NVIDIA Corporation $NVDA Shares Sold by Citizens Business Bank

Key Points

• Citizens Business Bank reduced its NVIDIA position by 2%, selling 3,660 shares and retaining 174,957 shares valued at approximately $35 million. NVIDIA remains the bank’s third-largest holding and represents 5.3% of its portfolio.
• Wall Street remains broadly bullish, with a consensus “Buy” rating and an average price target of $324.34. NVIDIA recently surpassed earnings and revenue estimates, reporting $2.22 in EPS and $96.22 billion in quarterly revenue, up 105.9% year over year.
• NVIDIA insiders sold substantial shares under pre-arranged Rule 10b5-1 plans, including sales by EVP Timothy Teter and CFO Colette Kress; insiders sold 1.74 million shares worth roughly $392.7 million over the past 90 days.

Citizens Business Bank cut its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 2.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 174,957 shares of the computer hardware maker's stock after selling 3,660 shares during the period. NVIDIA accounts for 5.3% of Citizens Business Bank's investment portfolio, making the stock its 3rd largest holding. Citizens Business Bank's holdings in NVIDIA were worth $35,007,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Lifetime Wealth Management P.C. acquired a new stake in NVIDIA during the 4th quarter worth $26,000. Longview Financial Advisors Inc. purchased a new stake in NVIDIA in the first quarter valued at $27,000. Phillip James Consulting Co. acquired a new position in NVIDIA in the first quarter valued at $40,000. Syntax Research Inc. grew its holdings in shares of NVIDIA by 62.5% during the fourth quarter. Syntax Research Inc. now owns 260 shares of the computer hardware maker's stock worth $49,000 after purchasing an additional 100 shares during the last quarter. Finally, Frankly Finances LLC purchased a new position in shares of NVIDIA during the second quarter worth about $60,000. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NVDA has been the subject of several research reports. William Blair reissued an "outperform" rating on shares of NVIDIA in a report on Tuesday, June 2nd. HSBC raised their price target on NVIDIA from $360.00 to $365.00 in a research note on Thursday, August 27th. Piper Sandler initiated coverage on NVIDIA in a research report on Wednesday, September 9th. They set an "overweight" rating and a $300.00 price target on the stock. Wells Fargo & Company reiterated an "overweight" rating and issued a $315.00 price objective on shares of NVIDIA in a research note on Tuesday, August 11th. Finally, Oppenheimer set a $315.00 price objective on NVIDIA and gave the company an "outperform" rating in a report on Thursday, August 27th. Three investment analysts have rated the stock with a Strong Buy rating, fifty have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $324.34.

Insider Buying and Selling at NVIDIA

In other news, EVP Timothy S. Teter sold 30,000 shares of the stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $217.88, for a total transaction of $6,536,400.00. Following the completion of the transaction, the executive vice president directly owned 2,687,660 shares of the company's stock, valued at approximately $585,587,360.80. This represents a 1.10% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Colette Kress sold 34,918 shares of NVIDIA stock in a transaction that occurred on Thursday, September 17th. The shares were sold at an average price of $219.05, for a total value of $7,648,787.90. Following the completion of the sale, the chief financial officer owned 765,103 shares in the company, valued at approximately $167,595,812.15. This trade represents a 4.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 1,735,658 shares of company stock valued at $392,663,865. 3.94% of the stock is owned by corporate insiders.

More NVIDIA News

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: CEO Jensen Huang said NVIDIA expects to sell roughly twice as many chips next year, reinforcing expectations that hyperscaler spending on AI data centers remains strong. The forecast includes demand for GPUs, CPUs, networking equipment and complete server racks. Nvidia Chip Sales Could Double Next Year, CEO Jensen Huang Says
• Positive Sentiment: Analysts and market commentators increasingly view NVIDIA as attractively valued relative to its growth. Its scale, diversified AI exposure, high profitability and lower forward valuation multiple give it an advantage over peers such as Credo, while some estimates suggest revenue growth could remain near 70% in fiscal 2028. Credo vs. NVIDIA After Earnings
• Positive Sentiment: AI infrastructure demand is expanding beyond processors into high-bandwidth memory and optical networking. NVIDIA has identified memory and silicon photonics as potential bottlenecks and has committed capital and purchase agreements involving suppliers such as Coherent and Lumentum, signaling sustained demand throughout its supply chain.
• Positive Sentiment: New ecosystem activity supports NVIDIA’s long-term growth narrative. Cloud partner CoreWeave is deploying next-generation Vera Rubin clusters, while NVIDIA-backed Nscale filed for a U.S. IPO. NVIDIA technology is also being used in autonomous trading systems, quantum-computing research and planned enterprise augmented-reality products.
• Neutral Sentiment: Speculative initiatives, including potential orbital data centers with SpaceX and NVIDIA’s quantum-computing software, could create future demand but are unlikely to materially affect near-term revenue.
• Negative Sentiment: Investors remain alert to competition from Huawei’s planned 2027 Ascend chips, possible AI-spending deceleration, rising memory costs that could pressure gross margins, and the effects of higher interest rates. The stock’s elevated valuation and dependence on continued hyperscaler capital expenditure also leave it sensitive to disappointing guidance.

NVIDIA Price Performance

NVIDIA stock opened at $222.27 on Monday. The company has a debt-to-equity ratio of 0.14, a current ratio of 4.59 and a quick ratio of 3.85. The business has a 50 day simple moving average of $214.66 and a 200-day simple moving average of $204.44. NVIDIA Corporation has a 12 month low of $164.27 and a 12 month high of $236.54. The stock has a market capitalization of $5.36 trillion, a PE ratio of 28.10, a price-to-earnings-growth ratio of 1.72 and a beta of 2.22.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings data on Wednesday, August 26th. The computer hardware maker reported $2.22 earnings per share for the quarter, beating analysts' consensus estimates of $2.09 by $0.13. The firm had revenue of $96.22 billion for the quarter, compared to analyst estimates of $92.27 billion. NVIDIA had a net margin of 63.66% and a return on equity of 96.04%. NVIDIA's quarterly revenue was up 105.9% on a year-over-year basis. During the same period last year, the firm posted $1.05 EPS. Equities analysts predict that NVIDIA Corporation will post 9.25 earnings per share for the current year.

NVIDIA Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Thursday, September 10th will be given a $0.25 dividend. The ex-dividend date is Thursday, September 10th. This represents a $1.00 dividend on an annualized basis and a yield of 0.4%. NVIDIA's dividend payout ratio (DPR) is presently 12.64%.

NVIDIA Company Profile

NVIDIA Corporation is a technology company that designs accelerated computing platforms, graphics processors and related software. Its products are used for artificial intelligence, machine learning, high-performance computing, computer graphics, data-center applications and other workloads that benefit from parallel processing.

The company's offerings include GeForce graphics processing units (GPUs) and software for gaming and personal computers; data-center GPUs, systems and networking products; and professional visualization solutions for design, engineering, media and scientific applications.

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