Farmers & Merchants Trust Co of Chambersburg PA Sells 5,629 Shares of NVIDIA Corporation $NVDA

Key Points

• Farmers & Merchants Trust Co of Chambersburg PA reduced its stake in NVIDIA by 10.9%, selling 5,629 shares and resulting in a current holding of 45,789 shares valued at approximately $7.23 million.
• Insider sales included significant transactions, with Director Persis Drell selling 40,000 shares and Director Harvey C. Jones selling 250,000 shares, totaling $51 million in recent sales.
• NVIDIA's stock has received multiple price target increases from equities analysts, with the average target now set at $208.76 and a consensus rating of "Moderate Buy."

Farmers & Merchants Trust Co of Chambersburg PA cut its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 10.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,789 shares of the computer hardware maker's stock after selling 5,629 shares during the period. NVIDIA accounts for 2.3% of Farmers & Merchants Trust Co of Chambersburg PA's investment portfolio, making the stock its 11th largest holding. Farmers & Merchants Trust Co of Chambersburg PA's holdings in NVIDIA were worth $7,234,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in NVDA. Kathleen S. Wright Associates Inc. boosted its holdings in NVIDIA by 169.3% in the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock valued at $44,000 after acquiring an additional 254 shares during the last quarter. Copia Wealth Management bought a new stake in NVIDIA in the fourth quarter valued at approximately $50,000. Barnes Dennig Private Wealth Management LLC bought a new stake in NVIDIA in the first quarter valued at approximately $51,000. Bruce G. Allen Investments LLC lifted its stake in 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 buying an additional 327 shares during the period. Finally, Campbell Capital Management Inc. lifted its stake in NVIDIA by 5,900.0% in the first quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker's stock valued at $65,000 after buying an additional 590 shares during the period. 65.27% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Morgan Stanley boosted their price target on NVIDIA from $206.00 to $210.00 and gave the company an "overweight" rating in a research note on Thursday, August 28th. Daiwa Capital Markets boosted their price target on NVIDIA from $165.00 to $205.00 and gave the company an "outperform" rating in a research note on Wednesday, September 17th. UBS Group reissued a "buy" rating on shares of NVIDIA in a research note on Tuesday. Craig Hallum boosted their price target on NVIDIA from $195.00 to $245.00 and gave the company a "buy" rating in a research note on Thursday, August 28th. Finally, Wedbush reissued an "outperform" rating and issued a $210.00 price target on shares of NVIDIA in a research note on Thursday, August 28th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-six have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, NVIDIA presently has a consensus rating of "Moderate Buy" and an average target price of $208.76.

Insiders Place Their Bets

In related news, Director Persis Drell sold 40,000 shares of the stock in a transaction on Friday, September 19th. The stock was sold at an average price of $177.65, for a total value of $7,106,000.00. Following the completion of the sale, the director directly owned 138,740 shares of the company's stock, valued at approximately $24,647,161. This represents a 22.38% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Harvey C. Jones sold 250,000 shares of the stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $176.21, for a total value of $44,052,500.00. Following the completion of the sale, the director directly owned 7,183,280 shares of the company's stock, valued at $1,265,765,768.80. The trade was a 3.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,302,450 shares of company stock worth $740,755,443 in the last three months. 4.17% of the stock is owned by corporate insiders.

NVIDIA Price Performance

Shares of NASDAQ:NVDA opened at $176.97 on Thursday. 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 Corporation has a twelve month low of $86.62 and a twelve month high of $184.55. The stock's 50 day moving average is $176.39 and its 200-day moving average is $144.81. The firm has a market capitalization of $4.30 trillion, a price-to-earnings ratio of 50.42, a PEG ratio of 1.29 and a beta of 2.10.

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

NVIDIA Announces Dividend

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