NVIDIA Corporation $NVDA Shares Sold by Washington Trust Bank

Posted by Stanley Muller on Oct 16th, 2026

Washington Trust Bank decreased its position in NVIDIA Corporation (NASDAQ:NVDA – Free Report) by 19.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 239,602 shares of the computer hardware maker’s stock after selling 57,146 shares during the period. NVIDIA makes up approximately 3.4% of Washington Trust Bank’s holdings, making the stock its 7th biggest position. Washington Trust Bank’s holdings in NVIDIA were worth $47,942,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in NVDA. Lifetime Wealth Management P.C. bought a new position in NVIDIA in the 4th quarter worth approximately $26,000. Longview Financial Advisors Inc. acquired a new stake in NVIDIA in the 1st quarter valued at approximately $27,000. Phillip James Consulting Co. bought a new stake in NVIDIA during the 1st quarter valued at $40,000. Bard Associates Inc. raised its stake in NVIDIA by 8,866.7% during the 2nd quarter. Bard Associates Inc. now owns 269 shares of the computer hardware maker’s stock valued at $54,000 after acquiring an additional 266 shares in the last quarter. Finally, Frankly Finances LLC bought a new stake in NVIDIA during the 2nd quarter valued at $60,000. Institutional investors and hedge funds own 65.27% of the company’s stock.

Insider Activity

In related news, EVP Timothy S. Teter sold 30,460 shares of the firm’s stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $222.80, for a total transaction of $6,786,488.00. Following the completion of the transaction, the executive vice president owned 2,687,660 shares of the company’s stock, valued at $598,810,648. This trade represents a 1.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mark A. Stevens sold 622,239 shares of the firm’s stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $231.62, for a total value of $144,122,997.18. Following the transaction, the director directly owned 2,336,531 shares of the company’s stock, valued at $541,187,310.22. This represents a 21.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 1,766,118 shares of company stock worth $399,450,353. 3.94% of the stock is owned by company insiders.

NVIDIA Price Performance

NASDAQ NVDA opened at $217.23 on Friday. NVIDIA Corporation has a 12 month low of $164.27 and a 12 month high of $243.37. The firm has a market capitalization of $5.24 trillion, a PE ratio of 27.46, a P/E/G ratio of 1.71 and a beta of 2.22. The company’s 50 day simple moving average is $223.40 and its 200 day simple moving average is $211.08. The company has a debt-to-equity ratio of 0.14, a current ratio of 4.59 and a quick ratio of 3.85.

NVIDIA (NASDAQ:NVDA – Get Free Report) last announced its earnings results on Wednesday, August 26th. The computer hardware maker reported $2.22 EPS for the quarter, topping the consensus estimate of $2.09 by $0.13. The firm had revenue of $96.22 billion for the quarter, compared to analysts’ expectations of $92.27 billion. NVIDIA had a return on equity of 96.04% and a net margin of 63.66%. The firm’s quarterly revenue was up 105.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.05 earnings per share. As a group, equities research analysts forecast that NVIDIA Corporation will post 9.25 EPS for the current fiscal year.

NVIDIA announced that its Board of Directors has authorized a share buyback plan on Monday, September 28th that allows the company to repurchase $150.00 billion in shares. This repurchase authorization allows the computer hardware maker to purchase up to 2.8% of its stock through open market purchases. Share repurchase plans are often a sign that the company’s board of directors believes its shares are undervalued.

NVIDIA Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Thursday, September 10th were given a dividend of $0.25 per share. The ex-dividend date was Thursday, September 10th. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. NVIDIA’s dividend payout ratio (DPR) is 12.64%.

Wall Street Analyst Weigh In

NVDA has been the subject of a number of analyst reports. Wall Street Zen upgraded NVIDIA from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 10th. Weiss Ratings reissued a “buy (b)” rating on shares of NVIDIA in a report on Friday, October 2nd. Truist Financial raised their price target on NVIDIA from $307.00 to $346.00 and gave the company a “buy” rating in a report on Thursday, August 27th. Daiwa Securities Group cut their price objective on shares of NVIDIA from $255.00 to $245.00 and set an “outperform” rating on the stock in a research note on Thursday, September 17th. Finally, Evercore set a $465.00 price objective on shares of NVIDIA and gave the stock an “outperform” rating in a report on Thursday, August 27th. Five research analysts have rated the stock with a Strong Buy rating, forty-nine have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, NVIDIA has a consensus rating of “Buy” and an average target price of $321.89.

Get Our Latest Stock Analysis on NVDA

Key Stories Impacting NVIDIA

Here are the key news stories impacting NVIDIA this week:

Positive Sentiment: Automotive expansion: Volvo Cars is expanding its long-running partnership with NVIDIA, adopting three NVIDIA hardware and software components for automated driving systems designed for urban streets and highways. This strengthens NVIDIA’s position in physical AI and autonomous vehicles. Volvo Cars expands automated driving partnership with Nvidia
Positive Sentiment: Broader enterprise adoption: Adobe and NVIDIA expanded their collaboration to optimize Photoshop, Premiere, Substance 3D, Frame.io and Brand Concierge for faster AI-powered creation. LSEG also selected NVIDIA GPUs to accelerate analysis of its large Tick History dataset, supporting demand beyond hyperscale cloud providers. Adobe and NVIDIA Expand Collaboration to Speed Agentic Creation
Positive Sentiment: Demand remains substantial: QumulusAI put all GPUs covered by a $71.9 million, three-year NVIDIA Blackwell agreement into production, while industry coverage continues to highlight supply constraints and extensive hyperscaler AI spending. These developments support NVIDIA’s revenue outlook, although they do not eliminate financing risks. QumulusAI Blackwell agreement
Neutral Sentiment: AI safety initiatives: NVIDIA committed $250 million in computing resources over five years for U.K. agentic AI safety and security research. The move may improve NVIDIA’s regulatory and reputational position, but it is primarily a strategic investment rather than a near-term earnings catalyst. Nvidia pledges $250 million to boost UK AI safety research
Neutral Sentiment: Political and governance attention: NVIDIA confirmed a multimillion-dollar donation to President Trump’s White House ballroom project, while CEO Jensen Huang discussed working with Chinese AI companies on safety and potentially withholding chips from irresponsible customers. These developments could generate reputational or regulatory scrutiny without directly changing near-term results. Nvidia and Cisco donations
Negative Sentiment: Macro and financing concerns dominated: Rising Treasury yields and hotter inflation data encouraged investors to reduce exposure to high-growth AI stocks. Markets are increasingly questioning whether cloud providers and neoclouds can fund the infrastructure spending required to support NVIDIA’s growth. Rate pressure versus AI demand
Negative Sentiment: Competition and valuation rotation: Analysts pointed to Micron’s lower valuation and improving AI-related margins as a more attractive alternative, while Broadcom, AMD and Microsoft’s custom-chip efforts reinforce concerns that NVIDIA’s market share and pricing power could face pressure. Micron versus NVIDIA

NVIDIA Company Profile

(Free Report)

NVIDIA Corporation is a technology company that designs accelerated computing platforms, graphics processing units (GPUs), central processing units (CPUs), networking products and related software. Its technologies are used in artificial intelligence, data centers, scientific and technical computing, gaming, professional visualization, automotive systems and robotics.

The company’s products include GeForce GPUs and gaming software, data center computing platforms, networking solutions, and enterprise software for AI development and deployment.