First Business Financial Services Inc. Has $16.07 Million Stake in NVIDIA Corporation $NVDA

First Business Financial Services Inc. increased its stake in NVIDIA Corporation by 11.8% in Q2, owning 101,713 shares valued at $16.07 million. NVIDIA is the 11th largest holding in its portfolio. Analysts have given NVIDIA a consensus "Buy" rating with a price target of $240.49. NVIDIA reported Q3 earnings of $1.30 per share, beating estimates, with revenue up 62.5% year-over-year.

First Business Financial Services Inc. boosted its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 11.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 101,713 shares of the computer hardware maker's stock after purchasing an additional 10,727 shares during the period. NVIDIA comprises about 1.4% of First Business Financial Services Inc.'s portfolio, making the stock its 11th largest holding. First Business Financial Services Inc.'s holdings in NVIDIA were worth $16,070,000 at the end of the most recent quarter.

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Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NVDA. Morton Brown Family Wealth LLC boosted its position in NVIDIA by 1.5% during the second quarter. Morton Brown Family Wealth LLC now owns 3,928 shares of the computer hardware maker's stock valued at $621,000 after purchasing an additional 58 shares during the last quarter. Roof Eidam Maycock Peralta LLC raised its stake in shares of NVIDIA by 0.3% during the 2nd quarter. Roof Eidam Maycock Peralta LLC now owns 20,903 shares of the computer hardware maker's stock worth $3,302,000 after purchasing an additional 58 shares in the last quarter. Alpha Wealth Funds LLC boosted its holdings in shares of NVIDIA by 1.3% in the 2nd quarter. Alpha Wealth Funds LLC now owns 4,634 shares of the computer hardware maker's stock valued at $732,000 after buying an additional 59 shares during the last quarter. Copia Wealth Management grew its stake in shares of NVIDIA by 14.7% in the second quarter. Copia Wealth Management now owns 468 shares of the computer hardware maker's stock valued at $74,000 after buying an additional 60 shares in the last quarter. Finally, BKM Wealth Management LLC increased its holdings in NVIDIA by 1.1% during the second quarter. BKM Wealth Management LLC now owns 5,745 shares of the computer hardware maker's stock worth $908,000 after buying an additional 60 shares during the last quarter. 65.27% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

NVDA has been the subject of a number of recent analyst reports. Morgan Stanley increased their price target on shares of NVIDIA from $210.00 to $220.00 and gave the company an "overweight" rating in a research note on Friday, November 14th. Truist Financial raised 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. Barclays reiterated an "overweight" rating and set a $240.00 price target (up previously from $200.00) on shares of NVIDIA in a report on Monday, September 22nd. BNP Paribas upgraded NVIDIA to a "hold" rating in a research note on Friday, August 1st. Finally, UBS Group reiterated a "buy" rating on shares of NVIDIA in a research note on Monday, November 10th. Five equities research analysts have rated the stock with a Strong Buy rating, forty-one have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, NVIDIA presently has an average rating of "Buy" and a consensus price target of $240.49.

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Check Out Our Latest Analysis on NVDA

NVIDIA Price Performance

Shares of NASDAQ NVDA opened at $186.52 on Thursday. The firm has a market cap of $4.53 trillion, a P/E ratio of 53.14, a price-to-earnings-growth ratio of 1.49 and a beta of 2.11. The business's 50 day moving average is $186.37 and its 200-day moving average is $167.48. The company has a current ratio of 4.21, a quick ratio of 3.60 and a debt-to-equity ratio of 0.08. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $212.19.

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NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings data 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. The firm had revenue of $57.01 billion for the quarter, compared to analyst estimates of $54.66 billion. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The company's revenue for the quarter was up 62.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.81 EPS. NVIDIA has set its Q4 2026 guidance at EPS. Equities research analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Investors of record on Thursday, December 4th will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. The ex-dividend date of this dividend is Thursday, December 4th. NVIDIA's dividend payout ratio (DPR) is currently 1.14%.

Insider Activity

In other news, CEO Jen Hsun Huang sold 25,000 shares of NVIDIA stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $207.91, for a total value of $5,197,750.00. Following the completion of the sale, the chief executive officer directly owned 69,733,203 shares in the company, valued at approximately $14,498,230,235.73. The trade was a 0.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Colette Kress sold 27,640 shares of the stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $208.33, for a total value of $5,758,241.20. Following the sale, the chief financial officer directly owned 2,828,122 shares in the company, valued at $589,182,656.26. This represents a 0.97% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 3,251,577 shares of company stock valued at $583,143,187 in the last quarter. Corporate insiders own 4.17% of the company's stock.

About NVIDIA

(Free Report)

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.

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