Canandaigua National Bank & Trust Co. Has $12.29 Million Stake in NVIDIA Corporation $NVDA

Canandaigua National Bank & Trust Co. increased its position in NVIDIA Corporation (NASDAQ:NVDA) by 7.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 investment portfolio, making the stock its 17th biggest position. Canandaigua National Bank & Trust Co.’s holdings in NVIDIA were worth $12,287,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Harbor Asset Planning Inc. bought a new position in NVIDIA during the second quarter valued at about $28,000. Winnow Wealth LLC acquired a new position in NVIDIA in the second quarter worth about $32,000. Longfellow Investment Management Co. LLC raised its stake in NVIDIA by 47.9% during the second quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker’s stock worth $33,000 after acquiring an additional 67 shares in the last quarter. Spurstone Advisory Services LLC bought a new position in shares of NVIDIA during the second quarter valued at $40,000. Finally, EDENTREE ASSET MANAGEMENT Ltd bought a new stake in shares of NVIDIA in the 2nd quarter worth about $54,000. 65.27% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Harvey C. Jones sold 250,000 shares of NVIDIA stock in a transaction on Monday, December 15th. The shares were sold at an average price of $177.33, for a total transaction of $44,332,500.00. Following the transaction, the director directly owned 6,933,280 shares of the company’s stock, valued at $1,229,478,542.40. This trade represents a 3.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Debora Shoquist sold 80,000 shares of the company’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 completion of the sale, the executive vice president owned 1,574,443 shares of the company’s stock, valued at approximately $290,720,899.95. This represents a 4.84% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 2,163,974 shares of company stock worth $396,087,917 in the last ninety days. Company insiders own 4.17% of the company’s stock.

NVIDIA Stock Performance

NVDA stock opened at $180.99 on Friday. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $212.19. 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 company has a market cap of $4.40 trillion, a P/E ratio of 44.91, a price-to-earnings-growth ratio of 0.85 and a beta of 2.29. The business’s fifty day moving average is $185.58 and its 200-day moving average is $174.93.

NVIDIA (NASDAQ:NVDA) last released 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. 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 the consensus estimate of $54.66 billion. During the same quarter in the prior year, the company posted $0.81 earnings per share. The firm’s revenue was up 62.5% on a year-over-year basis. Equities research analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

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

Analysts Set New Price Targets

Several brokerages recently issued reports on NVDA. Truist Financial lifted their price target on shares of NVIDIA from $255.00 to $275.00 and gave the company a “buy” rating in a report on Friday. Cantor Fitzgerald reiterated an “overweight” rating and issued a $300.00 target price on shares of NVIDIA in a research note on Thursday, November 20th. Needham & Company LLC restated a “buy” rating and set a $240.00 price target on shares of NVIDIA in a research report on Thursday, November 20th. Wolfe Research lifted their price objective on NVIDIA from $230.00 to $250.00 and gave the company an “outperform” rating in a research report on Thursday, November 20th. Finally, Stifel Nicolaus boosted their price objective on NVIDIA from $212.00 to $250.00 and gave the stock a “buy” rating in a research note on Tuesday, November 18th. Five 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 stock. According to MarketBeat.com, NVIDIA has an average rating of “Buy” and a consensus price target of $262.14.

Key Stores Impacting NVIDIA

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

About NVIDIA

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.