Independence Bank of Kentucky Has $28.35 Million Stake in NVIDIA Corporation $NVDA

Key Points

• Independence Bank of Kentucky increased its NVIDIA stake by 5.6% in the second quarter, holding 141,669 shares valued at approximately $28.35 million. NVIDIA represents 3.2% of the bank’s portfolio, while institutional investors own 65.27% of the company.
• NVIDIA reported quarterly earnings of $2.22 per share and revenue of $96.22 billion, beating analyst estimates; revenue increased 105.9% year over year. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $322.61.
• The company announced a $1 annualized dividend and authorized an $80 billion share-repurchase program, but insiders sold roughly $410.4 million of stock during the quarter. Shares were trading down 4.6%, with supply constraints, lower expected gross margins and geopolitical risks weighing on the outlook.

Independence Bank of Kentucky increased its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 5.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 141,669 shares of the computer hardware maker's stock after acquiring an additional 7,538 shares during the quarter. NVIDIA comprises approximately 3.2% of Independence Bank of Kentucky's portfolio, making the stock its 6th biggest position. Independence Bank of Kentucky's holdings in NVIDIA were worth $28,347,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Norges Bank purchased a new stake in NVIDIA in the fourth quarter worth about $62,244,133,000. J. Stern & Co. LLP grew its holdings in shares of NVIDIA by 13,709.1% during the 4th quarter. J. Stern & Co. LLP now owns 125,760,307 shares of the computer hardware maker's stock worth $23,454,297,000 after acquiring an additional 124,849,603 shares during the period. Cardano Risk Management B.V. raised its position in shares of NVIDIA by 896.4% in the 4th quarter. Cardano Risk Management B.V. now owns 78,123,960 shares of the computer hardware maker's stock worth $14,570,119,000 after acquiring an additional 70,283,539 shares in the last quarter. Capital Research Global Investors lifted its stake in shares of NVIDIA by 16.1% in the 3rd quarter. Capital Research Global Investors now owns 165,377,852 shares of the computer hardware maker's stock valued at $30,855,564,000 after purchasing an additional 22,896,705 shares during the period. Finally, Laurel Wealth Advisors LLC lifted its stake in shares of NVIDIA by 15,496.1% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 21,865,525 shares of the computer hardware maker's stock valued at $3,454,534,000 after purchasing an additional 21,725,326 shares during the period. Institutional investors own 65.27% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. DZ Bank reaffirmed a "buy" rating on shares of NVIDIA in a research note on Thursday, May 21st. Zacks Research cut shares of NVIDIA from a "strong-buy" rating to a "hold" rating in a report on Friday, August 21st. Morgan Stanley set a $300.00 target price on shares of NVIDIA and gave the stock an "overweight" rating in a research report on Thursday. Weiss Ratings reiterated a "buy (b)" rating on shares of NVIDIA in a research note on Wednesday, July 8th. Finally, The Goldman Sachs Group reiterated a "neutral" rating and issued a $300.00 price target on shares of NVIDIA in a research note on Thursday. Two analysts have rated the stock with a Strong Buy rating, forty-eight have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, NVIDIA currently has an average rating of "Moderate Buy" and an average target price of $322.61.

NVIDIA Trading Down 4.6%

NASDAQ NVDA opened at $217.55 on Friday. NVIDIA Corporation has a 12 month low of $164.07 and a 12 month high of $236.54. The stock has a market cap of $5.24 trillion, a P/E ratio of 27.50, a P/E/G ratio of 0.42 and a beta of 2.23. The stock's fifty day moving average price is $208.09 and its 200-day moving average price is $200.77. The company has a current ratio of 4.59, a quick ratio of 2.85 and a debt-to-equity ratio of 0.14.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings results on Wednesday, August 26th. The computer hardware maker reported $2.22 earnings per share for the quarter, beating the consensus estimate of $2.09 by $0.13. The firm had revenue of $96.22 billion during the quarter, compared to the consensus estimate of $92.27 billion. NVIDIA had a return on equity of 96.04% and a net margin of 63.66%.The company's revenue was up 105.9% on a year-over-year basis. During the same period last year, the company earned $1.05 earnings per share. As a group, equities analysts forecast that NVIDIA Corporation will post 9.1 EPS for the current fiscal year.

NVIDIA Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Thursday, September 10th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Thursday, September 10th. NVIDIA's dividend payout ratio is currently 15.31%.

NVIDIA declared that its board has authorized a stock buyback program on Wednesday, May 20th that allows the company to repurchase $80.00 billion in shares. This repurchase authorization allows the computer hardware maker to buy up to 1.5% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's board of directors believes its shares are undervalued.

Insider Activity at NVIDIA

In related news, Director Stephen C. Neal sold 15,500 shares of the business's stock in a transaction that occurred on Wednesday, June 3rd. The shares were 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 $25,053,803.55. The trade was a 11.77% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mark A. Stevens sold 885,000 shares of the business's stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $210.17, for a total transaction of $186,000,450.00. Following the completion of the transaction, the director owned 5,207,271 shares of the company's stock, valued at approximately $1,094,412,146.07. The trade was a 14.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 1,900,500 shares of company stock worth $410,449,265. 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: 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

NVIDIA Company Profile

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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