Amalgamated Bank Has $836.34 Million Stock Position in NVIDIA Corporation $NVDA

Amalgamated Bank boosted its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 2.1% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,293,649 shares of the computer hardware maker’s stock after buying an additional 106,404 shares during the quarter. NVIDIA makes up approximately 6.5% of Amalgamated Bank’s portfolio, making the stock its largest holding. Amalgamated Bank’s holdings in NVIDIA were worth $836,344,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC grew its stake in NVIDIA by 267,959.7% in 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 buying an additional 382,231,120 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in NVIDIA by 2.9% in 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 valued at $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% in 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 last quarter. Nuveen LLC purchased a new position in NVIDIA in the 1st quarter worth $15,089,414,000. Finally, Amundi boosted its holdings in NVIDIA by 16.0% during the 1st quarter. Amundi now owns 135,770,043 shares of the computer hardware maker’s stock valued at $13,826,199,000 after acquiring an additional 18,733,431 shares during the period. 65.27% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Jen Hsun Huang sold 25,000 shares of the stock in a transaction 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 sale, the chief executive officer owned 69,733,203 shares in the company, valued at $14,498,230,235.73. This represents a 0.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Colette Kress sold 27,640 shares of the firm’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 sale, the chief financial officer directly owned 2,828,122 shares in the company, valued at approximately $589,182,656.26. This trade represents a 0.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 3,252,203 shares of company stock valued at $583,255,504 in the last ninety days. Insiders own 4.17% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Wolfe Research raised their target price on NVIDIA from $230.00 to $250.00 and gave the stock an “outperform” rating in a research note on Thursday, November 20th. Barclays upped their target price on shares of NVIDIA from $240.00 to $275.00 and gave the stock an “overweight” rating in a research note on Thursday, November 20th. Needham & Company LLC reiterated a “buy” rating and set a $240.00 target price on shares of NVIDIA in a research note on Thursday, November 20th. Stifel Nicolaus boosted their price objective on NVIDIA from $212.00 to $250.00 and gave the company a “buy” rating in a research note on Tuesday, November 18th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $250.00 price target (up previously from $240.00) on shares of NVIDIA in a research note on Thursday, November 20th. Five analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $258.19.

NVIDIA Trading Up 1.4%

Shares of NASDAQ NVDA opened at $180.26 on Thursday. 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 stock has a market capitalization of $4.38 trillion, a P/E ratio of 51.36, a price-to-earnings-growth ratio of 1.49 and a beta of 2.11. The business has a fifty day moving average price of $186.82 and a 200 day moving average price of $169.74. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $212.19.

NVIDIA (NASDAQ:NVDA) last posted its earnings results 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. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The company had revenue of $57.01 billion during the quarter, compared to analysts’ expectations of $54.66 billion. During the same quarter in the prior year, the company posted $0.81 earnings per share. NVIDIA’s revenue for the quarter was up 62.5% compared to the same quarter last year. NVIDIA has set its Q4 2026 guidance at EPS. Equities research analysts expect that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Thursday, December 4th will be paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.0%. The ex-dividend date is Thursday, December 4th. NVIDIA’s payout ratio is presently 0.99%.

NVIDIA 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.