NVIDIA Corporation (NASDAQ:NVDA) Shares Acquired by Pioneer Trust Bank N A OR

Pioneer Trust Bank N A OR increased its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 17.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 48,515 shares of the computer hardware maker's stock after buying an additional 7,205 shares during the quarter. Pioneer Trust Bank N A OR's holdings in NVIDIA were worth $5,258,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Copia Wealth Management bought a new stake in shares of NVIDIA during the fourth quarter worth $50,000. LSV Asset Management bought a new stake in shares of NVIDIA during the fourth quarter worth $54,000. Barnes Dennig Private Wealth Management LLC purchased a new position in shares of NVIDIA during the first quarter valued at $51,000. Bruce G. Allen Investments LLC increased its stake in shares of NVIDIA by 198.2% during the first quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock valued at $53,000 after buying an additional 327 shares during the period. Finally, Delos Wealth Advisors LLC increased its stake in shares of NVIDIA by 134.8% during the fourth quarter. Delos Wealth Advisors LLC now owns 493 shares of the computer hardware maker's stock valued at $66,000 after buying an additional 283 shares during the period. 65.27% of the stock is currently owned by institutional investors.

NVIDIA Stock Performance

Shares of NVIDIA stock traded up $1.10 on Tuesday, reaching $183.16. 145,446,845 shares of the stock were exchanged, compared to its average volume of 243,951,938. The company has a quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $184.48. The firm has a market capitalization of $4.47 trillion, a price-to-earnings ratio of 59.08, a PEG ratio of 1.61 and a beta of 2.14. The business has a 50 day moving average price of $160.71 and a two-hundred day moving average price of $133.89.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The company had revenue of $44.06 billion during the quarter, compared to analyst estimates of $43.09 billion. During the same period in the previous year, the firm posted $0.61 earnings per share. The company's revenue was up 69.2% compared to the same quarter last year. Analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th were given a $0.01 dividend. The ex-dividend date was Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. NVIDIA's payout ratio is 1.29%.

Analysts Set New Price Targets

NVDA has been the topic of several research reports. Bank of America raised their price target on NVIDIA from $180.00 to $220.00 in a research note on Wednesday, July 16th. Raymond James Financial raised their price target on NVIDIA from $150.00 to $165.00 and gave the company a "strong-buy" rating in a research note on Thursday, May 29th. Truist Financial lifted their target price on NVIDIA from $205.00 to $210.00 and gave the company a "buy" rating in a research note on Thursday, May 29th. Jefferies Financial Group lifted their target price on NVIDIA from $185.00 to $200.00 in a research note on Wednesday, July 16th. Finally, Cantor Fitzgerald reiterated an "overweight" rating and issued a $200.00 target price on shares of NVIDIA in a research note on Wednesday, April 16th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-two have issued a buy rating and four have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $183.75.

Insider Buying and Selling

In related news, CFO Colette Kress sold 27,640 shares of the business's stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $178.06, for a total transaction of $4,921,578.40. Following the completion of the sale, the chief financial officer directly owned 2,956,876 shares in the company, valued at approximately $526,501,340.56. The trade was a 0.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $182.38, for a total value of $13,678,500.00. Following the sale, the chief executive officer owned 73,223,225 shares of the company's stock, valued at $13,354,451,775.50. The trade was a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,687,440 shares of company stock valued at $862,095,782 over the last 90 days. Company insiders own 4.17% of the company's stock.

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.