NVIDIA Corporation $NVDA Holdings Cut by Citizens & Northern Corp

Citizens & Northern Corp lowered its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 7.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 88,057 shares of the computer hardware maker’s stock after selling 6,888 shares during the period. NVIDIA accounts for about 3.7% of Citizens & Northern Corp’s investment portfolio, making the stock its 7th biggest holding. Citizens & Northern Corp’s holdings in NVIDIA were worth $13,912,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Jacobsen Capital Management raised its position in shares of NVIDIA by 9.3% in the 2nd quarter. Jacobsen Capital Management now owns 48,983 shares of the computer hardware maker’s stock worth $7,739,000 after acquiring an additional 4,150 shares in the last quarter. Chokshi & Queen Wealth Advisors Inc grew its stake in NVIDIA by 14.3% in the second quarter. Chokshi & Queen Wealth Advisors Inc now owns 65,883 shares of the computer hardware maker’s stock valued at $10,409,000 after purchasing an additional 8,227 shares during the last quarter. Retirement Planning Group LLC raised its holdings in NVIDIA by 12.5% in the second quarter. Retirement Planning Group LLC now owns 50,809 shares of the computer hardware maker’s stock worth $8,027,000 after purchasing an additional 5,645 shares in the last quarter. D.A. Davidson & CO. lifted its position in shares of NVIDIA by 5.2% during the second quarter. D.A. Davidson & CO. now owns 1,056,205 shares of the computer hardware maker’s stock valued at $166,870,000 after buying an additional 52,602 shares during the last quarter. Finally, Blume Capital Management Inc. grew its position in shares of NVIDIA by 74.2% in the 2nd quarter. Blume Capital Management Inc. now owns 46,025 shares of the computer hardware maker’s stock worth $7,271,000 after buying an additional 19,603 shares during the last quarter. Institutional investors own 65.27% of the company’s stock.

NVIDIA Trading Up 1.8%

NVIDIA stock opened at $190.17 on Friday. The firm has a market cap of $4.62 trillion, a PE ratio of 54.18, a P/E/G ratio of 1.49 and a beta of 2.11. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $212.19. The stock’s 50 day simple moving average is $185.60 and its two-hundred day simple moving average is $165.95. 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 (NASDAQ:NVDA) last posted its 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 firm had revenue of $46.74 billion during the quarter, compared to analysts’ expectations of $45.65 billion. During the same period in the previous year, the business posted $0.68 EPS. The business’s revenue was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. Analysts anticipate 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. Stockholders of record on Thursday, September 11th were paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. The ex-dividend date of this dividend was Thursday, September 11th. NVIDIA’s dividend payout ratio is presently 1.14%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Jefferies Financial Group raised their target price on shares of NVIDIA from $220.00 to $240.00 and gave the company a “buy” rating in a research note on Tuesday, November 4th. The Goldman Sachs Group reissued a “buy” rating and issued a $240.00 price objective (up previously from $210.00) on shares of NVIDIA in a research report on Friday, October 31st. HSBC set a $320.00 target price on NVIDIA and gave the company a “buy” rating in a research report on Wednesday, October 15th. KeyCorp reissued an “overweight” rating and issued a $250.00 price target on shares of NVIDIA in a report on Friday. Finally, Susquehanna boosted their price target on NVIDIA from $210.00 to $230.00 and gave the stock a “positive” rating in a research note on Thursday. Five analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $239.15.

Insider Activity

In other NVIDIA news, CFO Colette Kress sold 27,640 shares of the stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $208.33, for a total transaction of $5,758,241.20. Following the transaction, the chief financial officer owned 2,828,122 shares in the company, valued at approximately $589,182,656.26. This represents a 0.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jen Hsun Huang sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $207.91, for a total value of $5,197,750.00. Following the completion of the sale, the chief executive officer directly owned 69,733,203 shares in the company, valued at approximately $14,498,230,235.73. The trade was a 0.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 3,251,577 shares of company stock worth $583,143,187. Corporate insiders own 4.17% of the company’s stock.

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.