NVIDIA Corporation $NVDA Stock Position Lessened by Central Bank & Trust Co.

Key Points

• Central Bank & Trust Co. reduced its NVIDIA stake by 2.2% in the third quarter, selling 7,941 shares and retaining 359,128 shares valued at approximately $82 million. NVIDIA remains the fund’s largest holding, representing 12.4% of its portfolio.
• Institutional investors own 65.27% of NVIDIA, with several firms increasing their positions during the quarter. However, company insiders sold 1.77 million shares worth roughly $399.5 million, including sales by CFO Colette Kress and EVP Timothy Teter under pre-arranged trading plans.
• NVIDIA reported strong quarterly results, with revenue rising 105.9% year over year to $96.22 billion and EPS exceeding estimates. The company also authorized a $150 billion share buyback, while analysts maintain a broadly bullish view with a consensus price target of $321.47.

Central Bank & Trust Co. lessened its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 2.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 359,128 shares of the computer hardware maker's stock after selling 7,941 shares during the period. NVIDIA accounts for 12.4% of Central Bank & Trust Co.'s investment portfolio, making the stock its biggest position. Central Bank & Trust Co.'s holdings in NVIDIA were worth $82,018,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. WoodTrust Financial Corp raised its stake in shares of NVIDIA by 8.5% in the third quarter. WoodTrust Financial Corp now owns 40,291 shares of the computer hardware maker's stock worth $9,201,000 after purchasing an additional 3,155 shares during the last quarter. Dakota Community Bank & Trust NA grew its position in shares of NVIDIA by 47.9% during the third quarter. Dakota Community Bank & Trust NA now owns 9,321 shares of the computer hardware maker's stock valued at $2,129,000 after purchasing an additional 3,018 shares in the last quarter. McNaughton Wealth Management LLC raised its holdings in shares of NVIDIA by 4.2% during the 3rd quarter. McNaughton Wealth Management LLC now owns 20,804 shares of the computer hardware maker's stock worth $4,751,000 after acquiring an additional 837 shares in the last quarter. Vilga Financial Planning LLC raised its position in NVIDIA by 3.1% during the third quarter. Vilga Financial Planning LLC now owns 24,214 shares of the computer hardware maker's stock valued at $5,530,000 after purchasing an additional 727 shares during the period. Finally, Chapin Davis Inc. lifted its position in shares of NVIDIA by 1.5% during the third quarter. Chapin Davis Inc. now owns 61,409 shares of the computer hardware maker's stock worth $14,025,000 after purchasing an additional 928 shares during the last quarter. Institutional investors own 65.27% of the company's stock.

Key NVIDIA News

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: NVIDIA’s strong earnings, expanding margins and outlook for roughly 70% revenue growth in fiscal 2028 continue to support the bullish case. Analysts argue that AI demand remains supply-constrained and that the company’s latest guidance exceeded expectations. NVIDIA’s AI Dominance Could Have Further to Run
• Positive Sentiment: The company is broadening its role beyond GPUs by offering complete AI-factory architectures, networking, software and edge systems. Expanded collaborations with Microsoft, Meta, Oracle and other partners could increase NVIDIA’s share of customers’ overall AI infrastructure budgets. How AI Factory Expansion Will Impact NVIDIA Investors
• Positive Sentiment: Commentary highlighting AI demand, pricing power and NVIDIA’s strategic investments in networking, software and AI companies provides potential long-term catalysts. Wall Street analyst sentiment remains broadly favorable despite the recent correction. NVIDIA Stock: Analyst Estimates and Ratings

Insider Transactions at NVIDIA

In related news, CFO Colette Kress sold 34,918 shares of the firm's stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of $219.05, for a total value 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 trade represents a 4.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Timothy S. Teter sold 30,460 shares of the stock in a transaction that occurred on Monday, September 21st. The shares were sold at an average price of $222.80, for a total transaction of $6,786,488.00. Following the completion of the sale, the executive vice president owned 2,687,660 shares in the company, valued at $598,810,648. This 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. In the last quarter, insiders sold 1,766,118 shares of company stock worth $399,450,353. Company insiders own 3.94% of the company's stock.

NVIDIA Stock Performance

Shares of NASDAQ NVDA opened at $204.64 on Monday. The stock has a fifty day simple moving average of $221.74 and a 200-day simple moving average of $204.24. 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 twelve month low of $164.27 and a twelve month high of $243.37. The stock has a market capitalization of $4.93 trillion, a PE ratio of 25.87, a PEG ratio of 1.57 and a beta of 2.21.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings results on Wednesday, August 26th. The computer hardware maker reported $2.22 earnings per share 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 company had revenue of $96.22 billion for the quarter, compared to the consensus estimate of $92.27 billion. During the same quarter in the prior year, the business earned $1.05 EPS. NVIDIA's revenue was up 105.9% on a year-over-year basis. On average, equities analysts forecast that NVIDIA Corporation will post 9.30 earnings per share for the current year.

NVIDIA announced that its board has initiated a share buyback program on Monday, September 28th that allows the company to repurchase $150 billion in outstanding shares. This buyback authorization allows the computer hardware maker to reacquire up to 2.8% of its stock through open market purchases. Share buyback programs are generally a sign that the company's management believes its shares are undervalued.

NVIDIA Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Thursday, September 10th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Thursday, September 10th. NVIDIA's dividend payout ratio (DPR) is 12.64%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on NVDA shares. The Goldman Sachs Group restated a "buy" rating on shares of NVIDIA in a research note on Wednesday, October 21st. Wall Street Zen lowered NVIDIA from a "strong-buy" rating to a "buy" rating in a research report on Saturday, October 24th. Citigroup reaffirmed a "buy" rating and set a $315.00 target price (up from $300.00) on shares of NVIDIA in a report on Thursday, August 27th. Wedbush upped their price objective on shares of NVIDIA from $330.00 to $345.00 and gave the stock an "outperform" rating in a research report on Thursday, August 27th. Finally, Oppenheimer set a $315.00 target price on shares of NVIDIA and gave the company an "outperform" rating in a research report on Thursday, August 27th. Five analysts have rated the stock with a Strong Buy rating, forty-nine have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $321.47.

NVIDIA Company Profile

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.

Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Corporation (NASDAQ:NVDA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.