Security National Bank Trims Holdings in NVIDIA Corporation $NVDA

Key Points

• Security National Bank reduced its holdings in NVIDIA Corporation by 3.3% during the second quarter, leaving it with 465,408 shares, making NVIDIA its second-largest investment.
• Several institutional investors, including Astoria Portfolio Advisors and Centerpoint Advisory Group, have recently increased their stakes in NVIDIA, contributing to a total of 65.27% of shares being owned by institutional investors.
• NVIDIA announced a quarterly dividend of $0.01 per share, with a dividend yield of 0.0%, reflecting a minimal return on investment for shareholders at this time.

Security National Bank lessened its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 3.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 465,408 shares of the computer hardware maker's stock after selling 16,069 shares during the quarter. NVIDIA accounts for 12.7% of Security National Bank's investment portfolio, making the stock its 2nd biggest position. Security National Bank's holdings in NVIDIA were worth $73,530,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Astoria Portfolio Advisors LLC. boosted its stake in shares of NVIDIA by 0.9% during the first quarter. Astoria Portfolio Advisors LLC. now owns 93,568 shares of the computer hardware maker's stock valued at $9,610,000 after purchasing an additional 864 shares during the period. Centerpoint Advisory Group increased its stake in shares of NVIDIA by 2.5% in the first quarter. Centerpoint Advisory Group now owns 39,398 shares of the computer hardware maker's stock worth $4,270,000 after buying an additional 943 shares during the period. GSB Wealth Management LLC raised its holdings in NVIDIA by 3.3% during the 1st quarter. GSB Wealth Management LLC now owns 32,611 shares of the computer hardware maker's stock valued at $3,534,000 after buying an additional 1,043 shares during the last quarter. Variant Private Wealth LLC boosted its position in NVIDIA by 20.6% during the 1st quarter. Variant Private Wealth LLC now owns 18,800 shares of the computer hardware maker's stock valued at $2,038,000 after buying an additional 3,206 shares during the period. Finally, Financial Perspectives Inc grew its holdings in NVIDIA by 2.8% in the 1st quarter. Financial Perspectives Inc now owns 45,958 shares of the computer hardware maker's stock worth $4,981,000 after acquiring an additional 1,265 shares during the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at NVIDIA

In other NVIDIA news, Director Persis Drell sold 40,000 shares of the business's stock in a transaction on Friday, September 19th. The stock was sold at an average price of $177.65, for a total value of $7,106,000.00. Following the sale, the director directly owned 138,740 shares of the company's stock, valued at approximately $24,647,161. The trade was a 22.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Colette Kress sold 30,500 shares of the firm's stock in a transaction on Friday, September 19th. The shares were sold at an average price of $176.40, for a total value of $5,380,200.00. Following the transaction, the chief financial officer owned 2,883,402 shares of the company's stock, valued at $508,632,112.80. The trade was a 1.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,176,470 shares of company stock worth $720,979,162. Company insiders own 4.17% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently commented on NVDA. Summit Insights raised shares of NVIDIA from a "hold" rating to a "buy" rating in a research note on Thursday, May 29th. The Goldman Sachs Group reaffirmed a "buy" rating and set a $200.00 price target on shares of NVIDIA in a research report on Wednesday, August 27th. Morgan Stanley increased their price objective on NVIDIA from $206.00 to $210.00 and gave the stock an "overweight" rating in a report on Thursday, August 28th. Robert W. Baird boosted their target price on NVIDIA from $195.00 to $225.00 and gave the company an "outperform" rating in a research note on Monday, August 25th. Finally, Benchmark raised their price target on NVIDIA from $190.00 to $220.00 and gave the stock a "buy" rating in a research note on Thursday, August 28th. Four analysts have rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $209.82.

NVIDIA Price Performance

NVDA opened at $177.69 on Friday. The company has a current ratio of 4.21, a quick ratio of 3.60 and a debt-to-equity ratio of 0.08. The company has a market cap of $4.32 trillion, a price-to-earnings ratio of 50.62, a price-to-earnings-growth ratio of 1.28 and a beta of 2.10. The stock has a fifty day simple moving average of $176.48 and a two-hundred day simple moving average of $145.30. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $184.55.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, beating analysts' consensus estimates of $1.01 by $0.04. The firm had revenue of $46.74 billion for 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 company's quarterly revenue was up 55.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. Research analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

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

NVIDIA 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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