Peoples Bank OH Buys 5,093 Shares of NVIDIA Corporation $NVDA

Key Points

• Peoples Bank OH increased its stake in NVIDIA Corporation by 55.9%, acquiring an additional 5,093 shares, bringing its total to 14,205 shares valued at approximately $2.24 million.
• Other significant investors, including Kingstone Capital Partners and Goldman Sachs, made notable increases to their NVIDIA holdings, indicating strong institutional interest with 65.27% of the stock owned by institutions.
• NVIDIA's recent quarterly earnings surpassed expectations, reporting $46.74 billion in revenue and $1.05 EPS, showcasing a substantial year-over-year revenue increase of 55.6%.

Peoples Bank OH lifted its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 55.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,205 shares of the computer hardware maker's stock after acquiring an additional 5,093 shares during the period. NVIDIA makes up about 1.4% of Peoples Bank OH's holdings, making the stock its 20th largest holding. Peoples Bank OH's holdings in NVIDIA were worth $2,244,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Kingstone Capital Partners Texas LLC boosted its stake in NVIDIA by 267,959.7% during the second quarter. Kingstone Capital Partners Texas LLC now owns 382,373,765 shares of the computer hardware maker's stock valued at $64,976,521,000 after buying an additional 382,231,120 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in NVIDIA by 2.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 206,794,926 shares of the computer hardware maker's stock worth $22,412,434,000 after purchasing an additional 5,896,735 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in NVIDIA by 123.5% during the first quarter. Goldman Sachs Group Inc. now owns 187,995,213 shares of the computer hardware maker's stock worth $20,374,921,000 after purchasing an additional 103,889,872 shares during the last quarter. Nuveen LLC bought a new stake in NVIDIA during the first quarter worth about $15,089,414,000. Finally, Amundi lifted its stake in NVIDIA by 16.0% during the first quarter. Amundi now owns 135,770,043 shares of the computer hardware maker's stock worth $13,826,199,000 after purchasing an additional 18,733,431 shares during the last quarter. 65.27% of the stock is owned by institutional investors.

NVIDIA Stock Down 0.8%

Shares of NASDAQ:NVDA opened at $181.16 on Wednesday. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $195.62. The company has a market cap of $4.40 trillion, a PE ratio of 51.61, a P/E/G ratio of 1.32 and a beta of 2.12. 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 stock's 50-day moving average is $179.37 and its 200 day moving average is $154.43.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.01 by $0.04. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The company had revenue of $46.74 billion for the quarter, compared to the consensus estimate of $45.65 billion. During the same quarter in the previous year, the business earned $0.68 EPS. NVIDIA's revenue was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. Sell-side analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

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

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Hsbc Global Res raised NVIDIA from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, October 15th. DA Davidson raised NVIDIA from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $195.00 to $210.00 in a research note on Thursday, September 11th. Evercore ISI lifted their price target on NVIDIA from $214.00 to $225.00 and gave the stock an "outperform" rating in a research note on Tuesday, September 23rd. Benchmark lifted their price objective on NVIDIA from $190.00 to $220.00 and gave the stock a "buy" rating in a report on Thursday, August 28th. Finally, KeyCorp reiterated an "overweight" rating and issued a $250.00 price objective (up previously from $230.00) on shares of NVIDIA in a report on Tuesday, September 30th. Five research analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $222.23.

Insider Activity at NVIDIA

In related news, Director Mark A. Stevens sold 350,000 shares of the business's stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $176.39, for a total transaction of $61,736,500.00. Following the transaction, the director owned 7,399,803 shares in the company, valued at $1,305,251,251.17. The trade was a 4.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Harvey C. Jones sold 250,000 shares of the business's stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $176.21, for a total value of $44,052,500.00. Following the transaction, the director owned 7,183,280 shares in the company, valued at approximately $1,265,765,768.80. This represents a 3.36% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,753,937 shares of company stock worth $669,548,776 in the last 90 days. Company 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.

Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Corporation (NASDAQ:NVDA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.