Zions Bancorporation National Association UT Takes Position in NVIDIA Corporation $NVDA

Zions Bancorporation National Association UT purchased a new stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 287,401 shares of the computer hardware maker's stock, valued at approximately $31,149,000. NVIDIA accounts for approximately 2.0% of Zions Bancorporation National Association UT's portfolio, making the stock its 6th largest holding.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Copia Wealth Management acquired a new position in NVIDIA during the 4th quarter worth $50,000. Kathleen S. Wright Associates Inc. increased its holdings in NVIDIA by 169.3% during the 1st quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock worth $44,000 after purchasing an additional 254 shares in the last quarter. Barnes Dennig Private Wealth Management LLC bought a new position in NVIDIA during the 1st quarter worth about $51,000. Bruce G. Allen Investments LLC increased its holdings in NVIDIA by 198.2% during the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock worth $53,000 after purchasing an additional 327 shares in the last quarter. Finally, Campbell Capital Management Inc. increased its holdings in NVIDIA by 5,900.0% during the 1st quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker's stock worth $65,000 after purchasing an additional 590 shares in the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

NVIDIA Stock Up 3.4%

Shares of NVDA traded up $5.73 during trading hours on Wednesday, hitting $176.49. The stock had a trading volume of 165,142,157 shares, compared to its average volume of 236,777,578. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 3.60. The firm has a 50 day simple moving average of $173.29 and a 200-day simple moving average of $140.65. The firm has a market capitalization of $4.29 trillion, a P/E ratio of 50.35, a price-to-earnings-growth ratio of 1.22 and a beta of 2.10. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $184.48.

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 for the quarter, topping analysts' consensus estimates of $1.01 by $0.04. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The company had revenue of $46.74 billion for the quarter, compared to analyst estimates of $45.65 billion. During the same quarter in the prior year, the business posted $0.68 EPS. The firm's revenue was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. Sell-side analysts predict that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

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

Analyst Ratings Changes

Several research firms have weighed in on NVDA. Wall Street Zen raised shares of NVIDIA from a "hold" rating to a "buy" rating in a report on Friday, September 5th. Citigroup lowered their target price on shares of NVIDIA from $210.00 to $200.00 and set a "buy" rating on the stock in a report on Monday. JPMorgan Chase & Co. reaffirmed an "overweight" rating and set a $215.00 target price on shares of NVIDIA in a report on Thursday, September 4th. TD Cowen raised their target price on shares of NVIDIA from $140.00 to $235.00 and gave the stock a "buy" rating in a report on Tuesday, August 19th. Finally, Craig Hallum raised their target price on shares of NVIDIA from $195.00 to $245.00 and gave the stock a "buy" rating in a report on Thursday, August 28th. Four research analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $207.42.

Insiders Place Their Bets

In related news, Director Dawn E. Hudson sold 18,000 shares of NVIDIA stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $172.00, for a total transaction of $3,096,000.00. Following the completion of the transaction, the director directly owned 368,887 shares of the company's stock, valued at $63,448,564. This trade represents a 4.65% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $169.71, for a total transaction of $12,728,250.00. Following the completion of the transaction, the chief executive officer directly owned 72,398,366 shares of the company's stock, valued at $12,286,726,693.86. This trade represents a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 3,832,755 shares of company stock worth $619,935,680. Insiders own 4.17% of the company's stock.

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.