CHICAGO TRUST Co NA Purchases 6,217 Shares of NVIDIA Corporation $NVDA

Key Points

• CHICAGO TRUST Co NA increased its holdings in NVIDIA Corporation by acquiring an additional 6,217 shares, resulting in a total of 150,120 shares, valued at approximately $23.7 million.
• NVIDIA directors sold a significant number of shares recently, with Director Persis Drell selling 40,000 shares and Director Mark A. Stevens selling 350,000 shares, representing decreases of 22.38% and 4.52% in their respective holdings.
• Wall Street analysts remain optimistic about NVIDIA, with several firms raising their price targets and issuing "buy" ratings, reflecting a consensus target price of $211.00.

CHICAGO TRUST Co NA boosted its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 4.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 150,120 shares of the computer hardware maker's stock after acquiring an additional 6,217 shares during the quarter. NVIDIA accounts for approximately 3.3% of CHICAGO TRUST Co NA's investment portfolio, making the stock its 5th biggest position. CHICAGO TRUST Co NA's holdings in NVIDIA were worth $23,717,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Copia Wealth Management purchased a new stake in NVIDIA during the 4th quarter worth approximately $50,000. Kathleen S. Wright Associates Inc. grew its stake in shares of NVIDIA by 169.3% in the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock worth $44,000 after acquiring an additional 254 shares in the last quarter. Westend Capital Management LLC grew its stake in shares of NVIDIA by 46.8% in the second quarter. Westend Capital Management LLC now owns 455 shares of the computer hardware maker's stock worth $72,000 after acquiring an additional 145 shares in the last quarter. Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of NVIDIA during the first quarter worth $51,000. Finally, Bruce G. Allen Investments LLC raised its stake in shares of NVIDIA by 198.2% in the first 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 in the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director Persis Drell sold 40,000 shares of the firm's stock in a transaction on Friday, September 19th. The shares were sold at an average price of $177.65, for a total transaction of $7,106,000.00. Following the transaction, the director directly owned 138,740 shares of the company's stock, valued at approximately $24,647,161. This trade represents a 22.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Mark A. Stevens sold 350,000 shares of NVIDIA stock in a transaction on Friday, September 19th. The shares were sold at an average price of $176.39, for a total transaction of $61,736,500.00. Following the completion of the transaction, the director owned 7,399,803 shares in the company, valued at approximately $1,305,251,251.17. This represents a 4.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 4,097,407 shares of company stock worth $714,378,504 in the last 90 days. Company insiders own 4.17% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. KeyCorp restated an "overweight" rating and set a $250.00 price target (up previously from $230.00) on shares of NVIDIA in a report on Tuesday. Needham & Company LLC reissued a "buy" rating and set a $200.00 price objective on shares of NVIDIA in a research report on Thursday, August 28th. Truist Financial raised their target price on shares of NVIDIA from $210.00 to $228.00 and gave the company a "buy" rating in a report on Thursday, August 28th. Rosenblatt Securities reiterated a "buy" rating and set a $215.00 price target on shares of NVIDIA in a report on Tuesday, September 23rd. Finally, Wedbush reissued an "outperform" rating and issued a $210.00 price objective on shares of NVIDIA in a research report on Thursday, August 28th. 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 given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $211.00.

NVIDIA Stock Up 0.9%

NVDA opened at $188.89 on Friday. NVIDIA Corporation has a one year low of $86.62 and a one year high of $191.05. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.60 and a current ratio of 4.21. The stock has a market capitalization of $4.59 trillion, a P/E ratio of 53.81, a price-to-earnings-growth ratio of 1.35 and a beta of 2.12. The business's 50-day simple moving average is $177.83 and its 200-day simple moving average is $147.65.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.01 by $0.04. The firm had revenue of $46.74 billion during the quarter, compared to analysts' expectations of $45.65 billion. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The business's revenue was up 55.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. Analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date of this dividend was Thursday, September 11th. NVIDIA's payout ratio is presently 1.14%.

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.

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