Field & Main Bank Decreases Stock Position in NVIDIA Corporation $NVDA

Field & Main Bank decreased its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA) by 1.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 64,270 shares of the computer hardware maker’s stock after selling 825 shares during the quarter. NVIDIA accounts for approximately 3.3% of Field & Main Bank’s investment portfolio, making the stock its 5th largest position. Field & Main Bank’s holdings in NVIDIA were worth $10,154,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Harbor Asset Planning Inc. acquired a new stake in NVIDIA in the second quarter valued at approximately $28,000. Kathleen S. Wright Associates Inc. boosted 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 acquiring an additional 254 shares in the last quarter. Legend Financial Advisors Inc. bought a new stake in NVIDIA during the 2nd quarter worth $55,000. Campbell Capital Management Inc. grew its position 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 acquiring an additional 590 shares during the last quarter. Finally, Westend Capital Management LLC increased its holdings in NVIDIA by 46.8% in the 2nd quarter. Westend Capital Management LLC now owns 455 shares of the computer hardware maker’s stock worth $72,000 after purchasing an additional 145 shares in the last quarter. Institutional investors own 65.27% of the company’s stock.

Wall Street Analyst Weigh In

NVDA has been the topic of a number of recent research reports. Rosenblatt Securities lifted their price target on NVIDIA from $240.00 to $245.00 and gave the company a “buy” rating in a research note on Thursday, November 20th. Cantor Fitzgerald reiterated an “overweight” rating and set a $300.00 target price on shares of NVIDIA in a research report on Thursday, November 20th. Morgan Stanley upped their price target on shares of NVIDIA from $220.00 to $235.00 and gave the company an “overweight” rating in a research report on Thursday, November 20th. Craig Hallum lifted their price target on shares of NVIDIA from $195.00 to $245.00 and gave the stock a “buy” rating in a report on Thursday, August 28th. Finally, Argus reissued a “buy” rating and issued a $220.00 price objective on shares of NVIDIA in a research note on Thursday, November 20th. Five analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, NVIDIA presently has an average rating of “Buy” and an average price target of $258.19.

NVIDIA Price Performance

Shares of NASDAQ NVDA opened at $180.26 on Thursday. The company has a market capitalization of $4.38 trillion, a PE ratio of 51.36, a P/E/G ratio of 1.49 and a beta of 2.11. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $212.19. The firm has a fifty day simple moving average of $186.82 and a 200 day simple moving average of $169.74.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 EPS for the quarter, beating analysts’ consensus estimates of $1.23 by $0.07. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The business had revenue of $57.01 billion for the quarter, compared to analysts’ expectations of $54.66 billion. During the same quarter in the prior year, the firm posted $0.81 earnings per share. The business’s quarterly revenue was up 62.5% compared to the same quarter last year. NVIDIA has set its Q4 2026 guidance at EPS. On average, sell-side analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Thursday, December 4th will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. The ex-dividend date is Thursday, December 4th. NVIDIA’s payout ratio is presently 0.99%.

Insider Buying and Selling at NVIDIA

In other news, Director Mark A. Stevens sold 350,000 shares of the firm’s stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $176.39, for a total transaction of $61,736,500.00. Following the completion of the sale, the director owned 7,399,803 shares of the company’s stock, valued at $1,305,251,251.17. This trade represents a 4.52% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Harvey C. Jones sold 250,000 shares of NVIDIA stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $176.21, for a total transaction of $44,052,500.00. Following the completion of the sale, the director owned 7,183,280 shares of the company’s stock, valued at $1,265,765,768.80. This represents a 3.36% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 3,252,203 shares of company stock valued at $583,255,504. 4.17% of the stock is currently owned by company insiders.

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.