NVIDIA Corporation $NVDA Stock Holdings Lifted by Providence First Trust Co

Providence First Trust Co grew its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA) by 16.5% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 45,758 shares of the computer hardware maker’s stock after purchasing an additional 6,475 shares during the quarter. NVIDIA makes up approximately 2.6% of Providence First Trust Co’s holdings, making the stock its 9th biggest position. Providence First Trust Co’s holdings in NVIDIA were worth $7,229,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in NVDA. Harbor Asset Planning Inc. purchased a new position in shares of NVIDIA during the 2nd quarter worth $28,000. Kathleen S. Wright Associates Inc. raised its holdings in NVIDIA by 169.3% in the 1st quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker’s stock worth $44,000 after purchasing an additional 254 shares during the period. Legend Financial Advisors Inc. purchased a new position in NVIDIA during the second quarter valued at $55,000. Campbell Capital Management Inc. grew its holdings in NVIDIA by 5,900.0% during the first quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker’s stock valued at $65,000 after purchasing an additional 590 shares during the period. Finally, Westend Capital Management LLC raised its stake in shares of NVIDIA by 46.8% in the second quarter. Westend Capital Management LLC now owns 455 shares of the computer hardware maker’s stock worth $72,000 after buying an additional 145 shares during the period. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Insider Activity at NVIDIA

In related news, CEO Jen Hsun Huang sold 75,000 shares of the business’s stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $177.57, for a total value of $13,317,750.00. Following the sale, the chief executive officer owned 72,248,366 shares in the company, valued at approximately $12,829,142,350.62. The trade was a 0.10% 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 Mark A. Stevens sold 350,000 shares of the company’s stock in a transaction on Friday, September 19th. The shares were sold at an average price of $176.39, for a total transaction of $61,736,500.00. Following the sale, the director directly owned 7,399,803 shares in the company, valued at approximately $1,305,251,251.17. The trade was a 4.52% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 3,251,577 shares of company stock valued at $583,143,187. 4.17% of the stock is owned by corporate insiders.

NVIDIA Stock Up 2.1%

Shares of NVDA stock opened at $182.55 on Tuesday. The company’s fifty day simple moving average is $186.56 and its two-hundred day simple moving average is $169.23. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $212.19. The stock has a market cap of $4.44 trillion, a P/E ratio of 52.01, a PEG ratio of 1.49 and a beta of 2.11. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08.

NVIDIA (NASDAQ:NVDA) last issued its earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.07. The firm had revenue of $57.01 billion for the quarter, compared to analysts’ expectations of $54.66 billion. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The business’s revenue was up 62.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.81 earnings per share. NVIDIA has set its Q4 2026 guidance at EPS. Analysts predict that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

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

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Robert W. Baird set a $275.00 price objective on NVIDIA and gave the company an “outperform” rating in a research note on Thursday. Raymond James Financial set a $272.00 price target on shares of NVIDIA and gave the stock a “strong-buy” rating in a research report on Thursday. Citigroup raised their price objective on shares of NVIDIA from $220.00 to $270.00 and gave the company a “buy” rating in a research report on Thursday, November 20th. Cantor Fitzgerald restated an “overweight” rating and set a $300.00 target price on shares of NVIDIA in a research note on Thursday, November 20th. Finally, Evercore ISI set a $352.00 price target on NVIDIA and gave the stock an “outperform” rating in a research note on Thursday. Four 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 stock. Based on data from MarketBeat, NVIDIA presently has a consensus rating of “Buy” and a consensus price target of $257.79.

About NVIDIA

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.