Heartland Bank & Trust Co Increases Stock Holdings in NVIDIA Corporation (NASDAQ:NVDA)

Heartland Bank & Trust Co lifted its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 9.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 74,826 shares of the computer hardware maker's stock after buying an additional 6,572 shares during the quarter. NVIDIA makes up approximately 4.2% of Heartland Bank & Trust Co's portfolio, making the stock its 4th biggest holding. Heartland Bank & Trust Co's holdings in NVIDIA were worth $8,110,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of NVDA. Cyr Financial Inc. raised its stake in NVIDIA by 3.1% in the first quarter. Cyr Financial Inc. now owns 6,094 shares of the computer hardware maker's stock valued at $660,000 after purchasing an additional 186 shares in the last quarter. Chico Wealth RIA raised its stake in NVIDIA by 22.9% in the first quarter. Chico Wealth RIA now owns 2,183 shares of the computer hardware maker's stock valued at $237,000 after purchasing an additional 407 shares in the last quarter. Merkkuri Wealth Advisors LLC raised its stake in NVIDIA by 63.1% in the first quarter. Merkkuri Wealth Advisors LLC now owns 5,081 shares of the computer hardware maker's stock valued at $551,000 after purchasing an additional 1,965 shares in the last quarter. MPS Loria Financial Planners LLC raised its stake in shares of NVIDIA by 1.2% during the first quarter. MPS Loria Financial Planners LLC now owns 14,036 shares of the computer hardware maker's stock worth $1,521,000 after acquiring an additional 165 shares in the last quarter. Finally, Matrix Asset Advisors Inc. NY raised its stake in shares of NVIDIA by 24.3% during the first quarter. Matrix Asset Advisors Inc. NY now owns 10,896 shares of the computer hardware maker's stock worth $1,181,000 after acquiring an additional 2,129 shares in the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

NVIDIA Trading Up 0.5%

NVDA stock traded up $0.82 during midday trading on Friday, reaching $164.92. 193,205,730 shares of the company's stock traded hands, compared to its average volume of 265,988,678. The company has a market capitalization of $4.02 trillion, a P/E ratio of 53.20, a PEG ratio of 1.45 and a beta of 2.13. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.39 and a quick ratio of 2.96. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $167.89. The business has a 50-day moving average price of $141.53 and a two-hundred day moving average price of $128.77.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS 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 firm had revenue of $44.06 billion for the quarter, compared to analyst estimates of $43.09 billion. During the same period in the previous year, the firm posted $0.61 earnings per share. The company's revenue for the quarter was up 69.2% on a year-over-year basis. Equities research analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.02%. The ex-dividend date of this dividend was Wednesday, June 11th. NVIDIA's payout ratio is currently 1.29%.

Analyst Upgrades and Downgrades

Several research analysts have commented on NVDA shares. HSBC downgraded shares of NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 price target on the stock. in a research note on Thursday, April 3rd. Arete Research raised shares of NVIDIA to a "strong-buy" rating in a research note on Wednesday, May 21st. Needham & Company LLC restated a "buy" rating and issued a $160.00 target price on shares of NVIDIA in a report on Thursday, May 29th. Barclays raised their target price on shares of NVIDIA from $170.00 to $200.00 and gave the stock an "overweight" rating in a report on Tuesday, June 17th. Finally, Seaport Res Ptn upgraded shares of NVIDIA to a "strong sell" rating in a report on Wednesday, April 30th. One analyst has rated the stock with a sell rating, four have given a hold rating, thirty-four have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $177.03.

Insider Transactions at NVIDIA

In other news, Director A Brooke Seawell sold 49,131 shares of the stock in a transaction that occurred on Thursday, July 10th. The shares were sold at an average price of $162.83, for a total value of $8,000,000.73. Following the completion of the sale, the director directly owned 1,826,382 shares of the company's stock, valued at $297,389,781.06. This represents a 2.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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 that occurred on Wednesday, July 9th. The shares were sold at an average price of $163.11, for a total value of $12,233,250.00. Following the transaction, the chief executive officer owned 74,873,225 shares in the company, valued at approximately $12,212,571,729.75. This trade represents a 0.10% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,520,246 shares of company stock valued at $660,253,045 over the last three months. 4.17% of the stock is owned by corporate insiders.

NVIDIA Company 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.