NVIDIA Corporation $NVDA Holdings Lifted by Providence First Trust Co

Providence First Trust Co raised its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA) by 16.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,758 shares of the computer hardware maker’s stock after purchasing an additional 6,475 shares during the period. NVIDIA accounts for about 2.6% of Providence First Trust Co’s holdings, making the stock its 9th largest holding. Providence First Trust Co’s holdings in NVIDIA were worth $7,229,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Harbor Asset Planning Inc. purchased a new position in NVIDIA during the 2nd quarter valued at $28,000. Legend Financial Advisors Inc. bought a new stake in shares of NVIDIA during the 2nd quarter valued at about $55,000. Kathleen S. Wright Associates Inc. increased its position in shares of NVIDIA by 169.3% during the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker’s stock valued at $44,000 after buying an additional 254 shares during the period. Westend Capital Management LLC raised its stake in 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 in the last quarter. Finally, Copia Wealth Management lifted its holdings in NVIDIA by 14.7% in the second quarter. Copia Wealth Management now owns 468 shares of the computer hardware maker’s stock worth $74,000 after buying an additional 60 shares during the period. 65.27% of the stock is currently owned by institutional investors.

Insider Transactions at NVIDIA

In other news, Director Mark A. Stevens sold 350,000 shares of the company’s stock in a transaction on Friday, September 19th. The stock was sold at an average price of $176.39, for a total transaction of $61,736,500.00. Following the transaction, the director directly owned 7,399,803 shares of the company’s stock, valued at $1,305,251,251.17. This represents a 4.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $177.57, for a total value of $13,317,750.00. Following the completion of the sale, the chief executive officer owned 72,248,366 shares of the company’s stock, valued at $12,829,142,350.62. The trade was a 0.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 3,251,577 shares of company stock worth $583,143,187 over the last quarter. 4.17% of the stock is currently owned by insiders.

NVIDIA Stock Performance

Shares of NVIDIA stock opened at $182.55 on Tuesday. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $212.19. The firm’s 50-day moving average is $186.56 and its 200 day moving average is $169.23. The stock has a market cap of $4.44 trillion, a price-to-earnings ratio of 52.01, a PEG ratio of 1.49 and a beta of 2.11. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 3.60.

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 business had revenue of $57.01 billion during the quarter, compared to analysts’ expectations of $54.66 billion. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The business’s revenue for the quarter was up 62.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.81 earnings per share. NVIDIA has set its Q4 2026 guidance at EPS. Sell-side analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Thursday, December 4th will be issued a $0.01 dividend. The ex-dividend date of this dividend is 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 presently 0.99%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Susquehanna upped their target price on NVIDIA from $230.00 to $250.00 and gave the stock a “positive” rating in a report on Thursday, November 20th. Argus reaffirmed a “buy” rating and issued a $220.00 price target on shares of NVIDIA in a research note on Thursday, November 20th. Piper Sandler set a $225.00 price objective on NVIDIA and gave the stock an “overweight” rating in a report on Wednesday, August 13th. Rosenblatt Securities boosted their target price on shares of NVIDIA from $240.00 to $245.00 and gave the company a “buy” rating in a report on Thursday, November 20th. Finally, BNP Paribas Exane upped their target price on shares of NVIDIA from $240.00 to $250.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 18th. Four investment analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $257.79.

NVIDIA Company 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.