Cahaba Wealth Management Inc. cut its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 23.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,219 shares of the computer hardware maker's stock after selling 6,104 shares during the period. NVIDIA accounts for 0.2% of Cahaba Wealth Management Inc.'s portfolio, making the stock its 26th largest holding. Cahaba Wealth Management Inc.'s holdings in NVIDIA were worth $3,194,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of NVDA. Kathleen S. Wright Associates Inc. boosted its holdings 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 worth $44,000 after buying an additional 254 shares during the period. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of NVIDIA in the 1st quarter valued at approximately $51,000. Bruce G. Allen Investments LLC raised its position in shares of NVIDIA by 198.2% in the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock valued at $53,000 after buying an additional 327 shares in the last quarter. Legend Financial Advisors Inc. acquired a new position in NVIDIA during the 2nd quarter worth approximately $55,000. Finally, Campbell Capital Management Inc. increased its position in NVIDIA by 5,900.0% during the 1st quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker's stock worth $65,000 after purchasing an additional 590 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity at NVIDIA
In other news, CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction that occurred on Friday, October 10th. The shares were sold at an average price of $190.20, for a total value of $14,265,000.00. Following the completion of the sale, the chief executive officer directly owned 70,558,203 shares in the company, valued at approximately $13,420,170,210.60. The trade was a 0.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Colette Kress sold 30,500 shares of the business's stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $176.40, for a total transaction of $5,380,200.00. Following the completion of the sale, the chief financial officer owned 2,883,402 shares of the company's stock, valued at approximately $508,632,112.80. The trade was a 1.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,925,379 shares of company stock valued at $694,277,421. 4.17% of the stock is currently owned by company insiders.
NVIDIA Price Performance
Shares of NASDAQ:NVDA opened at $183.16 on Friday. The company has a 50 day moving average of $179.16 and a 200 day moving average of $150.49. The stock has a market cap of $4.45 trillion, a P/E ratio of 52.18, a P/E/G ratio of 1.39 and a beta of 2.12. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $195.62. The company has a current ratio of 4.21, a quick ratio of 3.60 and a debt-to-equity ratio of 0.08.
NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, beating 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 company had revenue of $46.74 billion during the quarter, compared to analysts' expectations of $45.65 billion. During the same quarter in the previous year, the company earned $0.68 earnings per share. NVIDIA's revenue for the quarter was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. As a group, sell-side analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.
NVIDIA Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th were given a dividend of $0.01 per share. The ex-dividend date was Thursday, September 11th. This represents a $0.04 annualized dividend and a yield of 0.0%. NVIDIA's payout ratio is presently 1.14%.
Analyst Upgrades and Downgrades
Several equities analysts have issued reports on NVDA shares. Rosenblatt Securities restated a "buy" rating and issued a $215.00 price target on shares of NVIDIA in a research report on Tuesday, September 23rd. Jefferies Financial Group reaffirmed a "buy" rating and issued a $220.00 price objective (up from $205.00) on shares of NVIDIA in a research note on Monday, September 29th. Evercore ISI increased their target price on shares of NVIDIA from $214.00 to $225.00 and gave the stock an "outperform" rating in a research note on Tuesday, September 23rd. Craig Hallum lifted their price objective on shares of NVIDIA from $195.00 to $245.00 and gave the company a "buy" rating in a report on Thursday, August 28th. Finally, Weiss Ratings restated a "buy (b)" rating on shares of NVIDIA in a report on Wednesday. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $212.84.
Check Out Our Latest Stock Analysis on NVIDIA
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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