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Perkins Coie Trust Co Purchases 7,011 Shares of NVIDIA Corporation $NVDA

NVIDIA logo with Computer and Technology background

Key Points

  • Perkins Coie Trust Co increased its stake in NVIDIA Corporation by 14.1%, acquiring an additional 7,011 shares in the second quarter, bringing its total ownership to 56,630 shares valued at approximately $8.9 million.
  • NVIDIA reported earnings of $1.05 per share for the latest quarter, exceeding estimates, with revenue of $46.74 billion, representing a 55.6% year-over-year growth.
  • The company's latest quarterly dividend of $0.01 per share will be paid to shareholders of record on October 2nd, indicating a low annual yield of 0.0%.
  • Five stocks to consider instead of NVIDIA.

Perkins Coie Trust Co grew its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 14.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 56,630 shares of the computer hardware maker's stock after acquiring an additional 7,011 shares during the quarter. NVIDIA comprises approximately 1.5% of Perkins Coie Trust Co's investment portfolio, making the stock its 14th largest holding. Perkins Coie Trust Co's holdings in NVIDIA were worth $8,947,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of 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 valued at $44,000 after buying an additional 254 shares in the last quarter. Copia Wealth Management purchased a new position in shares of NVIDIA during the 4th quarter valued at approximately $50,000. Barnes Dennig Private Wealth Management LLC purchased a new position in shares of NVIDIA during the 1st quarter valued at approximately $51,000. Bruce G. Allen Investments LLC raised 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 purchasing an additional 327 shares during the last quarter. Finally, Campbell Capital Management Inc. lifted its holdings 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 purchasing an additional 590 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.

NVIDIA Price Performance

NVDA stock opened at $178.19 on Friday. The business has a 50 day moving average price of $176.60 and a 200 day moving average price of $145.78. The stock has a market cap of $4.33 trillion, a price-to-earnings ratio of 50.77, a PEG ratio of 1.28 and a beta of 2.10. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $184.55. 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 (NASDAQ:NVDA - Get Free Report) last posted its earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 101.74% and a net margin of 52.41%.The firm's revenue was up 55.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. Equities research analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

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

Insider Buying and Selling

In other NVIDIA news, CFO Colette Kress sold 30,500 shares of the business's stock in a transaction that occurred on Friday, September 19th. The stock was 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 approximately $508,632,112.80. The trade was a 1.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Harvey C. Jones sold 250,000 shares of the business's stock in a transaction that occurred on 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 completion of the transaction, the director directly owned 7,183,280 shares in the company, valued at approximately $1,265,765,768.80. The trade was a 3.36% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 4,176,470 shares of company stock valued at $720,979,162 in the last 90 days. Company insiders own 4.17% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on NVDA shares. Wall Street Zen upgraded NVIDIA from a "hold" rating to a "buy" rating in a report on Friday, September 5th. Piper Sandler set a $225.00 target price on NVIDIA and gave the stock an "overweight" rating in a research note on Wednesday, August 13th. Wedbush reaffirmed an "outperform" rating and issued a $210.00 target price on shares of NVIDIA in a research note on Thursday, August 28th. JPMorgan Chase & Co. reaffirmed a "buy" rating and issued a $215.00 target price on shares of NVIDIA in a research note on Friday, September 19th. Finally, UBS Group reaffirmed a "buy" rating on shares of NVIDIA in a research note on Tuesday. Four analysts have rated the stock with a Strong Buy rating, thirty-six have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $209.82.

View Our Latest Stock Report on NVIDIA

NVIDIA Company Profile

(Free Report)

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.

Read More

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).

Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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.

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