Hilltop National Bank Takes $11.38 Million Position in NVIDIA Corporation $NVDA

Hilltop National Bank purchased a new stake in NVIDIA Corporation (NASDAQ:NVDA) in the second quarter, HoldingsChannel reports. The firm purchased 72,004 shares of the computer hardware maker’s stock, valued at approximately $11,376,000. NVIDIA makes up approximately 3.0% of Hilltop National Bank’s investment portfolio, making the stock its 4th largest position.

A number of other hedge funds have also made changes to their positions in NVDA. Kathleen S. Wright Associates Inc. increased its position in NVIDIA by 169.3% during the 1st quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker’s stock worth $44,000 after purchasing an additional 254 shares in the last quarter. Barnes Dennig Private Wealth Management LLC purchased a new stake in NVIDIA during the 1st quarter worth about $51,000. Bruce G. Allen Investments LLC increased its position in NVIDIA by 198.2% during the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker’s stock worth $53,000 after purchasing an additional 327 shares in the last quarter. Legend Financial Advisors Inc. purchased a new stake in NVIDIA during the 2nd quarter worth about $55,000. Finally, Campbell Capital Management Inc. increased its position in NVIDIA by 5,900.0% during the 1st quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker’s stock worth $65,000 after purchasing an additional 590 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on NVDA. Loop Capital lifted their price objective on NVIDIA from $175.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, June 25th. Jefferies Financial Group reiterated a “buy” rating and set a $220.00 price objective (up previously from $205.00) on shares of NVIDIA in a research report on Monday, September 29th. Wells Fargo & Company lifted their price target on NVIDIA from $185.00 to $220.00 and gave the company an “overweight” rating in a report on Monday, August 11th. Robert W. Baird lifted their price target on NVIDIA from $195.00 to $225.00 and gave the company an “outperform” rating in a report on Monday, August 25th. Finally, Oppenheimer restated an “outperform” rating and issued a $225.00 price target (up previously from $200.00) on shares of NVIDIA in a report on Thursday, August 28th. Five research analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $222.23.

NVIDIA Stock Up 0.8%

Shares of NASDAQ:NVDA opened at $183.22 on Monday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.60 and a current ratio of 4.21. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $195.62. The stock has a market capitalization of $4.45 trillion, a P/E ratio of 52.20, a PEG ratio of 1.32 and a beta of 2.12. The stock has a 50-day simple moving average of $179.40 and a 200-day simple moving average of $153.63.

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

NVIDIA Announces Dividend

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

Insider Activity

In other news, CEO Jen Hsun Huang sold 75,000 shares of the business’s stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $181.01, for a total transaction of $13,575,750.00. Following the completion of the sale, the chief executive officer owned 70,333,203 shares in the company, valued at approximately $12,731,013,075.03. The trade was a 0.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last three months, insiders sold 3,678,937 shares of company stock worth $654,837,526. 4.17% of the stock is currently owned by insiders.

About NVIDIA

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.