3,869 NVIDIA Corporation $NVDA Shares Purchased by Grove Bank & Trust

Grove Bank & Trust boosted its position in NVIDIA Corporation (NASDAQ:NVDA) by 3.4% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 118,102 shares of the computer hardware maker’s stock after acquiring an additional 3,869 shares during the quarter. NVIDIA makes up 2.7% of Grove Bank & Trust’s investment portfolio, making the stock its 8th biggest position. Grove Bank & Trust’s holdings in NVIDIA were worth $26,972,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jupiter Topco LLC acquired a new position in shares of NVIDIA in the second quarter worth about $16,156,076,000. Van ECK Associates Corp boosted its holdings in NVIDIA by 34.7% in the second quarter. Van ECK Associates Corp now owns 75,849,721 shares of the computer hardware maker’s stock valued at $15,176,771,000 after purchasing an additional 19,522,304 shares during the last quarter. State Street Corp grew its stake in NVIDIA by 1.6% during the 2nd quarter. State Street Corp now owns 1,009,783,437 shares of the computer hardware maker’s stock valued at $202,047,568,000 after purchasing an additional 15,897,836 shares in the last quarter. Amundi grew its stake in NVIDIA by 10.4% during the 1st quarter. Amundi now owns 133,768,018 shares of the computer hardware maker’s stock valued at $23,329,141,000 after purchasing an additional 12,575,177 shares in the last quarter. Finally, Nykredit A S acquired a new stake in NVIDIA during the 2nd quarter valued at approximately $2,315,956,000. 65.27% of the stock is owned by hedge funds and other institutional investors.

NVIDIA Stock Performance

NVDA stock opened at $204.64 on Friday. The company has a current ratio of 4.59, a quick ratio of 3.85 and a debt-to-equity ratio of 0.14. The firm has a market cap of $4.93 trillion, a P/E ratio of 25.87, a P/E/G ratio of 1.64 and a beta of 2.22. NVIDIA Corporation has a 12-month low of $164.27 and a 12-month high of $243.37. The stock’s 50 day simple moving average is $221.74 and its 200 day simple moving average is $204.24.

NVIDIA (NASDAQ:NVDA) last released its earnings results on Wednesday, August 26th. The computer hardware maker reported $2.22 earnings per share for the quarter, beating the consensus estimate of $2.09 by $0.13. The firm had revenue of $96.22 billion during the quarter, compared to analyst estimates of $92.27 billion. NVIDIA had a net margin of 63.66% and a return on equity of 96.04%. The firm’s revenue for the quarter was up 105.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.05 earnings per share. As a group, equities research analysts predict that NVIDIA Corporation will post 9.30 EPS for the current year.

NVIDIA Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Thursday, September 10th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Thursday, September 10th. NVIDIA’s dividend payout ratio is presently 12.64%.

NVIDIA declared that its board has initiated a share repurchase plan on Monday, September 28th that permits the company to repurchase $150 billion in shares. This buyback authorization permits the computer hardware maker to repurchase up to 2.8% of its stock through open market purchases. Share buyback plans are typically an indication that the company’s board of directors believes its stock is undervalued.

Key Stories Impacting NVIDIA

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: NVIDIA’s strong earnings, expanding margins and outlook for roughly 70% revenue growth in fiscal 2028 continue to support the bullish case. Analysts argue that AI demand remains supply-constrained and that the company’s latest guidance exceeded expectations. NVIDIA’s AI Dominance Could Have Further to Run
• Positive Sentiment: The company is broadening its role beyond GPUs by offering complete AI-factory architectures, networking, software and edge systems. Expanded collaborations with Microsoft, Meta, Oracle and other partners could increase NVIDIA’s share of customers’ overall AI infrastructure budgets. How AI Factory Expansion Will Impact NVIDIA Investors
• Positive Sentiment: Commentary highlighting AI demand, pricing power and NVIDIA’s strategic investments in networking, software and AI companies provides potential long-term catalysts. Wall Street analyst sentiment remains broadly favorable despite the recent correction. NVIDIA Stock: Analyst Estimates and Ratings

Analyst Ratings Changes

A number of brokerages have issued reports on NVDA. KeyCorp reaffirmed an “overweight” rating and issued a $330.00 target price on shares of NVIDIA in a research report on Monday, August 24th. Needham & Company LLC reissued a “buy” rating and set a $300.00 price target on shares of NVIDIA in a research report on Wednesday, October 21st. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of NVIDIA in a research report on Monday, August 31st. Jefferies Financial Group restated a “buy” rating on shares of NVIDIA in a research note on Wednesday, August 26th. Finally, Evercore set a $465.00 price target on shares of NVIDIA and gave the company an “outperform” rating in a report on Thursday, August 27th. Five equities research analysts have rated the stock with a Strong Buy rating, forty-nine have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, NVIDIA presently has a consensus rating of “Buy” and a consensus target price of $321.47.

Insider Buying and Selling

In other news, CFO Colette Kress sold 34,918 shares of the business’s stock in a transaction on Thursday, September 17th. The shares were sold at an average price of $219.05, for a total transaction of $7,648,787.90. Following the completion of the transaction, the chief financial officer owned 765,103 shares of the company’s stock, valued at approximately $167,595,812.15. The trade was a 4.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Timothy S. Teter sold 30,460 shares of the business’s stock in a transaction on Monday, September 21st. The shares were sold at an average price of $222.80, for a total transaction of $6,786,488.00. Following the transaction, the executive vice president directly owned 2,687,660 shares of the company’s stock, valued at approximately $598,810,648. This trade represents a 1.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 1,766,118 shares of company stock worth $399,450,353 in the last three months. 3.94% of the stock is owned by insiders.

NVIDIA Company Profile

NVIDIA Corporation (NASDAQ: NVDA) is a technology company that designs graphics processing units (GPUs), accelerated computing platforms, networking products and related software. Its technologies support artificial intelligence, machine learning, scientific computing, data analytics, professional visualization and computer graphics.

The company’s products include GeForce GPUs for gaming and personal computing, data center GPUs and systems for AI and high-performance computing, and networking solutions used to connect and manage large-scale computing infrastructure.