City State Bank Has $5.84 Million Stake in NVIDIA Corporation $NVDA

City State Bank lifted its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA) by 1.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 36,944 shares of the computer hardware maker’s stock after acquiring an additional 452 shares during the quarter. NVIDIA makes up about 1.8% of City State Bank’s portfolio, making the stock its 15th biggest holding. City State Bank’s holdings in NVIDIA were worth $5,837,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. Kingstone Capital Partners Texas LLC boosted its holdings 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. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in NVIDIA by 2.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 206,794,926 shares of the computer hardware maker’s stock worth $22,412,434,000 after acquiring an additional 5,896,735 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in NVIDIA by 123.5% during the first quarter. Goldman Sachs Group Inc. now owns 187,995,213 shares of the computer hardware maker’s stock worth $20,374,921,000 after acquiring an additional 103,889,872 shares during the last quarter. Nuveen LLC bought a new stake in shares of NVIDIA during the first quarter worth approximately $15,089,414,000. Finally, Amundi grew its position in shares of NVIDIA by 16.0% in the first quarter. Amundi now owns 135,770,043 shares of the computer hardware maker’s stock valued at $13,826,199,000 after purchasing an additional 18,733,431 shares during the last quarter. Institutional investors own 65.27% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Rothschild & Co Redburn boosted their price target on NVIDIA from $211.00 to $245.00 and gave the company a “buy” rating in a research note on Monday. Cantor Fitzgerald reissued an “overweight” rating and issued a $300.00 target price on shares of NVIDIA in a research report on Thursday. Daiwa Capital Markets upped their price target on shares of NVIDIA from $165.00 to $205.00 and gave the company an “outperform” rating in a research note on Wednesday, September 17th. Bank of America lifted their price objective on shares of NVIDIA from $235.00 to $275.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Finally, Raymond James Financial set a $272.00 target price on shares of NVIDIA in a research report on Thursday. Four research analysts have rated the stock with a Strong Buy rating, forty-five have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $256.21.

NVIDIA Price Performance

Shares of NASDAQ:NVDA opened at $180.98 on Friday. The firm has a 50 day moving average of $186.44 and a 200-day moving average of $167.58. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $212.19. The company has a current ratio of 4.21, a quick ratio of 3.60 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $4.40 trillion, a PE ratio of 51.56, a PEG ratio of 1.49 and a beta of 2.11.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Wednesday, November 19th. The computer hardware maker reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.23 by $0.07. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The business had revenue of $57.01 billion for the quarter, compared to analysts’ expectations of $54.66 billion. During the same period last year, the firm posted $0.81 earnings per share. The firm’s quarterly revenue was up 62.5% compared to the same quarter last year. NVIDIA has set its Q4 2026 guidance at EPS. On average, equities research analysts predict that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Stockholders of record on Thursday, December 4th will be issued a dividend of $0.01 per share. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. NVIDIA’s payout ratio is 1.14%.

Insider Activity

In related news, CEO Jen Hsun Huang sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $207.91, for a total value of $5,197,750.00. Following the sale, the chief executive officer directly owned 69,733,203 shares of the company’s stock, valued at $14,498,230,235.73. This trade represents a 0.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Colette Kress sold 27,640 shares of the business’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $208.33, for a total value of $5,758,241.20. Following the transaction, the chief financial officer directly owned 2,828,122 shares of the company’s stock, valued at approximately $589,182,656.26. The trade was a 0.97% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 3,251,577 shares of company stock worth $583,143,187 over the last ninety days. 4.17% of the stock is currently owned by insiders.

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.