NVIDIA Corporation $NVDA Stake Raised by Community Trust & Investment Co.

Key Points

• Community Trust & Investment Co. increased its stake in NVIDIA Corporation by 9.6%, owning 679,856 shares valued at approximately $107.4 million.
• NVIDIA reported earnings of $1.05 per share for the last quarter, surpassing analysts' expectations and showing a 55.6% year-over-year revenue increase to $46.74 billion.
• The company recently declared a quarterly dividend of $0.01 per share, with a 0.0% annual yield and a dividend payout ratio of 1.14%.

Community Trust & Investment Co. lifted its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 9.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 679,856 shares of the computer hardware maker's stock after purchasing an additional 59,499 shares during the quarter. NVIDIA comprises about 6.2% of Community Trust & Investment Co.'s investment portfolio, making the stock its 2nd largest position. Community Trust & Investment Co.'s holdings in NVIDIA were worth $107,410,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in the stock. Astoria Portfolio Advisors LLC. increased its position in shares of NVIDIA by 0.9% in the first quarter. Astoria Portfolio Advisors LLC. now owns 93,568 shares of the computer hardware maker's stock valued at $9,610,000 after buying an additional 864 shares in the last quarter. Centerpoint Advisory Group increased its holdings in NVIDIA by 2.5% during the 1st quarter. Centerpoint Advisory Group now owns 39,398 shares of the computer hardware maker's stock valued at $4,270,000 after acquiring an additional 943 shares in the last quarter. GSB Wealth Management LLC increased its holdings in NVIDIA by 3.3% during the 1st quarter. GSB Wealth Management LLC now owns 32,611 shares of the computer hardware maker's stock valued at $3,534,000 after acquiring an additional 1,043 shares in the last quarter. Variant Private Wealth LLC raised its position in NVIDIA by 20.6% during the first quarter. Variant Private Wealth LLC now owns 18,800 shares of the computer hardware maker's stock worth $2,038,000 after acquiring an additional 3,206 shares during the last quarter. Finally, Financial Perspectives Inc lifted its holdings in shares of NVIDIA by 2.8% in the first quarter. Financial Perspectives Inc now owns 45,958 shares of the computer hardware maker's stock valued at $4,981,000 after purchasing an additional 1,265 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on NVDA. Jefferies Financial Group reissued a "buy" rating on shares of NVIDIA in a research note on Friday, September 12th. The Goldman Sachs Group reiterated a "buy" rating and set a $200.00 target price on shares of NVIDIA in a report on Wednesday, August 27th. Phillip Securities raised NVIDIA from a "moderate buy" rating to a "strong-buy" rating in a report on Monday, July 14th. Raymond James Financial increased their price objective on NVIDIA from $150.00 to $165.00 and gave the company a "strong-buy" rating in a research note on Thursday, May 29th. Finally, Benchmark lifted their price objective on NVIDIA from $190.00 to $220.00 and gave the stock a "buy" rating in a research report on Thursday, August 28th. Four research analysts have rated the stock with a Strong Buy rating, thirty-six have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $209.82.

NVIDIA Stock Performance

NASDAQ NVDA opened at $177.69 on Friday. The business's 50-day moving average price is $176.48 and its 200 day moving average price is $145.30. The company has a current ratio of 4.21, a quick ratio of 3.60 and a debt-to-equity ratio of 0.08. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $184.55. The company has a market capitalization of $4.32 trillion, a PE ratio of 50.62, a price-to-earnings-growth ratio of 1.28 and a beta of 2.10.

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

NVIDIA Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th will be paid a dividend of $0.01 per share. The ex-dividend date of this dividend 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%.

Insiders Place Their Bets

In other NVIDIA news, Director Harvey C. Jones sold 250,000 shares of NVIDIA stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $176.21, for a total value of $44,052,500.00. Following the transaction, the director owned 7,183,280 shares in the company, valued at $1,265,765,768.80. This trade represents a 3.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Mark A. Stevens sold 350,000 shares of the company's stock in a transaction on Friday, September 19th. The stock was sold at an average price of $176.39, for a total value of $61,736,500.00. Following the sale, the director owned 7,399,803 shares of the company's stock, valued at approximately $1,305,251,251.17. The trade was a 4.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 4,176,470 shares of company stock valued at $720,979,162 over the last quarter. Company insiders own 4.17% of the company's stock.

NVIDIA Company 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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