NVIDIA Corporation $NVDA Shares Sold by Canandaigua National Trust Co of Florida

Canandaigua National Trust Co of Florida cut its stake in NVIDIA Corporation (NASDAQ:NVDA) by 21.9% in the third quarter, HoldingsChannel reports. The firm owned 10,052 shares of the computer hardware maker’s stock after selling 2,814 shares during the quarter. NVIDIA makes up about 1.5% of Canandaigua National Trust Co of Florida’s investment portfolio, making the stock its 13th biggest position. Canandaigua National Trust Co of Florida’s holdings in NVIDIA were worth $1,876,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of NVDA. Harbor Asset Planning Inc. purchased a new stake in shares of NVIDIA during the second quarter worth approximately $28,000. Winnow Wealth LLC purchased a new position in NVIDIA in the second quarter worth approximately $32,000. Longfellow Investment Management Co. LLC increased its position in shares of NVIDIA by 47.9% in the 2nd quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker’s stock valued at $33,000 after purchasing an additional 67 shares during the last quarter. Spurstone Advisory Services LLC acquired a new stake in shares of NVIDIA in the 2nd quarter valued at $40,000. Finally, EDENTREE ASSET MANAGEMENT Ltd purchased a new stake in shares of NVIDIA during the 2nd quarter worth $54,000. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. BNP Paribas Exane increased their target price on NVIDIA from $240.00 to $250.00 and gave the company an “outperform” rating in a report on Tuesday, November 18th. Deutsche Bank Aktiengesellschaft increased their price objective on NVIDIA from $180.00 to $215.00 and gave the company a “hold” rating in a report on Thursday, November 20th. Bank of America boosted their target price on NVIDIA from $235.00 to $275.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Wall Street Zen upgraded shares of NVIDIA from a “hold” rating to a “buy” rating in a research note on Sunday, October 19th. Finally, Truist Financial boosted their price objective on shares of NVIDIA from $255.00 to $275.00 and gave the stock a “buy” rating in a research report on Friday. Five 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’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $262.14.

Insider Activity at NVIDIA

In related news, Director A Brooke Seawell sold 12,728 shares of the company’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $183.93, for a total value of $2,341,061.04. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Mark A. Stevens sold 350,000 shares of the firm’s stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $181.73, for a total value of $63,605,500.00. Following the completion of the transaction, the director directly owned 7,049,803 shares of the company’s stock, valued at $1,281,160,699.19. The trade was a 4.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 2,163,974 shares of company stock worth $396,087,917. 4.17% of the stock is currently owned by company insiders.

NVIDIA News Summary

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 Price Performance

NVIDIA stock opened at $180.99 on Friday. 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. NVIDIA Corporation has a one year low of $86.62 and a one year high of $212.19. The business has a fifty day moving average of $185.58 and a two-hundred day moving average of $174.93. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.71 and a current ratio of 4.47.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $0.07. The business had revenue of $57.01 billion for the quarter, compared to analysts’ expectations of $54.66 billion. NVIDIA had a net margin of 53.01% and a return on equity of 99.24%. The business’s revenue for the quarter was up 62.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.81 EPS. As a group, analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

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

NVIDIA 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.