NVIDIA Corporation $NVDA is City Holding Co.'s 9th Largest Position

Key Points

• City Holding Co. increased its stake in NVIDIA Corporation by 5.3%, owning 100,035 shares that account for about 2.1% of its total holdings, making it the fund's 9th largest position.
• NVIDIA reported strong financial results with $1.05 earnings per share, exceeding analysts' expectations, and a year-over-year revenue increase of 55.6% to $46.74 billion.
• The stock experienced a decline of 4.9%, with a market capitalization of $4.45 trillion, while analysts have various price targets ranging up to $300.00 per share, reflecting overall confidence in NVIDIA’s growth potential.

City Holding Co. boosted its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 5.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 100,035 shares of the computer hardware maker's stock after buying an additional 5,058 shares during the quarter. NVIDIA makes up about 2.1% of City Holding Co.'s holdings, making the stock its 9th largest position. City Holding Co.'s holdings in NVIDIA were worth $15,804,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of NVDA. Kathleen S. Wright Associates Inc. boosted its holdings in shares of NVIDIA by 169.3% in the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock worth $44,000 after acquiring an additional 254 shares during the period. Barnes Dennig Private Wealth Management LLC bought a new position in shares of NVIDIA in the first quarter worth $51,000. Bruce G. Allen Investments LLC boosted its holdings in shares of NVIDIA by 198.2% in the first quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock worth $53,000 after acquiring an additional 327 shares during the period. Legend Financial Advisors Inc. bought a new position in shares of NVIDIA in the second quarter worth $55,000. Finally, Campbell Capital Management Inc. boosted its holdings in shares of NVIDIA by 5,900.0% in the first quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker's stock worth $65,000 after acquiring an additional 590 shares during the period. 65.27% of the stock is owned by hedge funds and other institutional investors.

NVIDIA Trading Down 4.9%

NASDAQ NVDA opened at $183.16 on Monday. The stock's 50-day simple moving average is $179.16 and its two-hundred day simple moving average is $151.02. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $195.62. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $4.45 trillion, a price-to-earnings ratio of 52.18, a PEG ratio of 1.32 and a beta of 2.12.

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

NVIDIA Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th were issued a $0.01 dividend. The ex-dividend date was Thursday, September 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. NVIDIA's payout ratio is currently 1.14%.

Analyst Ratings Changes

NVDA has been the subject of a number of analyst reports. Loop Capital raised 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. Benchmark lifted their price objective on NVIDIA from $190.00 to $220.00 and gave the company a "buy" rating in a research note on Thursday, August 28th. JPMorgan Chase & Co. reissued a "buy" rating and set a $215.00 price objective on shares of NVIDIA in a research note on Friday, September 19th. DA Davidson raised NVIDIA from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $195.00 to $210.00 in a research note on Thursday, September 11th. Finally, Cantor Fitzgerald set a $300.00 price objective on NVIDIA and gave the company an "overweight" rating in a research note on Thursday. Four investment analysts have rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $212.84.

Insider Transactions at NVIDIA

In other news, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $178.16, for a total value of $13,362,000.00. Following the transaction, the chief executive officer owned 73,523,225 shares in the company, valued at approximately $13,098,897,766. The trade was a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Harvey C. Jones sold 250,000 shares of NVIDIA stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $176.21, for a total value of $44,052,500.00. Following the completion of the transaction, the director owned 7,183,280 shares in the company, valued at approximately $1,265,765,768.80. This represents a 3.36% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,801,587 shares of company stock worth $673,950,484. Company insiders own 4.17% of the company's stock.

NVIDIA Profile

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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