1ST Source Bank Buys 3,033 Shares of NVIDIA Corporation $NVDA

1ST Source Bank grew its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 4.2% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 75,195 shares of the computer hardware maker’s stock after purchasing an additional 3,033 shares during the quarter. NVIDIA comprises about 0.7% of 1ST Source Bank’s portfolio, making the stock its 21st biggest holding. 1ST Source Bank’s holdings in NVIDIA were worth $11,880,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in NVDA. Center for Financial Planning Inc. lifted its stake in shares of NVIDIA by 4.6% in the 2nd quarter. Center for Financial Planning Inc. now owns 8,429 shares of the computer hardware maker’s stock valued at $1,332,000 after acquiring an additional 367 shares during the last quarter. Atria Investments Inc grew its position in NVIDIA by 3.2% during the 2nd quarter. Atria Investments Inc now owns 942,208 shares of the computer hardware maker’s stock worth $148,859,000 after acquiring an additional 29,479 shares during the last quarter. Fielder Capital Group LLC increased its holdings in NVIDIA by 9.7% in the 1st quarter. Fielder Capital Group LLC now owns 50,469 shares of the computer hardware maker’s stock worth $5,470,000 after purchasing an additional 4,444 shares in the last quarter. MADDEN SECURITIES Corp raised its position in NVIDIA by 3.2% in the second quarter. MADDEN SECURITIES Corp now owns 81,322 shares of the computer hardware maker’s stock valued at $12,848,000 after purchasing an additional 2,484 shares during the last quarter. Finally, ORG Wealth Partners LLC boosted its stake in shares of NVIDIA by 7.7% during the second quarter. ORG Wealth Partners LLC now owns 49,301 shares of the computer hardware maker’s stock valued at $7,560,000 after purchasing an additional 3,542 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Daiwa Capital Markets upped their price objective on NVIDIA from $165.00 to $205.00 and gave the company an “outperform” rating in a research note on Wednesday, September 17th. Stifel Nicolaus boosted their target price on shares of NVIDIA from $212.00 to $250.00 and gave the stock a “buy” rating in a report on Tuesday, November 18th. President Capital raised their price target on shares of NVIDIA from $240.00 to $245.00 and gave the company a “buy” rating in a research note on Friday, November 28th. HSBC set a $320.00 price target on shares of NVIDIA and gave the stock a “buy” rating in a report on Wednesday, October 15th. Finally, Melius Research increased their price objective on NVIDIA from $300.00 to $320.00 and gave the company a “buy” rating in a report on Thursday, November 20th. Five research analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $258.65.

Insider Activity

In other news, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $177.57, for a total transaction of $13,317,750.00. Following the transaction, the chief executive officer owned 72,248,366 shares of the company’s stock, valued at $12,829,142,350.62. This represents a 0.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Mark A. Stevens sold 350,000 shares of the firm’s stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $176.39, for a total value of $61,736,500.00. Following the completion of the sale, the director owned 7,399,803 shares of the company’s stock, valued at approximately $1,305,251,251.17. This represents a 4.52% 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 have sold 2,949,931 shares of company stock worth $531,605,955. Company insiders own 4.17% of the company’s stock.

NVIDIA Trading Up 2.1%

Shares of NVDA stock opened at $183.38 on Friday. The company has a market cap of $4.46 trillion, a P/E ratio of 45.50, a PEG ratio of 0.88 and a beta of 2.29. The stock has a 50 day simple moving average of $187.05 and a two-hundred day simple moving average of $171.50. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.71 and a current ratio of 4.47. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $212.19.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Wednesday, November 19th. The computer hardware maker reported $1.30 EPS for the quarter, topping the consensus estimate of $1.23 by $0.07. The company had revenue of $57.01 billion during the quarter, compared to the consensus estimate of $54.66 billion. NVIDIA had a net margin of 53.01% and a return on equity of 99.24%. The company’s quarterly revenue was up 62.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.81 EPS. Research analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Thursday, December 4th will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.0%. The ex-dividend date of this dividend is Thursday, December 4th. NVIDIA’s payout ratio is 0.99%.

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.