UNIVEST FINANCIAL Corp Grows Stock Position in NVIDIA Corporation $NVDA

Key Points

• UNIVEST FINANCIAL Corp increased its position in NVIDIA by 131.4% in Q1, owning 273,429 shares, valued at approximately $29.63 million.
• Insider trading activity shows CEO Jen Hsun Huang sold 75,000 shares for about $13.48 million, with the total insider sales surpassing $878 million over the last ninety days.
• Recent analyst upgrades have boosted NVIDIA's price targets, with JPMorgan raising it from $170 to $215 and a consensus average target now at $207.69.

UNIVEST FINANCIAL Corp raised its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 131.4% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 273,429 shares of the computer hardware maker's stock after purchasing an additional 155,284 shares during the period. NVIDIA makes up approximately 1.9% of UNIVEST FINANCIAL Corp's holdings, making the stock its 10th largest holding. UNIVEST FINANCIAL Corp's holdings in NVIDIA were worth $29,634,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Kathleen S. Wright Associates Inc. boosted its stake in NVIDIA by 169.3% in the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock worth $44,000 after buying an additional 254 shares in the last quarter. Copia Wealth Management bought a new stake in shares of NVIDIA in the 4th quarter worth approximately $50,000. Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of NVIDIA in the 1st quarter valued at $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. Finally, LSV Asset Management purchased a new position in NVIDIA in the 4th quarter worth $54,000. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $179.76, for a total transaction of $13,482,000.00. Following the sale, the chief executive officer owned 72,848,225 shares of the company's stock, valued at approximately $13,095,196,926. The trade was a 0.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Colette Kress sold 27,640 shares of the business's stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $178.06, for a total transaction of $4,921,578.40. Following the transaction, the chief financial officer owned 2,956,876 shares in the company, valued at $526,501,340.56. This represents a 0.93% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,736,604 shares of company stock valued at $878,806,839. Corporate insiders own 4.17% of the company's stock.

Analysts Set New Price Targets

Several research firms have issued reports on NVDA. BNP Paribas upgraded shares of NVIDIA to a "hold" rating in a research report on Friday, August 1st. JPMorgan Chase & Co. boosted their target price on NVIDIA from $170.00 to $215.00 and gave the company an "overweight" rating in a research note on Thursday. Stifel Nicolaus raised their price target on NVIDIA from $202.00 to $212.00 and gave the stock a "buy" rating in a research report on Monday, August 25th. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $200.00 price target on shares of NVIDIA in a research note on Wednesday. Finally, Mizuho increased their price objective on NVIDIA from $192.00 to $205.00 and gave the company an "outperform" rating in a research note on Thursday, August 14th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $207.69.

NVIDIA Trading Down 3.3%

NASDAQ NVDA opened at $174.18 on Monday. The stock has a market cap of $4.23 trillion, a P/E ratio of 49.62, a price-to-earnings-growth ratio of 1.30 and a beta of 2.10. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $184.48. The stock has a 50 day simple moving average of $170.83 and a two-hundred day simple moving average of $139.10. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.60 and a current ratio of 4.21.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate 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 return on equity of 101.74% and a net margin of 52.41%.The business's revenue was up 55.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. On average, analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

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

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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