OLD National Bancorp IN Buys Shares of 128,655 NVIDIA Corporation $NVDA

Key Points

• OLD National Bancorp IN has acquired 128,655 shares of NVIDIA Corporation, worth approximately $20.3 million, during the second quarter, as reported in their latest 13F filing with the SEC.
• NVIDIA's CFO Colette Kress and CEO Jen Hsun Huang sold shares worth a combined total of approximately $18.5 million in recent transactions, reflecting a decrease in their ownership.
• NVIDIA reported a strong quarterly performance with an earnings per share (EPS) of $1.05, exceeding estimates, and a revenue of $46.74 billion, marking a 55.6% increase year-over-year.

OLD National Bancorp IN purchased a new position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 128,655 shares of the computer hardware maker's stock, valued at approximately $20,326,000.

A number of other large investors have also added to or reduced their stakes in NVDA. Olistico Wealth LLC boosted its position in NVIDIA by 2.7% during the 2nd quarter. Olistico Wealth LLC now owns 43,000 shares of the computer hardware maker's stock worth $6,794,000 after buying an additional 1,145 shares during the period. Carolina Wealth Advisors LLC raised its stake in shares of NVIDIA by 40.9% during the second quarter. Carolina Wealth Advisors LLC now owns 941 shares of the computer hardware maker's stock valued at $149,000 after acquiring an additional 273 shares during the last quarter. Sutton Place Investors LLC lifted its holdings in shares of NVIDIA by 12.3% during the second quarter. Sutton Place Investors LLC now owns 18,884 shares of the computer hardware maker's stock worth $2,983,000 after purchasing an additional 2,065 shares during the period. Wealthcare Capital Partners LLC grew its stake in shares of NVIDIA by 12.7% in the second quarter. Wealthcare Capital Partners LLC now owns 10,454 shares of the computer hardware maker's stock worth $1,652,000 after purchasing an additional 1,181 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC grew its stake in shares of NVIDIA by 4.3% in the second quarter. Wealthcare Advisory Partners LLC now owns 430,802 shares of the computer hardware maker's stock worth $68,062,000 after purchasing an additional 17,669 shares during the last quarter. Institutional investors own 65.27% of the company's stock.

Insider Transactions at NVIDIA

In other news, CFO Colette Kress sold 27,640 shares of the business's stock in a transaction that occurred on Tuesday, October 21st. The stock was sold at an average price of $181.42, for a total transaction of $5,014,448.80. Following the completion of the sale, the chief financial officer owned 2,855,762 shares in the company, valued at $518,092,342.04. The trade was a 0.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of the company's stock in a transaction that occurred on Wednesday, October 22nd. The stock was sold at an average price of $179.91, for a total value of $13,493,250.00. Following the transaction, the chief executive officer directly owned 69,958,203 shares in the company, valued at $12,586,180,301.73. The trade was a 0.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,801,577 shares of company stock valued at $678,643,875 over the last ninety days. 4.17% of the stock is currently owned by corporate insiders.

NVIDIA Stock Performance

Shares of NVDA stock opened at $182.16 on Friday. The firm has a 50 day moving average of $179.35 and a 200-day moving average of $155.20. The company has a market cap of $4.43 trillion, a price-to-earnings ratio of 51.90, a price-to-earnings-growth ratio of 1.30 and a beta of 2.12. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $195.62.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.01 by $0.04. The company had revenue of $46.74 billion for the quarter, compared to the consensus estimate 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 quarter in the previous year, the company earned $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. On average, equities analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th were paid a $0.01 dividend. The ex-dividend date was Thursday, September 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. NVIDIA's dividend payout ratio (DPR) is currently 1.14%.

Analyst Ratings Changes

Several research analysts have commented on the company. Oppenheimer reaffirmed an "outperform" rating and set a $225.00 target price (up from $200.00) on shares of NVIDIA in a report on Thursday, August 28th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $215.00 price objective on shares of NVIDIA in a research note on Tuesday, September 23rd. JPMorgan Chase & Co. reiterated a "buy" rating and issued a $215.00 target price on shares of NVIDIA in a report on Friday, September 19th. Wolfe Research raised their price target on shares of NVIDIA from $220.00 to $230.00 in a report on Tuesday, September 23rd. Finally, Evercore ISI upped their price objective on shares of NVIDIA from $214.00 to $225.00 and gave the company an "outperform" rating in a research note on Tuesday, September 23rd. Five analysts have rated the stock with a Strong Buy rating, forty have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, NVIDIA currently has a consensus rating of "Buy" and a consensus target price of $222.23.

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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