Security National Bank of SO Dak Purchases 3,992 Shares of NVIDIA Corporation (NASDAQ:NVDA)

Key Points

• Security National Bank of SO Dak has increased its holdings in NVIDIA Corporation by 24.1%, now owning 20,544 shares valued at approximately $2,227,000.
• NVIDIA's stock opened at $177.87, with a twelve-month high of $183.30 and a low of $86.62.
• The company reported earnings of $0.81 per share, missing analyst estimates, but showed a strong revenue growth of 69.2% year-over-year.

Security National Bank of SO Dak boosted its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 24.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,544 shares of the computer hardware maker's stock after acquiring an additional 3,992 shares during the quarter. NVIDIA accounts for 1.3% of Security National Bank of SO Dak's portfolio, making the stock its 26th largest position. Security National Bank of SO Dak's holdings in NVIDIA were worth $2,227,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in NVDA. Tacita Capital Inc bought a new stake in NVIDIA in the 4th quarter valued at about $28,000. Vision Financial Markets LLC acquired a new position in NVIDIA during the 4th quarter worth approximately $38,000. Copia Wealth Management acquired a new position in NVIDIA during the 4th quarter worth approximately $50,000. LSV Asset Management acquired a new position in NVIDIA during the 4th quarter worth approximately $54,000. Finally, Barnes Dennig Private Wealth Management LLC acquired a new position in NVIDIA in the 1st quarter valued at approximately $51,000. 65.27% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Needham & Company LLC increased their price objective on shares of NVIDIA from $160.00 to $200.00 and gave the stock a "buy" rating in a research report on Wednesday, July 16th. Hsbc Global Res downgraded shares of NVIDIA from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 3rd. Jefferies Financial Group lifted their price objective on shares of NVIDIA from $185.00 to $200.00 in a research report on Wednesday, July 16th. UBS Group reaffirmed a "buy" rating on shares of NVIDIA in a research report on Friday, May 23rd. Finally, Loop Capital lifted their price objective on shares of NVIDIA from $175.00 to $250.00 and gave the stock a "buy" rating in a research report on Wednesday, June 25th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-three have issued a buy rating and four have assigned a strong buy rating to the stock. Based on data from MarketBeat, NVIDIA has an average rating of "Moderate Buy" and a consensus price target of $182.03.

Insider Transactions at NVIDIA

In other news, Director A Brooke Seawell sold 48,792 shares of the company's stock in a transaction dated Monday, July 14th. The shares were sold at an average price of $163.96, for a total value of $7,999,936.32. Following the sale, the director directly owned 1,729,478 shares of the company's stock, valued at $283,565,212.88. This represents a 2.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Colette Kress sold 27,650 shares of the company's stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $170.89, for a total transaction of $4,725,108.50. Following the completion of the sale, the chief financial officer directly owned 2,984,516 shares in the company, valued at $510,023,939.24. This represents a 0.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,339,800 shares of company stock valued at $800,141,003 in the last three months. 4.17% of the stock is currently owned by company insiders.

NVIDIA Trading Down 2.3%

NVIDIA stock traded down $4.15 during mid-day trading on Friday, reaching $173.72. 203,669,565 shares of the company traded hands, compared to its average volume of 153,436,048. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.39 and a quick ratio of 2.96. The firm's 50 day moving average price is $155.30 and its 200 day moving average price is $132.32. The firm has a market capitalization of $4.24 trillion, a price-to-earnings ratio of 56.04, a P/E/G ratio of 1.57 and a beta of 2.14. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $183.30.

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

NVIDIA Dividend Announcement

The firm also recently announced 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 of this dividend was Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. NVIDIA's dividend payout ratio is currently 1.29%.

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.