Fulton Bank N.A. Has $62.14 Million Position in NVIDIA Corporation $NVDA

Fulton Bank N.A. decreased its stake in NVIDIA Corporation (NASDAQ:NVDAFree Report) by 1.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 333,053 shares of the computer hardware maker’s stock after selling 4,857 shares during the period. NVIDIA makes up 2.2% of Fulton Bank N.A.’s portfolio, making the stock its 10th largest holding. Fulton Bank N.A.’s holdings in NVIDIA were worth $62,141,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Center for Financial Planning Inc. raised its stake in shares of NVIDIA by 4.6% in the second quarter. Center for Financial Planning Inc. now owns 8,429 shares of the computer hardware maker’s stock valued at $1,332,000 after purchasing an additional 367 shares in the last quarter. Svenska Handelsbanken AB publ acquired a new position in shares of NVIDIA in the 3rd quarter valued at $37,316,000. Atria Investments Inc raised its stake in shares of NVIDIA by 3.2% in the 2nd quarter. Atria Investments Inc now owns 942,208 shares of the computer hardware maker’s stock valued at $148,859,000 after buying an additional 29,479 shares in the last quarter. MADDEN SECURITIES Corp lifted its holdings in shares of NVIDIA by 3.2% during the 2nd quarter. MADDEN SECURITIES Corp now owns 81,322 shares of the computer hardware maker’s stock worth $12,848,000 after acquiring an additional 2,484 shares during the period. Finally, Whalen Wealth Management Inc. boosted its position in shares of NVIDIA by 20.3% during the 3rd quarter. Whalen Wealth Management Inc. now owns 36,490 shares of the computer hardware maker’s stock valued at $6,808,000 after acquiring an additional 6,162 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

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NVIDIA Trading Up 2.1%

Shares of NVDA opened at $186.94 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.71 and a current ratio of 4.47. The company has a market cap of $4.54 trillion, a price-to-earnings ratio of 46.39, a PEG ratio of 0.89 and a beta of 2.31. The stock has a fifty day moving average price of $184.26 and a two-hundred day moving average price of $180.41. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $212.19.

NVIDIA (NASDAQ:NVDAGet Free Report) last announced its earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 earnings per share for the quarter, beating analysts’ consensus estimates of $1.23 by $0.07. NVIDIA had a return on equity of 99.24% and a net margin of 53.01%.The company had revenue of $57.01 billion during the quarter, compared to analyst estimates of $54.66 billion. During the same period last year, the company posted $0.81 earnings per share. The firm’s quarterly revenue was up 62.5% compared to the same quarter last year. Analysts predict that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

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

Wall Street Analyst Weigh In

Several research analysts recently issued reports on NVDA shares. Rothschild & Co Redburn increased their price target on shares of NVIDIA from $245.00 to $268.00 and gave the stock a “buy” rating in a research report on Thursday. HSBC set a $320.00 target price on NVIDIA and gave the stock a “buy” rating in a report on Wednesday, October 15th. Stifel Nicolaus set a $250.00 target price on NVIDIA in a research report on Thursday, January 8th. Wolfe Research upped their price target on NVIDIA from $230.00 to $250.00 and gave the company an “outperform” rating in a research report on Thursday, November 20th. Finally, BNP Paribas Exane increased their price objective on NVIDIA from $240.00 to $250.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 18th. Four investment analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $262.84.

Check Out Our Latest Stock Report on NVIDIA

Insider Activity at NVIDIA

In other news, Director Mark A. Stevens sold 350,000 shares of the stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $181.73, for a total transaction of $63,605,500.00. Following the sale, the director directly owned 7,049,803 shares of the company’s stock, valued at $1,281,160,699.19. This represents a 4.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Ajay K. Puri sold 200,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 7th. The shares were sold at an average price of $187.82, for a total transaction of $37,564,000.00. Following the completion of the sale, the executive vice president directly owned 3,818,547 shares of the company’s stock, valued at approximately $717,199,497.54. This represents a 4.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,734,114 shares of company stock valued at $317,034,081 in the last three months. 4.17% of the stock is currently owned by corporate insiders.

NVIDIA Company Profile

(Free Report)

NVIDIA Corporation, founded in 1993 and headquartered in Santa Clara, California, is a global technology company that designs and develops graphics processing units (GPUs) and system-on-chip (SoC) technologies. Co-founded by Jensen Huang, who serves as president and chief executive officer, along with Chris Malachowsky and Curtis Priem, NVIDIA has grown from a graphics-focused chipmaker into a broad provider of accelerated computing hardware and software for multiple industries.

The company’s product portfolio spans discrete GPUs for gaming and professional visualization (marketed under the GeForce and NVIDIA RTX lines), high-performance data center accelerators used for AI training and inference (including widely adopted platforms such as the A100 and H100 series), and Tegra SoCs for automotive and edge applications.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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