First National Trust Co Sells 60,201 Shares of NVIDIA Corporation $NVDA

Key Points

• First National Trust Co sold 60,201 shares of NVIDIA Corporation, reducing its stake by 9.5%, leaving them with approximately $62.49 million worth of shares.
• A number of analysts recently upgraded NVIDIA’s stock price targets, with Bank of America raising it to $235.00 and a consensus rating of "Moderate Buy."
• NVIDIA's CEO, Jen Hsun Huang, sold 75,000 shares for about $13.48 million, indicating a slight decrease in his ownership position.

First National Trust Co reduced its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 9.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 576,581 shares of the computer hardware maker's stock after selling 60,201 shares during the period. NVIDIA comprises about 2.5% of First National Trust Co's holdings, making the stock its 7th largest position. First National Trust Co's holdings in NVIDIA were worth $62,490,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Kathleen S. Wright Associates Inc. increased its holdings in shares of NVIDIA by 169.3% during the 1st 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 acquired a new position in shares of NVIDIA during the 4th quarter valued at about $50,000. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of NVIDIA during the 1st quarter valued at about $51,000. Bruce G. Allen Investments LLC increased its holdings in shares of NVIDIA by 198.2% during the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock valued at $53,000 after acquiring an additional 327 shares during the last quarter. Finally, LSV Asset Management acquired a new position in shares of NVIDIA during the 4th quarter valued at about $54,000. 65.27% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on NVDA shares. Benchmark increased their price objective on NVIDIA from $190.00 to $220.00 and gave the company a "buy" rating in a report on Thursday. Robert W. Baird increased their price objective on NVIDIA from $195.00 to $225.00 and gave the company an "outperform" rating in a report on Monday, August 25th. Evercore ISI increased their price objective on NVIDIA from $190.00 to $214.00 and gave the company an "outperform" rating in a report on Friday, August 22nd. Wedbush reaffirmed an "outperform" rating and issued a $210.00 target price on shares of NVIDIA in a report on Thursday. Finally, Bank of America raised their target price on NVIDIA from $220.00 to $235.00 and gave the company a "buy" rating in a report on Thursday. Four analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $207.69.

Insiders Place Their Bets

In other news, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction on Friday, August 15th. The stock was sold at an average price of $179.76, for a total value of $13,482,000.00. Following the completion of the sale, the chief executive officer directly owned 72,848,225 shares of the company's stock, valued at approximately $13,095,196,926. This trade represents a 0.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Colette Kress sold 27,640 shares of NVIDIA stock in a transaction on Monday, August 4th. The shares were sold at an average price of $178.06, for a total value of $4,921,578.40. Following the completion of the sale, the chief financial officer directly owned 2,956,876 shares of the company's stock, valued at $526,501,340.56. This trade represents a 0.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,862,440 shares of company stock valued at $896,145,782 over the last ninety days. Insiders own 4.17% of the company's stock.

NVIDIA Price Performance

NVIDIA stock opened at $174.18 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 2.96. The company has a market capitalization of $4.23 trillion, a PE ratio of 49.62, a price-to-earnings-growth ratio of 1.58 and a beta of 2.14. NVIDIA Corporation has a one year low of $86.62 and a one year high of $184.48. The business has a 50 day simple moving average of $170.83 and a 200 day simple moving average of $139.02.

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

NVIDIA Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Thursday, September 11th will be issued a dividend of $0.01 per share. 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 (DPR) is currently 1.14%.

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.

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