Canandaigua National Bank & Trust Co. Acquires 2,453 Shares of NVIDIA Corporation $NVDA

Key Points

• Canandaigua National Bank & Trust increased its NVIDIA stake by 4.1%, purchasing 2,453 additional shares to hold 61,630 shares valued at approximately $14.1 million. Institutional investors collectively own 65.27% of NVIDIA.
• NVIDIA reported stronger-than-expected quarterly results, with $2.22 in earnings per share and $96.22 billion in revenue, up 105.9% year over year. The company also authorized a $150 billion share-buyback program.
• Analysts maintain a consensus “Buy” rating with an average price target of $321.47, although insiders sold substantial shares during the quarter and competition, regulatory scrutiny, and margin pressures remain risks.

Canandaigua National Bank & Trust Co. increased its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 4.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 61,630 shares of the computer hardware maker's stock after buying an additional 2,453 shares during the quarter. NVIDIA comprises approximately 1.3% of Canandaigua National Bank & Trust Co.'s portfolio, making the stock its 15th biggest holding. Canandaigua National Bank & Trust Co.'s holdings in NVIDIA were worth $14,075,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in NVDA. Retirement Wealth Solutions LLC boosted its position in shares of NVIDIA by 1.2% in the second quarter. Retirement Wealth Solutions LLC now owns 4,121 shares of the computer hardware maker's stock worth $825,000 after acquiring an additional 47 shares during the last quarter. LightSquare Wealth Management LLC boosted its holdings in shares of NVIDIA by 0.3% in the 2nd quarter. LightSquare Wealth Management LLC now owns 18,695 shares of the computer hardware maker's stock valued at $3,741,000 after purchasing an additional 49 shares during the last quarter. Defender Capital LLC. grew its stake in shares of NVIDIA by 0.7% during the 2nd quarter. Defender Capital LLC. now owns 7,534 shares of the computer hardware maker's stock valued at $1,507,000 after buying an additional 50 shares during the period. Kooman & Associates raised its position in shares of NVIDIA by 0.6% in the 2nd quarter. Kooman & Associates now owns 8,464 shares of the computer hardware maker's stock worth $1,694,000 after buying an additional 50 shares during the period. Finally, Roof Eidam Maycock Peralta LLC raised its position in shares of NVIDIA by 0.3% in the 2nd quarter. Roof Eidam Maycock Peralta LLC now owns 18,827 shares of the computer hardware maker's stock worth $3,767,000 after buying an additional 50 shares during the period. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

NVIDIA Stock Down 0.8%

Shares of NASDAQ:NVDA opened at $213.66 on Friday. The company has a quick ratio of 3.85, a current ratio of 4.59 and a debt-to-equity ratio of 0.14. NVIDIA Corporation has a 52-week low of $164.27 and a 52-week high of $243.37. The company has a 50 day moving average of $221.99 and a two-hundred day moving average of $204.15. The company has a market capitalization of $5.15 trillion, a price-to-earnings ratio of 27.01, a price-to-earnings-growth ratio of 1.65 and a beta of 2.22.

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 (EPS) for the quarter, beating analysts' consensus estimates of $2.09 by $0.13. NVIDIA had a net margin of 63.66% and a return on equity of 96.04%. The company had revenue of $96.22 billion for the quarter, compared to analyst estimates of $92.27 billion. During the same quarter last year, the firm posted $1.05 earnings per share. The business's quarterly revenue was up 105.9% on a year-over-year basis. As a group, analysts forecast that NVIDIA Corporation will post 9.30 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

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

NVIDIA announced that its board has initiated a stock buyback plan on Monday, September 28th that permits the company to buy back $150 billion in shares. This buyback authorization permits the computer hardware maker to reacquire up to 2.8% of its stock through open market purchases. Share buyback plans are often an indication that the company's board believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Zacks Research upgraded NVIDIA from a "hold" rating to a "strong-buy" rating in a report on Monday, September 21st. KGI Securities boosted their target price on NVIDIA from $335.00 to $345.00 in a report on Thursday, August 27th. Wall Street Zen downgraded shares of NVIDIA from a "strong-buy" rating to a "buy" rating in a research report on Saturday, October 24th. Yorkville Ives began coverage on shares of NVIDIA in a research report on Tuesday, October 6th. They issued an "outperform" rating and a $300.00 price objective for the company. Finally, Weiss Ratings raised shares of NVIDIA from a "buy (b)" rating to a "buy (b+)" rating in a research report on Friday, October 16th. Five equities 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 presently has a consensus rating of "Buy" and an average price target of $321.47.

Insider Buying and Selling

In other NVIDIA news, EVP Timothy Teter sold 30,460 shares of the business's stock in a transaction on Monday, September 21st. The shares were sold at an average price of $222.80, for a total value of $6,786,488.00. Following the transaction, the executive vice president owned 2,687,660 shares in the company, valued at $598,810,648. The trade was a 1.12% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Colette Kress sold 34,918 shares of the firm's stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $219.05, for a total value of $7,648,787.90. Following the sale, the chief financial officer owned 765,103 shares of the company's stock, valued at $167,595,812.15. This represents a 4.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 1,766,118 shares of company stock valued at $399,450,353 in the last quarter. Company insiders own 3.94% of the company's stock.

Key Stories 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

About NVIDIA

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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