First Bank & Trust Sells 2,177 Shares of NVIDIA Corporation $NVDA

Key Points

• First Bank & Trust reduced its holdings in NVIDIA Corporation by 4.7%, selling 2,177 shares during the 2nd quarter, bringing its total ownership to 43,893 shares valued at approximately $6.9 million.
• Multiple hedge funds have modified their stakes in NVIDIA, with notable increases from firms including North Berkeley Wealth Management, which raised its stake by 23.4%.
• Recent analyst upgrades reflect growing confidence in NVIDIA, as firms like DA Davidson and Barclays have raised their price targets to between $200 and $250, contributing to a consensus rating of "Moderate Buy."

First Bank & Trust reduced its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 4.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,893 shares of the computer hardware maker's stock after selling 2,177 shares during the quarter. NVIDIA accounts for approximately 1.2% of First Bank & Trust's holdings, making the stock its 12th biggest position. First Bank & Trust's holdings in NVIDIA were worth $6,935,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Astoria Portfolio Advisors LLC. raised its stake in NVIDIA by 0.9% during the 1st quarter. Astoria Portfolio Advisors LLC. now owns 93,568 shares of the computer hardware maker's stock valued at $9,610,000 after purchasing an additional 864 shares during the last quarter. Centerpoint Advisory Group lifted its holdings in shares of NVIDIA by 2.5% during the 1st quarter. Centerpoint Advisory Group now owns 39,398 shares of the computer hardware maker's stock worth $4,270,000 after acquiring an additional 943 shares during the period. GSB Wealth Management LLC lifted its holdings in shares of NVIDIA by 3.3% during the 1st quarter. GSB Wealth Management LLC now owns 32,611 shares of the computer hardware maker's stock worth $3,534,000 after acquiring an additional 1,043 shares during the period. Variant Private Wealth LLC lifted its holdings in shares of NVIDIA by 20.6% during the 1st quarter. Variant Private Wealth LLC now owns 18,800 shares of the computer hardware maker's stock worth $2,038,000 after acquiring an additional 3,206 shares during the period. Finally, Financial Perspectives Inc lifted its holdings in shares of NVIDIA by 2.8% during the 1st quarter. Financial Perspectives Inc now owns 45,958 shares of the computer hardware maker's stock worth $4,981,000 after acquiring an additional 1,265 shares during the period. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently commented on NVDA shares. Needham & Company LLC reaffirmed a "buy" rating and set a $200.00 price objective on shares of NVIDIA in a report on Thursday, August 28th. KeyCorp reaffirmed an "overweight" rating and set a $230.00 price objective (up from $215.00) on shares of NVIDIA in a report on Thursday, August 28th. New Street Research raised their price objective on shares of NVIDIA from $200.00 to $235.00 and gave the stock a "buy" rating in a report on Friday, September 12th. Benchmark raised their price objective on shares of NVIDIA from $190.00 to $220.00 and gave the stock a "buy" rating in a report on Thursday, August 28th. Finally, Craig Hallum raised their price objective on shares of NVIDIA from $195.00 to $245.00 and gave the stock a "buy" rating in a report on Thursday, August 28th. Four analysts have rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $208.47.

NVIDIA Price Performance

NVDA traded up $6.94 during midday trading on Monday, hitting $183.61. The company had a trading volume of 268,372,112 shares, compared to its average volume of 180,339,776. 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 company has a market capitalization of $4.46 trillion, a PE ratio of 52.31, a P/E/G ratio of 1.28 and a beta of 2.10. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $184.55. The firm's 50-day simple moving average is $175.73 and its 200-day simple moving average is $143.85.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share 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 analysts' expectations of $45.65 billion. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The company's quarterly revenue was up 55.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. Equities research analysts predict that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th will be given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.0%. The ex-dividend date is Thursday, September 11th. NVIDIA's dividend payout ratio (DPR) is presently 1.14%.

Insider Activity at NVIDIA

In other news, CFO Colette Kress sold 30,500 shares of the firm's stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $176.40, for a total value of $5,380,200.00. Following the transaction, the chief financial officer owned 2,883,402 shares of the company's stock, valued at approximately $508,632,112.80. This trade represents a 1.05% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of the firm's stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $176.42, for a total transaction of $13,231,500.00. Following the completion of the transaction, the chief executive officer directly owned 71,683,203 shares in the company, valued at $12,646,350,673.26. This trade represents a 0.10% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 3,914,341 shares of company stock worth $662,228,310. 4.17% of the stock is owned by insiders.

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.