Citizens Business Bank Has $33.47 Million Stock Position in NVIDIA Corporation $NVDA

Citizens Business Bank increased its stake in NVIDIA Corporation (NASDAQ:NVDAFree Report) by 5.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 179,393 shares of the computer hardware maker’s stock after purchasing an additional 8,676 shares during the quarter. NVIDIA makes up approximately 5.7% of Citizens Business Bank’s investment portfolio, making the stock its 3rd biggest position. Citizens Business Bank’s holdings in NVIDIA were worth $33,471,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of NVDA. Winnow Wealth LLC bought a new position in shares of NVIDIA during the 2nd quarter valued at approximately $32,000. Longfellow Investment Management Co. LLC raised its stake in NVIDIA by 47.9% during the 2nd quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker’s stock worth $33,000 after acquiring an additional 67 shares during the period. Spurstone Advisory Services LLC purchased a new position in NVIDIA during the second quarter valued at approximately $40,000. Sellwood Investment Partners LLC purchased a new position in NVIDIA during the third quarter valued at approximately $50,000. Finally, EDENTREE ASSET MANAGEMENT Ltd bought a new position in shares of NVIDIA in the second quarter worth approximately $54,000. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

NVIDIA News Roundup

Here are the key news stories impacting NVIDIA this week:

Insider Transactions at NVIDIA

In related news, CFO Colette Kress sold 27,640 shares of the business’s stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $175.72, for a total value of $4,856,900.80. Following the sale, the chief financial officer owned 846,772 shares in the company, valued at approximately $148,794,775.84. The trade was a 3.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Harvey C. Jones sold 250,000 shares of the company’s stock in a transaction on 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 sale, the director directly owned 6,933,280 shares in the company, 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 1,168,120 shares of company stock valued at $210,900,814 over the last 90 days. Insiders own 4.17% of the company’s stock.

NVIDIA Stock Up 1.2%

NVDA opened at $184.77 on Wednesday. The company has a market capitalization of $4.49 trillion, a PE ratio of 37.71, a price-to-earnings-growth ratio of 0.62 and a beta of 2.33. The firm has a 50-day simple moving average of $185.60 and a two-hundred day simple moving average of $184.06. The company has a quick ratio of 3.24, a current ratio of 3.91 and a debt-to-equity ratio of 0.05. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $212.19.

NVIDIA (NASDAQ:NVDAGet Free Report) last issued its earnings results on Wednesday, February 25th. The computer hardware maker reported $1.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.54 by $0.08. NVIDIA had a return on equity of 97.37% and a net margin of 55.60%.The firm had revenue of $68.13 billion for the quarter, compared to analysts’ expectations of $65.56 billion. During the same period in the previous year, the firm posted $0.89 earnings per share. The business’s revenue was up 73.2% compared to the same quarter last year. Analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Wednesday, March 11th will be paid a $0.01 dividend. The ex-dividend date of this dividend is Wednesday, March 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. NVIDIA’s payout ratio is presently 0.82%.

Analyst Ratings Changes

NVDA has been the subject of a number of analyst reports. CICC Research increased their price objective on shares of NVIDIA from $228.00 to $240.60 and gave the stock an “outperform” rating in a research note on Friday, February 27th. Itau BBA Securities reaffirmed a “market perform” rating on shares of NVIDIA in a report on Thursday, February 26th. Weiss Ratings reiterated a “buy (b-)” rating on shares of NVIDIA in a research note on Monday, December 29th. HSBC set a $310.00 price target on NVIDIA in a report on Tuesday, February 24th. Finally, BNP Paribas Exane upped their price objective on NVIDIA from $260.00 to $270.00 and gave the stock an “outperform” rating in a research note on Thursday, February 26th. Four equities research analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $273.64.

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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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