Security National Bank Has $52.18 Million Stock Holdings in NVIDIA Corporation (NASDAQ:NVDA)

Security National Bank trimmed its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 1.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 481,477 shares of the computer hardware maker's stock after selling 7,589 shares during the quarter. NVIDIA comprises 9.9% of Security National Bank's portfolio, making the stock its 2nd biggest holding. Security National Bank's holdings in NVIDIA were worth $52,182,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Tacita Capital Inc acquired a new stake in NVIDIA in the 4th quarter worth approximately $28,000. Vision Financial Markets LLC acquired a new stake in shares of NVIDIA in the fourth quarter valued at about $38,000. Copia Wealth Management acquired a new stake in shares of NVIDIA in the fourth quarter valued at about $50,000. Bruce G. Allen Investments LLC grew its position in shares of NVIDIA by 198.2% in the first quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock valued at $53,000 after purchasing an additional 327 shares during the last quarter. Finally, LSV Asset Management acquired a new stake in shares of NVIDIA in the fourth quarter valued at about $54,000. 65.27% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on NVDA shares. Loop Capital raised their price target on NVIDIA from $175.00 to $250.00 and gave the company a "buy" rating in a research report on Wednesday, June 25th. Oppenheimer raised their price target on NVIDIA from $175.00 to $200.00 and gave the company an "outperform" rating in a research report on Tuesday. Hsbc Global Res downgraded NVIDIA from a "strong-buy" rating to a "hold" rating in a research report on Thursday, April 3rd. Barclays raised their price target on NVIDIA from $170.00 to $200.00 and gave the company an "overweight" rating in a research report on Tuesday, June 17th. Finally, William Blair reaffirmed an "outperform" rating on shares of NVIDIA in a research report on Thursday, March 20th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-three have assigned a buy rating and four have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $181.22.

NVIDIA Price Performance

NVDA traded down $0.59 during midday trading on Friday, reaching $172.41. 145,724,125 shares of the company's stock were exchanged, compared to its average volume of 264,006,945. NVIDIA Corporation has a one year low of $86.62 and a one year high of $174.16. The business has a 50-day simple moving average of $145.88 and a two-hundred day simple moving average of $129.63. 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 firm has a market capitalization of $4.21 trillion, a price-to-earnings ratio of 55.62, a price-to-earnings-growth ratio of 1.51 and a beta of 2.13.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The firm had revenue of $44.06 billion during the quarter, compared to the consensus estimate of $43.09 billion. During the same quarter last year, the firm posted $0.61 EPS. The business's revenue was up 69.2% on a year-over-year basis. As a group, research analysts predict that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 0.02%. The ex-dividend date of this dividend was Wednesday, June 11th. NVIDIA's dividend payout ratio is currently 1.29%.

Insider Activity at NVIDIA

In other NVIDIA news, Director A Brooke Seawell sold 48,792 shares of NVIDIA stock in a transaction on Monday, July 14th. The shares were sold at an average price of $163.96, for a total transaction of $7,999,936.32. Following the completion of the sale, the director owned 1,729,478 shares of the company's stock, valued at approximately $283,565,212.88. The trade was a 2.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction on Monday, July 14th. The stock was sold at an average price of $164.36, for a total transaction of $12,327,000.00. Following the sale, the chief executive officer directly owned 74,648,225 shares of the company's stock, valued at $12,269,182,261. This represents a 0.10% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,814,800 shares of company stock valued at $709,172,753 over the last quarter. 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.