1ST Source Bank Sells 8,924 Shares of NVIDIA Corporation $NVDA

Key Points

• 1ST Source Bank reduced its stake in NVIDIA Corporation by 11% in Q1, holding 72,162 shares valued at approximately $7.82 million after selling 8,924 shares.
• NVIDIA's Director, Mark A. Stevens, sold 935,000 shares for over $131.76 million, reducing his ownership to 9.2 million shares, while total insider sales amounted to $889.40 million in the last 90 days.
• The latest earnings report from NVIDIA showed a 69.2% year-over-year revenue increase, but the company missed earnings per share estimates, reporting $0.81 against an expected $0.87.

1ST Source Bank trimmed its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 11.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 72,162 shares of the computer hardware maker's stock after selling 8,924 shares during the quarter. 1ST Source Bank's holdings in NVIDIA were worth $7,821,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in NVDA. Norges Bank bought a new position in NVIDIA in the 4th quarter worth approximately $43,515,504,000. GAMMA Investing LLC boosted its stake in NVIDIA by 12,173.2% in the 1st quarter. GAMMA Investing LLC now owns 48,837,781 shares of the computer hardware maker's stock worth $5,293,039,000 after purchasing an additional 48,439,859 shares during the period. Northern Trust Corp boosted its stake in NVIDIA by 15.8% in the 4th quarter. Northern Trust Corp now owns 266,454,194 shares of the computer hardware maker's stock worth $35,782,134,000 after purchasing an additional 36,266,817 shares during the period. Assenagon Asset Management S.A. boosted its position in shares of NVIDIA by 204.6% during the 1st quarter. Assenagon Asset Management S.A. now owns 35,652,571 shares of the computer hardware maker's stock valued at $3,864,026,000 after acquiring an additional 23,948,733 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of NVIDIA during the 4th quarter valued at approximately $2,987,733,000. 65.27% of the stock is currently owned by institutional investors.

NVIDIA Trading Down 0.1%

NASDAQ:NVDA traded down $0.24 during midday trading on Wednesday, hitting $175.40. 214,364,691 shares of the company traded hands, compared to its average volume of 154,218,928. The firm's fifty day moving average is $166.03 and its 200-day moving average is $136.50. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $184.48. The firm has a market capitalization of $4.28 trillion, a P/E ratio of 56.58, a P/E/G ratio of 1.54 and a beta of 2.14. The company has a current ratio of 3.39, a quick ratio of 2.96 and a debt-to-equity ratio of 0.10.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.06). NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The company had revenue of $44.06 billion for the quarter, compared to analysts' expectations of $43.09 billion. During the same quarter in the previous year, the company posted $0.61 EPS. The business's quarterly revenue was up 69.2% on a year-over-year basis. NVIDIA has set its Q2 2026 guidance at EPS. On average, sell-side analysts predict that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th were paid a $0.01 dividend. The ex-dividend date was Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. NVIDIA's dividend payout ratio (DPR) is presently 1.29%.

Insiders Place Their Bets

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction on Friday, August 15th. The stock was sold at an average price of $179.76, for a total value of $13,482,000.00. Following the sale, the chief executive officer owned 72,848,225 shares in the company, valued at $13,095,196,926. This trade represents a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Colette Kress sold 27,640 shares of the stock in a transaction on Monday, August 4th. The stock was sold at an average price of $178.06, for a total value of $4,921,578.40. Following the completion of the sale, the chief financial officer owned 2,956,876 shares in the company, valued at approximately $526,501,340.56. The trade was a 0.93% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,912,440 shares of company stock worth $902,886,782. 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. BNP Paribas upgraded NVIDIA to a "hold" rating in a research report on Friday, August 1st. Mizuho increased their target price on NVIDIA from $192.00 to $205.00 and gave the company an "outperform" rating in a research report on Thursday, August 14th. Benchmark reiterated a "buy" rating and set a $190.00 target price on shares of NVIDIA in a research report on Thursday, May 29th. Summit Insights upgraded NVIDIA from a "hold" rating to a "buy" rating in a research report on Thursday, May 29th. Finally, Phillip Securities upgraded NVIDIA from a "moderate buy" rating to a "strong-buy" rating in a research report on Monday, July 14th. Four analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $189.97.

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.