First National Bank of Mount Dora Trust Investment Services Buys 1,665 Shares of NVIDIA Co. (NASDAQ:NVDA)

First National Bank of Mount Dora Trust Investment Services raised its stake in NVIDIA Co. (NASDAQ:NVDAGet Rating) by 4.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 39,783 shares of the computer hardware maker’s stock after acquiring an additional 1,665 shares during the period. NVIDIA makes up 2.1% of First National Bank of Mount Dora Trust Investment Services’ portfolio, making the stock its 14th largest holding. First National Bank of Mount Dora Trust Investment Services’ holdings in NVIDIA were worth $6,031,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Rather & Kittrell Inc. bought a new stake in NVIDIA in the 4th quarter valued at $26,000. Claremont Financial Group Inc. bought a new stake in shares of NVIDIA in the 4th quarter worth about $29,000. Emerson Wealth LLC bought a new stake in shares of NVIDIA in the 1st quarter worth about $27,000. Clear Perspectives Financial Planning LLC bought a new stake in shares of NVIDIA in the 1st quarter worth about $28,000. Finally, Roble Belko & Company Inc increased its holdings in shares of NVIDIA by 550.0% in the 1st quarter. Roble Belko & Company Inc now owns 104 shares of the computer hardware maker’s stock worth $28,000 after buying an additional 88 shares during the last quarter. 62.58% of the stock is currently owned by institutional investors.

NVIDIA Price Performance

Shares of NVDA opened at $125.61 on Friday. The company has a 50 day moving average price of $162.82 and a 200-day moving average price of $185.71. NVIDIA Co. has a fifty-two week low of $124.28 and a fifty-two week high of $346.47. The stock has a market capitalization of $312.77 billion, a PE ratio of 41.18, a PEG ratio of 4.35 and a beta of 1.69. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.11 and a current ratio of 3.62.

NVIDIA (NASDAQ:NVDAGet Rating) last announced its quarterly earnings results on Wednesday, August 24th. The computer hardware maker reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.05). NVIDIA had a return on equity of 36.83% and a net margin of 26.03%. The business had revenue of $6.70 billion during the quarter, compared to analysts’ expectations of $6.70 billion. During the same period in the previous year, the company posted $0.89 EPS. NVIDIA’s revenue for the quarter was up 3.0% on a year-over-year basis. Equities analysts predict that NVIDIA Co. will post 2.49 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 29th. Stockholders of record on Thursday, September 8th will be given a $0.04 dividend. The ex-dividend date is Wednesday, September 7th. This represents a $0.16 annualized dividend and a dividend yield of 0.13%. NVIDIA’s payout ratio is presently 5.25%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on NVDA shares. Raymond James reduced their target price on shares of NVIDIA from $240.00 to $210.00 in a report on Thursday, August 25th. Fubon Bank downgraded shares of NVIDIA from a “buy” rating to a “neutral” rating in a report on Thursday, August 25th. Citigroup reduced their target price on shares of NVIDIA from $285.00 to $248.00 and set a “buy” rating on the stock in a report on Thursday, August 25th. Craig Hallum reduced their target price on shares of NVIDIA from $180.00 to $165.00 and set a “hold” rating on the stock in a report on Thursday, August 25th. Finally, Credit Suisse Group set a $205.00 target price on shares of NVIDIA in a report on Wednesday, August 31st. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $214.91.

NVIDIA Company Profile

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NVIDIA Corporation provides graphics, and compute and networking solutions in the United States, Taiwan, China, and internationally. The company's 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; vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building 3D designs and virtual worlds.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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