NVIDIA Corporation $NVDA Shares Purchased by Grove Bank & Trust

Grove Bank & Trust raised its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 12.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 108,098 shares of the computer hardware maker’s stock after purchasing an additional 12,138 shares during the period. NVIDIA comprises approximately 2.4% of Grove Bank & Trust’s holdings, making the stock its 8th largest holding. Grove Bank & Trust’s holdings in NVIDIA were worth $20,169,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Center for Financial Planning Inc. increased its holdings in shares of NVIDIA by 4.6% in the 2nd quarter. Center for Financial Planning Inc. now owns 8,429 shares of the computer hardware maker’s stock worth $1,332,000 after acquiring an additional 367 shares during the period. Atria Investments Inc increased its stake in shares of NVIDIA by 3.2% in the second quarter. Atria Investments Inc now owns 942,208 shares of the computer hardware maker’s stock valued at $148,859,000 after purchasing an additional 29,479 shares during the period. Fielder Capital Group LLC raised its holdings in shares of NVIDIA by 9.7% during the first quarter. Fielder Capital Group LLC now owns 50,469 shares of the computer hardware maker’s stock valued at $5,470,000 after buying an additional 4,444 shares during the last quarter. MADDEN SECURITIES Corp boosted its position in shares of NVIDIA by 3.2% during the second quarter. MADDEN SECURITIES Corp now owns 81,322 shares of the computer hardware maker’s stock worth $12,848,000 after buying an additional 2,484 shares during the period. Finally, ORG Wealth Partners LLC grew its holdings in NVIDIA by 7.7% in the 2nd quarter. ORG Wealth Partners LLC now owns 49,301 shares of the computer hardware maker’s stock worth $7,560,000 after buying an additional 3,542 shares in the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on NVDA. Benchmark lifted their target price on NVIDIA from $220.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, November 20th. Needham & Company LLC restated a “buy” rating and set a $240.00 price objective on shares of NVIDIA in a research note on Thursday, November 20th. Mizuho upped their price objective on shares of NVIDIA from $235.00 to $245.00 and gave the stock an “outperform” rating in a report on Thursday, November 20th. Wells Fargo & Company reissued an “overweight” rating and set a $265.00 target price (up previously from $220.00) on shares of NVIDIA in a research note on Friday, November 14th. Finally, Truist Financial upped their price target on shares of NVIDIA from $228.00 to $255.00 and gave the stock a “buy” rating in a research note on Thursday, November 20th. Five equities research analysts have rated the stock with a Strong Buy rating, forty-five have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $261.67.

NVIDIA Stock Performance

Shares of NVDA opened at $174.14 on Friday. 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 firm’s 50 day moving average is $185.63 and its 200-day moving average is $174.62. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $212.19. The stock has a market capitalization of $4.23 trillion, a P/E ratio of 43.21, a P/E/G ratio of 0.84 and a beta of 2.29.

NVIDIA (NASDAQ:NVDA) last released its earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 EPS for the quarter, beating the consensus estimate of $1.23 by $0.07. The business had revenue of $57.01 billion during the quarter, compared to analyst estimates of $54.66 billion. NVIDIA had a net margin of 53.01% and a return on equity of 99.24%. The business’s quarterly revenue was up 62.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.81 earnings per share. Equities research analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

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

Insider Buying and Selling

In related news, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $181.01, for a total value of $13,575,750.00. Following the transaction, the chief executive officer owned 70,258,203 shares of the company’s stock, valued at approximately $12,717,437,325.03. This trade represents a 0.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Harvey C. Jones sold 250,000 shares of the business’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $177.33, for a total value of $44,332,500.00. Following the sale, the director owned 6,933,280 shares in the company, valued at approximately $1,229,478,542.40. The trade was a 3.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 2,163,974 shares of company stock valued at $396,087,917. Insiders own 4.17% of the company’s stock.

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.