First PREMIER Bank Acquires 3,340 Shares of NVIDIA Corporation $NVDA

Key Points

• First PREMIER Bank has increased its holdings in NVIDIA Corporation by 27.6%, acquiring an additional 3,340 shares during the second quarter, bringing its total to 15,431 shares valued at approximately $2.44 million.
• Several institutional investors have also boosted their positions in NVIDIA, collectively owning approximately 65.27% of the company’s stock, with notable increases from firms like Astoria Portfolio Advisors and GSB Wealth Management.
• Wall Street analysts generally have a positive outlook on NVIDIA, with a consensus target price of $209.82 and several firms issuing "buy" ratings, indicating strong projected growth prospects for the company.

First PREMIER Bank raised its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 27.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,431 shares of the computer hardware maker's stock after acquiring an additional 3,340 shares during the quarter. First PREMIER Bank's holdings in NVIDIA were worth $2,438,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Astoria Portfolio Advisors LLC. grew its position in shares of NVIDIA by 0.9% during the first 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 in the last quarter. Centerpoint Advisory Group grew its position in NVIDIA by 2.5% in the first 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 in the last quarter. GSB Wealth Management LLC grew its position in NVIDIA by 3.3% in the first 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 in the last quarter. Variant Private Wealth LLC grew its position in NVIDIA by 20.6% in the first 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 in the last quarter. Finally, Financial Perspectives Inc grew its position in NVIDIA by 2.8% in the first 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 in the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.

Wall Street Analysts Forecast Growth

NVDA has been the subject of several recent research reports. Rosenblatt Securities reiterated a "buy" rating and issued a $215.00 price target on shares of NVIDIA in a research report on Tuesday, September 23rd. Wolfe Research boosted their target price on NVIDIA from $220.00 to $230.00 in a research report on Tuesday, September 23rd. Daiwa Capital Markets boosted their target price on NVIDIA from $165.00 to $205.00 and gave the company an "outperform" rating in a research report on Wednesday, September 17th. Stifel Nicolaus boosted their target price on NVIDIA from $202.00 to $212.00 and gave the company a "buy" rating in a research report on Monday, August 25th. Finally, Sanford C. Bernstein restated a "buy" rating on shares of NVIDIA in a research report on Tuesday, September 23rd. Four investment analysts have rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $209.82.

NVIDIA Stock Performance

NVIDIA stock opened at $178.19 on Monday. The company has a 50 day moving average price of $176.60 and a 200-day moving average price of $146.20. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.60 and a current ratio of 4.21. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $184.55. The company has a market capitalization of $4.33 trillion, a PE ratio of 50.77, a P/E/G ratio of 1.29 and a beta of 2.10.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings results 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. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The firm had revenue of $46.74 billion during the quarter, compared to the consensus estimate of $45.65 billion. During the same quarter in the previous year, the firm posted $0.68 earnings per share. The company's revenue was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. As a group, equities analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Thursday, September 11th will be paid a $0.01 dividend. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. NVIDIA's payout ratio is 1.14%.

Insider Buying and Selling

In other news, Director Mark A. Stevens sold 350,000 shares of the stock in a transaction on Friday, September 19th. The stock was sold at an average price of $176.39, for a total transaction of $61,736,500.00. Following the completion of the sale, the director owned 7,399,803 shares in the company, valued at approximately $1,305,251,251.17. This represents a 4.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Harvey C. Jones sold 250,000 shares of the business's stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $176.21, for a total transaction of $44,052,500.00. Following the sale, the director directly owned 7,183,280 shares in the company, valued at $1,265,765,768.80. This trade represents a 3.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 4,050,558 shares of company stock valued at $701,164,609 over the last 90 days. Corporate insiders own 4.17% of the company's stock.

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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