Berkshire Bank Has $15.23 Million Stake in NVIDIA Corporation $NVDA

Key Points

• Berkshire Bank reduced its holdings in NVIDIA Corporation by 3.4%, owning 96,380 shares valued at approximately $15.23 million by the end of the recent quarter.
• CEO Jen Hsun Huang and Director Stephen C. Neal sold significant portions of their shares, with Huang selling 75,000 shares for over $13 million.
• Equities analysts have a generally positive outlook on NVIDIA, with an average price target of $208.47 and ratings ranging from "Strong Buy" to "Hold".

Berkshire Bank cut its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 3.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 96,380 shares of the computer hardware maker's stock after selling 3,379 shares during the period. NVIDIA comprises approximately 3.5% of Berkshire Bank's investment portfolio, making the stock its 7th biggest position. Berkshire Bank's holdings in NVIDIA were worth $15,227,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Copia Wealth Management bought a new position in NVIDIA in the 4th quarter valued at approximately $50,000. Kathleen S. Wright Associates Inc. lifted its stake in 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 purchasing an additional 254 shares during the last quarter. Barnes Dennig Private Wealth Management LLC bought a new position in shares of NVIDIA in the 1st quarter valued at $51,000. Bruce G. Allen Investments LLC lifted its stake in shares of NVIDIA by 198.2% in the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock valued at $53,000 after acquiring an additional 327 shares during the last quarter. Finally, Campbell Capital Management Inc. lifted its stake in shares of NVIDIA by 5,900.0% in the 1st quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker's stock valued at $65,000 after acquiring an additional 590 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors.

Insider Activity at NVIDIA

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $176.42, for a total transaction of $13,231,500.00. Following the completion of the sale, the chief executive officer directly owned 71,683,203 shares of the company's stock, valued at approximately $12,646,350,673.26. The trade was a 0.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Stephen C. Neal sold 28,000 shares of the business's stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $177.58, for a total value of $4,972,240.00. Following the sale, the director directly owned 143,410 shares of the company's stock, valued at $25,466,747.80. This represents a 16.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,109,874 shares of company stock valued at $698,280,697 over the last quarter. 4.17% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on NVDA shares. Robert W. Baird increased their target price on NVIDIA from $195.00 to $225.00 and gave the company an "outperform" rating in a research report on Monday, August 25th. The Goldman Sachs Group reiterated a "buy" rating and issued a $200.00 price objective on shares of NVIDIA in a report on Wednesday, August 27th. Needham & Company LLC reiterated a "buy" rating and issued a $200.00 price objective on shares of NVIDIA in a report on Thursday, August 28th. DA Davidson set a $210.00 price objective on shares of NVIDIA in a report on Monday. Finally, Wells Fargo & Company raised their price target on shares of NVIDIA from $185.00 to $220.00 and gave the company an "overweight" rating in a research note on Monday, August 11th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $208.47.

NVIDIA Trading Up 3.9%

NASDAQ NVDA opened at $183.61 on Tuesday. The company has a market cap of $4.46 trillion, a price-to-earnings ratio of 52.31, a P/E/G ratio of 1.28 and a beta of 2.10. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $184.55. The business has a 50 day moving average price of $176.12 and a 200-day moving average price of $144.35. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, beating the consensus estimate of $1.01 by $0.04. The firm had revenue of $46.74 billion during the quarter, compared to the consensus estimate of $45.65 billion. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The company's quarterly revenue was up 55.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. As a group, equities analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th will be paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. The ex-dividend date is Thursday, September 11th. NVIDIA's payout ratio is 1.14%.

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.

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