Cullen Frost Bankers Inc. Has $246.26 Million Stock Position in NVIDIA Corporation $NVDA

Cullen Frost Bankers Inc. raised its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 0.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,558,710 shares of the computer hardware maker's stock after buying an additional 10,194 shares during the period. NVIDIA comprises about 3.1% of Cullen Frost Bankers Inc.'s investment portfolio, making the stock its 4th biggest position. Cullen Frost Bankers Inc.'s holdings in NVIDIA were worth $246,261,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

• MarketBeat Week in Review – 11/10 - 11/14

Other hedge funds also recently bought and sold shares of the company. Harbor Asset Planning Inc. purchased a new position in shares of NVIDIA in the second quarter worth about $28,000. Legend Financial Advisors Inc. purchased a new stake in NVIDIA in the second quarter worth $55,000. Kathleen S. Wright Associates Inc. boosted its stake in shares of NVIDIA by 169.3% during the 1st quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock valued at $44,000 after purchasing an additional 254 shares in the last quarter. Westend Capital Management LLC grew its holdings in shares of NVIDIA by 46.8% during the 2nd quarter. Westend Capital Management LLC now owns 455 shares of the computer hardware maker's stock worth $72,000 after acquiring an additional 145 shares during the period. Finally, Barnes Dennig Private Wealth Management LLC bought a new position in NVIDIA in the first quarter worth $51,000. Institutional investors own 65.27% of the company's stock.

Insider Buying and Selling at NVIDIA

In other news, CEO Jen Hsun Huang sold 75,000 shares of the firm's stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $177.57, for a total transaction of $13,317,750.00. Following the completion of the transaction, the chief executive officer owned 72,248,366 shares in the company, valued at $12,829,142,350.62. This trade represents a 0.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Mark A. Stevens sold 350,000 shares of the business's stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $176.39, for a total value of $61,736,500.00. Following the completion of the sale, the director owned 7,399,803 shares in the company, valued at $1,305,251,251.17. This represents a 4.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 3,251,577 shares of company stock valued at $583,143,187 in the last 90 days. Insiders own 4.17% of the company's stock.

NVIDIA Trading Up 1.8%

• Jefferies Tells NVIDIA to Step Aside, Picks Broadcom as Top Semiconductor Stock

NVDA stock opened at $190.17 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 3.60. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $212.19. The business has a 50 day simple moving average of $185.60 and a two-hundred day simple moving average of $165.95. The company has a market capitalization of $4.62 trillion, a price-to-earnings ratio of 54.18, a PEG ratio of 1.49 and a beta of 2.11.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, topping the consensus estimate of $1.01 by $0.04. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The firm had revenue of $46.74 billion for the quarter, compared to the consensus estimate of $45.65 billion. During the same quarter in the previous year, the firm earned $0.68 earnings per share. The company's quarterly revenue was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. Research analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

• Monolithic Power Surges in 2025—Time to Buy or Hold?

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th were issued 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 1.14%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on NVDA shares. JPMorgan Chase & Co. reissued a "buy" rating and issued a $215.00 target price on shares of NVIDIA in a research note on Friday, September 19th. S&P Equity Research reissued a "positive" rating on shares of NVIDIA in a report on Wednesday, October 22nd. Wolfe Research set a $230.00 price target on NVIDIA and gave the company an "outperform" rating in a report on Tuesday, October 28th. Rosenblatt Securities raised their target price on shares of NVIDIA from $215.00 to $240.00 and gave the stock a "buy" rating in a research note on Monday, November 3rd. Finally, Wedbush reaffirmed an "outperform" rating and set a $210.00 price target on shares of NVIDIA in a report on Thursday, August 28th. Five analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Buy" and an average target price of $239.15.

Get Our Latest Research Report on NVIDIA

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.

Read More

• Five stocks we like better than NVIDIA
• The Basics of Support and Resistance
• Meta’s Pain May Be Your Gain: Is This a Rare Buying Window?
• How to Invest in Tech Stocks and Top Tech Stocks to Consider
• 3 Under-the-Radar AI Stocks to Buy on the Dip
• What Does a Stock Split Mean?
• Your Thanksgiving Playbook: 3 Stocks Set to Benefit From Football Fever

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in NVIDIA Right Now?

Before you consider NVIDIA, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NVIDIA wasn't on the list.

While NVIDIA currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here