Montecito Bank & Trust Trims Position in NVIDIA Corporation $NVDA

Key Points

• Montecito Bank & Trust trimmed its stake in NVIDIA by 9.9% in Q4, selling 19,209 shares and leaving 175,341 shares worth $32.7M, with NVIDIA representing about 5.2% of the fund’s portfolio and its second-largest holding.
• Significant insider selling: CFO Colette Kress sold 42,650 shares and director Mark A. Stevens sold 221,682 shares on March 20, and insiders have sold roughly 1,401,616 shares (~$253.6M) in the last three months.
• Analysts remain broadly positive with a consensus Buy rating (four Strong Buy, 47 Buy, 2 Hold) and a $275.95 average price target, while NVIDIA reported a strong quarter—$68.13B in revenue (+73.2% YoY) and $1.62 EPS, beating estimates.

Montecito Bank & Trust cut its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 9.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 175,341 shares of the computer hardware maker's stock after selling 19,209 shares during the period. NVIDIA makes up about 5.2% of Montecito Bank & Trust's portfolio, making the stock its 2nd biggest holding. Montecito Bank & Trust's holdings in NVIDIA were worth $32,701,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Winnow Wealth LLC bought a new stake in NVIDIA in the second quarter worth $32,000. Longfellow Investment Management Co. LLC raised its stake in NVIDIA by 47.9% during the second 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 in the last quarter. Spurstone Advisory Services LLC bought a new position in NVIDIA during the second quarter valued at $40,000. Sellwood Investment Partners LLC bought a new position in NVIDIA during the third quarter valued at $50,000. Finally, EDENTREE ASSET MANAGEMENT Ltd bought a new stake in shares of NVIDIA in the 2nd quarter worth about $54,000. Hedge funds and other institutional investors own 65.27% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on NVDA. Citigroup boosted their target price on shares of NVIDIA from $270.00 to $300.00 and gave the stock a "buy" rating in a report on Thursday, February 26th. Tigress Financial reiterated a "strong-buy" rating and issued a $360.00 price target (up from $350.00) on shares of NVIDIA in a research report on Thursday, March 5th. Rosenblatt Securities reissued a "buy" rating and set a $325.00 price objective on shares of NVIDIA in a research note on Monday, March 23rd. Mizuho set a $275.00 price objective on NVIDIA and gave the company an "outperform" rating in a research report on Friday, January 9th. Finally, BNP Paribas Exane raised their price objective on NVIDIA from $260.00 to $270.00 and gave the company an "outperform" rating in a research note on Thursday, February 26th. Four analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $275.95.

Insider Activity

In related news, CFO Colette Kress sold 42,650 shares of the business's stock in a transaction on Friday, March 20th. The stock was sold at an average price of $174.89, for a total transaction of $7,459,058.50. Following the completion of the transaction, the chief financial officer owned 881,387 shares in the company, valued at $154,145,772.43. The trade was a 4.62% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mark A. Stevens sold 221,682 shares of the company's stock in a transaction on Friday, March 20th. The shares were sold at an average price of $173.68, for a total value of $38,501,729.76. Following the completion of the transaction, the director directly owned 7,399,771 shares in the company, valued at $1,285,192,227.28. This trade represents a 2.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,401,616 shares of company stock worth $253,555,407 in the last three months. Corporate insiders own 4.17% of the company's stock.

More NVIDIA News

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Analyst/valuation support: Multiple pieces argue NVDA is trading cheaply vs. its growth profile and some brokers/analysts reiterated buys or raised long‑term estimates, providing a buy‑the‑dip narrative that could attract value buyers. 5 April Buys With Double-Digit Year-End Targets
• Positive Sentiment: Enterprise deployments and partnerships expand demand: NVIDIA’s tech is being embedded across industries (energy partnership with SLB, healthcare deployments and HGX systems for regional AI factories), which supports recurring data‑center GPU demand beyond hyperscalers. SLB expands Nvidia partnership to develop AI infrastructure for energy sector
• Positive Sentiment: Ecosystem capital: A Reuters report that a Nvidia‑backed startup (Reflection) is seeking a large funding round signals continued investor appetite for NVDA‑adjacent AI ecosystems that can drive future software and services spend tied to NVIDIA hardware. Nvidia-backed Reflection AI eyes $25 billion valuation, WSJ reports
• Neutral Sentiment: Valuation narrative shifts: Several outlets note NVDA’s forward multiple has compressed (trading near S&P valuation levels), which can be read as either a buying opportunity or a signal that the market is discounting growth — the net impact depends on investor time horizon. Nvidia (NVDA) Stock Trades Below S&P 500 Valuation for First Time in Over a Decade
• Negative Sentiment: Regulatory/export risk: Senators have pushed to pause NVIDIA export licenses after DOJ charges in an alleged AI‑chip diversion/smuggling case — any tighter export controls would directly reduce addressable revenue from China and adjacent markets. Senators Push to Freeze Nvidia Export Licenses
• Negative Sentiment: Legal and reputational headwinds: A revived class‑action/lawsuit environment and separate suits tied to alleged undisclosed revenues or compliance issues increase near‑term legal risk and uncertainty for guidance/controls. Super Micro Computer Hit With Securities Fraud Lawsuit
• Negative Sentiment: Geopolitical/supply‑chain concentration: Analysts warn war risk (Iran/Taiwan tensions) could hit NVDA because most advanced GPUs are manufactured at TSMC in Taiwan; heightened geopolitical risk compresses multiples and prompts sectorwide selling. Nvidia Share Price Could Be Hit Hard By Iran War
• Negative Sentiment: Insider selling and short‑term uncertainty: Director share sales and vocal skeptics (media/pundits warning of dramatic downside) add to near‑term caution and can amplify momentum selling. NVIDIA Director Sells $38.5M in Stock

NVIDIA Stock Performance

Shares of NASDAQ:NVDA opened at $167.52 on Friday. The company has a current ratio of 3.91, a quick ratio of 3.24 and a debt-to-equity ratio of 0.05. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $212.19. The company has a market capitalization of $4.07 trillion, a price-to-earnings ratio of 34.19, a PEG ratio of 0.57 and a beta of 2.33. The firm's 50-day moving average is $183.42 and its 200 day moving average is $184.25.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings data on Wednesday, February 25th. The computer hardware maker reported $1.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.54 by $0.08. NVIDIA had a net margin of 55.60% and a return on equity of 97.37%. The business had revenue of $68.13 billion during the quarter, compared to the consensus estimate of $65.56 billion. During the same quarter last year, the firm earned $0.89 earnings per share. The firm's quarterly revenue was up 73.2% compared to the same quarter last year. Research analysts predict that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Wednesday, March 11th will be paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date of this dividend is Wednesday, March 11th. NVIDIA's dividend payout ratio (DPR) is currently 0.82%.

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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