NVIDIA Corporation $NVDA Shares Sold by BankPlus Trust Department

BankPlus Trust Department reduced its position in NVIDIA Corporation (NASDAQ:NVDA) by 14.0% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 52,342 shares of the computer hardware maker’s stock after selling 8,553 shares during the period. NVIDIA accounts for approximately 2.4% of BankPlus Trust Department’s investment portfolio, making the stock its 4th largest holding. BankPlus Trust Department’s holdings in NVIDIA were worth $8,270,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in NVDA. Kingstone Capital Partners Texas LLC grew its position in shares of NVIDIA by 267,959.7% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 382,373,765 shares of the computer hardware maker’s stock worth $64,976,521,000 after buying an additional 382,231,120 shares during the period. Nuveen LLC acquired a new stake in shares of NVIDIA during the 1st quarter worth approximately $15,089,414,000. Goldman Sachs Group Inc. grew its position in shares of NVIDIA by 123.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 187,995,213 shares of the computer hardware maker’s stock worth $20,374,921,000 after buying an additional 103,889,872 shares during the period. Amundi grew its stake in shares of NVIDIA by 16.0% during the first quarter. Amundi now owns 135,770,043 shares of the computer hardware maker’s stock worth $13,826,199,000 after purchasing an additional 18,733,431 shares during the period. Finally, Strs Ohio acquired a new stake in shares of NVIDIA during the first quarter worth $1,163,288,000. 65.27% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at NVIDIA

In other news, CEO Jen Hsun Huang sold 75,000 shares of the business’s stock in a transaction dated Wednesday, October 22nd. The stock was sold at an average price of $179.91, for a total value of $13,493,250.00. Following the sale, the chief executive officer directly owned 69,958,203 shares in the company, valued at $12,586,180,301.73. The trade was a 0.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Colette Kress sold 27,640 shares of the company’s stock in a transaction dated Tuesday, October 21st. The stock was sold at an average price of $181.42, for a total value of $5,014,448.80. Following the sale, the chief financial officer owned 2,855,762 shares in the company, valued at $518,092,342.04. The trade was a 0.96% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,726,577 shares of company stock worth $665,502,375. Corporate insiders own 4.17% of the company’s stock.

Analysts Set New Price Targets

NVDA has been the subject of a number of analyst reports. Daiwa Capital Markets lifted their price objective on NVIDIA from $165.00 to $205.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 17th. Jefferies Financial Group reaffirmed a “buy” rating and set a $220.00 price objective (up from $205.00) on shares of NVIDIA in a research note on Monday, September 29th. UBS Group set a $320.00 price objective on NVIDIA in a research note on Wednesday, October 15th. Oppenheimer reiterated an “outperform” rating and set a $225.00 target price (up from $200.00) on shares of NVIDIA in a report on Thursday, August 28th. Finally, Mizuho lifted their target price on NVIDIA from $205.00 to $225.00 and gave the stock an “outperform” rating in a report on Monday, October 13th. Five analysts have rated the stock with a Strong Buy rating, forty have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $222.23.

NVIDIA Stock Performance

Shares of NVIDIA stock opened at $186.26 on Monday. The firm has a market cap of $4.53 trillion, a price-to-earnings ratio of 53.07, a price-to-earnings-growth ratio of 1.34 and a beta of 2.12. The stock’s 50-day moving average is $179.46 and its 200-day moving average is $156.52. NVIDIA Corporation has a one year low of $86.62 and a one year high of $195.62. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 3.60.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, beating 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 company’s quarterly revenue was up 55.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. Equities 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 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 was Thursday, September 11th. NVIDIA’s payout ratio is 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.