NVIDIA Corporation $NVDA Shares Purchased by Renasant Bank

Renasant Bank boosted its stake in NVIDIA Corporation (NASDAQ:NVDA) by 12.6% during the 1st quarter, HoldingsChannel reports. The fund owned 10,206 shares of the computer hardware maker’s stock after buying an additional 1,146 shares during the period. Renasant Bank’s holdings in NVIDIA were worth $1,106,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in NVDA. Brighton Jones LLC raised its holdings in NVIDIA by 12.4% in the fourth quarter. Brighton Jones LLC now owns 324,901 shares of the computer hardware maker’s stock valued at $43,631,000 after acquiring an additional 35,815 shares in the last quarter. Bank Pictet & Cie Europe AG raised its holdings in NVIDIA by 1.0% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 2,346,417 shares of the computer hardware maker’s stock valued at $315,100,000 after acquiring an additional 22,929 shares in the last quarter. Highview Capital Management LLC DE raised its holdings in NVIDIA by 6.7% in the fourth quarter. Highview Capital Management LLC DE now owns 58,396 shares of the computer hardware maker’s stock valued at $7,842,000 after acquiring an additional 3,653 shares in the last quarter. Hudson Value Partners LLC raised its holdings in NVIDIA by 30.7% in the fourth quarter. Hudson Value Partners LLC now owns 50,658 shares of the computer hardware maker’s stock valued at $6,805,000 after acquiring an additional 11,900 shares in the last quarter. Finally, Selway Asset Management acquired a new stake in NVIDIA in the fourth quarter valued at $269,000. 65.27% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $169.65, for a total value of $12,723,750.00. Following the completion of the sale, the chief executive officer directly owned 72,698,366 shares of the company’s stock, valued at approximately $12,333,277,791.90. This represents a 0.10% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Dawn E. Hudson sold 18,000 shares of the company’s 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 sale, the director directly owned 368,887 shares of the company’s stock, valued at $63,448,564. The trade was a 4.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 4,872,755 shares of company stock valued at $764,283,330 in the last ninety days. Corporate insiders own 4.17% of the company’s stock.

NVIDIA Stock Performance

NVDA stock opened at $171.66 on Friday. The company has a market capitalization of $4.17 trillion, a P/E ratio of 48.91, a PEG ratio of 1.24 and a beta of 2.10. The company has a 50-day simple moving average of $172.55 and a 200 day simple moving average of $140.01. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $184.48. 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 (NASDAQ:NVDA) last posted its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.04. The business had revenue of $46.74 billion during the quarter, compared to the consensus estimate of $45.65 billion. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The company’s quarterly revenue was up 55.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. Sell-side analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Thursday, September 11th will be issued a $0.01 dividend. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $0.04 annualized dividend and a yield of 0.0%. NVIDIA’s dividend payout ratio is presently 1.14%.

Wall Street Analysts Forecast Growth

NVDA has been the topic of several recent analyst reports. Craig Hallum upped their price target on shares of NVIDIA from $195.00 to $245.00 and gave the company a “buy” rating in a report on Thursday, August 28th. Evercore ISI boosted their target price on shares of NVIDIA from $190.00 to $214.00 and gave the company an “outperform” rating in a research note on Friday, August 22nd. Sanford C. Bernstein reiterated an “outperform” rating and set a $225.00 target price (up previously from $185.00) on shares of NVIDIA in a research note on Thursday, August 28th. Truist Financial boosted their target price on shares of NVIDIA from $210.00 to $228.00 and gave the company a “buy” rating in a research note on Thursday, August 28th. Finally, Arete Research upgraded shares of NVIDIA to a “strong-buy” rating in a research note on Wednesday, May 21st. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $207.69.

NVIDIA 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.