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Cullen Frost Bankers Inc. Buys 32,478 Shares of NVIDIA Corporation $NVDA
Cullen Frost Bankers Inc. increased its stake in NVIDIA Corporation by 2.1% in the third quarter, purchasing an additional 32,478 shares to reach a total of 1,591,188 shares valued at $296.88 million. Other institutional investors also adjusted their holdings in NVIDIA, reflecting ongoing interest in the computer hardware maker. Despite some insider selling and competitive concerns, analysts generally maintain a “Buy” rating on NVIDIA with a consensus target price of $264.20, driven by strong AI data-center demand.