NVIDIA Corporation $NVDA is First County Bank CT’s 3rd Largest Position

First County Bank CT decreased its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA) by 5.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,123 shares of the computer hardware maker’s stock after selling 2,690 shares during the quarter. NVIDIA comprises about 3.8% of First County Bank CT’s portfolio, making the stock its 3rd biggest holding. First County Bank CT’s holdings in NVIDIA were worth $7,129,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of NVDA. Kathleen S. Wright Associates Inc. grew its holdings in shares of NVIDIA by 169.3% during the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker’s stock worth $44,000 after buying an additional 254 shares in the last quarter. Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of NVIDIA during the first quarter worth $51,000. Bruce G. Allen Investments LLC grew its holdings in shares of NVIDIA by 198.2% during the first quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker’s stock worth $53,000 after buying an additional 327 shares in the last quarter. Legend Financial Advisors Inc. purchased a new stake in shares of NVIDIA during the second quarter worth $55,000. Finally, Campbell Capital Management Inc. boosted its position in shares of NVIDIA by 5,900.0% during the 1st quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker’s stock valued at $65,000 after acquiring an additional 590 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on NVDA. New Street Research boosted their price target on shares of NVIDIA from $200.00 to $235.00 and gave the company a “buy” rating in a research report on Friday, September 12th. TD Cowen boosted their price target on shares of NVIDIA from $140.00 to $235.00 and gave the company a “buy” rating in a research report on Tuesday, August 19th. Morgan Stanley boosted their price target on shares of NVIDIA from $206.00 to $210.00 and gave the company an “overweight” rating in a research report on Thursday, August 28th. BNP Paribas raised shares of NVIDIA to a “hold” rating in a research report on Friday, August 1st. Finally, Jefferies Financial Group reissued a “buy” rating and set a $220.00 price target (up previously from $205.00) on shares of NVIDIA in a research report on Monday, September 29th. Four analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, NVIDIA currently has a consensus rating of “Moderate Buy” and a consensus target price of $212.84.

Insider Activity

In other news, CFO Colette Kress sold 30,500 shares of the stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $176.40, for a total transaction of $5,380,200.00. Following the sale, the chief financial officer owned 2,883,402 shares of the company’s stock, valued at approximately $508,632,112.80. This represents a 1.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction dated Friday, October 10th. The stock was sold at an average price of $190.20, for a total transaction of $14,265,000.00. Following the sale, the chief executive officer directly owned 70,558,203 shares in the company, valued at $13,420,170,210.60. This represents a 0.11% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,801,587 shares of company stock worth $673,950,484 in the last three months. Corporate insiders own 4.17% of the company’s stock.

NVIDIA Trading Down 4.9%

NASDAQ NVDA opened at $183.16 on Monday. The firm’s 50-day moving average is $179.16 and its two-hundred day moving average is $151.02. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $195.62. 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 $4.45 trillion, a P/E ratio of 52.18, a PEG ratio of 1.32 and a beta of 2.12.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.04. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The company had revenue of $46.74 billion for the quarter, compared to analysts’ expectations of $45.65 billion. During the same quarter in the prior year, the company posted $0.68 earnings per share. NVIDIA’s revenue for the quarter was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. On average, sell-side analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. The ex-dividend date of this dividend was Thursday, September 11th. NVIDIA’s dividend payout ratio is currently 1.14%.

NVIDIA Company 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.