First National Trust Co Has $86.06 Million Stake in NVIDIA Corporation $NVDA

First National Trust Co cut its stake in NVIDIA Corporation (NASDAQ:NVDA) by 5.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 544,729 shares of the computer hardware maker’s stock after selling 31,852 shares during the period. NVIDIA accounts for approximately 3.2% of First National Trust Co’s investment portfolio, making the stock its 7th largest holding. First National Trust Co’s holdings in NVIDIA were worth $86,062,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Kingstone Capital Partners Texas LLC boosted its stake in 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 valued at $64,976,521,000 after purchasing an additional 382,231,120 shares during the period. Nuveen LLC bought a new stake in shares of NVIDIA during the first quarter valued at approximately $15,089,414,000. Goldman Sachs Group Inc. raised its holdings in shares of 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 valued at $20,374,921,000 after buying an additional 103,889,872 shares during the last quarter. Amundi boosted its position 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 buying an additional 18,733,431 shares during the period. Finally, Strs Ohio bought a new position in NVIDIA in the 1st quarter worth approximately $1,163,288,000. Institutional investors and hedge funds own 65.27% of the company’s stock.

Insider Buying and Selling

In other news, Director Mark A. Stevens sold 350,000 shares of NVIDIA stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $176.39, for a total value 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Jen Hsun Huang sold 75,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $177.57, for a total transaction of $13,317,750.00. Following the sale, the chief executive officer owned 72,248,366 shares in the company, valued at $12,829,142,350.62. This represents a 0.10% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 3,251,577 shares of company stock valued at $583,143,187. 4.17% of the stock is owned by corporate insiders.

NVIDIA Trading Down 1.0%

NVIDIA stock opened at $178.88 on Monday. The firm has a market cap of $4.35 trillion, a price-to-earnings ratio of 50.96, a price-to-earnings-growth ratio of 1.49 and a beta of 2.11. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $212.19. The firm’s 50 day moving average price is $186.46 and its two-hundred day moving average price is $168.77. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.60 and a current ratio of 4.21.

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

NVIDIA Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Investors of record on Thursday, December 4th will be given a $0.01 dividend. The ex-dividend date is Thursday, December 4th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. NVIDIA’s dividend payout ratio (DPR) is 0.99%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Bank of America lifted their target price on NVIDIA from $235.00 to $275.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Morgan Stanley lifted their price objective on shares of NVIDIA from $220.00 to $235.00 and gave the company an “overweight” rating in a research note on Thursday. Loop Capital upped their price objective on shares of NVIDIA from $250.00 to $350.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. UBS Group reissued a “buy” rating and set a $235.00 target price on shares of NVIDIA in a research note on Thursday. Finally, Daiwa Capital Markets increased their price target on NVIDIA from $165.00 to $205.00 and gave the company an “outperform” rating in a research note on Wednesday, September 17th. Four investment analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating, two have issued a Hold rating and one has given 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 price target of $257.79.

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.