Stock Yards Bank & Trust Co. Purchases 6,532 Shares of NVIDIA Corporation $NVDA

Stock Yards Bank & Trust Co. raised its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 1.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 399,532 shares of the computer hardware maker's stock after buying an additional 6,532 shares during the quarter. NVIDIA comprises about 2.1% of Stock Yards Bank & Trust Co.'s portfolio, making the stock its 13th largest position. Stock Yards Bank & Trust Co.'s holdings in NVIDIA were worth $63,122,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Kathleen S. Wright Associates Inc. grew its holdings 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 purchasing an additional 254 shares during the last quarter. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of NVIDIA during the 1st quarter valued at approximately $51,000. Bruce G. Allen Investments LLC grew its holdings in shares of NVIDIA by 198.2% during 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. Legend Financial Advisors Inc. bought a new stake in shares of NVIDIA during the 2nd quarter valued at approximately $55,000. Finally, Campbell Capital Management Inc. grew its holdings in shares of NVIDIA by 5,900.0% during 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 during the last quarter. 65.27% of the stock is owned by institutional investors.

Insider Buying and Selling

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction on Monday, October 20th. The shares were sold at an average price of $183.38, for a total transaction of $13,753,500.00. Following the completion of the sale, the chief executive officer owned 70,108,203 shares in the company, valued at approximately $12,856,442,266.14. The trade was a 0.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last three months, insiders have sold 3,828,937 shares of company stock worth $682,264,276. Insiders own 4.17% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on NVDA shares. Citigroup reiterated a "buy" rating and set a $210.00 target price (up from $200.00) on shares of NVIDIA in a research report on Tuesday, September 30th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of NVIDIA in a research note on Wednesday, October 8th. DA Davidson raised shares of NVIDIA from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $195.00 to $210.00 in a research note on Thursday, September 11th. Truist Financial lifted their target price on shares of NVIDIA from $210.00 to $228.00 and gave the stock a "buy" rating in a research note on Thursday, August 28th. Finally, Rosenblatt Securities reissued a "buy" rating and set a $215.00 target price on shares of NVIDIA in a research note on Tuesday, September 23rd. Five analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $222.23.

NVIDIA Stock Performance

Shares of NVDA stock opened at $182.64 on Tuesday. The firm has a market capitalization of $4.44 trillion, a PE ratio of 52.03, a price-to-earnings-growth ratio of 1.32 and a beta of 2.12. The firm has a fifty day simple moving average of $179.41 and a two-hundred day simple moving average of $154.25. The company has a current ratio of 4.21, a quick ratio of 3.60 and a debt-to-equity ratio of 0.08. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $195.62.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly 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 business had revenue of $46.74 billion during the quarter, compared to analyst estimates of $45.65 billion. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. NVIDIA'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. Analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

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

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.

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