Citizens & Northern Corp Boosts Holdings in NVIDIA Corporation (NASDAQ:NVDA)

Citizens & Northern Corp increased its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 3.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 94,945 shares of the computer hardware maker's stock after buying an additional 3,546 shares during the period. NVIDIA accounts for approximately 2.9% of Citizens & Northern Corp's holdings, making the stock its 10th biggest holding. Citizens & Northern Corp's holdings in NVIDIA were worth $10,290,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in NVDA. Riverwater Partners LLC lifted its position in NVIDIA by 59.0% during the 1st quarter. Riverwater Partners LLC now owns 8,180 shares of the computer hardware maker's stock valued at $887,000 after purchasing an additional 3,035 shares during the period. Stableford Capital II LLC bought a new stake in NVIDIA during the 1st quarter worth approximately $937,000. RF&L Wealth Management LLC grew its stake in shares of NVIDIA by 19.9% during the 1st quarter. RF&L Wealth Management LLC now owns 18,045 shares of the computer hardware maker's stock worth $1,956,000 after acquiring an additional 3,000 shares in the last quarter. Good Steward Wealth Advisors LLC acquired a new stake in shares of NVIDIA in the 1st quarter valued at approximately $314,000. Finally, Alta Capital Management LLC boosted its holdings in shares of NVIDIA by 19.3% in the 1st quarter. Alta Capital Management LLC now owns 679,191 shares of the computer hardware maker's stock valued at $73,611,000 after buying an additional 109,967 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

Insider Transactions at NVIDIA

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the firm's stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $158.35, for a total value of $11,876,250.00. Following the sale, the chief executive officer owned 75,023,225 shares of the company's stock, valued at $11,879,927,678.75. This trade represents a 0.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director A Brooke Seawell sold 50,514 shares of the firm's stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $158.37, for a total value of $7,999,902.18. Following the completion of the sale, the director directly owned 1,974,784 shares in the company, valued at approximately $312,746,542.08. The trade was a 2.49% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,296,844 shares of company stock worth $624,019,677 in the last three months. 4.17% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on NVDA shares. HSBC downgraded NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 price target for the company. in a report on Thursday, April 3rd. DA Davidson lifted their target price on NVIDIA from $120.00 to $135.00 and gave the company a "neutral" rating in a research report on Thursday, May 29th. Seaport Res Ptn upgraded NVIDIA to a "strong sell" rating in a research report on Wednesday, April 30th. KeyCorp set a $190.00 target price on NVIDIA in a research report on Wednesday, March 19th. Finally, Morgan Stanley reiterated an "overweight" rating and issued a $170.00 target price (up previously from $160.00) on shares of NVIDIA in a research report on Thursday, May 29th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-four have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $176.47.

NVIDIA Trading Up 1.1%

Shares of NVIDIA stock opened at $160.00 on Wednesday. The stock has a fifty day simple moving average of $138.39 and a 200 day simple moving average of $128.20. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $160.98. The company has a market capitalization of $3.90 trillion, a P/E ratio of 51.61, a price-to-earnings-growth ratio of 1.40 and a beta of 2.13. 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 announced its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). The business had revenue of $44.06 billion during the quarter, compared to the consensus estimate of $43.09 billion. NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The firm's revenue for the quarter was up 69.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.61 EPS. On average, sell-side analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th were paid a dividend of $0.01 per share. The ex-dividend date was Wednesday, June 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. NVIDIA's payout ratio is 1.29%.

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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