Pinnacle Bancorp Inc. Acquires 1,444 Shares of NVIDIA Corporation $NVDA

Key Points

• Pinnacle Bancorp Inc. increased its holdings in NVIDIA Corporation by 25.1% during Q2, acquiring an additional 1,444 shares, bringing its total to 7,199 shares valued at $1,137,000.
• Other institutional investors also significantly increased their stakes in NVIDIA, including Kingstone Capital Partners, which grew its position by an extraordinary 267,959.7%.
• NVIDIA reported quarterly earnings of $1.05 per share, exceeding estimates, with a revenue of $46.74 billion, marking a 55.6% increase compared to the same quarter last year.

Pinnacle Bancorp Inc. boosted its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 25.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,199 shares of the computer hardware maker's stock after acquiring an additional 1,444 shares during the period. Pinnacle Bancorp Inc.'s holdings in NVIDIA were worth $1,137,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of NVDA. Kingstone Capital Partners Texas LLC grew 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 acquiring an additional 382,231,120 shares in the last quarter. Nuveen LLC purchased a new position in NVIDIA during the first quarter valued at approximately $15,089,414,000. Goldman Sachs Group Inc. grew 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 valued at $20,374,921,000 after acquiring an additional 103,889,872 shares in the last quarter. GAMMA Investing LLC grew its stake in NVIDIA by 12,173.2% during the first quarter. GAMMA Investing LLC now owns 48,837,781 shares of the computer hardware maker's stock valued at $5,293,039,000 after acquiring an additional 48,439,859 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in NVIDIA by 204.6% during the first quarter. Assenagon Asset Management S.A. now owns 35,652,571 shares of the computer hardware maker's stock valued at $3,864,026,000 after acquiring an additional 23,948,733 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.

NVIDIA Trading Up 0.3%

Shares of NVDA opened at $178.19 on Friday. The stock has a market capitalization of $4.33 trillion, a P/E ratio of 50.77, a PEG ratio of 1.29 and a beta of 2.10. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08. The firm has a fifty day simple moving average of $176.60 and a two-hundred day simple moving average of $145.99. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $184.55.

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 the consensus estimate of $1.01 by $0.04. The business 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%. The firm's revenue for the quarter was up 55.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. On average, research analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

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

Insider Buying and Selling at NVIDIA

In other NVIDIA news, CFO Colette Kress sold 30,500 shares of the stock in a transaction on Friday, September 19th. The shares were sold at an average price of $176.40, for a total transaction of $5,380,200.00. Following the completion of the sale, the chief financial officer owned 2,883,402 shares of the company's stock, valued at $508,632,112.80. This represents a 1.05% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Mark A. Stevens sold 350,000 shares of the company's stock in a transaction on 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 completion of the transaction, the director owned 7,399,803 shares of the company's stock, valued at $1,305,251,251.17. This trade represents a 4.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 4,176,470 shares of company stock worth $720,979,162 over the last ninety days. 4.17% of the stock is owned by company insiders.

Analyst Ratings Changes

NVDA has been the subject of several recent analyst reports. UBS Group reaffirmed a "buy" rating on shares of NVIDIA in a research note on Tuesday, September 23rd. TD Cowen boosted their price target on shares of NVIDIA from $140.00 to $235.00 and gave the stock a "buy" rating in a research note on Tuesday, August 19th. KeyCorp reissued an "overweight" rating and issued a $230.00 price target (up previously from $215.00) on shares of NVIDIA in a research note on Thursday, August 28th. Wells Fargo & Company boosted their price target on shares of NVIDIA from $185.00 to $220.00 and gave the stock an "overweight" rating in a research note on Monday, August 11th. Finally, DA Davidson raised shares of NVIDIA from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $195.00 to $210.00 in a research note on Thursday, September 11th. Four research 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 company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $209.82.

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.

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