Free Trial

First Business Financial Services Inc. Increases Position in NVIDIA Corporation (NASDAQ:NVDA)

NVIDIA logo with Computer and Technology background

First Business Financial Services Inc. lifted its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 8.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 90,986 shares of the computer hardware maker's stock after acquiring an additional 6,797 shares during the quarter. NVIDIA accounts for about 1.0% of First Business Financial Services Inc.'s investment portfolio, making the stock its 13th biggest position. First Business Financial Services Inc.'s holdings in NVIDIA were worth $9,861,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Copia Wealth Management bought a new stake in NVIDIA in the fourth quarter valued at about $50,000. Barnes Dennig Private Wealth Management LLC bought a new stake in NVIDIA in the first quarter valued at about $51,000. Bruce G. Allen Investments LLC increased its holdings 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 last quarter. LSV Asset Management bought a new stake in NVIDIA in the fourth quarter valued at about $54,000. Finally, Delos Wealth Advisors LLC increased its holdings in NVIDIA by 134.8% in the fourth quarter. Delos Wealth Advisors LLC now owns 493 shares of the computer hardware maker's stock valued at $66,000 after buying an additional 283 shares during the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on NVDA. DA Davidson upped their target price on NVIDIA from $120.00 to $135.00 and gave the company a "neutral" rating in a report on Thursday, May 29th. Truist Financial upped their target price on NVIDIA from $205.00 to $210.00 and gave the company a "buy" rating in a report on Thursday, May 29th. Summit Insights raised NVIDIA from a "hold" rating to a "buy" rating in a report on Thursday, May 29th. UBS Group reaffirmed a "buy" rating on shares of NVIDIA in a report on Friday, May 23rd. Finally, Needham & Company LLC upped their target price on NVIDIA from $160.00 to $200.00 and gave the company a "buy" rating in a report on Wednesday, July 16th. One analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-two have given a buy rating and four have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $183.75.

Read Our Latest Analysis on NVIDIA

Insider Transactions at NVIDIA

In other news, CFO Colette Kress sold 27,640 shares of the firm's stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $178.06, for a total value of $4,921,578.40. Following the sale, the chief financial officer directly owned 2,956,876 shares of the company's stock, valued at approximately $526,501,340.56. This trade represents a 0.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of the firm's stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $182.38, for a total value of $13,678,500.00. Following the completion of the sale, the chief executive officer directly owned 73,223,225 shares in the company, valued at approximately $13,354,451,775.50. This represents a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,687,440 shares of company stock valued at $862,095,782 in the last ninety days. Insiders own 4.17% of the company's stock.

NVIDIA Price Performance

Shares of NASDAQ:NVDA opened at $182.06 on Tuesday. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $183.88. The company's fifty day moving average is $160.71 and its two-hundred day moving average is $133.89. The company has a quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10. The company has a market cap of $4.44 trillion, a P/E ratio of 58.73, a price-to-earnings-growth ratio of 1.61 and a beta of 2.14.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The company had revenue of $44.06 billion during the quarter, compared to analyst estimates of $43.09 billion. During the same period in the prior year, the firm earned $0.61 EPS. NVIDIA's quarterly revenue was up 69.2% on a year-over-year basis. Equities analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th were given a $0.01 dividend. The ex-dividend date of this dividend was Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. NVIDIA's payout ratio is currently 1.29%.

About NVIDIA

(Free Report)

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.

Read More

Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Corporation (NASDAQ:NVDA - Free Report).

Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in NVIDIA Right Now?

Before you consider NVIDIA, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NVIDIA wasn't on the list.

While NVIDIA currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

7 Stocks to Buy And Hold Forever Cover

Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Related Videos

NVDA Greenlight: China Sales Spark 50% Rally Potential
NVIDIA: Another 200% Growth Ahead? (PLUS 2 Companies Riding Along)
Congress Bought This Stock at the Bottom—Will You Miss It?

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines