NVIDIA Corporation (NASDAQ:NVDA) Shares Sold by First National Bank & Trust Co. of Newtown

Key Points

• First National Bank & Trust Co. of Newtown reduced its stake in NVIDIA Corporation by 3.7%, leaving them with 49,875 shares valued at approximately $5.4 million, which constitutes about 1.1% of their total investment portfolio.
• Analysts have raised their price targets for NVIDIA, with Oppenheimer and Barclays increasing targets to $200, while the overall consensus rating remains a "Moderate Buy" with an average price target of $182.03.
• NVIDIA recently reported a miss in quarterly earnings with EPS of $0.81, below the expected $0.87, despite a 69.2% year-over-year revenue increase of $44.06 billion.

First National Bank & Trust Co. of Newtown trimmed its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 3.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 49,875 shares of the computer hardware maker's stock after selling 1,925 shares during the quarter. NVIDIA accounts for approximately 1.1% of First National Bank & Trust Co. of Newtown's portfolio, making the stock its 16th largest holding. First National Bank & Trust Co. of Newtown's holdings in NVIDIA were worth $5,405,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of NVDA. Tacita Capital Inc purchased a new stake in NVIDIA during the fourth quarter valued at about $28,000. Vision Financial Markets LLC bought a new stake in shares of NVIDIA during the fourth quarter valued at about $38,000. Copia Wealth Management bought a new stake in shares of NVIDIA during the fourth quarter valued at about $50,000. LSV Asset Management bought a new stake in shares of NVIDIA during the fourth quarter valued at about $54,000. Finally, Barnes Dennig Private Wealth Management LLC bought a new stake in shares of NVIDIA during the first quarter valued at about $51,000. 65.27% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at NVIDIA

In other news, CFO Colette Kress sold 27,640 shares of the stock in a transaction on Monday, August 4th. The stock was sold at an average price of $178.06, for a total transaction of $4,921,578.40. Following the transaction, the chief financial officer owned 2,956,876 shares of the company's stock, valued at approximately $526,501,340.56. This represents a 0.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction on Monday, August 4th. The stock was sold at an average price of $178.16, for a total value of $13,362,000.00. Following the transaction, the chief executive officer directly owned 73,523,225 shares in the company, valued at $13,098,897,766. The trade was a 0.10% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,537,440 shares of company stock worth $835,035,782 in the last 90 days. 4.17% of the stock is currently owned by insiders.

NVIDIA Price Performance

Shares of NASDAQ NVDA traded up $3.38 during midday trading on Thursday, reaching $182.80. 33,038,817 shares of the stock traded hands, compared to its average volume of 245,303,141. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.39 and a quick ratio of 2.96. The stock has a market capitalization of $4.46 trillion, a PE ratio of 58.94, a P/E/G ratio of 1.57 and a beta of 2.14. NVIDIA Corporation has a one year low of $86.62 and a one year high of $183.75. The company's 50 day moving average is $158.02 and its 200 day moving average is $133.22.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.06). NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The company had revenue of $44.06 billion for the quarter, compared to analysts' expectations of $43.09 billion. During the same quarter in the previous year, the company posted $0.61 EPS. The business's quarterly revenue was up 69.2% on a year-over-year basis. On average, equities research analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

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

Wall Street Analysts Forecast Growth

NVDA has been the topic of several analyst reports. Barclays upped their price target on NVIDIA from $170.00 to $200.00 and gave the company an "overweight" rating in a research report on Tuesday, June 17th. Raymond James Financial upped their price target on NVIDIA from $150.00 to $165.00 and gave the company a "strong-buy" rating in a research report on Thursday, May 29th. Jefferies Financial Group upped their price objective on shares of NVIDIA from $185.00 to $200.00 in a research report on Wednesday, July 16th. Morgan Stanley upped their price objective on shares of NVIDIA from $170.00 to $200.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 30th. Finally, The Goldman Sachs Group assumed coverage on shares of NVIDIA in a research report on Thursday, July 10th. They issued a "buy" rating and a $185.00 price objective on the stock. One research analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-two have issued a buy rating and four have issued a strong buy rating to the company. According to MarketBeat.com, NVIDIA has an average rating of "Moderate Buy" and an average target price of $183.75.

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.