Wesbanco Bank Inc. boosted its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 20.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,820 shares of the computer hardware maker’s stock after buying an additional 470 shares during the quarter. Wesbanco Bank Inc.’s holdings in NVIDIA were worth $463,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. FMR LLC lifted its holdings in NVIDIA by 1.8% during the 1st quarter. FMR LLC now owns 49,860,097 shares of the computer hardware maker’s stock worth $8,952,880,000 after buying an additional 858,116 shares during the period. Jennison Associates LLC lifted its holdings in NVIDIA by 10.6% during the 2nd quarter. Jennison Associates LLC now owns 8,690,058 shares of the computer hardware maker’s stock worth $1,427,168,000 after buying an additional 832,508 shares during the period. Edgewood Management LLC lifted its holdings in NVIDIA by 0.4% during the 2nd quarter. Edgewood Management LLC now owns 7,890,343 shares of the computer hardware maker’s stock worth $1,295,831,000 after buying an additional 31,623 shares during the period. Northern Trust Corp raised its position in shares of NVIDIA by 3.3% in the 2nd quarter. Northern Trust Corp now owns 7,183,137 shares of the computer hardware maker’s stock worth $1,179,686,000 after acquiring an additional 230,497 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of NVIDIA by 10.0% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,456,518 shares of the computer hardware maker’s stock worth $567,664,000 after acquiring an additional 315,383 shares in the last quarter. 64.51% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ:NVDA traded down $2.33 during midday trading on Friday, reaching $181.94. The company’s stock had a trading volume of 7,467,510 shares, compared to its average volume of 10,211,458. The firm has a market capitalization of $112.22 billion, a PE ratio of 29.97, a P/E/G ratio of 4.72 and a beta of 2.07. NVIDIA Co. has a twelve month low of $124.46 and a twelve month high of $292.76. The stock has a fifty day moving average of $166.12 and a 200 day moving average of $165.69. The company has a quick ratio of 7.74, a current ratio of 8.65 and a debt-to-equity ratio of 0.24.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Thursday, August 15th. The computer hardware maker reported $1.24 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.37. The firm had revenue of $2.58 billion for the quarter, compared to analyst estimates of $2.55 billion. NVIDIA had a net margin of 26.93% and a return on equity of 24.40%. The business’s quarterly revenue was down 17.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.94 earnings per share. Sell-side analysts anticipate that NVIDIA Co. will post 4.08 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Thursday, August 29th will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Wednesday, August 28th. This represents a $0.64 annualized dividend and a yield of 0.35%. NVIDIA’s dividend payout ratio is presently 10.54%.

NVDA has been the subject of several research analyst reports. BMO Capital Markets reissued a “market perform” rating and issued a $145.00 price objective on shares of NVIDIA in a research report on Friday, August 16th. BidaskClub raised NVIDIA from a “sell” rating to a “hold” rating in a research report on Wednesday, August 21st. FBN Securities set a $190.00 price objective on NVIDIA and gave the stock a “buy” rating in a research report on Friday, August 16th. Oppenheimer set a $190.00 price objective on NVIDIA and gave the stock a “buy” rating in a research report on Friday, August 16th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $180.00 price objective on shares of NVIDIA in a research report on Friday, August 16th. Three research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $190.40.

In other NVIDIA news, CFO Colette Kress sold 2,236 shares of the stock in a transaction on Friday, June 28th. The shares were sold at an average price of $164.01, for a total transaction of $366,726.36. Following the transaction, the chief financial officer now directly owns 239,710 shares of the company’s stock, valued at $39,314,837.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Harvey C. Jones sold 100,000 shares of the stock in a transaction on Monday, June 17th. The shares were sold at an average price of $145.10, for a total transaction of $14,510,000.00. Following the transaction, the director now directly owns 32,983 shares in the company, valued at $4,785,833.30. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 139,597 shares of company stock worth $21,275,952. Insiders own 4.64% of the company’s stock.

NVIDIA Company Profile

NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the Graphics Processing Unit (GPU) and Tegra Processor segments. 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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