NVIDIA Corporation $NVDA Shares Purchased by Canandaigua National Bank & Trust Co.

Canandaigua National Bank & Trust Co. grew its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 7.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 65,854 shares of the computer hardware maker’s stock after acquiring an additional 4,793 shares during the quarter. NVIDIA comprises about 1.1% of Canandaigua National Bank & Trust Co.’s holdings, making the stock its 17th largest position. Canandaigua National Bank & Trust Co.’s holdings in NVIDIA were worth $12,287,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of NVDA. KFG Wealth Management LLC raised its stake in NVIDIA by 0.8% during the third quarter. KFG Wealth Management LLC now owns 18,070 shares of the computer hardware maker’s stock worth $3,371,000 after purchasing an additional 150 shares during the period. Assenagon Asset Management S.A. increased its holdings in shares of NVIDIA by 23.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 21,026,183 shares of the computer hardware maker’s stock worth $3,923,065,000 after buying an additional 4,021,902 shares during the last quarter. Carolina Wealth Advisors LLC raised its position in shares of NVIDIA by 93.6% in the 3rd quarter. Carolina Wealth Advisors LLC now owns 1,822 shares of the computer hardware maker’s stock worth $340,000 after buying an additional 881 shares during the period. Traphagen Investment Advisors LLC boosted its holdings in NVIDIA by 2.4% in the third quarter. Traphagen Investment Advisors LLC now owns 34,528 shares of the computer hardware maker’s stock valued at $6,442,000 after acquiring an additional 803 shares during the last quarter. Finally, Friday Financial grew its position in NVIDIA by 8.3% during the third quarter. Friday Financial now owns 4,562 shares of the computer hardware maker’s stock valued at $851,000 after acquiring an additional 351 shares during the period. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Key NVIDIA News

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: U.S. review could pave way for H200 shipments to China — reports say the administration launched a review that might allow exports of Nvidia’s H200 AI chips to China, which would materially expand addressable demand and revenue prospects. US launches review of advanced Nvidia AI chip sales to China
• Positive Sentiment: Regulatory overhang removed on Intel tie-up — U.S. antitrust agencies cleared Nvidia’s investment in Intel, reducing a near-term regulatory risk and supporting strategic partnerships that could help scale production and go-to-market efforts. Nvidia-Intel deal cleared by US antitrust agencies
• Positive Sentiment: Analysts getting more bullish — several firms (Sanford C. Bernstein reiterated buy at $275, Truist raised its PT to $275, Zacks boosted EPS estimates) are lifting targets or confirming buys, helping technical momentum and positioning for upside. MarketScreener Latest Ratings
• Neutral Sentiment: Management clarifies OpenAI investment status — Jensen Huang said Nvidia has not yet funded its announced plan around OpenAI, which removes some rumor-driven uncertainty but leaves the timing and size of any investment unclear. Nvidia has not given OpenAI ‘a penny yet,’ CEO Huang tells Fox Business
• Negative Sentiment: Insider selling disclosed — long-time director Harvey Jones sold 250,000 shares (~$44M), a headline that can spook some investors even though large insiders often diversify. Nvidia director sells $44 million in stock

NVIDIA Stock Performance

NVDA opened at $180.99 on Friday. The company has a quick ratio of 3.71, a current ratio of 4.47 and a debt-to-equity ratio of 0.06. The firm has a market cap of $4.40 trillion, a PE ratio of 44.91, a P/E/G ratio of 0.85 and a beta of 2.29. The business has a fifty day simple moving average of $185.58 and a 200-day simple moving average of $174.93. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $212.19.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 earnings per share for the quarter, beating analysts’ consensus estimates of $1.23 by $0.07. NVIDIA had a return on equity of 99.24% and a net margin of 53.01%.The business had revenue of $57.01 billion during the quarter, compared to analyst estimates of $54.66 billion. During the same quarter last year, the company posted $0.81 EPS. NVIDIA’s revenue for the quarter was up 62.5% on a year-over-year basis. As a group, equities analysts predict 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. Investors of record on Thursday, December 4th will be given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. The ex-dividend date is Thursday, December 4th. NVIDIA’s dividend payout ratio is 0.99%.

Insider Activity

In other NVIDIA news, EVP Debora Shoquist sold 80,000 shares of the business’s stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $184.65, for a total transaction of $14,772,000.00. Following the sale, the executive vice president directly owned 1,574,443 shares of the company’s stock, valued at $290,720,899.95. The trade was a 4.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of the firm’s stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $181.01, for a total value of $13,575,750.00. Following the completion of the sale, the chief executive officer directly owned 70,258,203 shares of the company’s stock, valued at approximately $12,717,437,325.03. This trade represents a 0.11% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 2,163,974 shares of company stock worth $396,087,917. Company insiders own 4.17% of the company’s stock.

Wall Street Analyst Weigh In

NVDA has been the topic of a number of research reports. Cantor Fitzgerald restated an “overweight” rating and issued a $300.00 price objective on shares of NVIDIA in a report on Thursday, November 20th. Needham & Company LLC reiterated a “buy” rating and issued a $240.00 price target on shares of NVIDIA in a report on Thursday, November 20th. Seaport Global Securities boosted their target price on shares of NVIDIA from $100.00 to $140.00 and gave the stock a “sell” rating in a research report on Monday, November 17th. Raymond James Financial set a $272.00 price target on NVIDIA and gave the stock a “strong-buy” rating in a research note on Thursday, November 20th. Finally, New Street Research reiterated a “buy” rating and set a $307.00 price objective on shares of NVIDIA in a research note on Thursday, October 30th. Five equities research analysts have rated the stock with a Strong Buy rating, forty-five have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $262.14.

NVIDIA Company Profile

NVIDIA Corporation, founded in 1993 and headquartered in Santa Clara, California, is a global technology company that designs and develops graphics processing units (GPUs) and system-on-chip (SoC) technologies. Co-founded by Jensen Huang, who serves as president and chief executive officer, along with Chris Malachowsky and Curtis Priem, NVIDIA has grown from a graphics-focused chipmaker into a broad provider of accelerated computing hardware and software for multiple industries.

The company’s product portfolio spans discrete GPUs for gaming and professional visualization (marketed under the GeForce and NVIDIA RTX lines), high-performance data center accelerators used for AI training and inference (including widely adopted platforms such as the A100 and H100 series), and Tegra SoCs for automotive and edge applications.