDIA during the second quarter valued at approximately $28,000. Legend Financial Advisors Inc. bought a new position in NVIDIA during the 2nd quarter valued at $55,000. Kathleen S. Wright Associates Inc. lifted its stake in NVIDIA by 169.3% during the 1st quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker’s stock valued at $44,000 after acquiring an additional 254 shares in the last quarter. Westend Capital Management LLC boosted its holdings in NVIDIA by 46.8% during the 2nd quarter. Westend Capital Management LLC now owns 455 shares of the computer hardware maker’s stock worth $72,000 after acquiring an additional 145 shares during the last quarter. Finally, Barnes Dennig Private Wealth Management LLC bought a new stake in shares of NVIDIA in the 1st quarter worth $51,000. Institutional investors and hedge funds own 65.27% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Citigroup raised their price target on shares of NVIDIA from $220.00 to $270.00 and gave the company a “buy” rating in a research report on Thursday. Wells Fargo & Company reiterated an “overweight” rating and issued a $265.00 price objective (up previously from $220.00) on shares of NVIDIA in a research note on Friday, November 14th. Rosenblatt Securities boosted their target price on NVIDIA from $240.00 to $245.00 and gave the stock a “buy” rating in a research note on Thursday. Loop Capital increased their price target on NVIDIA from $250.00 to $350.00 and gave the company a “buy” rating in a research report on Monday, November 3rd. Finally, DA Davidson reiterated a “buy” rating and set a $250.00 price target on shares of NVIDIA in a report on Thursday. Four analysts have rated the stock with a Strong Buy rating, forty-five have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, NVIDIA presently has a consensus rating of “Buy” and a consensus price target of $256.21.

Insider Transactions at NVIDIA

In related news, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $177.57, for a total value of $13,317,750.00. Following the completion of the transaction, the chief executive officer directly owned 72,248,366 shares in the company, valued at approximately $12,829,142,350.62. The trade was a 0.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Harvey C. Jones sold 250,000 shares of the business’s stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $176.21, for a total transaction of $44,052,500.00. Following the sale, the director directly owned 7,183,280 shares in the company, valued at $1,265,765,768.80. The trade was a 3.36% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 3,251,577 shares of company stock worth $583,143,187 over the last quarter. Corporate insiders own 4.17% of the company’s stock.

NVIDIA Price Performance

NVIDIA stock opened at $180.98 on Friday. The business’s 50 day simple moving average is $186.44 and its 200 day simple moving average is $167.58. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $212.19. The company has a market cap of $4.40 trillion, a price-to-earnings ratio of 51.56, a PEG ratio of 1.49 and a beta of 2.11. The company has a current ratio of 4.21, a quick ratio of 3.60 and a debt-to-equity ratio of 0.08.

NVIDIA (NASDAQ:NVDA) last issued its earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.07. The firm had revenue of $57.01 billion for the quarter, compared to analyst estimates of $54.66 billion. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The business’s revenue was up 62.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.81 earnings per share. NVIDIA has set its Q4 2026 guidance at EPS. Sell-side analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Thursday, December 4th will be given 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 is Thursday, December 4th. NVIDIA’s dividend payout ratio (DPR) is currently 1.14%.

NVIDIA Company 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.