City National Bank of Florida MSD Has $9.10 Million Holdings in NVIDIA Corporation $NVDA

Key Points

• City National Bank of Florida MSD increased its NVIDIA stake by 54.8% in the second quarter, holding 45,471 shares valued at approximately $9.1 million. NVIDIA now represents about 3.8% of the fund’s portfolio and is its third-largest holding.
• NVIDIA reported quarterly revenue of $96.22 billion, up 105.9% year over year, and earnings of $2.22 per share, beating analyst expectations. The company also authorized an $80 billion share-repurchase program and declared a quarterly dividend of $0.25 per share.
• Analysts maintain a broadly positive outlook, with a consensus “Moderate Buy” rating and a $322.61 price target, although investors face risks from profit-taking, high valuation, supply constraints, lower gross margins, export controls and geopolitical pressure.

City National Bank of Florida MSD grew its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 54.8% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 45,471 shares of the computer hardware maker's stock after purchasing an additional 16,097 shares during the quarter. NVIDIA comprises about 3.8% of City National Bank of Florida MSD's portfolio, making the stock its 3rd biggest holding. City National Bank of Florida MSD's holdings in NVIDIA were worth $9,098,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in NVDA. Lifetime Wealth Management P.C. acquired a new position in shares of NVIDIA during the 4th quarter worth about $26,000. Longview Financial Advisors Inc. bought a new stake in shares of NVIDIA in the 1st quarter valued at about $27,000. Longfellow Investment Management Co. LLC lifted its stake in NVIDIA by 47.9% in the 2nd quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker's stock valued at $33,000 after purchasing an additional 67 shares during the last quarter. Phillip James Consulting Co. acquired a new stake in NVIDIA in the 1st quarter valued at about $40,000. Finally, Spurstone Advisory Services LLC bought a new position in NVIDIA during the second quarter worth about $40,000. Institutional investors own 65.27% of the company's stock.

NVIDIA Stock Performance

NASDAQ:NVDA opened at $217.55 on Monday. The stock has a fifty day moving average price of $208.09 and a 200-day moving average price of $200.85. The company has a market cap of $5.24 trillion, a price-to-earnings ratio of 27.50, a PEG ratio of 1.71 and a beta of 2.23. 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 Corporation has a fifty-two week low of $164.07 and a fifty-two week high of $236.54.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its earnings results on Wednesday, August 26th. The computer hardware maker reported $2.22 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts' expectations of $92.27 billion. During the same period in the previous year, the company earned $1.05 EPS. The business's revenue for the quarter was up 105.9% compared to the same quarter last year. As a group, equities analysts anticipate that NVIDIA Corporation will post 9.1 EPS for the current fiscal year.

NVIDIA declared that its board has initiated a share repurchase plan on Wednesday, May 20th that authorizes the company to buyback $80.00 billion in shares. This buyback authorization authorizes the computer hardware maker to buy up to 1.5% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's board believes its shares are undervalued.

NVIDIA Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Thursday, September 10th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $1.00 annualized dividend and a yield of 0.5%. NVIDIA's dividend payout ratio is presently 12.64%.

More NVIDIA News

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: NVIDIA reported fiscal Q2 revenue of approximately $96.2 billion, up 106% year over year and ahead of Wall Street expectations. Data-center revenue rose 117% to $89 billion, while adjusted EPS of $2.22 also exceeded consensus. The results reinforced that hyperscaler AI spending remains robust. Nvidia rises after signaling longer AI spending runway
• Positive Sentiment: Management guided to roughly $108 billion in fiscal Q3 revenue and indicated that fiscal 2028 sales could grow about 70%, well above the roughly 45% growth analysts had modeled. The forecast has shifted the debate from whether AI demand is slowing to whether NVIDIA and its suppliers can build enough capacity. Nvidia's 70% growth forecast
• Positive Sentiment: Several analysts raised their NVIDIA price targets following the results, including Wedbush, Truist, RBC and JPMorgan. The upgrades reflect expectations for sustained Blackwell demand, the Vera Rubin product ramp and strong order visibility through fiscal 2028. Wedbush lifts Nvidia price target
• Neutral Sentiment: NVIDIA is reportedly pursuing a roughly $12.9 billion acquisition of open-source AI platform Hugging Face. The deal could expand NVIDIA’s software ecosystem and improve visibility into future AI workloads, but reports indicate terms may not be finalized and the valuation is high relative to Hugging Face’s revenue. Nvidia agrees to buy Hugging Face report
• Negative Sentiment: Investors are locking in gains after NVIDIA’s strong post-earnings rally. The stock’s elevated valuation and proximity to record levels make it vulnerable to short-term profit-taking even though fundamentals remain strong. Nvidia AMD Intel stocks slide as investors take profits
• Negative Sentiment: Gross-margin expectations are moving lower toward roughly 72%–73% as NVIDIA absorbs higher memory, packaging and infrastructure costs. Management also said supply constraints remain significant, potentially limiting how much demand can immediately translate into revenue and cash flow.
• Negative Sentiment: Broader market pressure is coming from a more hawkish Federal Reserve outlook, while NVIDIA’s decision to exclude China data-center compute revenue from its forecast underscores continuing export-control and geopolitical risks. Reports that the company paused some revenue-sharing arrangements with AI cloud providers also raise questions about financing and customer ROI. Nvidia pauses revenue-sharing deals

Insider Buying and Selling

In other news, Director Stephen C. Neal sold 15,500 shares of the stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $215.73, for a total value of $3,343,815.00. Following the completion of the transaction, the director directly owned 116,135 shares in the company, valued at approximately $25,053,803.55. This represents a 11.77% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mark A. Stevens sold 885,000 shares of the business's stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $210.17, for a total value of $186,000,450.00. Following the sale, the director owned 5,207,271 shares in the company, valued at approximately $1,094,412,146.07. This trade represents a 14.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 1,900,500 shares of company stock worth $410,449,265 in the last 90 days. Company insiders own 3.94% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Jefferies Financial Group reaffirmed a "buy" rating and issued a $300.00 price objective (up from $275.00) on shares of NVIDIA in a research report on Thursday, May 21st. China Renaissance assumed coverage on NVIDIA in a report on Friday, June 5th. They set a "buy" rating and a $319.00 target price on the stock. Cantor Fitzgerald restated an "overweight" rating and issued a $350.00 price target on shares of NVIDIA in a research note on Monday, August 24th. BNP Paribas Exane raised their price target on NVIDIA from $270.00 to $285.00 and gave the company an "outperform" rating in a report on Thursday, May 21st. Finally, Evercore set a $465.00 price objective on shares of NVIDIA and gave the stock an "outperform" rating in a research report on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, forty-eight have issued a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $322.61.

About NVIDIA

NVIDIA Corporation, founded in 1993 and headquartered in Santa Clara, California, is a global technology company that designs and develops graphics processing units (GPUs) and system-on-chip (SoC) technologies. Co-founded by Jensen Huang, who serves as president and chief executive officer, along with Chris Malachowsky and Curtis Priem, NVIDIA has grown from a graphics-focused chipmaker into a broad provider of accelerated computing hardware and software for multiple industries.

The company's product portfolio spans discrete GPUs for gaming and professional visualization (marketed under the GeForce and NVIDIA RTX lines), high-performance data center accelerators used for AI training and inference (including widely adopted platforms such as the A100 and H100 series), and Tegra SoCs for automotive and edge applications.

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