NVIDIA Corporation $NVDA Shares Bought by Pioneer Trust Bank N A OR

Pioneer Trust Bank N A OR lifted its stake in NVIDIA Corporation (NASDAQ:NVDAFree Report) by 30.4% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 67,445 shares of the computer hardware maker’s stock after purchasing an additional 15,720 shares during the quarter. NVIDIA accounts for approximately 2.9% of Pioneer Trust Bank N A OR’s investment portfolio, making the stock its 10th largest holding. Pioneer Trust Bank N A OR’s holdings in NVIDIA were worth $12,584,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund raised its holdings in NVIDIA by 32.3% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 2,789,023 shares of the computer hardware maker’s stock valued at $520,376,000 after acquiring an additional 680,744 shares in the last quarter. Campbell Newman Asset Management Inc. increased its position in shares of NVIDIA by 0.3% in the third quarter. Campbell Newman Asset Management Inc. now owns 27,343 shares of the computer hardware maker’s stock worth $5,102,000 after purchasing an additional 83 shares during the period. Capital Investment Advisors LLC raised its stake in NVIDIA by 2.8% in the third quarter. Capital Investment Advisors LLC now owns 415,668 shares of the computer hardware maker’s stock valued at $77,555,000 after purchasing an additional 11,252 shares in the last quarter. Planned Solutions Inc. lifted its position in NVIDIA by 16.3% during the third quarter. Planned Solutions Inc. now owns 23,638 shares of the computer hardware maker’s stock worth $4,410,000 after purchasing an additional 3,320 shares during the period. Finally, Nova R Wealth Inc. grew its stake in NVIDIA by 4.5% during the third quarter. Nova R Wealth Inc. now owns 11,937 shares of the computer hardware maker’s stock worth $2,227,000 after buying an additional 509 shares in the last quarter. Institutional investors own 65.27% of the company’s stock.

Insider Buying and Selling

In other NVIDIA news, EVP Debora Shoquist sold 69,840 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $177.85, for a total transaction of $12,421,044.00. Following the completion of the transaction, the executive vice president owned 1,424,603 shares in the company, valued at approximately $253,365,643.55. This trade represents a 4.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Harvey C. Jones sold 250,000 shares of the company’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $177.33, for a total transaction of $44,332,500.00. Following the completion of the sale, the director directly owned 6,933,280 shares in the company, valued at approximately $1,229,478,542.40. This represents a 3.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 1,636,474 shares of company stock valued at $298,482,982. Corporate insiders own 4.17% of the company’s stock.

NVIDIA Trading Up 1.6%

NVDA opened at $187.81 on Monday. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.47 and a quick ratio of 3.71. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $212.19. The company’s 50 day moving average price is $183.38 and its two-hundred day moving average price is $181.81. The firm has a market capitalization of $4.56 trillion, a price-to-earnings ratio of 46.60, a PEG ratio of 0.91 and a beta of 2.31.

NVIDIA (NASDAQ:NVDAGet Free Report) last released its quarterly earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.07. NVIDIA had a net margin of 53.01% and a return on equity of 99.24%. The firm had revenue of $57.01 billion during the quarter, compared to the consensus estimate of $54.66 billion. During the same quarter last year, the firm earned $0.81 earnings per share. The company’s revenue for the quarter was up 62.5% on a year-over-year basis. As a group, research analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Thursday, December 4th were given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date was Thursday, December 4th. NVIDIA’s payout ratio is 0.99%.

More NVIDIA News

Here are the key news stories impacting NVIDIA this week:

Wall Street Analyst Weigh In

Several equities analysts have recently commented on NVDA shares. Susquehanna boosted their target price on shares of NVIDIA from $230.00 to $250.00 and gave the company a “positive” rating in a research report on Thursday, November 20th. Hsbc Global Res upgraded shares of NVIDIA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 15th. Morgan Stanley raised their target price on NVIDIA from $235.00 to $250.00 and gave the company an “overweight” rating in a report on Monday, December 1st. BNP Paribas Exane lifted their price target on NVIDIA from $240.00 to $250.00 and gave the company an “outperform” rating in a research note on Tuesday, November 18th. Finally, Mizuho set a $275.00 price objective on NVIDIA and gave the stock an “outperform” rating in a research report on Friday, January 9th. Four analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, NVIDIA has an average rating of “Buy” and a consensus price target of $263.41.

View Our Latest Stock Report on NVIDIA

NVIDIA Company Profile

(Free Report)

NVIDIA Corporation, founded in 1993 and headquartered in Santa Clara, California, is a global technology company that designs and develops graphics processing units (GPUs) and system-on-chip (SoC) technologies. Co-founded by Jensen Huang, who serves as president and chief executive officer, along with Chris Malachowsky and Curtis Priem, NVIDIA has grown from a graphics-focused chipmaker into a broad provider of accelerated computing hardware and software for multiple industries.

The company’s product portfolio spans discrete GPUs for gaming and professional visualization (marketed under the GeForce and NVIDIA RTX lines), high-performance data center accelerators used for AI training and inference (including widely adopted platforms such as the A100 and H100 series), and Tegra SoCs for automotive and edge applications.

Further Reading

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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