NVIDIA Corporation $NVDA Shares Acquired by Grove Bank & Trust

Key Points

• Grove Bank & Trust increased its stake in NVIDIA Corporation by 2.0%, now owning 95,960 shares valued at approximately $15.16 million, making NVIDIA its 9th largest holding.
• Directors of NVIDIA, Persis Drell and Harvey C. Jones, have recently sold significant amounts of shares, reducing their ownership by 22.38% and 3.36%, respectively.
• NVIDIA reported earnings per share of $1.05 for the last quarter, exceeding analysts' expectations and marking a 55.6% increase in revenue year-over-year.

Grove Bank & Trust raised its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 2.0% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 95,960 shares of the computer hardware maker's stock after purchasing an additional 1,926 shares during the period. NVIDIA makes up approximately 1.9% of Grove Bank & Trust's portfolio, making the stock its 9th biggest holding. Grove Bank & Trust's holdings in NVIDIA were worth $15,161,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Kathleen S. Wright Associates Inc. lifted its position in shares of NVIDIA by 169.3% during the 1st quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock worth $44,000 after buying an additional 254 shares in the last quarter. Copia Wealth Management bought a new stake in shares of NVIDIA in the 4th quarter worth approximately $50,000. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of NVIDIA in the 1st quarter worth approximately $51,000. Bruce G. Allen Investments LLC grew 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 buying an additional 327 shares in the last quarter. Finally, Campbell Capital Management Inc. grew its stake in NVIDIA by 5,900.0% in the 1st quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker's stock valued at $65,000 after buying an additional 590 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

Insider Activity

In related news, Director Persis Drell sold 40,000 shares of the firm's stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $177.65, for a total value of $7,106,000.00. Following the sale, the director owned 138,740 shares in the company, valued at approximately $24,647,161. This trade represents a 22.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Harvey C. Jones sold 250,000 shares of the firm's stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $176.21, for a total transaction of $44,052,500.00. Following the completion of the sale, the director owned 7,183,280 shares in the company, valued at $1,265,765,768.80. This represents a 3.36% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,176,470 shares of company stock valued at $720,979,162. Company insiders own 4.17% of the company's stock.

NVIDIA Stock Performance

Shares of NASDAQ:NVDA opened at $178.19 on Friday. The company has a market cap of $4.33 trillion, a price-to-earnings ratio of 50.77, a price-to-earnings-growth ratio of 1.28 and a beta of 2.10. 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 Corporation has a 12 month low of $86.62 and a 12 month high of $184.55. The company has a 50-day moving average price of $176.60 and a 200-day moving average price of $145.78.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, topping analysts' consensus estimates of $1.01 by $0.04. The business had revenue of $46.74 billion for the quarter, compared to analysts' expectations of $45.65 billion. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The business's revenue was up 55.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. As a group, equities analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th will be issued a dividend of $0.01 per share. The ex-dividend date is Thursday, September 11th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. NVIDIA's dividend payout ratio is presently 1.14%.

Analyst Upgrades and Downgrades

NVDA has been the subject of a number of recent analyst reports. Craig Hallum boosted their price target on shares of NVIDIA from $195.00 to $245.00 and gave the company a "buy" rating in a research report on Thursday, August 28th. Truist Financial boosted their price target on shares of NVIDIA from $210.00 to $228.00 and gave the stock a "buy" rating in a research note on Thursday, August 28th. Wolfe Research boosted their price target on shares of NVIDIA from $220.00 to $230.00 in a research note on Tuesday. Evercore ISI boosted their price target on shares of NVIDIA from $214.00 to $225.00 and gave the stock an "outperform" rating in a research note on Tuesday. Finally, Oppenheimer reissued an "outperform" rating and issued a $225.00 price target (up from $200.00) on shares of NVIDIA in a research note on Thursday, August 28th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $209.82.

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.

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