NVIDIA Corporation $NVDA is Park National Corp OH’s 3rd Largest Position

Park National Corp OH trimmed its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 5.4% in the third quarter, Holdings Channel.com reports. The fund owned 705,840 shares of the computer hardware maker’s stock after selling 40,070 shares during the period. NVIDIA makes up about 4.1% of Park National Corp OH’s holdings, making the stock its 3rd largest holding. Park National Corp OH’s holdings in NVIDIA were worth $131,696,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of NVDA. State Street Corp grew its holdings in NVIDIA by 1.0% in the second quarter. State Street Corp now owns 978,208,862 shares of the computer hardware maker’s stock valued at $154,556,803,000 after purchasing an additional 9,554,857 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of NVIDIA by 1.5% during the 2nd quarter. Geode Capital Management LLC now owns 579,213,497 shares of the computer hardware maker’s stock worth $91,150,170,000 after buying an additional 8,521,936 shares during the last quarter. Kingstone Capital Partners Texas LLC boosted its position in shares of NVIDIA by 267,959.7% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 382,373,765 shares of the computer hardware maker’s stock worth $64,976,521,000 after buying an additional 382,231,120 shares in the last quarter. Norges Bank purchased a new stake in shares of NVIDIA in the 2nd quarter worth about $51,386,863,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in NVIDIA by 2.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 206,794,926 shares of the computer hardware maker’s stock valued at $22,412,434,000 after acquiring an additional 5,896,735 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Truist Financial lifted their target price on shares of NVIDIA from $228.00 to $255.00 and gave the stock a “buy” rating in a research report on Thursday, November 20th. Wedbush raised their price objective on shares of NVIDIA from $210.00 to $230.00 and gave the stock an “outperform” rating in a research note on Thursday, November 20th. UBS Group restated a “buy” rating on shares of NVIDIA in a research report on Tuesday, December 9th. Arete Research upped their target price on NVIDIA from $244.00 to $261.00 and gave the company a “buy” rating in a research note on Tuesday, November 25th. Finally, Seaport Global Securities raised their price target on NVIDIA from $100.00 to $140.00 and gave the stock a “sell” rating in a research report on Monday, November 17th. Four research analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, NVIDIA presently has an average rating of “Buy” and a consensus target price of $258.65.

NVIDIA Stock Up 0.8%

Shares of NASDAQ NVDA opened at $177.72 on Wednesday. The firm has a market cap of $4.32 trillion, a P/E ratio of 44.10, a price-to-earnings-growth ratio of 0.86 and a beta of 2.29. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.71 and a current ratio of 4.47. 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 price is $186.36 and its 200 day moving average price is $174.65.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 earnings per share for the quarter, topping 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 analyst estimates of $54.66 billion. During the same quarter in the prior year, the company posted $0.81 EPS. The business’s revenue for the quarter was up 62.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The firm also recently declared 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 is Thursday, December 4th. This represents a $0.04 annualized dividend and a yield of 0.0%. NVIDIA’s payout ratio is 0.99%.

Insider Buying and Selling

In related news, Director John Dabiri sold 626 shares of the stock in a transaction on Monday, November 24th. The stock was sold at an average price of $179.42, for a total value of $112,316.92. Following the transaction, the director directly owned 17,792 shares of the company’s stock, valued at approximately $3,192,240.64. This trade represents a 3.40% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Colette Kress sold 30,500 shares of NVIDIA stock in a transaction on Friday, December 12th. The shares were sold at an average price of $178.11, for a total value of $5,432,355.00. Following the completion of the transaction, the chief financial officer owned 1,286,826 shares in the company, valued at $229,196,578.86. The trade was a 2.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 2,679,474 shares of company stock worth $486,790,117 over the last ninety days. Insiders own 4.17% of the company’s stock.

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.