Amarillo National Bank Purchases 48,101 Shares of NVIDIA Corporation $NVDA

Amarillo National Bank increased its position in shares of NVIDIA Corporation (NASDAQ:NVDA) by 523.3% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 57,292 shares of the computer hardware maker’s stock after buying an additional 48,101 shares during the period. NVIDIA accounts for 1.7% of Amarillo National Bank’s holdings, making the stock its 14th biggest holding. Amarillo National Bank’s holdings in NVIDIA were worth $9,052,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Pachira Investments Inc. increased its stake in NVIDIA by 1.0% in the second quarter. Pachira Investments Inc. now owns 6,450 shares of the computer hardware maker’s stock valued at $1,019,000 after purchasing an additional 63 shares in the last quarter. HFG Wealth Management LLC increased its stake in NVIDIA by 3.4% in the second quarter. HFG Wealth Management LLC now owns 2,075 shares of the computer hardware maker’s stock valued at $328,000 after purchasing an additional 68 shares in the last quarter. Hidden Cove Wealth Management LLC increased its stake in NVIDIA by 0.3% in the second quarter. Hidden Cove Wealth Management LLC now owns 23,778 shares of the computer hardware maker’s stock valued at $3,757,000 after purchasing an additional 69 shares in the last quarter. Burkett Financial Services LLC increased its stake in NVIDIA by 1.3% in the second 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. Finally, Guided Capital Wealth Management LLC increased its stake in NVIDIA by 0.3% in the second quarter. Guided Capital Wealth Management LLC now owns 27,858 shares of the computer hardware maker’s stock valued at $4,401,000 after purchasing an additional 70 shares in the last quarter. Institutional investors own 65.27% of the company’s stock.

Insider Activity at NVIDIA

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $185.79, for a total value of $13,934,250.00. Following the sale, the chief executive officer directly owned 70,858,203 shares in the company, valued at $13,164,745,535.37. This represents a 0.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Colette Kress sold 30,500 shares of the stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $176.40, for a total transaction of $5,380,200.00. Following the completion of the sale, the chief financial officer owned 2,883,402 shares in the company, valued at $508,632,112.80. This represents a 1.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,898,491 shares of company stock worth $686,333,234 over the last quarter. Corporate insiders own 4.17% of the company’s stock.

NVIDIA Stock Up 2.2%

NVDA opened at $189.11 on Thursday. The company’s 50-day moving average price is $178.67 and its two-hundred day moving average price is $149.57. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $191.05. 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 stock has a market cap of $4.60 trillion, a price-to-earnings ratio of 53.88, a PEG ratio of 1.34 and a beta of 2.12.

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

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th were paid a $0.01 dividend. The ex-dividend date was Thursday, September 11th. This represents a $0.04 annualized dividend and a yield of 0.0%. NVIDIA’s dividend payout ratio is currently 1.14%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. KeyCorp reaffirmed an “overweight” rating and issued a $250.00 price target (up from $230.00) on shares of NVIDIA in a research note on Tuesday, September 30th. Wall Street Zen raised shares of NVIDIA from a “hold” rating to a “buy” rating in a research report on Friday, September 5th. Robert W. Baird boosted their target price on shares of NVIDIA from $195.00 to $225.00 and gave the stock an “outperform” rating in a research report on Monday, August 25th. Needham & Company LLC reissued a “buy” rating and set a $200.00 target price on shares of NVIDIA in a research report on Thursday, August 28th. Finally, Mizuho boosted their target price on shares of NVIDIA from $192.00 to $205.00 and gave the stock an “outperform” rating in a research report on Thursday, August 14th. Four research analysts have rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, NVIDIA presently has an average rating of “Moderate Buy” and an average price target of $211.26.

About NVIDIA

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.