Canandaigua National Trust Co of Florida Boosts Holdings in NVIDIA Corporation $NVDA

Canandaigua National Trust Co of Florida boosted its position in shares of NVIDIA Corporation (NASDAQ:NVDA) by 5.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,866 shares of the computer hardware maker’s stock after acquiring an additional 668 shares during the period. NVIDIA accounts for 1.4% of Canandaigua National Trust Co of Florida’s holdings, making the stock its 14th biggest position. Canandaigua National Trust Co of Florida’s holdings in NVIDIA were worth $2,033,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Burkett Financial Services LLC increased its stake in NVIDIA by 1.3% during the 2nd quarter. Burkett Financial Services LLC now owns 5,450 shares of the computer hardware maker’s stock valued at $861,000 after purchasing an additional 70 shares in the last quarter. Elevate Wealth Advisory Inc. grew its position in NVIDIA by 1.7% during the first quarter. Elevate Wealth Advisory Inc. now owns 4,617 shares of the computer hardware maker’s stock valued at $500,000 after buying an additional 77 shares during the period. Earnest Partners LLC grew its position in NVIDIA by 0.7% during the first quarter. Earnest Partners LLC now owns 11,334 shares of the computer hardware maker’s stock valued at $1,228,000 after buying an additional 81 shares during the period. Retirement Wealth Solutions LLC grew its position in NVIDIA by 2.0% during the second quarter. Retirement Wealth Solutions LLC now owns 4,172 shares of the computer hardware maker’s stock valued at $659,000 after buying an additional 81 shares during the period. Finally, High Note Wealth LLC grew its position in shares of NVIDIA by 0.5% in the first quarter. High Note Wealth LLC now owns 17,873 shares of the computer hardware maker’s stock valued at $1,937,000 after purchasing an additional 91 shares during the period. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Insider Buying and Selling at NVIDIA

In related news, CFO Colette Kress sold 30,500 shares of the stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $176.40, for a total value of $5,380,200.00. Following the sale, the chief financial officer directly owned 2,883,402 shares of the company’s stock, valued at approximately $508,632,112.80. This represents a 1.05% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mark A. Stevens sold 297,797 shares of the stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $178.19, for a total transaction of $53,064,447.43. Following the completion of the sale, the director directly owned 7,749,803 shares in the company, valued at approximately $1,380,937,396.57. The trade was a 3.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,020,022 shares of company stock valued at $677,418,500 in the last quarter. Insiders own 4.17% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Sanford C. Bernstein reissued an “outperform” rating and issued a $225.00 price target (up from $185.00) on shares of NVIDIA in a research note on Thursday, August 28th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $200.00 target price on shares of NVIDIA in a research note on Wednesday, August 27th. Morgan Stanley lifted their target price on shares of NVIDIA from $206.00 to $210.00 and gave the stock an “overweight” rating in a research note on Thursday, August 28th. Barclays lifted their target price on shares of NVIDIA from $170.00 to $200.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 17th. Finally, UBS Group lifted their target price on shares of NVIDIA from $175.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, August 21st. Four analysts have rated the stock with a Strong Buy rating, thirty-six have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, NVIDIA presently has an average rating of “Moderate Buy” and an average target price of $208.47.

NVIDIA Stock Performance

Shares of NVDA opened at $176.67 on Friday. The company has a 50-day simple moving average of $175.73 and a 200-day simple moving average of $143.44. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $4.29 trillion, a PE ratio of 50.33, a P/E/G ratio of 1.27 and a beta of 2.10. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $184.48.

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

NVIDIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Thursday, September 11th will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. The ex-dividend date of this dividend is Thursday, September 11th. NVIDIA’s dividend payout ratio is presently 1.14%.

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.