NVIDIA Corporation $NVDA Shares Bought by VeraBank N.A.

VeraBank N.A. increased its stake in NVIDIA Corporation (NASDAQ:NVDA) by 96.7% during the 2nd quarter, Holdings Channel.com reports. The fund owned 13,639 shares of the computer hardware maker’s stock after buying an additional 6,704 shares during the period. VeraBank N.A.’s holdings in NVIDIA were worth $2,155,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Harbor Asset Planning Inc. acquired a new position in NVIDIA in the second quarter valued at $28,000. Spurstone Advisory Services LLC acquired a new stake in shares of NVIDIA in the second quarter worth $40,000. Kathleen S. Wright Associates Inc. raised its stake in shares of NVIDIA by 169.3% in the 1st 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 period. Legend Financial Advisors Inc. acquired a new position in shares of NVIDIA during the 2nd quarter valued at $55,000. Finally, Campbell Capital Management Inc. boosted its position in NVIDIA by 5,900.0% during the 1st quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker’s stock worth $65,000 after purchasing an additional 590 shares during the period. Institutional investors and hedge funds own 65.27% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on NVDA shares. Sanford C. Bernstein restated a “buy” rating on shares of NVIDIA in a research note on Wednesday, November 26th. Wall Street Zen raised NVIDIA from a “hold” rating to a “buy” rating in a research report on Sunday, October 19th. Piper Sandler set a $225.00 price objective on shares of NVIDIA and gave the company an “overweight” rating in a research report on Wednesday, August 13th. Zacks Research raised shares of NVIDIA from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 24th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $240.00 target price (up from $210.00) on shares of NVIDIA in a research note on Friday, October 31st. Five investment analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $258.65.

Insider Activity at NVIDIA

In other news, Director Harvey C. Jones sold 250,000 shares of the stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $176.21, for a total value of $44,052,500.00. Following the completion of the transaction, the director directly owned 7,183,280 shares in the company, valued at $1,265,765,768.80. This trade represents a 3.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA 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 transaction, the chief executive officer owned 72,248,366 shares in the company, valued at approximately $12,829,142,350.62. This trade represents a 0.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 2,949,931 shares of company stock worth $531,605,955 in the last 90 days. Corporate insiders own 4.17% of the company’s stock.

NVIDIA Price Performance

Shares of NVDA opened at $182.41 on Friday. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $212.19. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.47 and a quick ratio of 3.71. The stock has a fifty day moving average price of $187.13 and a 200 day moving average price of $171.82. The company has a market cap of $4.43 trillion, a P/E ratio of 45.26, a PEG ratio of 0.90 and a beta of 2.29.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.23 by $0.07. NVIDIA had a return on equity of 99.24% and a net margin of 53.01%.The company had revenue of $57.01 billion for the quarter, compared to analysts’ expectations of $54.66 billion. During the same period last year, the business posted $0.81 earnings per share. The firm’s quarterly revenue was up 62.5% compared to the same quarter last year. On average, research analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 26th. Investors 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 annualized dividend and a yield of 0.0%. NVIDIA’s dividend payout ratio is presently 0.99%.

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.