Abel Hall LLC reduced its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 13.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,425 shares of the computer hardware maker's stock after selling 3,948 shares during the quarter. NVIDIA comprises 1.6% of Abel Hall LLC's portfolio, making the stock its 11th biggest position. Abel Hall LLC's holdings in NVIDIA were worth $2,647,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also modified their holdings of the company. Astoria Portfolio Advisors LLC. increased its stake in NVIDIA by 0.9% during the 1st quarter. Astoria Portfolio Advisors LLC. now owns 93,568 shares of the computer hardware maker's stock worth $9,610,000 after purchasing an additional 864 shares in the last quarter. Centerpoint Advisory Group boosted its holdings in shares of NVIDIA by 2.5% in the 1st quarter. Centerpoint Advisory Group now owns 39,398 shares of the computer hardware maker's stock valued at $4,270,000 after buying an additional 943 shares during the last quarter. GSB Wealth Management LLC boosted its holdings in shares of NVIDIA by 3.3% in the 1st quarter. GSB Wealth Management LLC now owns 32,611 shares of the computer hardware maker's stock valued at $3,534,000 after buying an additional 1,043 shares during the last quarter. Variant Private Wealth LLC boosted its holdings in shares of NVIDIA by 20.6% in the 1st quarter. Variant Private Wealth LLC now owns 18,800 shares of the computer hardware maker's stock valued at $2,038,000 after buying an additional 3,206 shares during the last quarter. Finally, Financial Perspectives Inc lifted its holdings in NVIDIA by 2.8% during the 1st quarter. Financial Perspectives Inc now owns 45,958 shares of the computer hardware maker's stock valued at $4,981,000 after purchasing an additional 1,265 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.
NVIDIA Stock Down 0.2%
NVDA stock opened at $174.98 on Friday. The company has a market cap of $4.27 trillion, a PE ratio of 56.45, a price-to-earnings-growth ratio of 1.54 and a beta of 2.14. The business has a 50-day simple moving average of $166.63 and a 200 day simple moving average of $136.90. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $184.48. The company has a quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10.
NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The company had revenue of $44.06 billion during the quarter, compared to analyst estimates of $43.09 billion. During the same period last year, the firm earned $0.61 EPS. The firm's revenue for the quarter was up 69.2% compared to the same quarter last year. NVIDIA has set its Q2 2026 guidance at EPS. Sell-side analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.
NVIDIA Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 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 was Wednesday, June 11th. NVIDIA's payout ratio is 1.29%.
Analyst Ratings Changes
NVDA has been the subject of several research reports. Arete Research raised NVIDIA to a "strong-buy" rating in a report on Wednesday, May 21st. Needham & Company LLC lifted their target price on NVIDIA from $160.00 to $200.00 and gave the stock a "buy" rating in a report on Wednesday, July 16th. Piper Sandler set a $225.00 target price on NVIDIA and gave the stock an "overweight" rating in a report on Wednesday, August 13th. Barclays lifted their target price on NVIDIA from $170.00 to $200.00 and gave the stock an "overweight" rating in a report on Tuesday, June 17th. Finally, UBS Group lifted their target price on NVIDIA from $175.00 to $205.00 and gave the stock a "buy" rating in a report on Thursday. Four research analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $191.78.
Get Our Latest Research Report on NVIDIA
Insider Activity
In other news, CFO Colette Kress sold 27,640 shares of the business's stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $178.06, for a total transaction of $4,921,578.40. Following the sale, the chief financial officer directly owned 2,956,876 shares in the company, valued at approximately $526,501,340.56. The trade was a 0.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $179.76, for a total value of $13,482,000.00. Following the sale, the chief executive officer owned 72,848,225 shares in the company, valued at approximately $13,095,196,926. This trade represents a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,912,440 shares of company stock worth $902,886,782. Company insiders own 4.17% of the company's stock.
About NVIDIA
(
Free Report)
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.
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