Central Bank & Trust Co. Sells 183,589 Shares of NVIDIA Corporation $NVDA

Central Bank & Trust Co. reduced its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 30.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 427,888 shares of the computer hardware maker’s stock after selling 183,589 shares during the period. NVIDIA makes up about 11.1% of Central Bank & Trust Co.’s investment portfolio, making the stock its largest position. Central Bank & Trust Co.’s holdings in NVIDIA were worth $67,602,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Astoria Portfolio Advisors LLC. grew its holdings in shares of NVIDIA by 0.9% during the 1st quarter. Astoria Portfolio Advisors LLC. now owns 93,568 shares of the computer hardware maker’s stock worth $9,610,000 after purchasing an additional 864 shares in the last quarter. Centerpoint Advisory Group raised its position in NVIDIA by 2.5% in the 1st quarter. Centerpoint Advisory Group now owns 39,398 shares of the computer hardware maker’s stock valued at $4,270,000 after purchasing an additional 943 shares during the last quarter. GSB Wealth Management LLC raised its position in NVIDIA by 3.3% in 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 purchasing an additional 1,043 shares during the last quarter. Variant Private Wealth LLC raised its position in NVIDIA by 20.6% in the 1st quarter. Variant Private Wealth LLC now owns 18,800 shares of the computer hardware maker’s stock valued at $2,038,000 after purchasing an additional 3,206 shares during the last quarter. Finally, Financial Perspectives Inc raised its position in shares of NVIDIA by 2.8% during the first quarter. Financial Perspectives Inc now owns 45,958 shares of the computer hardware maker’s stock worth $4,981,000 after acquiring an additional 1,265 shares during the last quarter. 65.27% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

NVDA has been the subject of a number of recent research reports. Wedbush restated an “outperform” rating and set a $210.00 target price on shares of NVIDIA in a research report on Thursday, August 28th. Sanford C. Bernstein reissued an “outperform” rating and issued a $225.00 target price (up from $185.00) on shares of NVIDIA in a research note on Thursday, August 28th. Bank of America boosted their target price on NVIDIA from $220.00 to $235.00 and gave the company a “buy” rating in a research note on Thursday, August 28th. UBS Group boosted their target price on NVIDIA from $175.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, August 21st. Finally, Needham & Company LLC reissued a “buy” rating and issued a $200.00 target price on shares of NVIDIA in a research note on Thursday, August 28th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-six have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $208.47.

NVIDIA Price Performance

Shares of NASDAQ NVDA opened at $176.67 on Monday. The firm has a market cap of $4.29 trillion, a P/E ratio of 50.33, a price-to-earnings-growth ratio of 1.28 and a beta of 2.10. 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 1-year low of $86.62 and a 1-year high of $184.48. The business’s 50 day moving average is $175.73 and its 200-day moving average is $143.85.

NVIDIA (NASDAQ:NVDA) last announced its earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.04. The company had revenue of $46.74 billion for the quarter, compared to analyst estimates of $45.65 billion. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The firm’s quarterly revenue was up 55.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.68 earnings per share. 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 year.

NVIDIA Dividend Announcement

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

Insider Transactions at NVIDIA

In related news, Director Mark A. Stevens sold 297,797 shares of the firm’s stock in a transaction on Friday, September 12th. The stock was sold at an average price of $178.19, for a total transaction of $53,064,447.43. Following the completion of the transaction, the director directly owned 7,749,803 shares of the company’s stock, valued at $1,380,937,396.57. This trade represents a 3.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Colette Kress sold 20,000 shares of the firm’s stock in a transaction on Friday, September 19th. The stock was sold at an average price of $176.40, for a total value of $3,528,000.00. Following the transaction, the chief financial officer directly owned 143,060 shares of the company’s stock, valued at approximately $25,235,784. This represents a 12.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 3,914,341 shares of company stock worth $662,228,310. Insiders own 4.17% of the company’s stock.

NVIDIA 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.