Crews Bank & Trust increased its holdings in NVIDIA Corporation (NASDAQ:NVDA – Free Report) by 3.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,614 shares of the computer hardware maker’s stock after purchasing an additional 396 shares during the quarter. Crews Bank & Trust’s holdings in NVIDIA were worth $1,835,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Pachira Investments Inc. lifted its holdings in NVIDIA by 1.0% in the second quarter. Pachira Investments Inc. now owns 6,450 shares of the computer hardware maker’s stock valued at $1,019,000 after buying an additional 63 shares during the period. HFG Wealth Management LLC lifted its holdings in NVIDIA by 3.4% in the second quarter. HFG Wealth Management LLC now owns 2,075 shares of the computer hardware maker’s stock valued at $328,000 after buying an additional 68 shares during the period. Hidden Cove Wealth Management LLC lifted its holdings in NVIDIA by 0.3% in the second quarter. Hidden Cove Wealth Management LLC now owns 23,778 shares of the computer hardware maker’s stock valued at $3,757,000 after buying an additional 69 shares during the period. Summit Financial Strategies Inc. lifted its holdings in NVIDIA by 0.6% in the second quarter. Summit Financial Strategies Inc. now owns 11,637 shares of the computer hardware maker’s stock valued at $1,839,000 after buying an additional 69 shares during the period. Finally, Burkett Financial Services LLC lifted its holdings in NVIDIA by 1.3% in the second quarter. Burkett Financial Services LLC now owns 5,450 shares of the computer hardware maker’s stock valued at $861,000 after buying an additional 70 shares during the period. Institutional investors own 65.27% of the company’s stock.
Insider Buying and Selling at NVIDIA
In related news, CEO Jen Hsun Huang sold 75,000 shares of the company’s stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $181.01, for a total value of $13,575,750.00. Following the sale, the chief executive officer owned 70,333,203 shares in the company, valued at $12,731,013,075.03. This represents a 0.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In the last quarter, insiders have sold 3,678,937 shares of company stock valued at $654,837,526. Corporate insiders own 4.17% of the company’s stock.
NVIDIA Trading Up 0.8%
NVIDIA (NASDAQ:NVDA – Get Free Report) last posted its earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.04. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The company had revenue of $46.74 billion for the quarter, compared to analyst estimates of $45.65 billion. During the same quarter in the prior year, the business posted $0.68 EPS. The firm’s revenue was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. As a group, research analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.
NVIDIA Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Thursday, September 11th were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date was Thursday, September 11th. NVIDIA’s dividend payout ratio is currently 1.14%.
Wall Street Analyst Weigh In
Several research firms recently issued reports on NVDA. UBS Group set a $320.00 target price on shares of NVIDIA in a report on Wednesday. Daiwa Capital Markets upped their price objective on shares of NVIDIA from $165.00 to $205.00 and gave the company an “outperform” rating in a report on Wednesday, September 17th. Citigroup reiterated a “buy” rating and set a $210.00 price objective (up previously from $200.00) on shares of NVIDIA in a report on Tuesday, September 30th. DA Davidson upgraded shares of NVIDIA from a “neutral” rating to a “buy” rating and upped their price objective for the company from $195.00 to $210.00 in a report on Thursday, September 11th. Finally, Bank of America upped their price objective on shares of NVIDIA from $220.00 to $235.00 and gave the company a “buy” rating in a report on Thursday, August 28th. Five investment analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $222.23.
View Our Latest Report on NVDA
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.
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