NVIDIA Co. (NASDAQ:NVDA) Stake Boosted by Security National Bank

Security National Bank increased its stake in NVIDIA Co. (NASDAQ:NVDA) by 289.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 119,817 shares of the computer hardware maker’s stock after purchasing an additional 89,028 shares during the quarter. NVIDIA makes up 6.2% of Security National Bank’s investment portfolio, making the stock its 2nd largest holding. Security National Bank’s holdings in NVIDIA were worth $24,821,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Savior LLC increased its stake in NVIDIA by 8.6% in the 2nd quarter. Savior LLC now owns 227 shares of the computer hardware maker’s stock worth $182,000 after purchasing an additional 18 shares in the last quarter. WNY Asset Management LLC grew its stake in NVIDIA by 4.2% during the 2nd quarter. WNY Asset Management LLC now owns 492 shares of the computer hardware maker’s stock valued at $394,000 after acquiring an additional 20 shares in the last quarter. Weaver Consulting Group grew its stake in NVIDIA by 5.5% during the 2nd quarter. Weaver Consulting Group now owns 535 shares of the computer hardware maker’s stock valued at $428,000 after acquiring an additional 28 shares in the last quarter. First National Bank of South Miami grew its stake in NVIDIA by 4.2% during the 2nd quarter. First National Bank of South Miami now owns 899 shares of the computer hardware maker’s stock valued at $719,000 after acquiring an additional 36 shares in the last quarter. Finally, Stock Yards Bank & Trust Co. grew its stake in NVIDIA by 2.6% during the 2nd quarter. Stock Yards Bank & Trust Co. now owns 1,655 shares of the computer hardware maker’s stock valued at $1,324,000 after acquiring an additional 42 shares in the last quarter. 19.24% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director Mark A. Stevens sold 58,000 shares of the business’s stock in a transaction that occurred on Monday, November 22nd. The stock was sold at an average price of $342.58, for a total transaction of $19,869,640.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Robert K. Burgess sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 13th. The shares were sold at an average price of $208.68, for a total value of $2,086,800.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 78,000 shares of company stock worth $25,222,940. 4.47% of the stock is currently owned by company insiders.

NVDA has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft lifted their target price on NVIDIA from $185.00 to $285.00 and gave the company a “hold” rating in a research note on Thursday, November 18th. Jefferies Financial Group lifted their target price on NVIDIA from $260.00 to $370.00 and gave the company a “buy” rating in a research note on Thursday, November 18th. Susquehanna Bancshares lifted their target price on NVIDIA from $250.00 to $360.00 and gave the company a “positive” rating in a research note on Thursday, November 11th. KeyCorp lifted their target price on NVIDIA from $260.00 to $350.00 and gave the company an “overweight” rating in a research note on Thursday, November 18th. Finally, UBS Group boosted their price target on NVIDIA from $230.00 to $350.00 and gave the company a “buy” rating in a research note on Monday, November 15th. Three analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, NVIDIA has a consensus rating of “Buy” and a consensus price target of $326.78.

Shares of NVDA stock traded up $9.28 during trading hours on Thursday, reaching $326.74. 43,469,906 shares of the company’s stock were exchanged, compared to its average volume of 34,447,004. NVIDIA Co. has a fifty-two week low of $115.67 and a fifty-two week high of $346.47. The stock has a market capitalization of $814.24 billion, a P/E ratio of 116.48, a P/E/G ratio of 4.45 and a beta of 1.46. The business has a fifty day moving average price of $248.30 and a 200-day moving average price of $210.84. The company has a quick ratio of 5.33, a current ratio of 5.80 and a debt-to-equity ratio of 0.52.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Wednesday, November 17th. The computer hardware maker reported $1.17 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.06. NVIDIA had a return on equity of 40.88% and a net margin of 32.33%. During the same quarter last year, the firm earned $0.60 earnings per share. As a group, research analysts expect that NVIDIA Co. will post 3.49 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 23rd. Stockholders of record on Thursday, December 2nd will be issued a dividend of $0.04 per share. The ex-dividend date of this dividend is Wednesday, December 1st. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.05%. NVIDIA’s dividend payout ratio (DPR) is presently 5.70%.

About NVIDIA

NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the following segments: Graphics Processing Unit (GPU), Tegra Processor, and All Other. The GPU segment comprises of product brands, which aims specialized markets including GeForce for gamers; Quadro for designers; Tesla and DGX for AI data scientists and big data researchers; and GRID for cloud-based visual computing users.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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