15,469 Shares in NVIDIA Corporation $NVDA Bought by Canandaigua National Trust Co of Florida

Key Points

• Canandaigua National Trust Co. of Florida initiated a 15,469-share NVIDIA position valued at approximately $3.53 million, representing about 2% of its portfolio. Institutional investors collectively own 65.27% of NVIDIA.
• NVIDIA insiders sold 1.77 million shares worth roughly $399.5 million over the past 90 days, including sizable sales by CFO Colette Kress and EVP Timothy Teter under pre-arranged trading plans.
• NVIDIA reported quarterly revenue growth of 105.9% and earnings that exceeded analyst expectations, while announcing a $150 billion buyback. Analysts maintain a consensus “Buy” rating, though competition, regulatory scrutiny and margin pressures remain risks.

Canandaigua National Trust Co of Florida purchased a new position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 15,469 shares of the computer hardware maker's stock, valued at approximately $3,533,000. NVIDIA comprises about 2.0% of Canandaigua National Trust Co of Florida's investment portfolio, making the stock its 11th biggest position.

Several other hedge funds and other institutional investors have also made changes to their positions in NVDA. Family Legacy Financial Solutions LLC raised its stake in NVIDIA by 7.0% in the 3rd quarter. Family Legacy Financial Solutions LLC now owns 16,229 shares of the computer hardware maker's stock valued at $3,706,000 after acquiring an additional 1,059 shares during the period. Canandaigua National Bank & Trust Co. boosted its position in NVIDIA by 4.1% during the third quarter. Canandaigua National Bank & Trust Co. now owns 61,630 shares of the computer hardware maker's stock worth $14,075,000 after purchasing an additional 2,453 shares during the period. Epiq Partners LLC acquired a new position in NVIDIA in the 3rd quarter valued at about $468,000. Bath Savings Trust Co raised its holdings in NVIDIA by 5.5% in the 3rd quarter. Bath Savings Trust Co now owns 80,260 shares of the computer hardware maker's stock valued at $18,330,000 after acquiring an additional 4,207 shares during the period. Finally, Cassilly Financial Group LLC lifted its position in NVIDIA by 69.2% during the third quarter. Cassilly Financial Group LLC now owns 3,336 shares of the computer hardware maker's stock worth $762,000 after acquiring an additional 1,364 shares during the last quarter. 65.27% of the stock is owned by institutional investors.

Insider Activity

In related news, CFO Colette Kress sold 34,918 shares of the stock in a transaction that occurred on Thursday, September 17th. The shares were sold at an average price of $219.05, for a total transaction of $7,648,787.90. Following the sale, the chief financial officer owned 765,103 shares in the company, valued at approximately $167,595,812.15. This trade represents a 4.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Timothy S. Teter sold 30,460 shares of NVIDIA stock in a transaction that occurred on Monday, September 21st. The shares were sold at an average price of $222.80, for a total transaction of $6,786,488.00. Following the completion of the transaction, the executive vice president directly owned 2,687,660 shares in the company, valued at $598,810,648. This trade represents a 1.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 1,766,118 shares of company stock worth $399,450,353. 3.94% of the stock is currently owned by corporate insiders.

Key Headlines Impacting NVIDIA

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Demand indicators remain strong across the AI supply chain. Vertiv reported 61% year-over-year revenue growth, more than doubled organic orders and $4.12 billion in deferred revenue, suggesting hyperscalers are paying to secure power and cooling capacity rather than slowing spending. NVIDIA’s partnership with Vertiv could also shorten data-center deployment timelines. Plugging In: Vertiv Cashes In On AI Demand
• Positive Sentiment: Several reports continue to point to substantial long-term growth. Analysts and commentators highlighted NVIDIA’s projected 70% fiscal 2028 revenue growth, expanding product portfolio, supply-constrained demand and potential customer commitments from companies such as Meta and SpaceX. NVIDIA also released open speech-AI models, broadening its software and ecosystem reach. Nvidia Shareholders Have a Major Reason to Be Bullish
• Neutral Sentiment: NVIDIA is partnering with Eclypsium to secure the hardware layer beneath AI-agent infrastructure. The initiative may strengthen enterprise trust and create additional platform value, although its near-term financial impact is unclear. Eclypsium partners with Nvidia
• Negative Sentiment: The U.S. Department of Justice is examining NVIDIA’s reported $12.9 billion acquisition of Hugging Face, focusing on whether the transaction could give NVIDIA control over an important AI-model and developer distribution channel. Regulatory scrutiny adds uncertainty around the deal and NVIDIA’s broader ecosystem strategy. US DOJ examines Nvidia’s Hugging Face acquisition
• Negative Sentiment: Reports alleging that a suspected Chinese intelligence asset had access to CEO Jensen Huang renewed concerns about China-related chip controls, corporate security and potential government investigations. NVIDIA disputed the underlying diversion allegations, saying they had been investigated and debunked, but the controversy remains an overhang. Nvidia responds to report on Chinese intelligence asset
• Negative Sentiment: Seaport reiterated its Sell rating, citing mounting competition from Google’s custom AI chips and other accelerators. Rising memory costs are also expected to pressure NVIDIA’s gross margin, while investors remain sensitive to the company’s dependence on a concentrated group of hyperscale customers. Seaport reiterates its Sell rating on Nvidia

NVIDIA Stock Down 0.8%

Shares of NASDAQ NVDA opened at $213.66 on Friday. The stock has a market capitalization of $5.15 trillion, a P/E ratio of 27.01, a PEG ratio of 1.65 and a beta of 2.22. The stock's fifty day moving average is $221.99 and its 200 day moving average is $204.15. NVIDIA Corporation has a 52 week low of $164.27 and a 52 week high of $243.37. The company has a debt-to-equity ratio of 0.14, a quick ratio of 3.85 and a current ratio of 4.59.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings data on Wednesday, August 26th. The computer hardware maker reported $2.22 earnings per share for the quarter, topping the consensus estimate of $2.09 by $0.13. The business had revenue of $96.22 billion during the quarter, compared to analysts' expectations of $92.27 billion. NVIDIA had a net margin of 63.66% and a return on equity of 96.04%. NVIDIA's revenue was up 105.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.05 earnings per share. Sell-side analysts forecast that NVIDIA Corporation will post 9.30 earnings per share for the current fiscal year.

NVIDIA declared that its Board of Directors has initiated a stock buyback plan on Monday, September 28th that allows the company to buy back $150 billion in outstanding shares. This repurchase authorization allows the computer hardware maker to reacquire up to 2.8% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's management believes its stock is undervalued.

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Thursday, September 10th were given a $0.25 dividend. The ex-dividend date was Thursday, September 10th. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. NVIDIA's payout ratio is presently 12.64%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on NVDA. Cantor Fitzgerald restated an "overweight" rating and set a $350.00 price objective on shares of NVIDIA in a report on Thursday, October 1st. Morgan Stanley set a $230.00 price target on NVIDIA in a report on Friday, October 2nd. Truist Financial boosted their price target on NVIDIA from $307.00 to $346.00 and gave the company a "buy" rating in a research note on Thursday, August 27th. Royal Bank Of Canada upped their price objective on NVIDIA from $300.00 to $330.00 and gave the company an "outperform" rating in a report on Thursday, August 27th. Finally, Phillip Securities boosted their target price on shares of NVIDIA from $285.00 to $300.00 and gave the company a "buy" rating in a research report on Monday, August 31st. Five research analysts have rated the stock with a Strong Buy rating, forty-nine have issued a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $321.47.

NVIDIA Company Profile

NVIDIA Corporation NASDAQ: NVDA is a technology company that designs graphics processing units (GPUs), accelerated computing platforms, networking products and related software. Its technologies support artificial intelligence, machine learning, scientific computing, data analytics, professional visualization and computer graphics.

The company's products include GeForce GPUs for gaming and personal computing, data center GPUs and systems for AI and high-performance computing, and networking solutions used to connect and manage large-scale computing infrastructure.

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