NVIDIA Corporation (NASDAQ:NVDA) Shares Purchased by Farmers & Merchants Trust Co of Chambersburg PA

Farmers & Merchants Trust Co of Chambersburg PA lifted its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 6.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 51,418 shares of the computer hardware maker's stock after purchasing an additional 2,935 shares during the quarter. NVIDIA comprises 2.0% of Farmers & Merchants Trust Co of Chambersburg PA's holdings, making the stock its 13th biggest position. Farmers & Merchants Trust Co of Chambersburg PA's holdings in NVIDIA were worth $5,573,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of NVDA. Tacita Capital Inc bought a new stake in NVIDIA in the 4th quarter valued at $28,000. Vision Financial Markets LLC bought a new stake in NVIDIA in the 4th quarter valued at $38,000. Copia Wealth Management bought a new stake in NVIDIA in the 4th quarter valued at $50,000. LSV Asset Management bought a new stake in NVIDIA in the 4th quarter valued at $54,000. Finally, Bruce G. Allen Investments LLC raised its stake in NVIDIA by 198.2% in 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 period. 65.27% of the stock is currently owned by institutional investors and hedge funds.

NVIDIA Stock Down 0.1%

Shares of NVIDIA stock traded down $0.24 during trading on Friday, reaching $173.50. The company's stock had a trading volume of 121,814,931 shares, compared to its average volume of 162,110,176. The company has a quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10. The company has a market cap of $4.23 trillion, a price-to-earnings ratio of 55.97, a P/E/G ratio of 1.53 and a beta of 2.13. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $174.72. The company has a 50-day simple moving average of $150.95 and a two-hundred day simple moving average of $130.86.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.06). The firm had revenue of $44.06 billion for the quarter, compared to analysts' expectations of $43.09 billion. NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. NVIDIA's quarterly revenue was up 69.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.61 earnings per share. 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 declared a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.02%. The ex-dividend date was Wednesday, June 11th. NVIDIA's dividend payout ratio is presently 1.29%.

Insider Buying and Selling at NVIDIA

In related news, CFO Colette Kress sold 27,650 shares of the firm's stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $170.89, for a total transaction of $4,725,108.50. Following the transaction, the chief financial officer owned 2,984,516 shares of the company's stock, valued at $510,023,939.24. This trade represents a 0.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Jen Hsun Huang sold 75,000 shares of the firm's stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $169.54, for a total value of $12,715,500.00. Following the transaction, the chief executive officer directly owned 74,123,225 shares in the company, valued at approximately $12,566,851,566.50. This represents a 0.10% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,114,800 shares of company stock worth $760,553,003 over the last ninety days. Corporate insiders own 4.17% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Mizuho set a $192.00 price objective on NVIDIA and gave the stock an "outperform" rating in a research report on Tuesday, July 15th. Rosenblatt Securities raised their price objective on NVIDIA from $178.00 to $200.00 and gave the company a "buy" rating in a research note on Thursday, May 29th. UBS Group reaffirmed a "buy" rating on shares of NVIDIA in a research note on Friday, May 23rd. The Goldman Sachs Group began coverage on NVIDIA in a research note on Thursday, July 10th. They set a "buy" rating and a $185.00 price target on the stock. Finally, Phillip Securities raised NVIDIA from a "moderate buy" rating to a "strong-buy" rating in a research note on Monday, July 14th. One research analyst has rated the stock with a sell rating, four have given a hold rating, thirty-three have issued a buy rating and four have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $181.22.

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.