Capital City Trust Co. FL cut its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 6.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 94,996 shares of the computer hardware maker's stock after selling 6,498 shares during the period. NVIDIA makes up 2.8% of Capital City Trust Co. FL's holdings, making the stock its 6th largest position. Capital City Trust Co. FL's holdings in NVIDIA were worth $10,296,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NVDA. Norges Bank bought a new stake in NVIDIA during the 4th quarter worth about $43,515,504,000. GAMMA Investing LLC lifted its position in NVIDIA by 12,173.2% during the 1st quarter. GAMMA Investing LLC now owns 48,837,781 shares of the computer hardware maker's stock worth $5,293,039,000 after buying an additional 48,439,859 shares in the last quarter. Northern Trust Corp lifted its position in NVIDIA by 15.8% during the 4th quarter. Northern Trust Corp now owns 266,454,194 shares of the computer hardware maker's stock worth $35,782,134,000 after buying an additional 36,266,817 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in NVIDIA by 204.6% during the 1st quarter. Assenagon Asset Management S.A. now owns 35,652,571 shares of the computer hardware maker's stock worth $3,864,026,000 after buying an additional 23,948,733 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in NVIDIA during the 4th quarter worth about $2,987,733,000. 65.27% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
NVDA has been the topic of several analyst reports. KeyCorp reissued an "overweight" rating and set a $230.00 price target (up from $215.00) on shares of NVIDIA in a research report on Thursday. Rosenblatt Securities raised their target price on shares of NVIDIA from $200.00 to $215.00 and gave the company a "buy" rating in a research note on Thursday. Truist Financial raised their target price on shares of NVIDIA from $210.00 to $228.00 and gave the company a "buy" rating in a research note on Thursday. TD Cowen raised their target price on shares of NVIDIA from $140.00 to $235.00 and gave the company a "buy" rating in a research note on Tuesday, August 19th. Finally, Raymond James Financial raised their target price on shares of NVIDIA from $150.00 to $165.00 and gave the company a "strong-buy" rating in a research note on Thursday, May 29th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, NVIDIA has an average rating of "Moderate Buy" and an average target price of $207.69.
Read Our Latest Stock Analysis on NVIDIA
NVIDIA Price Performance
NVIDIA stock traded down $5.99 during mid-day trading on Friday, reaching $174.18. The company had a trading volume of 242,604,296 shares, compared to its average volume of 168,293,824. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $184.48. The company has a current ratio of 4.21, a quick ratio of 2.96 and a debt-to-equity ratio of 0.08. The company has a market cap of $4.23 trillion, a P/E ratio of 49.62, a P/E/G ratio of 1.52 and a beta of 2.14. The business has a fifty day simple moving average of $170.83 and a 200 day simple moving average of $139.08.
NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its 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. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The firm had revenue of $46.74 billion for the quarter, compared to analyst estimates of $45.65 billion. During the same quarter last year, the business posted $0.68 earnings per share. The company's quarterly revenue was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. On average, equities research analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current year.
NVIDIA Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th will be given a $0.01 dividend. The ex-dividend date is 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 currently 1.14%.
Insider Buying and Selling at NVIDIA
In other news, EVP Ajay K. Puri sold 168,195 shares of NVIDIA stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $152.64, for a total transaction of $25,673,284.80. Following the transaction, the executive vice president owned 4,018,547 shares in the company, valued at approximately $613,391,014.08. The trade was a 4.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mark A. Stevens sold 935,000 shares of NVIDIA stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $140.92, for a total transaction of $131,760,200.00. Following the transaction, the director owned 9,214,697 shares in the company, valued at approximately $1,298,535,101.24. This trade represents a 9.21% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,862,440 shares of company stock worth $896,145,782 in the last three months. 4.17% of the stock is currently owned by company insiders.
NVIDIA Profile
(
Free Report)
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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