NVIDIA Corporation $NVDA is Commerce Bank's 3rd Largest Position

Key Points

• Commerce Bank has reduced its stake in NVIDIA Corporation by 1.1%, now holding approximately 4,945,648 shares, making NVIDIA its 3rd largest position at about 3.4% of its investment portfolio.
• Several institutional investors, including FMR LLC and Northern Trust Corp, increased their holdings in NVIDIA during the last quarter, reflecting a growing interest as 65.27% of the stock is owned by institutional investors and hedge funds.
• NVIDIA recently reported earnings with an EPS of $1.05, exceeding analyst expectations, while also announcing a dividend of $0.01 per share scheduled for payment on October 2nd.

Commerce Bank lowered its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 1.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,945,648 shares of the computer hardware maker's stock after selling 53,624 shares during the quarter. NVIDIA makes up about 3.4% of Commerce Bank's investment portfolio, making the stock its 3rd largest holding. Commerce Bank's holdings in NVIDIA were worth $536,009,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the stock. FMR LLC raised its stake in shares of NVIDIA by 0.7% in the 4th quarter. FMR LLC now owns 1,004,376,608 shares of the computer hardware maker's stock valued at $134,877,735,000 after purchasing an additional 6,665,252 shares in the last quarter. Geode Capital Management LLC increased its holdings in NVIDIA by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 555,548,278 shares of the computer hardware maker's stock valued at $74,439,273,000 after buying an additional 9,468,786 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in NVIDIA by 0.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 411,328,951 shares of the computer hardware maker's stock valued at $55,237,367,000 after buying an additional 3,721,331 shares in the last quarter. Northern Trust Corp lifted its holdings in NVIDIA by 15.8% during the 4th quarter. Northern Trust Corp now owns 266,454,194 shares of the computer hardware maker's stock worth $35,782,134,000 after buying an additional 36,266,817 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of NVIDIA by 11.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 200,898,191 shares of the computer hardware maker's stock worth $26,978,618,000 after acquiring an additional 20,494,402 shares in the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently issued reports on NVDA. Truist Financial upped their price target on NVIDIA from $210.00 to $228.00 and gave the company a "buy" rating in a research report on Thursday. Loop Capital increased their target price on shares of NVIDIA from $175.00 to $250.00 and gave the stock a "buy" rating in a report on Wednesday, June 25th. JPMorgan Chase & Co. raised their price target on shares of NVIDIA from $170.00 to $215.00 and gave the stock an "overweight" rating in a research report on Thursday. Benchmark boosted their price objective on shares of NVIDIA from $190.00 to $220.00 and gave the company a "buy" rating in a research report on Thursday. Finally, Citigroup reiterated a "buy" rating and set a $210.00 price objective (up previously from $190.00) on shares of NVIDIA in a research note on Thursday. Four investment analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, NVIDIA presently has an average rating of "Moderate Buy" and a consensus price target of $207.69.

NVIDIA Stock Performance

Shares of NASDAQ NVDA opened at $174.18 on Monday. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $184.48. The company has a market cap of $4.23 trillion, a PE ratio of 49.62, a P/E/G ratio of 1.30 and a beta of 2.10. The stock has a 50 day simple moving average of $170.83 and a 200-day simple moving average of $139.10. The company has a current ratio of 4.21, a quick ratio of 3.60 and a debt-to-equity ratio of 0.08.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, beating the consensus estimate of $1.01 by $0.04. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The firm had revenue of $46.74 billion for the quarter, compared to analysts' expectations of $45.65 billion. During the same period last year, the firm earned $0.68 EPS. The firm's revenue was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. On average, equities research analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The business 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 dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date is Thursday, September 11th. NVIDIA's payout ratio is currently 1.14%.

Insider Activity

In related news, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $179.76, for a total value of $13,482,000.00. Following the completion of the transaction, the chief executive officer owned 72,848,225 shares in the company, valued at $13,095,196,926. This represents a 0.10% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Colette Kress sold 27,640 shares of the business's stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $178.06, for a total transaction of $4,921,578.40. Following the sale, the chief financial officer owned 2,956,876 shares in the company, valued at $526,501,340.56. This trade represents a 0.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,736,604 shares of company stock valued at $878,806,839 in the last ninety days. Corporate insiders own 4.17% of the company's stock.

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.

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