NVIDIA Corporation $NVDA Shares Purchased by American National Bank & Trust

Key Points

• American National Bank & Trust increased its holdings in NVIDIA by 10.6% in Q2, owning 70,597 shares worth $11.15 million.
• Several analysts have recently raised their price targets for NVIDIA, with key firms setting targets between $225.00 and $250.00, reflecting a positive outlook on the stock.
• NVIDIA reported strong quarterly earnings, posting an EPS of $1.05, which beat the consensus estimate, and experienced a 55.6% year-over-year revenue increase.

American National Bank & Trust lifted its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 10.6% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 70,597 shares of the computer hardware maker's stock after purchasing an additional 6,739 shares during the period. NVIDIA makes up 1.1% of American National Bank & Trust's holdings, making the stock its 28th biggest holding. American National Bank & Trust's holdings in NVIDIA were worth $11,154,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Astoria Portfolio Advisors LLC. grew its holdings in shares of NVIDIA by 0.9% in the first quarter. Astoria Portfolio Advisors LLC. now owns 93,568 shares of the computer hardware maker's stock valued at $9,610,000 after purchasing an additional 864 shares in the last quarter. Centerpoint Advisory Group grew its holdings in shares of NVIDIA by 2.5% in the first quarter. Centerpoint Advisory Group now owns 39,398 shares of the computer hardware maker's stock valued at $4,270,000 after purchasing an additional 943 shares in the last quarter. GSB Wealth Management LLC grew its holdings in shares of NVIDIA by 3.3% in the first quarter. GSB Wealth Management LLC now owns 32,611 shares of the computer hardware maker's stock valued at $3,534,000 after purchasing an additional 1,043 shares in the last quarter. Variant Private Wealth LLC grew its holdings in shares of NVIDIA by 20.6% in the first quarter. Variant Private Wealth LLC now owns 18,800 shares of the computer hardware maker's stock valued at $2,038,000 after purchasing an additional 3,206 shares in the last quarter. Finally, Financial Perspectives Inc grew its holdings in shares of NVIDIA by 2.8% in the first quarter. Financial Perspectives Inc now owns 45,958 shares of the computer hardware maker's stock valued at $4,981,000 after purchasing an additional 1,265 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

Analysts Set New Price Targets

NVDA has been the subject of several analyst reports. UBS Group reiterated a "buy" rating on shares of NVIDIA in a report on Tuesday, September 23rd. Wolfe Research boosted their price target on shares of NVIDIA from $220.00 to $230.00 in a report on Tuesday, September 23rd. KeyCorp reiterated an "overweight" rating and set a $250.00 price target (up previously from $230.00) on shares of NVIDIA in a report on Tuesday, September 30th. Robert W. Baird boosted their price target on shares of NVIDIA from $195.00 to $225.00 and gave the stock an "outperform" rating in a report on Monday, August 25th. Finally, Oppenheimer reiterated an "outperform" rating and set a $225.00 price target (up previously from $200.00) on shares of NVIDIA in a report on Thursday, August 28th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $211.26.

NVIDIA Trading Down 0.3%

Shares of NVIDIA stock opened at $185.04 on Wednesday. The company has a fifty day simple moving average of $178.48 and a 200-day simple moving average of $149.30. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $191.05. The company has a current ratio of 4.21, a quick ratio of 3.60 and a debt-to-equity ratio of 0.08. The stock has a market cap of $4.50 trillion, a price-to-earnings ratio of 52.72, a PEG ratio of 1.34 and a beta of 2.12.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly 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 net margin of 52.41% and a return on equity of 101.74%. The firm had revenue of $46.74 billion during the quarter, compared to the consensus estimate of $45.65 billion. During the same quarter in the prior year, the firm earned $0.68 EPS. NVIDIA's revenue for the quarter was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. On average, equities analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Thursday, September 11th were given a $0.01 dividend. The ex-dividend date was Thursday, September 11th. This represents a $0.04 annualized dividend and a yield of 0.0%. NVIDIA's dividend payout ratio is 1.14%.

Insider Buying and Selling at NVIDIA

In related news, CFO Colette Kress sold 30,500 shares of the company's stock in a transaction on Friday, September 19th. The shares were sold at an average price of $176.40, for a total value of $5,380,200.00. Following the completion of the sale, the chief financial officer owned 2,883,402 shares in the company, valued at $508,632,112.80. This represents a 1.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of the company's stock in a transaction on Monday, October 6th. The shares were sold at an average price of $185.79, for a total transaction of $13,934,250.00. Following the completion of the sale, the chief executive officer owned 70,858,203 shares of the company's stock, valued at approximately $13,164,745,535.37. This trade represents a 0.11% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,947,622 shares of company stock valued at $694,333,235. 4.17% of the stock is owned by insiders.

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.

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