NVIDIA Corporation $NVDA is Atlantic Union Bankshares Corp's 6th Largest Position

Key Points

• Atlantic Union Bankshares Corp reduced its stake in NVIDIA Corporation by 0.9%, holding 359,390 shares valued at approximately $38.95 million, making it the bank's 6th largest position.
• Insider trading activity included EVP Ajay K. Puri selling 168,195 shares and CEO Jen Hsun Huang selling 75,000 shares, resulting in a 4.02% and 0.10% decrease in their respective positions.
• Analysts have increased price targets for NVIDIA shares, with Goldman Sachs initiating a "buy" rating and Oppenheimer raising their target from $175 to $200, reflecting a strong consensus outlook for the company.

Atlantic Union Bankshares Corp cut its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 0.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 359,390 shares of the computer hardware maker's stock after selling 3,247 shares during the quarter. NVIDIA makes up about 2.3% of Atlantic Union Bankshares Corp's holdings, making the stock its 6th biggest holding. Atlantic Union Bankshares Corp's holdings in NVIDIA were worth $38,951,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. FMR LLC lifted its stake in shares of NVIDIA by 0.7% in the 4th quarter. FMR LLC now owns 1,004,376,608 shares of the computer hardware maker's stock worth $134,877,735,000 after purchasing an additional 6,665,252 shares during the period. Geode Capital Management LLC boosted its stake in shares of NVIDIA by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 555,548,278 shares of the computer hardware maker's stock worth $74,439,273,000 after acquiring an additional 9,468,786 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of NVIDIA by 0.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 411,328,951 shares of the computer hardware maker's stock valued at $55,237,367,000 after buying an additional 3,721,331 shares during the last quarter. Norges Bank bought a new stake in shares of NVIDIA during the fourth quarter valued at approximately $43,515,504,000. Finally, Northern Trust Corp raised its position in shares of NVIDIA by 15.8% during the fourth quarter. Northern Trust Corp now owns 266,454,194 shares of the computer hardware maker's stock valued at $35,782,134,000 after buying an additional 36,266,817 shares during the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Jen Hsun Huang sold 75,000 shares of the company's 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 completion of the transaction, the chief executive officer directly owned 72,848,225 shares in the company, valued at approximately $13,095,196,926. This represents a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Colette Kress sold 27,640 shares of the company's stock in a transaction on Monday, August 4th. The shares were sold at an average price of $178.06, for a total value of $4,921,578.40. Following the completion of the transaction, the chief financial officer owned 2,956,876 shares of the company's stock, valued at $526,501,340.56. The trade was a 0.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,912,440 shares of company stock worth $902,886,782. 4.17% of the stock is owned by company insiders.

NVIDIA Trading Down 3.1%

Shares of NVDA traded down $5.6210 during midday trading on Tuesday, reaching $176.3890. The company had a trading volume of 134,558,082 shares, compared to its average volume of 240,815,766. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $184.48. The stock has a market cap of $4.30 trillion, a PE ratio of 56.85, a price-to-earnings-growth ratio of 1.59 and a beta of 2.14. The firm has a 50 day simple moving average of $164.75 and a 200-day simple moving average of $135.95. The company has a quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The firm had revenue of $44.06 billion for the quarter, compared to analysts' expectations of $43.09 billion. During the same quarter last year, the business earned $0.61 earnings per share. The business's revenue was up 69.2% compared to the same quarter last year. NVIDIA has set its Q2 2026 guidance at EPS. Research analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Investors 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 dividend yield of 0.0%. NVIDIA's payout ratio is 1.29%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on NVDA shares. Truist Financial raised their target price on shares of NVIDIA from $205.00 to $210.00 and gave the company a "buy" rating in a report on Thursday, May 29th. TD Cowen boosted their target price on shares of NVIDIA from $140.00 to $235.00 and gave the company a "buy" rating in a research note on Tuesday. BNP Paribas upgraded NVIDIA to a "hold" rating in a report on Friday, August 1st. Cantor Fitzgerald reiterated an "overweight" rating and issued a $240.00 target price (up from $200.00) on shares of NVIDIA in a report on Monday. Finally, DA Davidson upped their price objective on shares of NVIDIA from $120.00 to $135.00 and gave the company a "neutral" rating in a report on Thursday, May 29th. Four research analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $189.28.

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.