NVIDIA Corporation $NVDA Shares Acquired by First Citizens Financial Corp

Key Points

• First Citizens Financial Corp increased its stake in NVIDIA Corporation by 23.6% in the second quarter, owning a total of 8,744 shares valued at $1,381,000.
• NVIDIA's recent quarterly earnings showed a profit of $1.05 per share, exceeding analyst estimates with revenue of $46.74 billion, marking a 55.6% increase from the previous year.
• The company announced a quarterly dividend of $0.01 per share, set to be paid on October 2nd, with a low yield of 0.0% and a payout ratio of 1.14%.

First Citizens Financial Corp raised its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 23.6% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,744 shares of the computer hardware maker's stock after acquiring an additional 1,672 shares during the period. First Citizens Financial Corp's holdings in NVIDIA were worth $1,381,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently modified their holdings of NVDA. Modus Advisors LLC raised its holdings in shares of NVIDIA by 1.5% in the 2nd quarter. Modus Advisors LLC now owns 59,472 shares of the computer hardware maker's stock valued at $9,396,000 after purchasing an additional 901 shares in the last quarter. Insight Wealth Strategies LLC increased its holdings in shares of NVIDIA by 2.4% during the second quarter. Insight Wealth Strategies LLC now owns 34,539 shares of the computer hardware maker's stock valued at $5,295,000 after acquiring an additional 811 shares in the last quarter. Retirement Wealth Solutions LLC grew its holdings in shares of NVIDIA by 2.0% during the second quarter. Retirement Wealth Solutions LLC now owns 4,172 shares of the computer hardware maker's stock valued at $659,000 after buying an additional 81 shares during the last quarter. Dominguez Wealth Management Solutions Inc. increased its holdings in shares of NVIDIA by 7.4% in the second quarter. Dominguez Wealth Management Solutions Inc. now owns 10,102 shares of the computer hardware maker's stock valued at $1,596,000 after purchasing an additional 695 shares during the period. Finally, LBJ Family Wealth Advisors Ltd. purchased a new position in shares of NVIDIA in the second quarter worth about $251,000. Hedge funds and other institutional investors own 65.27% of the company's stock.

Insider Transactions at NVIDIA

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction on Friday, June 27th. The shares were sold at an average price of $157.02, for a total value of $11,776,500.00. Following the transaction, the chief executive officer directly owned 75,398,225 shares in the company, valued at approximately $11,839,029,289.50. The trade was a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Ajay K. Puri sold 168,195 shares of the stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $152.64, for a total transaction of $25,673,284.80. Following the sale, the executive vice president owned 4,018,547 shares of the company's stock, valued at $613,391,014.08. This trade represents a 4.02% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,020,022 shares of company stock worth $677,418,500. Insiders own 4.17% of the company's stock.

NVIDIA Stock Up 0.2%

Shares of NASDAQ:NVDA traded up $0.43 during trading on Friday, hitting $176.67. 236,580,653 shares of the company were exchanged, compared to its average volume of 177,120,144. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 3.60. The firm's 50 day moving average price is $175.73 and its 200-day moving average price is $143.62. The stock has a market capitalization of $4.29 trillion, a P/E ratio of 50.33, a PEG ratio of 1.28 and a beta of 2.10. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $184.48.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, beating analysts' consensus estimates of $1.01 by $0.04. The firm had revenue of $46.74 billion during 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%. NVIDIA's quarterly revenue was up 55.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. On average, research analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

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

Analysts Set New Price Targets

NVDA has been the topic of several research reports. Wolfe Research increased their price target on shares of NVIDIA from $220.00 to $230.00 and gave the stock an "outperform" rating in a report on Thursday, August 28th. Mizuho raised their target price on shares of NVIDIA from $192.00 to $205.00 and gave the stock an "outperform" rating in a report on Thursday, August 14th. Daiwa Capital Markets increased their price target on NVIDIA from $165.00 to $205.00 and gave the stock an "outperform" rating in a research report on Wednesday. Summit Insights upgraded NVIDIA from a "hold" rating to a "buy" rating in a research note on Thursday, May 29th. Finally, Cantor Fitzgerald restated an "overweight" rating and issued a $240.00 target price on shares of NVIDIA in a research note on Thursday, August 28th. Four analysts have rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $208.47.

About NVIDIA

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.