Bank of Jackson Hole Trust Buys 3,206 Shares of NVIDIA Corporation $NVDA

Bank of Jackson Hole Trust lifted its position in shares of NVIDIA Corporation (NASDAQ:NVDA) by 7.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 47,481 shares of the computer hardware maker’s stock after purchasing an additional 3,206 shares during the period. NVIDIA accounts for approximately 4.3% of Bank of Jackson Hole Trust’s investment portfolio, making the stock its 3rd biggest holding. Bank of Jackson Hole Trust’s holdings in NVIDIA were worth $7,502,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Harbor Asset Planning Inc. bought a new stake in shares of NVIDIA in the second quarter valued at approximately $28,000. Kathleen S. Wright Associates Inc. grew its stake in shares of NVIDIA by 169.3% during the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker’s stock worth $44,000 after buying an additional 254 shares during the last quarter. Legend Financial Advisors Inc. acquired a new stake in shares of NVIDIA during the second quarter valued at about $55,000. Campbell Capital Management Inc. lifted its holdings in shares of NVIDIA by 5,900.0% during 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 period. Finally, Westend Capital Management LLC grew its stake 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. Institutional investors own 65.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on NVDA. Rosenblatt Securities raised their target price on NVIDIA from $240.00 to $245.00 and gave the stock a “buy” rating in a research report on Thursday, November 20th. DZ Bank reiterated a “buy” rating on shares of NVIDIA in a report on Thursday, November 20th. UBS Group reissued a “buy” rating and set a $235.00 price objective on shares of NVIDIA in a research report on Thursday, November 20th. Cantor Fitzgerald restated an “overweight” rating and issued a $300.00 target price on shares of NVIDIA in a report on Thursday, November 20th. Finally, HSBC set a $320.00 price target on NVIDIA and gave the company a “buy” rating in a research note on Wednesday, October 15th. Four equities research analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $258.19.

NVIDIA Stock Down 2.6%

NVDA opened at $177.82 on Wednesday. The stock has a market cap of $4.32 trillion, a price-to-earnings ratio of 50.66, a PEG ratio of 1.49 and a beta of 2.11. The company’s 50-day moving average price is $186.62 and its two-hundred day moving average price is $169.66. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $212.19.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 EPS for the quarter, beating analysts’ consensus estimates of $1.23 by $0.07. The firm had revenue of $57.01 billion for the quarter, compared to analysts’ expectations of $54.66 billion. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The business’s revenue for the quarter was up 62.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.81 EPS. NVIDIA has set its Q4 2026 guidance at EPS. As a group, equities analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 26th. Investors of record on Thursday, December 4th will be paid a $0.01 dividend. 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 payout ratio is currently 0.99%.

Insiders Place Their Bets

In other news, CFO Colette Kress sold 27,640 shares of the company’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $208.33, for a total value of $5,758,241.20. Following the transaction, the chief financial officer owned 2,828,122 shares of the company’s stock, valued at approximately $589,182,656.26. This represents a 0.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Jen Hsun Huang sold 25,000 shares of the stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $207.91, for a total value of $5,197,750.00. Following the completion of the sale, the chief executive officer owned 69,733,203 shares in the company, valued at $14,498,230,235.73. This trade represents a 0.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 3,251,577 shares of company stock worth $583,143,187 in the last three months. Insiders own 4.17% of the company’s stock.

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.