Capital City Trust Co. FL Sells 13,938 Shares of NVIDIA Corporation $NVDA

Capital City Trust Co. FL reduced its position in NVIDIA Corporation (NASDAQ:NVDA) by 14.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 81,058 shares of the computer hardware maker’s stock after selling 13,938 shares during the quarter. NVIDIA comprises about 3.3% of Capital City Trust Co. FL’s investment portfolio, making the stock its 6th biggest position. Capital City Trust Co. FL’s holdings in NVIDIA were worth $12,806,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Astoria Portfolio Advisors LLC. increased its holdings in NVIDIA by 0.9% in the first quarter. Astoria Portfolio Advisors LLC. now owns 93,568 shares of the computer hardware maker’s stock valued at $9,610,000 after buying an additional 864 shares during the last quarter. Centerpoint Advisory Group raised its holdings in NVIDIA by 2.5% during the first quarter. Centerpoint Advisory Group now owns 39,398 shares of the computer hardware maker’s stock worth $4,270,000 after purchasing an additional 943 shares in the last quarter. GSB Wealth Management LLC increased its holdings in shares of NVIDIA by 3.3% in the first quarter. GSB Wealth Management LLC now owns 32,611 shares of the computer hardware maker’s stock valued at $3,534,000 after buying an additional 1,043 shares in the last quarter. Variant Private Wealth LLC increased its holdings in shares of NVIDIA by 20.6% in the first quarter. Variant Private Wealth LLC now owns 18,800 shares of the computer hardware maker’s stock valued at $2,038,000 after buying an additional 3,206 shares in the last quarter. Finally, Financial Perspectives Inc increased its holdings in shares of NVIDIA by 2.8% in the first quarter. Financial Perspectives Inc now owns 45,958 shares of the computer hardware maker’s stock valued at $4,981,000 after buying an additional 1,265 shares in the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on NVDA. JPMorgan Chase & Co. reissued a “buy” rating and set a $215.00 target price on shares of NVIDIA in a research note on Friday, September 19th. Needham & Company LLC restated a “buy” rating and set a $200.00 price target on shares of NVIDIA in a report on Thursday, August 28th. Loop Capital upped their price target on shares of NVIDIA from $175.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, June 25th. Arete upped their price objective on shares of NVIDIA from $235.00 to $244.00 and gave the company a “buy” rating in a research report on Tuesday, October 14th. Finally, KeyCorp reaffirmed an “overweight” rating and set a $250.00 price objective (up previously from $230.00) on shares of NVIDIA in a research report on Tuesday, September 30th. Five analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $222.23.

Insider Transactions at NVIDIA

In other news, Director Mark A. Stevens sold 350,000 shares of NVIDIA stock in a transaction on Friday, September 19th. The shares were sold at an average price of $176.39, for a total transaction of $61,736,500.00. Following the transaction, the director directly owned 7,399,803 shares of the company’s stock, valued at $1,305,251,251.17. This trade represents a 4.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of the business’s stock in a transaction on Monday, August 4th. The shares were sold at an average price of $178.16, for a total transaction of $13,362,000.00. Following the completion of the sale, the chief executive officer directly owned 73,523,225 shares in the company, valued at $13,098,897,766. This represents a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,753,937 shares of company stock valued at $669,548,776 over the last three months. 4.17% of the stock is currently owned by corporate insiders.

NVIDIA Stock Performance

Shares of NVIDIA stock opened at $180.28 on Thursday. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $195.62. The firm has a market cap of $4.38 trillion, a P/E ratio of 51.36, a P/E/G ratio of 1.31 and a beta of 2.12. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 3.60. The firm has a 50 day simple moving average of $179.34 and a 200 day simple moving average of $154.61.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data 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. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The firm had revenue of $46.74 billion for the quarter, compared to analysts’ expectations of $45.65 billion. During the same period last year, the firm earned $0.68 earnings per share. The business’s revenue for the quarter was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. Sell-side analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date of this dividend was Thursday, September 11th. NVIDIA’s dividend payout ratio (DPR) is currently 1.14%.

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.