NVIDIA Corporation $NVDA Stock Bought by First Citizens Bank & Trust Co.

Key Points

• First Citizens Bank & Trust increased its NVIDIA stake by 28.2% in the third quarter, adding 208,270 shares to reach 947,970 shares valued at about $216.5 million. NVIDIA represented 3% of the bank’s portfolio.
• Analyst sentiment was broadly positive: the stock had a consensus “Buy” rating and an average price target of $318.85, based on the article’s cited analyst data.
• NVIDIA’s latest reported quarterly results beat analyst expectations, with revenue up 105.9% year over year; the company also authorized a $150 billion share-repurchase program. Shares were reported down 9.3% in Friday trading.

First Citizens Bank & Trust Co. grew its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 28.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 947,970 shares of the computer hardware maker's stock after purchasing an additional 208,270 shares during the period. NVIDIA comprises approximately 3.0% of First Citizens Bank & Trust Co.'s investment portfolio, making the stock its 9th biggest holding. First Citizens Bank & Trust Co.'s holdings in NVIDIA were worth $216,497,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in NVDA. Fearless Solutions LLC dba Best Invest raised its holdings in NVIDIA by 9.0% in the 3rd quarter. Fearless Solutions LLC dba Best Invest now owns 13,065 shares of the computer hardware maker's stock valued at $2,984,000 after acquiring an additional 1,075 shares during the period. Roberts Wealth Advisors LLC boosted its holdings in shares of NVIDIA by 4.5% during the third quarter. Roberts Wealth Advisors LLC now owns 11,856 shares of the computer hardware maker's stock worth $2,708,000 after acquiring an additional 513 shares during the period. ASK Capital Investment Managers LLC bought a new stake in shares of NVIDIA during the third quarter worth approximately $637,000. My Personal CFO LLC grew its position in shares of NVIDIA by 5.6% in the third quarter. My Personal CFO LLC now owns 13,657 shares of the computer hardware maker's stock valued at $3,119,000 after purchasing an additional 722 shares during the last quarter. Finally, Succession Financial Inc. acquired a new position in shares of NVIDIA in the third quarter valued at approximately $495,000. Institutional investors own 65.27% of the company's stock.

Wall Street Analyst Weigh In

NVDA has been the topic of several recent research reports. TD Cowen reiterated a "buy" rating on shares of NVIDIA in a research report on Tuesday, August 18th. HSBC boosted their target price on shares of NVIDIA from $360.00 to $365.00 in a research report on Thursday, August 27th. Phillip Securities upped their price target on shares of NVIDIA from $285.00 to $300.00 and gave the company a "buy" rating in a research note on Monday, August 31st. Mizuho set a $315.00 price target on shares of NVIDIA and gave the stock an "outperform" rating in a research report on Thursday, August 27th. Finally, Raymond James Financial set a $515.00 price target on shares of NVIDIA and gave the stock a "strong-buy" rating in a research report on Thursday, August 27th. Five research analysts have rated the stock with a Strong Buy rating, forty-eight have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $318.85.

Insider Activity

In other news, CFO Colette Kress sold 34,918 shares of the stock in a transaction that occurred on Thursday, September 17th. The shares were sold at an average price of $219.05, for a total transaction of $7,648,787.90. Following the completion of the transaction, the chief financial officer directly owned 765,103 shares of the company's stock, valued at $167,595,812.15. This represents a 4.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Timothy Teter sold 30,460 shares of the firm's stock in a transaction that occurred on Monday, September 21st. The stock was sold at an average price of $222.80, for a total transaction of $6,786,488.00. Following the completion of the transaction, the executive vice president directly owned 2,687,660 shares of the company's stock, valued at approximately $598,810,648. This trade represents a 1.12% 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. Insiders sold a total of 1,766,118 shares of company stock valued at $399,450,353 over the last three months. Corporate insiders own 3.94% of the company's stock.

NVIDIA News Roundup

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Box expanded its partnership with NVIDIA, integrating NVIDIA’s Nemotron technology into new AI search and workflow tools—an example of continued enterprise demand for the company’s AI platform. Box expands Nvidia partnership
• Positive Sentiment: Ark Invest reportedly bought NVIDIA shares while selling AMD, and some commentators argue NVIDIA’s valuation looks more attractive after the recent retreat. These are supportive sentiment signals, not evidence that the broader concerns have eased. Cathie Wood buys Nvidia
• Neutral Sentiment: NVIDIA’s next major catalyst is its scheduled November 17 quarterly report. With investors focused on whether growth can exceed already-high expectations, the results and guidance may help determine the stock’s near-term direction. Nvidia investors need to watch Nov. 17
• Negative Sentiment: Election-related uncertainty is raising fears that data-center construction could slow or become more expensive. UBS estimates that delays could affect a substantial share of U.S. capacity planned for 2028 if construction pauses spread, threatening a key source of future chip demand. AI selloff and data-center concerns
• Negative Sentiment: Investors are also reassessing AI valuations and the scale and financing of infrastructure spending. The weakness has spread across chipmakers, and NVIDIA’s move below a widely watched technical support level may add to selling pressure. AI spending fears and financing risks
• Negative Sentiment: China-related headlines add geopolitical and compliance uncertainty: Chinese AI firm Moonshot has explored accessing Blackwell chips through European data centers, while House Republican leaders requested a closed-door briefing with CEO Jensen Huang following a report about an executive’s alleged links to Chinese intelligence. Moonshot seeks Nvidia chip access in Europe

NVIDIA Trading Down 9.3%

Shares of NVDA stock opened at $181.60 on Friday. The company has a current ratio of 4.59, a quick ratio of 3.85 and a debt-to-equity ratio of 0.14. NVIDIA Corporation has a 1-year low of $164.27 and a 1-year high of $243.37. The stock has a 50-day moving average of $220.63 and a 200-day moving average of $204.48. The stock has a market cap of $4.38 trillion, a price-to-earnings ratio of 22.96, a PEG ratio of 1.54 and a beta of 2.21.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its earnings results on Wednesday, August 26th. The computer hardware maker reported $2.22 EPS for the quarter, topping the consensus estimate of $2.09 by $0.13. NVIDIA had a return on equity of 96.04% and a net margin of 63.66%. The business had revenue of $96.22 billion during the quarter, compared to analysts' expectations of $92.27 billion. During the same quarter last year, the firm posted $1.05 earnings per share. The firm's revenue was up 105.9% on a year-over-year basis. On average, equities research analysts forecast that NVIDIA Corporation will post 9.30 earnings per share for the current year.

NVIDIA Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Thursday, September 10th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Thursday, September 10th. NVIDIA's dividend payout ratio (DPR) is presently 12.64%.

NVIDIA declared that its board has authorized a stock repurchase program on Monday, September 28th that permits the company to buy back $150 billion in outstanding shares. This repurchase authorization permits the computer hardware maker to buy up to 2.8% of its shares through open market purchases. Share repurchase programs are generally an indication that the company's board believes its shares are undervalued.

About NVIDIA

NVIDIA Corporation NASDAQ: NVDA is a technology company that designs graphics processing units (GPUs), accelerated computing platforms, networking products and related software. Its technologies support artificial intelligence, machine learning, scientific computing, data analytics, professional visualization and computer graphics.

The company's products include GeForce GPUs for gaming and personal computing, data center GPUs and systems for AI and high-performance computing, and networking solutions used to connect and manage large-scale computing infrastructure.

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