Peoples Financial Services CORP. Purchases 1,275 Shares of NVIDIA Corporation $NVDA

Peoples Financial Services CORP. grew its position in NVIDIA Corporation (NASDAQ:NVDA) by 94.4% in the second quarter, HoldingsChannel.com reports. The fund owned 2,625 shares of the computer hardware maker’s stock after buying an additional 1,275 shares during the quarter. Peoples Financial Services CORP.’s holdings in NVIDIA were worth $415,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Kathleen S. Wright Associates Inc. raised its stake in shares of NVIDIA by 169.3% in the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker’s stock valued at $44,000 after acquiring an additional 254 shares during the last quarter. Barnes Dennig Private Wealth Management LLC bought a new position in shares of NVIDIA in the first quarter valued at approximately $51,000. Bruce G. Allen Investments LLC raised its stake in shares of NVIDIA by 198.2% in the first quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker’s stock valued at $53,000 after acquiring an additional 327 shares during the last quarter. Legend Financial Advisors Inc. bought a new position in shares of NVIDIA in the second quarter valued at approximately $55,000. Finally, Campbell Capital Management Inc. raised its stake in shares of NVIDIA by 5,900.0% in the first quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker’s stock valued at $65,000 after acquiring an additional 590 shares during the last quarter. Institutional investors own 65.27% of the company’s stock.

Insider Activity

In other news, Director Mark A. Stevens sold 350,000 shares of the business’s stock in a transaction on Friday, September 19th. The shares were sold at an average price of $176.39, for a total value of $61,736,500.00. Following the completion of the transaction, the director owned 7,399,803 shares of the company’s stock, valued at $1,305,251,251.17. The trade was a 4.52% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Harvey C. Jones sold 250,000 shares of the business’s stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $176.21, for a total transaction of $44,052,500.00. Following the completion of the transaction, the director directly owned 7,183,280 shares of the company’s stock, valued at $1,265,765,768.80. This trade represents a 3.36% decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,801,587 shares of company stock valued at $673,950,484 in the last quarter. Company insiders own 4.17% of the company’s stock.

Wall Street Analysts Forecast Growth

NVDA has been the subject of a number of research reports. Sanford C. Bernstein reissued a “buy” rating on shares of NVIDIA in a report on Tuesday, September 23rd. Wells Fargo & Company raised their price target on shares of NVIDIA from $185.00 to $220.00 and gave the company an “overweight” rating in a report on Monday, August 11th. Oppenheimer reissued an “outperform” rating and issued a $225.00 price target (up previously from $200.00) on shares of NVIDIA in a report on Thursday, August 28th. Wedbush reissued an “outperform” rating and issued a $210.00 price target on shares of NVIDIA in a report on Thursday, August 28th. Finally, Morgan Stanley raised their price target on shares of NVIDIA from $206.00 to $210.00 and gave the company an “overweight” rating in a report on Thursday, August 28th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, NVIDIA currently has a consensus rating of “Moderate Buy” and an average target price of $212.84.

NVIDIA Price Performance

NVDA opened at $183.16 on Monday. The company has a fifty day moving average price of $179.16 and a two-hundred day moving average price of $151.02. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.60 and a current ratio of 4.21. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $195.62. The firm has a market capitalization of $4.45 trillion, a PE ratio of 52.18, a P/E/G ratio of 1.32 and a beta of 2.12.

NVIDIA (NASDAQ:NVDA) last released its earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS 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 firm had revenue of $46.74 billion during the quarter, compared to analyst estimates of $45.65 billion. During the same quarter in the previous year, the business earned $0.68 EPS. The business’s quarterly revenue was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. As a group, analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th were issued a $0.01 dividend. The ex-dividend date of this dividend was Thursday, September 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. NVIDIA’s payout ratio is 1.14%.

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.