NVIDIA Corporation $NVDA Stock Purchased by Rockland Trust Co.

Key Points

• Rockland Trust increased its NVIDIA stake by 6.4% in the third quarter, purchasing 21,664 additional shares for a total of 361,309 shares valued at approximately $82.5 million. NVIDIA now represents 3.2% of the firm’s portfolio.
• Institutional investors and hedge funds own 65.27% of NVIDIA, while insiders sold approximately $399.5 million worth of shares over the past three months.
• Analyst sentiment remains bullish: NVIDIA has a consensus “Buy” rating and a $321.47 target price. The company also reported quarterly revenue growth of 105.9% year over year and authorized a $150 billion share-repurchase program.

Rockland Trust Co. boosted its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 6.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 361,309 shares of the computer hardware maker's stock after buying an additional 21,664 shares during the period. NVIDIA comprises 3.2% of Rockland Trust Co.'s investment portfolio, making the stock its 7th largest holding. Rockland Trust Co.'s holdings in NVIDIA were worth $82,516,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Montgomery Financial Services LLC acquired a new stake in NVIDIA during the 2nd quarter valued at $28,000. Longview Financial Advisors Inc. acquired a new stake in shares of NVIDIA in the first quarter worth $27,000. Phillip James Consulting Co. acquired a new stake in shares of NVIDIA in the first quarter worth $40,000. Bard Associates Inc. boosted its position in shares of NVIDIA by 8,866.7% in the second quarter. Bard Associates Inc. now owns 269 shares of the computer hardware maker's stock worth $54,000 after buying an additional 266 shares during the period. Finally, Frankly Finances LLC purchased a new position in shares of NVIDIA during the second quarter valued at $60,000. Institutional investors and hedge funds own 65.27% of the company's stock.

Trending Headlines about NVIDIA

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: SpaceX reportedly committed up to $40 billion in financing for NVIDIA’s Vera Rubin processors, with deliveries expected in 2027. SpaceX’s plans to build at least 10 gigawatts of computing capacity could create substantial long-term demand for NVIDIA hardware. Elon Musk and SpaceX Just Delivered Incredible News to Nvidia
• Positive Sentiment: Anthropic’s IPO filing highlighted approximately $224.5 billion in non-cancelable compute agreements with Amazon and Alphabet. The commitments reinforce expectations for sustained hyperscaler spending on NVIDIA GPUs and other AI infrastructure, despite Anthropic’s reported accounting-driven loss. Anthropic's IPO Filing Reveals a Massive Opportunity for AI Infrastructure Giants
• Positive Sentiment: Demand indicators remain strong: GPU rental prices have risen sharply, including for older chips, while NVIDIA is expanding beyond data centers through a self-driving partnership with Mercedes-Benz and an industrial AI collaboration with Honeywell and Dell. Nvidia Just Doubled Down on Self-Driving Cars With Mercedes
• Neutral Sentiment: Analyst sentiment remains overwhelmingly bullish, with reports citing a 98% buy-rating rate and continued confidence in NVIDIA’s triple-digit revenue growth. However, the shares remain below their 50-day moving average while trading above the 200-day average, reflecting both strong long-term momentum and near-term volatility.
• Negative Sentiment: Credit-market pressure could slow AI data-center construction and reduce GPU purchases by highly leveraged neocloud operators. Analysts also warn of infrastructure bottlenecks, while Broadcom’s custom AI chips and open Ethernet alternatives could gradually challenge NVIDIA’s ecosystem and InfiniBand position. Seaport Reiterates Sell Rating On Nvidia Stock Over Data Center Infrastructure Bottlenecks

Insider Transactions at NVIDIA

In related news, Director Mark A. Stevens sold 622,239 shares of the stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $231.62, for a total value of $144,122,997.18. Following the transaction, the director owned 2,336,531 shares in the company, valued at approximately $541,187,310.22. This represents a 21.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Timothy S. Teter sold 30,460 shares of the firm's 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 transaction, the executive vice president directly owned 2,687,660 shares in the company, valued at approximately $598,810,648. The trade was a 1.12% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 1,766,118 shares of company stock valued at $399,450,353 in the last three months. Corporate insiders own 3.94% of the company's stock.

Analyst Upgrades and Downgrades

NVDA has been the topic of several recent analyst reports. Raymond James Financial set a $515.00 price target on NVIDIA and gave the company a "strong-buy" rating in a research report on Thursday, August 27th. Rothschild & Co Redburn raised their price objective on NVIDIA from $300.00 to $325.00 in a research report on Thursday, August 27th. Phillip Securities raised their price objective on NVIDIA from $285.00 to $300.00 and gave the stock a "buy" rating in a research report on Monday, August 31st. Oppenheimer set a $315.00 target price on NVIDIA and gave the company an "outperform" rating in a research note on Thursday, August 27th. Finally, Citigroup reiterated a "buy" rating and issued a $315.00 target price (up from $300.00) on shares of NVIDIA in a report on Thursday, August 27th. Five investment analysts have rated the stock with a Strong Buy rating, forty-nine have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, NVIDIA has an average rating of "Buy" and a consensus target price of $321.47.

NVIDIA Price Performance

Shares of NASDAQ:NVDA opened at $216.00 on Tuesday. 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 business has a fifty day simple moving average of $222.48 and a 200 day simple moving average of $203.56. The firm has a market cap of $5.21 trillion, a price-to-earnings ratio of 27.31, a P/E/G ratio of 1.62 and a beta of 2.22.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings data on Wednesday, August 26th. The computer hardware maker reported $2.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.09 by $0.13. NVIDIA had a return on equity of 96.04% and a net margin of 63.66%. The firm 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 earned $1.05 earnings per share. The business's revenue for the quarter was up 105.9% on a year-over-year basis. As a group, sell-side analysts predict that NVIDIA Corporation will post 9.30 earnings per share for the current fiscal year.

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

NVIDIA Announces Dividend

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

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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