NBH Bank Makes New Investment in NVIDIA Corporation $NVDA

Key Points

• NBH Bank purchased 44,191 NVIDIA shares worth approximately $8.84 million in the second quarter, making NVIDIA its fifth-largest holding and representing 3.7% of its portfolio.
• Analysts remain broadly bullish, with a consensus “Buy” rating and an average price target of $321.47; several firms recently raised targets as high as $345.
• NVIDIA reported quarterly earnings and revenue above expectations and authorized a $150 billion share-repurchase plan, although insiders have sold roughly $399.5 million of stock over the past three months.

NBH Bank purchased a new stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 44,191 shares of the computer hardware maker's stock, valued at approximately $8,842,000. NVIDIA accounts for approximately 3.7% of NBH Bank's portfolio, making the stock its 5th largest holding.

Several other hedge funds and other institutional investors also recently made changes to their positions in NVDA. Montgomery Financial Services LLC bought a new stake in NVIDIA during the 2nd quarter valued at approximately $28,000. Lifetime Wealth Management P.C. acquired a new stake in NVIDIA in the 4th quarter valued at approximately $26,000. Longview Financial Advisors Inc. bought a new position in NVIDIA in the 1st quarter worth approximately $27,000. Phillip James Consulting Co. bought a new position in NVIDIA in the 1st quarter worth approximately $40,000. Finally, Bard Associates Inc. increased its position in NVIDIA by 8,866.7% in the 2nd quarter. Bard Associates Inc. now owns 269 shares of the computer hardware maker's stock worth $54,000 after buying an additional 266 shares during the period. 65.27% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NVDA has been the subject of a number of research analyst reports. Stifel Nicolaus set a $315.00 price target on NVIDIA in a report on Thursday, August 27th. Weiss Ratings upgraded shares of NVIDIA from a "buy (b)" rating to a "buy (b+)" rating in a research note on Friday. Citigroup reissued a "buy" rating and issued a $315.00 price target (up from $300.00) on shares of NVIDIA in a report on Thursday, August 27th. Benchmark reaffirmed a "buy" rating and set a $335.00 price objective on shares of NVIDIA in a research report on Thursday, August 27th. Finally, Wedbush upped their price objective on shares of NVIDIA from $330.00 to $345.00 and gave the company an "outperform" rating in a research report on Thursday, August 27th. Five research analysts have rated the stock with a Strong Buy rating, fifty have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, NVIDIA currently has a consensus rating of "Buy" and a consensus target price of $321.47.

Insider Transactions at NVIDIA

In other NVIDIA news, EVP Timothy S. Teter sold 30,460 shares of the stock in a transaction on Monday, September 21st. The stock was sold at an average price of $222.80, for a total value of $6,786,488.00. Following the transaction, the executive vice president directly owned 2,687,660 shares in the company, valued at approximately $598,810,648. This trade represents a 1.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mark A. Stevens sold 622,239 shares of NVIDIA stock in a transaction on Friday, September 4th. The shares were sold at an average price of $231.62, for a total value of $144,122,997.18. Following the completion of the sale, the director directly owned 2,336,531 shares of the company's stock, valued at $541,187,310.22. This trade represents a 21.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 1,766,118 shares of company stock worth $399,450,353. Corporate insiders own 3.94% of the company's stock.

NVIDIA Stock Performance

NASDAQ NVDA opened at $216.47 on Wednesday. NVIDIA Corporation has a twelve month low of $164.27 and a twelve month high of $243.37. The company has a quick ratio of 3.85, a current ratio of 4.59 and a debt-to-equity ratio of 0.14. The stock has a market cap of $5.22 trillion, a P/E ratio of 27.37, a PEG ratio of 1.67 and a beta of 2.22. The company's 50-day simple moving average is $223.17 and its 200 day simple moving average is $212.01.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings results on Wednesday, August 26th. The computer hardware maker reported $2.22 EPS for the quarter, topping analysts' consensus estimates of $2.09 by $0.13. The firm had revenue of $96.22 billion during the quarter, compared to analysts' expectations of $92.27 billion. NVIDIA had a net margin of 63.66% and a return on equity of 96.04%. The company's revenue for the quarter was up 105.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.05 earnings per share. As a group, research analysts forecast that NVIDIA Corporation will post 9.30 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Thursday, September 10th were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, September 10th. This represents a $1.00 dividend on an annualized basis and a yield of 0.5%. NVIDIA's payout ratio is currently 12.64%.

NVIDIA declared that its board has initiated a stock repurchase plan on Monday, September 28th that permits the company to buy back $150.00 billion in outstanding shares. This repurchase authorization permits the computer hardware maker to reacquire up to 2.8% of its shares through open market purchases. Stock repurchase plans are typically a sign that the company's leadership believes its stock is undervalued.

Trending Headlines about NVIDIA

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Reportedly, ByteDance, Alibaba and Tencent have placed more than $35 billion in NVIDIA chip orders. The agreement could reopen a significant Chinese market, although the arrangement reportedly includes the U.S. government receiving 15% of Chinese sales. NVIDIA China chip orders
• Positive Sentiment: OpenAI is reportedly raising approximately $30 billion, while NVIDIA has agreed to guarantee up to $105 billion of obligations tied to an Ohio data-center campus OpenAI will lease. The deal could support substantial future demand for NVIDIA systems, but also increases NVIDIA’s exposure to customer financing. OpenAI fundraising and NVIDIA
• Positive Sentiment: Anthropic is reportedly discussing an expansion that could take its Nscale commitment to roughly $90 billion, potentially benefiting NVIDIA as a leading supplier of AI infrastructure. Anthropic Nscale expansion
• Positive Sentiment: NVIDIA announced German partnerships, investments in AI startups and a broader European AI initiative approaching $10 billion, strengthening its position in sovereign and industrial AI. NVIDIA German AI investments
• Positive Sentiment: A record 104-qubit fault-tolerant quantum simulation on Europe’s JUPITER supercomputer demonstrated NVIDIA’s CUDA-Q, cuQuantum and accelerated-computing capabilities, expanding its longer-term technology opportunity beyond AI. NVIDIA quantum simulation
• Neutral Sentiment: Amazon is reportedly receiving billions of dollars of NVIDIA GB300 systems, but some racks are being stored because data centers lack sufficient power. This confirms demand while highlighting deployment bottlenecks. Amazon NVIDIA GPU systems
• Negative Sentiment: Google’s open-source TorchTPU and Amazon’s TorchNeuron initiatives are designed to make competing AI chips easier to use, threatening NVIDIA’s CUDA software moat and long-term pricing power. Google and Amazon challenge NVIDIA CUDA
• Negative Sentiment: Investors remain concerned that heavily indebted neocloud customers, including CoreWeave, may struggle with higher borrowing costs. NVIDIA’s guarantees and investment relationships increase fears that AI infrastructure spending could involve circular or financially fragile demand. Why NVIDIA needs CoreWeave
• Negative Sentiment: Broad semiconductor selling, fading momentum in the AI trade and hedge-fund technology reductions are weighing on NVDA’s near-term performance despite continued strong chip demand. Chip stocks decline

NVIDIA Profile

NVIDIA Corporation NASDAQ: NVDA is a technology company that designs graphics processing units (GPUs), accelerated computing platforms, networking products and related software. Its technologies support artificial intelligence, machine learning, scientific computing, data analytics, professional visualization and computer graphics.

The company's products include GeForce GPUs for gaming and personal computing, data center GPUs and systems for AI and high-performance computing, and networking solutions used to connect and manage large-scale computing infrastructure.

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