Hilltop National Bank Purchases Shares of 72,004 NVIDIA Corporation $NVDA

Key Points

• Hilltop National Bank acquired a new stake in NVIDIA Corporation, purchasing 72,004 shares valued at approximately $11,376,000, making it the bank's 4th largest position.
• CEO Jen Hsun Huang sold 75,000 shares for a total of $13,575,750, reducing his ownership by 0.11% and retaining approximately 70.3 million shares.
• NVIDIA's stock has a one-year high of $195.62 and a projected price target average of $222.23 from analysts, with a consensus rating of "Buy".

Hilltop National Bank purchased a new stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 72,004 shares of the computer hardware maker's stock, valued at approximately $11,376,000. NVIDIA comprises about 3.0% of Hilltop National Bank's investment portfolio, making the stock its 4th largest position.

Several other hedge funds also recently added to or reduced their stakes in the stock. Kingstone Capital Partners Texas LLC boosted its holdings in shares of NVIDIA by 267,959.7% in the second quarter. Kingstone Capital Partners Texas LLC now owns 382,373,765 shares of the computer hardware maker's stock valued at $64,976,521,000 after acquiring an additional 382,231,120 shares during the period. Nuveen LLC acquired a new stake in shares of NVIDIA in the first quarter valued at approximately $15,089,414,000. Goldman Sachs Group Inc. boosted its holdings in shares of NVIDIA by 123.5% in the first quarter. Goldman Sachs Group Inc. now owns 187,995,213 shares of the computer hardware maker's stock valued at $20,374,921,000 after acquiring an additional 103,889,872 shares during the period. Assenagon Asset Management S.A. boosted its holdings in shares of NVIDIA by 204.6% in the first quarter. Assenagon Asset Management S.A. now owns 35,652,571 shares of the computer hardware maker's stock valued at $3,864,026,000 after acquiring an additional 23,948,733 shares during the period. Finally, Amundi boosted its holdings in shares of NVIDIA by 16.0% in the first quarter. Amundi now owns 135,770,043 shares of the computer hardware maker's stock valued at $13,826,199,000 after acquiring an additional 18,733,431 shares during the period. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the firm's stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $181.01, for a total value of $13,575,750.00. Following the completion of the sale, the chief executive officer owned 70,333,203 shares of the company's stock, valued at approximately $12,731,013,075.03. This trade represents a 0.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 3,678,937 shares of company stock valued at $654,837,526 over the last three months. 4.17% of the stock is currently owned by company insiders.

NVIDIA Price Performance

NVIDIA stock opened at $183.22 on Monday. NVIDIA Corporation has a one year low of $86.62 and a one year high of $195.62. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.60 and a current ratio of 4.21. The business has a fifty day moving average of $179.40 and a two-hundred day moving average of $153.63. The company has a market cap of $4.45 trillion, a P/E ratio of 52.20, a price-to-earnings-growth ratio of 1.32 and a beta of 2.12.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, beating analysts' consensus estimates of $1.01 by $0.04. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The company had revenue of $46.74 billion during the quarter, compared to the consensus estimate of $45.65 billion. During the same quarter last year, the company earned $0.68 earnings per share. NVIDIA's quarterly revenue was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. As a group, analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th were issued a $0.01 dividend. The ex-dividend date of this dividend was Thursday, September 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. NVIDIA's dividend payout ratio (DPR) is 1.14%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on NVDA. Morgan Stanley increased their price objective on NVIDIA from $206.00 to $210.00 and gave the company an "overweight" rating in a report on Thursday, August 28th. Stifel Nicolaus increased their price objective on NVIDIA from $202.00 to $212.00 and gave the company a "buy" rating in a report on Monday, August 25th. Wolfe Research increased their price target on NVIDIA from $220.00 to $230.00 in a report on Tuesday, September 23rd. Loop Capital increased their price target on NVIDIA from $175.00 to $250.00 and gave the stock a "buy" rating in a report on Wednesday, June 25th. Finally, The Goldman Sachs Group set a $210.00 price target on NVIDIA and gave the stock a "buy" rating in a report on Monday, October 6th. Five analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $222.23.

About NVIDIA

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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