Pioneer Trust Bank N A OR Has $12.58 Million Stake in NVIDIA Corporation $NVDA

Pioneer Trust Bank N A OR boosted its position in NVIDIA Corporation (NASDAQ:NVDAFree Report) by 30.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 67,445 shares of the computer hardware maker’s stock after buying an additional 15,720 shares during the quarter. NVIDIA makes up about 2.9% of Pioneer Trust Bank N A OR’s portfolio, making the stock its 10th biggest position. Pioneer Trust Bank N A OR’s holdings in NVIDIA were worth $12,584,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Websterrogers Financial Advisors LLC grew its position in NVIDIA by 2.6% in the third quarter. Websterrogers Financial Advisors LLC now owns 2,118 shares of the computer hardware maker’s stock valued at $395,000 after purchasing an additional 54 shares in the last quarter. Helen Stephens Group LLC grew its holdings in shares of NVIDIA by 3.9% in the 3rd quarter. Helen Stephens Group LLC now owns 1,483 shares of the computer hardware maker’s stock valued at $277,000 after acquiring an additional 56 shares in the last quarter. Morton Brown Family Wealth LLC grew its holdings in shares of NVIDIA by 1.5% in the 2nd quarter. Morton Brown Family Wealth LLC now owns 3,928 shares of the computer hardware maker’s stock valued at $621,000 after acquiring an additional 58 shares in the last quarter. Roof Eidam Maycock Peralta LLC increased its position in shares of NVIDIA by 0.3% in the second quarter. Roof Eidam Maycock Peralta LLC now owns 20,903 shares of the computer hardware maker’s stock valued at $3,302,000 after acquiring an additional 58 shares during the last quarter. Finally, Alpha Wealth Funds LLC raised its holdings in NVIDIA by 1.3% during the second quarter. Alpha Wealth Funds LLC now owns 4,634 shares of the computer hardware maker’s stock worth $732,000 after acquiring an additional 59 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

NVIDIA Price Performance

Shares of NVDA opened at $187.81 on Monday. The company’s 50-day moving average is $183.38 and its 200-day moving average is $181.81. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.47 and a quick ratio of 3.71. The firm has a market capitalization of $4.56 trillion, a PE ratio of 46.60, a PEG ratio of 0.91 and a beta of 2.31. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two 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 EPS for the quarter, topping the consensus estimate of $1.23 by $0.07. The business 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%. NVIDIA’s revenue was up 62.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.81 EPS. Equities analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research firms have weighed in on NVDA. Macquarie upgraded NVIDIA to an “outperform” rating in a research note on Monday, December 29th. Hsbc Global Res raised shares of NVIDIA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 15th. Barclays boosted their target price on shares of NVIDIA from $240.00 to $275.00 and gave the stock an “overweight” rating in a report on Thursday, November 20th. Jefferies Financial Group reiterated a “buy” rating and issued a $275.00 price target (up previously from $250.00) on shares of NVIDIA in a research note on Friday, January 16th. Finally, JPMorgan Chase & Co. restated a “buy” rating on shares of NVIDIA in a research note on Wednesday, January 21st. Four research analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $263.41.

Check Out Our Latest Analysis on NVDA

Insider Buying and Selling at NVIDIA

In other news, EVP Debora Shoquist sold 69,840 shares of NVIDIA stock in a transaction on Friday, December 12th. The stock was sold at an average price of $177.85, for a total transaction of $12,421,044.00. Following the completion of the sale, the executive vice president owned 1,424,603 shares of the company’s stock, valued at approximately $253,365,643.55. This trade represents a 4.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Harvey C. Jones sold 250,000 shares of the business’s stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $177.33, for a total transaction of $44,332,500.00. Following the completion of the sale, the director directly owned 6,933,280 shares of the company’s stock, valued at approximately $1,229,478,542.40. The trade was a 3.48% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 1,636,474 shares of company stock worth $298,482,982 in the last 90 days. Company insiders own 4.17% of the company’s stock.

Key Headlines Impacting NVIDIA

Here are the key news stories impacting NVIDIA this week:

About NVIDIA

(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.

Further Reading

Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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