Accuvest Global Advisors Lowers Stock Holdings in NVIDIA Corporation $NVDA

Accuvest Global Advisors decreased its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 72.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,579 shares of the computer hardware maker's stock after selling 14,333 shares during the period. Accuvest Global Advisors' holdings in NVIDIA were worth $605,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. WealthPlan Investment Management LLC raised its position in NVIDIA by 34.2% during the first quarter. WealthPlan Investment Management LLC now owns 110,091 shares of the computer hardware maker's stock valued at $11,932,000 after purchasing an additional 28,049 shares in the last quarter. Cresta Advisors Ltd. grew its stake in shares of NVIDIA by 25.3% during the first quarter. Cresta Advisors Ltd. now owns 21,592 shares of the computer hardware maker's stock valued at $2,340,000 after buying an additional 4,359 shares during the last quarter. One Degree Advisors Inc bought a new position in shares of NVIDIA during the first quarter valued at about $234,000. Red Crane Wealth Management LLC grew its stake in shares of NVIDIA by 9.1% during the first quarter. Red Crane Wealth Management LLC now owns 2,398 shares of the computer hardware maker's stock valued at $260,000 after buying an additional 200 shares during the last quarter. Finally, Potentia Wealth grew its stake in shares of NVIDIA by 9.7% during the first quarter. Potentia Wealth now owns 53,874 shares of the computer hardware maker's stock valued at $5,839,000 after buying an additional 4,760 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.

NVIDIA Stock Down 2.7%

NASDAQ NVDA opened at $167.02 on Friday. The business's 50-day moving average is $172.73 and its 200 day moving average is $140.21. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 3.60. The stock has a market capitalization of $4.06 trillion, a PE ratio of 47.58, a PEG ratio of 1.21 and a beta of 2.10. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $184.48.

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

NVIDIA Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.0%. The ex-dividend date of this dividend is Thursday, September 11th. NVIDIA's payout ratio is presently 1.14%.

Insider Activity at NVIDIA

In other news, Director Dawn E. Hudson sold 18,000 shares of NVIDIA stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $172.00, for a total transaction of $3,096,000.00. Following the completion of the transaction, the director directly owned 368,887 shares in the company, valued at approximately $63,448,564. This trade represents a 4.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $169.65, for a total transaction of $12,723,750.00. Following the completion of the transaction, the chief executive officer owned 72,698,366 shares of the company's stock, valued at approximately $12,333,277,791.90. The trade was a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,872,755 shares of company stock worth $764,283,330. Insiders own 4.17% of the company's stock.

Wall Street Analysts Forecast Growth

NVDA has been the topic of a number of recent research reports. Jefferies Financial Group raised their price objective on NVIDIA from $200.00 to $205.00 and gave the company a "buy" rating in a research note on Thursday, August 28th. Wedbush reaffirmed an "outperform" rating and set a $210.00 price objective on shares of NVIDIA in a research note on Thursday, August 28th. BNP Paribas raised NVIDIA to a "hold" rating in a research note on Friday, August 1st. Wells Fargo & Company raised their target price on NVIDIA from $185.00 to $220.00 and gave the stock an "overweight" rating in a research note on Monday, August 11th. Finally, Rosenblatt Securities raised their target price on NVIDIA from $200.00 to $215.00 and gave the stock a "buy" rating in a research note on Thursday, August 28th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $207.69.

NVIDIA Company Profile

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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